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ETFs

RiverFront Dynamic US Dividend Advantage ETF

RFDA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 07 2016
Expense Ratio
0.52%
Type
US Equities
Fund Owner
ALPS
Volume (1m avg. daily)
$129,874
AUM
$73,682,727
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

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Apple Inc
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Invest with RFDA

What is RFDA?

RiverFront Dynamic US Dividend Advantage is an Actively Managed ETF and does not follow an index. The Sub-Advisor, RiverFront Investment Group, LLC ( RiverFront ), assembles a portfolio of eligible securities based on several core attributes such as value, quality and momentum. RiverFront will consider multiple proprietary factors within each core attribute, such as the price-to-book value of a security when determining value, a company s cash as a percentage of the company s market capitalization when determining quality and a security s three month relative price change when determining momentum. Additionally, within a given sector, security selection will emphasize companies offering a meaningful dividend yield premium over alternative investments within that sector. This dividend yield emphasis is subject to quality screens intended to limit exposure to companies whose financial characteristics suggest the potential for dividend cuts. RiverFront then assigns each qualifying security a score based on its core attributes, including its dividend growth score, and selects the individual securities with the highest scores for investment. In doing so, RiverFront utilizes its proprietary optimization process to maximize the percentage of high-scoring securities included in the portfolio. A high-scoring security within our investment process does not guarantee a favorable performance or ensure against loss. Riverfront will also consider the market capitalization of the companies in which the Fund may invest, the potential for dividend income, and the trading volume of a company s shares in the secondary market.

ETFs related toRFDA

ETFs correlated to RFDA include TILT, JHML, DFAU

RFDA
ALPS Advisors Inc - RiverFront Dynamic US Dividend Advantage ETF
TILT
FlexShares Trust - FlexShares Morningstar US Market Factors Tilt Index Fund
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
QDF
FlexShares Trust - FlexShares Quality Dividend Index Fund
DFAC
Dimensional ETF Trust - Dimensional U.S. Core Equity 2 ETF
AVUS
American Century ETF Trust - Avantis U.S. Equity ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
ITOT
BlackRock Institutional Trust Company N.A. - iShares Core S&P Total U.S. Stock Market ETF
FVAL
Fidelity Covington Trust - Fidelity Value Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRFDA

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with RFDA using Composer

FAQ

RFDA is a US Equities ETF. RiverFront Dynamic US Dividend Advantage is an Actively Managed ETF and does not follow an index. The Sub-Advisor, RiverFront Investment Group, LLC ( RiverFront ), assembles a portfolio of eligible securities based on several core attributes such as value, quality and momentum. RiverFront will consider multiple proprietary factors within each core attribute, such as the price-to-book value of a security when determining value, a company s cash as a percentage of the company s market capitalization when determining quality and a security s three month relative price change when determining momentum. Additionally, within a given sector, security selection will emphasize companies offering a meaningful dividend yield premium over alternative investments within that sector. This dividend yield emphasis is subject to quality screens intended to limit exposure to companies whose financial characteristics suggest the potential for dividend cuts. RiverFront then assigns each qualifying security a score based on its core attributes, including its dividend growth score, and selects the individual securities with the highest scores for investment. In doing so, RiverFront utilizes its proprietary optimization process to maximize the percentage of high-scoring securities included in the portfolio. A high-scoring security within our investment process does not guarantee a favorable performance or ensure against loss. Riverfront will also consider the market capitalization of the companies in which the Fund may invest, the potential for dividend income, and the trading volume of a company s shares in the secondary market.

RFDA dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

Yes, RFDA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, RFDA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RFDA is -0.0107%. This is the percent change in the value of RFDA over the most recent 1-month period. The 3-month return on RFDA is -0.008%. This is the percent change in the value of RFDA over the most recent 3-month period.

The standard deviation of RFDA for the past year is 0.1755%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RFDA include PKW, VIXY, and XYLD.

ETFs correlated to RFDA include TILT, JHML, and DFAU.

ETFs that are inversely correlated to RFDA include SDS, SH, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.