ALPS Electrification Infrastructure ETF

Frequently Asked Questions About ELFY

What does ELFY invest in?

The underlying index utilizes a proprietary, rules-based methodology developed by Ladenburg Thalmann Index, LLC (the “index provider”), which is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization companies that are positioned to benefit from “electrification”. The fund will invest at least 80% of its net assets in securities that comprise the underlying index.

What is the expense ratio of ELFY?

ALPS Electrification Infrastructure ETF (ELFY) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

What is ELFY's distribution yield?

ELFY's trailing-twelve-month yield is 1.15%, calculated from the sum of distributions over the past year divided by the current price.

How does ELFY's covered-call strategy work?

ELFY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is ELFY?

ALPS Electrification Infrastructure ETF (ELFY) manages $168.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ELFY actively managed or an index fund?

ELFY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.