Arrow Reverse Cap 500 ETF

Frequently Asked Questions About YPS

What does YPS invest in?

The index is a rules-based, reverse capitalization weighted index comprised of constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. The fund will generally use a “replication” strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the index in approximately the same proportion as in the index.

What is the expense ratio of YPS?

Arrow Reverse Cap 500 ETF (YPS) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is YPS?

Arrow Reverse Cap 500 ETF (YPS) manages $8.9M 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 YPS actively managed or an index fund?

YPS is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (YPS's is 0.29%) because there's no security selection cost.

When was YPS launched?

Arrow Reverse Cap 500 ETF (YPS) launched in November 2017 and is managed by the fund issuer.

How has YPS performed?

YPS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.