ALPS Advisors, Inc., acquired by SS&C, providing products and services
to the financial services industry, today announced The Fund - Workplace
Equality Portfolio (NYSE ARCA:EQLT) -- will close to new investors
on April 25, 2019 and liquidate on April 29, 2019.
The decision to close the Fund was made by the ALPS ETF Trust's Board of
Trustees after consultation with ALPS Advisors, Inc., the investment
adviser to the Fund. On consideration of the Fund's inability to attract
significant market interest since the Fund's inception, its future
viability as well as prospects for growth of the Fund's assets in the
foreseeable future, the Board determined that it was in the best
interests of the Fund and its shareholders to liquidate the Fund's
shares, which are listed on the NYSE ARCA. The last day of trading for
the Fund is scheduled to be Friday, April 26, 2019.
The Fund will immediately begin the process of closing down and
liquidating its portfolio, which will increase the Fund's cash holdings
notwithstanding the Fund's investment objective and strategies. From March
5, 2019 to April 26, 2019, shareholders may be able to sell their
shares of the Fund, but there can be no assurance that there will be a
market for the Fund's shares.
Any person holding shares in the Fund as of the liquidation date will
receive a cash distribution equal to the net asset value of their
shares. Shareholders receiving this cash distribution will not incur
transaction fees in connection with this distribution or the liquidation
of their shares in the Fund. A portion of the distribution may represent
an ordinary income dividend or a capital gain distribution.
For additional information about the liquidation, shareholders of the
Fund may call ALPS at 844.375.8383 or visit www.eqltfund.com
ALPS, which was acquired by SS&C in April 2018, provides customized
asset servicing and asset gathering solutions to the financial services
community through an entrepreneurial culture based on the commitment to
"Do Things Right." Founded in 1985, ALPS continues to actively promote
all of its various business segments, from asset servicing through ALPS
Fund Services, Inc. to asset gathering through ALPS Portfolio Solutions
Distributor, Inc. Headquartered in Denver, with offices in Boston, New
York, Seattle, and Toronto, ALPS, a wholly-owned subsidiary of DST
Systems, Inc., today represents more than 400 employees, over 200
clients, and an executive team that has been in place for more than 18
years. For more information about ALPS and its services, visit www.alpsinc.com.
Information about ALPS products is available at www.alpsfunds.com.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled
services and software for the global financial services and healthcare
industries. Founded in 1986, SS&C is headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000 financial
services and healthcare organizations, from the world's largest
institutions to local firms, manage and account for their investments
using SS&C's products and services.
An investor should consider the investment objectives, risks,
charges and expenses carefully before investing. To obtain a prospectus,
which contain this and other information please contact your financial
professional or call 1.844.375.8383. Read the prospectus carefully
Workplace Equality Portfolio shares are not individually
redeemable. Investors buy and sell shares of the Workplace Equality
Portfolio on a secondary market. Only market makers or "authorized
participants" may trade directly with the Fund, typically in blocks of
The ability to invest based on artificial intelligence analytics is
relatively new and untested. The Fund may invest a significant portion
of its assets in securities issued by companies in the information
technology sector in order to track the Underlying index's allocation to
These types of funds typically have a high portfolio turnover that could
increase transaction costs and cause short-term capital gains to be
The Fund is not suitable for all investors. There are risks involved
with investing in ETFs including the loss of money. The Fund is
considered non-diversified and can invest a greater portion of assets in
securities of individual issuers than a diversified fund. As a result,
changes in the market value of a single investment could cause greater
fluctuations in share price than would occur in a diversified fund.
Funds that emphasize investment in small/mid cap companies will
generally experience grater price volatility. Diversification does not
eliminate the risk of experiencing investment losses. ETFs are
considered to have continuous liquidity because they allow for an
individual to trade throughout the day.
Investing in companies based on artificial intelligence analytics
involves the potential for market manipulation because online posts may
be made with an intent to inflate, or otherwise manipulate, the public
perception of a stock or other investment.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor for the
Workplace Equality Portfolio.
ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc.
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Source: ALPS Advisors