HVPW

ALPS U.S. Equity High Volatility Put Write Index ETF

The U.S. Equity High Volatility Put Write Index Fund (HVPW) seeks investment results that correspond generally to the performance, before the Fund’s fees and expenses, of an index called the NYSE Arca U.S. Equity High Volatility Put Write Index . The Index reflects the performance of a portfolio of exchange‐traded put options on a selection of the largest capitalized stocks which also have listed options and which have the highest volatility, as determined by the NYSE Arca, Inc., the Fund’s index provider. Put options are financial instruments that give the owner /buyer the right, but not the obligation, to sell a specified quantity of a security at a set price called the “strike” price on or before an agreed upon expiration date.
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