Tuesday, May 21st, 2013

Redefining Yield With Cambria Shareholder Yield ETF

By Ron Rowland
8:01 am CDT

The Cambria Shareholder Yield ETF (SYLD), launched May 14, is an actively managed ETF employing a quantitative algorithm to select companies with strong emphasis on returning free cash flow to their shareholders. In addition to cash dividends, net share repurchases and reducing debt are the two other major factors considered.

ETF Deathwatch for May 2013: First Increase In 8 Months | Wed, May 8th, 2013

The number of ETF Deathwatch constituents rises by ten for May, breaking a streak of declining counts stretching back to October of last year. Eighteen new names join the list, including fourteen ETFs and four ETNs. Seven ETFs had improved health and escaped. One ETF underwent “voluntary” delisting in April. BNPC died after the close of trading on April 12. The future of BNP Paribas as a viable participant in the U.S. ETF market probably died the same day.

Alerian MLP ETF (AMLP) Cuts Expense Ratio to 4.85% | Fri, May 3rd, 2013

Alerian MLP ETF (AMLP), the first ETF structured as a C-corporation, issued a prospectus update March 31, 2013 (pdf). Total Annual Fund Operating Expenses decreased from 4.86% to 4.85% resulting in a non-perceptible change that did not warrant a company press release. My estimate of the deferred income tax expenses that shareholders have paid since inception is closer to 7.59%.