WINDSOR, Conn. and DENVER, July 8,
2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc.
(Nasdaq: SSNC) today announced that SS&C ALPS Advisors, an
asset manager and wholly-owned subsidiary of SS&C, has cut the
fee for the Alerian Energy Infrastructure ETF (NYSE Arca: ENFR)
from 0.65% to 0.35%, effective July 1,
2021.
The fund's underlying index, the Alerian Midstream Energy Select
Index (CME: AMEI), is designed to offer extensive exposure to the
North American energy infrastructure index. In addition, today's
fee reduction positions ENFR as the
lowest-cost1 ETF available, offering
investors exposure to the midstream space.
"Today's fee reduction is the result of our continual efforts to
serve our clients' best interests by delivering best-in-class
products at competitive prices," said Laton Spahr*, President of
SS&C ALPS Advisors. "ENFR now offers the lowest-cost and
easiest way for investors to access the midstream space and its
potential yield and growth. All while benefiting from a leading
index partner like Alerian, which offers industry expertise in both
index design and research."
"Alerian has a track record of index innovation and a strong
relationship with SS&C ALPS, partnering to deliver thoughtfully
designed solutions to meet investor demand," said Robert Hughes, Chief Commercial Officer of
Alerian and S-Network Global Indexes. "Our underlying index to ENFR
provides unique access to the broader energy infrastructure
universe. We offer investors exposure to real assets, competitive
yields relative to traditional income-producing sectors and total
return potential."
The energy renaissance in North
America began with new technologies unlocking vast reserves
of oil and natural gas. To create more sustainable businesses,
midstream firms combine their focus on financial flexibility with
research into alternative and renewable energy business
opportunities. In addition, energy infrastructure MLPs and
corporations have responded to growing investor focus on
sustainability issues by improving transparency and ESG
reporting.
1Ordinary brokerage fees apply
*Registered Representative of ALPS Distributors, Inc.
Important Disclosures
An investor should consider the investment objectives,
risks, charges, and expenses carefully before investing. To obtain
a prospectus that contains this and other information call
866.675.2639. Read the prospectus carefully before you invest.
There are risks involved with investing in ETFs including the loss
of money. Additional information regarding the risks of this
investment is available in the prospectus.
The Alerian Energy Infrastructure ETF Shares are not
individually redeemable. Investors buy and sell shares of the
Alerian Energy Infrastructure ETF on a secondary market. Only
market makers or "authorized participants" may trade directly with
the Fund, typically in blocks of 50,000 shares.
Investments in securities of MLPs involve risks that differ from
an investment in common stock. MLPs are controlled by their general
partners, which generally have conflicts of interest and limited
fiduciary duties to the MLP, which may permit the general partner
to favor its own interests over the MLPs.
A portion of the benefits you are expected to derive from the
Fund's investment in MLPs depends largely on the MLPs being treated
as partnerships for federal income tax purposes. As a partnership,
an MLP has no federal income tax liability at the entity level.
Therefore, treatment of one or more MLPs as a corporation for
federal income tax purposes could affect the Fund's ability to meet
its investment objective and would reduce the amount of cash
available to pay or distribute to you. Legislative, judicial, or
administrative changes and differing interpretations, possibly on a
retroactive basis, could negatively impact the value of an
investment in MLPs and therefore the value of your investment in
the Fund.
The fund invests primarily in a particular sector and could
experience greater volatility than a fund investing in a broader
range of industries.
The Fund may be subject to risks relating to its investment in
Canadian securities. Because the Fund will invest in securities
denominated in foreign currencies and the income received by the
Fund will generally be in foreign currency, changes in currency
exchange rates may negatively impact the Fund's return.
Investments in the energy infrastructure sector are subject to:
reduced volumes of natural gas or other energy commodities
available for transporting, processing or storing; changes in the
regulatory environment; extreme weather and; rising interest rates
which could result in a higher cost of capital and drive investors
into other investment opportunities.
Alerian Midstream Energy Select Index is a composite of North
American energy infrastructure companies that engage in the
transportation, storage and processing of energy commodities.
One may not invest directly in an index.
ALPS Portfolio Solutions Distributor, Inc. is the Distributor of
the Fund.
ALPS Distributors, Inc. ALPS Advisors, Inc, and ALPS Portfolio
Solutions Distributor, Inc. are affiliated.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology. Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
About SS&C ALPS Advisors
SS&C ALPS Advisors, Inc., a wholly-owned subsidiary of
SS&C Technologies, Inc., is a leading provider of investment
products for advisors and institutions. Headquartered in
Denver, CO with $18.5 billion under management as of June 30, 2021, ALPS Advisors is an open
architecture boutique investment manager offering portfolio
building blocks, active insight, and an unwavering drive to guide
clients to investment outcomes across sustainable income, thematic
and alternative growth strategies. For more information, visit
www.alpsfunds.com.
View original
content:https://www.prnewswire.com/news-releases/ssc-alps-advisors-announces-fee-reduction-on-alerian-energy-infrastructure-etf-enfr-301327533.html
SOURCE SS&C/ALPS
