List of No Underlying Index ETFs: FKnol.com

A special category of exchange traded funds exist under which the ETFs don't follow any particular underlying index or a benchmark index. Such ETFs are called the No Underlying Index ETF.
ETFs are traditionally known to be based on a particular index, and are expected to track them and match their performance. However, as the field of ETFs evolved, all sorts of combinations emerged in the market. The No Underlying Index ETF belong to the class of actively managed ETFs, and their investments may span across a wide variety of asset classes like equity, fixed income, commodities, alternatives and currencies. (See more, List of Hedge Fund ETFs.)
They employ a diversified set of strategies to allocate capital to the various assets.
For instance, there are ETFs that are event-driven and invest in stocks of companies which are expected to undergo certain 'events', like a stock split or a rights issue, which usually leads to a significant move in stock prices. There are the No Underlying Index ETFs which may select stocks based on the qualifying parameters of momentum trading strategies, or look for arbitrage opportunities.
In a nutshell, if you are looking for an actively managed ETF that is not bound by the performance of any particular benchmark index, then a big variety of exchange traded funds are available to invest your money. One should keep any eye on the expense ratio of such No Underlying Index ETFs as they may be significantly higher than the passively-managed index-based ETFs, and should understand the inherent risks that may come attached to such investments. (See also, List of Alternatives ETFs.)
Following is the list of all 261 exchange-traded funds that FKnol has in its database for ETFs which belong to the No Underlying Index category:

All No Underlying Index ETFs

List of All No Underlying Index ETFs

Ticker	Name	Short Description	Expense Ratio	No. of Holdings	Dividend Frequency	Category
VFLQ	Vanguard US Liquidity Factor ETF	VFLQ is an actively managed fund that invests in US equities with low trading liquidity. The fund seeks long-term capital appreciation. ...Full Details	0.13%	873	Quarterly	All Cap Equities
VFMO	Vanguard US Momentum Factor ETF	VFMO is an actively managed fund that invests in large-, mid-, and small-cap US stocks with high momentum. The fund seeks long-term capital appreciation. ...Full Details	0.13%	622	Quarterly	All Cap Equities
VFMV	Vanguard US Minimum Volatility ETF	VFMV is an actively managed fund that invests in large-, mid-, and small-cap US stocks with low volatility. The fund seeks long-term capital appreciation. ...Full Details	0.13%	195	Quarterly	All Cap Equities
VFQY	Vanguard US Quality Factor ETF	The Vanguard U.S. Quality Factor ETF is an actively managed fund of US equities featuring strong fundamentals. The fund seeks long-term capital appreciation. ...Full Details	0.13%	635	Quarterly	All Cap Equities
VFVA	Vanguard US Value Factor ETF	The Vanguard U.S. Value Factor ETF is an actively managed fund of US equities with lower share prices relative to fundamental values, as determined by the manager. The fund seeks long-term capital appreciation. ...Full Details	0.13%	792	Quarterly	All Cap Equities
VFMF	Vanguard US Multifactor ETF	VFMF is an actively managed fund that invests in US equities exhibiting value, momentum, quality, and low volatility factors. The fund seeks long-term capital appreciation. ...Full Details	0.18%	564	Quarterly	All Cap Equities
INKM	SPDR SSgA Income Allocation ETF	The SPDR SSgA Income Allocation ETF is an actively managed, income-focused ETF of domestic and international ETFs with exposure to equities, investment-grade and high-yield debt, preferred stocks and REITs. ...Full Details	0.5%	15	Quarterly	All Cap Equities
RFFC	RiverFront Dynamic US Flex-Cap ETF	The RiverFront Dynamic US Flex-Cap ETF is an actively managed fund of stocks selected on the basis of multiple factors such as value, quality, and momentum. ...Full Details	0.52%	128	Monthly	All Cap Equities
ACT	AdvisorShares Vice ETF	ACT is an actively managed fund that invests in US companies involved in alcohol-, cannabis-, or tobacco-related activities. ...Full Details	0.75%	37	Annually	All Cap Equities
ARKK	ARK Innovation ETF	The ARK Innovation ETF is an actively managed fund that targets companies poised to benefit from disruptive innovation in one of three areas: industrial innovation, genomics or Web x.0. ...Full Details	0.75%	44	Annually	All Cap Equities
FTHI	First Trust BuyWrite Income ETF	The First Trust BuyWrite Income ETF is an actively managed portfolio of US large-cap stocks, with an overlay of short calls on the S&P 500. ...Full Details	0.85%	102	Monthly	All Cap Equities
FTLB	First Trust Hedged BuyWrite Income ETF	The First Trust Hedged BuyWrite Income ETF is an actively managed portfolio of US large-cap stocks, with an options overlay of short calls and long puts on the S&P 500. ...Full Details	0.85%	102	Monthly	All Cap Equities
FDIV	First Trust Strategic Income ETF	The First Trust Strategic Income ETF seeks income across a broad range of assets, including high-yield bonds, bank loans, preferred stock, MBSs, MLPs, dividend-paying equity and sovereign debt. The actively managed fund allocates to multiple managers. ...Full Details	0.88%	81	Monthly	All Cap Equities
EMLP	First Trust North American Energy Infrastructure Fund	The First Trust North American Energy Infrastructure ETF is an actively managed fund that invests in North American energy infrastructure MLPs and LLCs. ...Full Details	0.95%	62	Quarterly	All Cap Equities
FFHG	FormulaFolios Hedged Growth ETF	The FormulaFolios Hedged Growth ETF is an actively managed fund-of-funds that seeks capital appreciation via a tactical approach. The fund holds ETFs tracking broad-based US equities (including leveraged or inverse equity) and US Treasurys. ...Full Details	1.16%	9	Quarterly	All Cap Equities
EMMF	WisdomTree Emerging Markets Multifactor Fund	The WisdomTree Emerging Markets Multifactor Fund is an actively managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure. The fund seeks capital appreciation. ...Full Details	0.48%	197	Quarterly	Asia Pacific Equities
RFAP	First Trust RiverFront Dynamic Asia Pacific ETF	The First Trust RiverFront Dynamic Asia Pacific ETF is an actively-managed fund that seeks capital appreciation from developed Asia-Pacific stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. ...Full Details	0.83%	123	Quarterly	Asia Pacific Equities
FCAL	First Trust California Municipal High Income ETF	The First Trust California Municipal High Income ETF is an actively managed fund that targets fixed income securities of various maturities and credit ratings, with interest income that is exempted from federal and California state income tax. ...Full Details	0.5%	86	Monthly	California Munis
COMB	GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF	The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF seeks to outperform a broad commodity market index through active management of the fund’s collateral. The index includes futures contracts on up to 24 different commodities. ...Full Details	0.25%	25	Annually	Commodities
CMDY	iShares Bloomberg Roll Select Commodity Strategy ETF	The iShares Roll Select Commodity Strategy ETF is an actively managed fund that holds futures contracts on a roll-cost optimized broad market commodity index. ...Full Details	0.28%	0	Annually	Commodities
BCD	ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF	The ETFS Bloomberg All Commodity Longer Dated K-1 Free Strategy ETF seeks to outperform a broad-market commodity index through the active management of the fund’s collateral. The index includes longer-dated futures contracts on up to 26 commodities. ...Full Details	0.29%	22	Annually	Commodities
BCI	ETFS Bloomberg All Commodity Strategy K-1 Free ETF	The ETFS Bloomberg All Commodity K-1 Free Strategy ETF seeks to outperform a broad-market commodity index through the active management of the fund’s collateral. The index includes 26 commodity futures with maturities of 1-3 months. ...Full Details	0.29%	22	Annually	Commodities
COMG	GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF	The GraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF seeks to outperform a broad commodity market index through active management of the fund’s collateral. The index includes futures contracts on 24 different commodities. ...Full Details	0.35%	23	Annually	Commodities
COMT	iShares Commodities Select Strategy ETF	The iShares Commodities Select Strategy ETF is an actively-managed fund with exposure to commodities and commodity, natural resources and energy equities. ...Full Details	0.48%	196	Quarterly	Commodities
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	The Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF holds a diverse basket of commodity futures and aims to mitigate negative roll yield in its contract selection. The fund is structured as an ETF and is actively managed. ...Full Details	0.59%	14	Annually	Commodities
COM	Direxion Auspice Broad Commodity Strategy ETF	The Direxion Auspice Broad Commodity Strategy ETF is an actively managed fund that aims to outperform a broad-market index of commodity futures. The index consists of 12 commodities, weighted by volatility, that can toggle to cash based on momentum. ...Full Details	0.7%	5	Quarterly	Commodities
FUT	ProShares Managed Futures Strategy ETF	The ProShares Managed Futures Strategy ETF provides exposure to commodity, currency and Treasury futures, weighted by risk contribution to the portfolio. Price momentum determines whether the actively-managed fund takes long or short positions in each contract. ...Full Details	0.75%	21	Quarterly	Commodities
SDCI	USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	SDCI is a broad-market commodity fund that holds an equally weighted portfolio of 14 commodity futures contracts. Contracts are chosen for optimal backwardation and price momentum. ...Full Details	0.8%	0	Annually	Commodities
FAAR	First Trust Alternative Absolute Return Strategy Fund	The First Trust Alternative Absolute Return Strategy ETF is an actively-managed fund that, through a subsidiary, provides broad long/short exposure to commodity futures contracts. ...Full Details	0.95%	21	Quarterly	Commodities
FTGC	First Trust Global Tactical Commodity Strategy Fund	The First Trust Global Tactical Commodity Strategy Fund is an actively managed fund that, through a subsidiary, provides broad exposure to commodities through futures contracts. The fund is structured as a 1940 Act open-ended fund. ...Full Details	0.95%	12	Quarterly	Commodities
BDRY	Breakwave Dry Bulk Shipping ETF	The Breakwave Dry Bulk Shipping ETF tracks an index of long-only exposure to the nearest calendar quarter of dry bulk freight futures contracts on specified indexes. ...Full Details	3.5%	0	Annually	Commodities
IEDI	iShares Evolved US Discretionary Spending ETF	The iShares Evolved U.S. Discretionary Spending ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the discretionary spending sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details	0.18%	230	Annually	Consumer Discretionary Equities
IEME	iShares Evolved US Media and Entertainment ETF	The iShares Evolved U.S. Media and Entertainment ETF is an actively managed, market-cap weighted, fund of large-, mid-, and small-cap US stocks in the media and entertainment sector according to an alternative classification system defined by machine learning algorithms. ...Full Details	0.18%	83	Annually	Consumer Discretionary Equities
IECS	iShares Evolved US Consumer Staples ETF	The iShares Evolved U.S. Consumer Staples ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the consumer staples sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details	0.18%	128	Annually	Consumer Staples Equities
ICSH	iShares Ultra Short-Term Bond ETF	The actively managed iShares Ultra Short-Term Bond ETF invests in ultra-short-term investment-grade fixed-and floating-rate government or corporate securities to achieve weighted-average portfolio maturity of less than 180 days. ...Full Details	0.08%	150	Monthly	Corporate Bonds
JIGB	JPMorgan Corporate Bond Research Enhanced ETF	JIGB provides actively-managed exposure primarily to investment grade, USD-denominated corporate bonds. It aligns risk traits with those of the Bloomberg Barclays US Corporate Bond Index. ...Full Details	0.14%	245	Monthly	Corporate Bonds
IGBH	iShares Interest Rate Hedged Long-Term Corporate Bond ETF	The iShares Interest Rate Hedged Long-Term Corporate Bond ETF is an actively managed fund (albeit in name only) that holds the iShares Long-Term Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. ...Full Details	0.16%	2	Monthly	Corporate Bonds
LQDH	iShares Interest Rate Hedged Corporate Bond ETF	The iShares Interest Rate Hedged Corporate Bond ETF is an actively managed fund-of-funds that targets USD-denominated investment corporate bonds while mitigating duration risk. ...Full Details	0.24%	2	Monthly	Corporate Bonds
GSY	Invesco Ultra Short Duration ETF	The Invesco Ultra Short Duration ETF seeks to outperform the Barclays Capital 1-3 Month U.S. Treasury Bill Index and to provide maximum current income. ...Full Details	0.25%	144	Monthly	Corporate Bonds
RAVI	FlexShares Ready Access Variable Income Fund	The FlexShares Ready Access Variable Income ETF is an actively managed fund that invests in investment-grade public and private debt both domestically and abroad. ...Full Details	0.25%	143	Monthly	Corporate Bonds
IG	Principal Investment Grade Corporate Active ETF	The Principal Investment Grade Corporate Active ETF is an actively managed fund that seeks to provide current income by selecting investment-grade, USD-denominated bonds of any maturity. ...Full Details	0.26%	173	Annually	Corporate Bonds
HSRT	Hartford Short Duration ETF	The Hartford Short Duration ETF is an actively managed fund that aims to provide current income and long-term growth by holding a wide range of fixed income securities with a dollar-weighted average duration target of less than 3 years. ...Full Details	0.29%	213	Monthly	Corporate Bonds
FLCO	Franklin Liberty Investment Grade Corporate ETF	The Franklin Liberty Investment Grade Corporate ETF is an actively-managed fund that uses a combined top-down and bottom-up approach to select investment-grade USD-denominated bonds without a duration target. ...Full Details	0.35%	63	Monthly	Corporate Bonds
VNLA	Janus Short Duration Income ETF	The Janus Henderson Short Duration Income ETF is an actively-managed fixed income fund that aims to outperform the LIBOR 3-month rate by holding a wide range of fixed income securities with an aggregate duration target of 0-2 years. ...Full Details	0.35%	185	Monthly	Corporate Bonds
FCOR	Fidelity Corporate Bond ETF	The Fidelity Corporate Bond ETF is an actively managed USD corporate bond fund. It aims to have similar interest-rate risk as the Barclays US Credit Bond Index. ...Full Details	0.36%	231	Monthly	Corporate Bonds
LSST	Natixis Short Duration Income ETF	The Natixis Loomis Sayles Short Duration Income ETF is an actively managed fund that seeks current income and capital preservation by selecting a wide range of short-duration fixed income securities. ...Full Details	0.38%	207	Monthly	Corporate Bonds
ARCM	Arrow Reserve Capital Management ETF	The Arrow Reserve Capital Management ETF is an actively managed fund that seeks to preserve capital and maximize income potential by investing in investment-grade, short-term debt securities. ...Full Details	0.42%	72	Monthly	Corporate Bonds
KORP	American Century Diversified Corporate Bond ETF	The American Century Diversified Corporate Bond ETF is an actively managed, U.S. denominated portfolio of corporate debt securities and investments. The fund seeks current income. ...Full Details	0.45%	106	Monthly	Corporate Bonds
FFIU	Fieldstone-UVA Unconstrained Medium-Term Fixed Income ETF	The Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF is an actively managed portfolio of a broad array of fixed income securities that aims to provide capital protection with returns similar to market yields for the given credit quality and duration. ...Full Details	0.5%	123	Monthly	Corporate Bonds
RFCI	RiverFront Dynamic Core Income ETF	The RiverFront Dynamic Core Income ETF is an actively managed portfolio with broad latitude to invest in various fixed income securities in almost any sector, maturity or credit quality, targeting total return with a five-year investment timeline. ...Full Details	0.52%	357	Monthly	Corporate Bonds
EMCB	WisdomTree Emerging Markets Corporate Bond Fund	The WisdomTree Emerging Markets Corporate Bond Fund is an actively managed ETF with a focus on investment- and non-investment-grade corporate debt of emerging-market countries. The fund manager may invest using derivatives. ...Full Details	0.6%	94	Monthly	Corporate Bonds
EMTL	SPDR DoubleLine Emerging Markets Fixed Income ETF	The SPDR DoubleLine Emerging Markets Fixed Income ETF is actively managed and has broad capabilities to invest in investment grade and high-yield emerging market debt. ...Full Details	0.65%	86	Monthly	Corporate Bonds
FFTI	FormulaFolios Income ETF	The FormulaFolios Tactical Income ETF is an actively managed, global fixed income ETF-of-ETFs. The fund selects from five major fixed income asset classes with a proprietary model driven by yield spreads and price momentum. ...Full Details	1.05%	8	Monthly	Corporate Bonds
FXY	Invesco CurrencyShares Japanese Yen Trust	The Invesco CurrencyShares Japanese Yen Trust tracks the changes in value of the Japanese yen relative to the US dollar. ...Full Details	0.4%	1	Monthly	Currency
BZF	WisdomTree Brazilian Real Fund	The WisdomTree Brazilian Real Strategy ETF delivers exposure to changes in the value of the Brazilian real relative to the US dollar as well as real money market rates. ...Full Details	0.45%	1	Annually	Currency
CYB	WisdomTree Chinese Yuan Fund	The WisdomTree Chinese Yuan Strategy ETF delivers exposure to the value of the Chinese renminbi relative to the US dollar as well as Chinese money market rates. ...Full Details	0.45%	1	Annually	Currency
USDU	WisdomTree Bloomberg US Dollar Bullish Fund	The WisdomTree Bloomberg US Dollar Bullish Fund is an actively managed ETF that goes long the US dollar against a basket of global currencies from developed as well as emerging markets. ...Full Details	0.5%	12	Annually	Currency
CEW	WisdomTree Emerging Currency Fund	The WisdomTree Emerging Currency Strategy ETF tracks the change of money market rates and value of currencies of select emerging-market countries relative to the US dollar. ...Full Details	0.55%	12	Annually	Currency
GAL	SPDR SSgA Global Allocation ETF	The SPDR SSgA Global Allocation ETF is an actively managed fund of funds that seeks to provide the majority of its returns from capital gains by investing across asset classes. ...Full Details	0.35%	22	Quarterly	Diversified Portfolio
PSMG	Invesco Growth Multi-Asset Allocation ETF	The Invesco Growth Multi-Asset Allocation Portfolio ETF is an actively managed fund-of-funds that seeks long-term capital appreciation through growth investment while maintaining maximum diversification. ...Full Details	0.36%	15	Annually	Diversified Portfolio
PSMC	Invesco Conservative Multi-Asset Allocation ETF	The Invesco Conservative Multi-Asset Allocation ETF is an actively managed fund-of-funds that seeks strong total returns over a full market cycle while maintaining a conservative risk profile relative to the stock market. ...Full Details	0.37%	14	Annually	Diversified Portfolio
PSMM	Invesco Moderately Conservative Multi-Asset Allocation ETF	The Invesco Moderately Conservative Multi-Asset Allocation ETF is an actively managed fund-of-funds that seeks to provide income and capital appreciation with a somewhat lower risk profile than the stock market. ...Full Details	0.38%	16	Annually	Diversified Portfolio
PSMB	Invesco Balanced Multi-Asset Allocation ETF	The Invesco Balanced Multi-Asset Allocation Portfolio is a global, actively managed “fund of funds” holding both equity and fixed income products with an aim for capital appreciation and current income. ...Full Details	0.39%	16	Annually	Diversified Portfolio
TAIL	Cambria Tail Risk ETF	The Cambria Tail Risk ETF is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. ...Full Details	0.59%	2	Quarterly	Diversified Portfolio
OCIO	ClearShares OCIO ETF	The ClearShares OCIO ETF is an actively managed fund of funds that seeks to outperform a 60/40 blended benchmark by over or under weighting across a broad range of asset classes. ...Full Details	0.67%	37	Annually	Diversified Portfolio
FFSG	FormulaFolios Smart Growth ETF	The FormulaFolios Smart Growth ETF is an actively managed fund of funds. The portfolio allocates between growth-oriented US and international stock ETFs, including emerging markets and REITs, and can hold US Treasurys to protect against equity ...Full Details	0.7%	7	Annually	Diversified Portfolio
RAAX	VanEck Vectors Real Asset Allocation ETF	The VanEck Vectors Real Asset Allocation ETF is an actively managed fund of funds that seeks to maximize long-term real returns. It invests in ETPs with exposure to “real assets”, such as real estate, commodities, natural resources, or infrastructure, and may hold up to 100% cash or equivalents. ...Full Details	0.74%	8	Annually	Diversified Portfolio
CWAI	CWA Income ETF	The CWA Income ETF is an actively managed fund that seeks total return by investing in fixed income and equity securities without geographic restriction. Equity exposure is capped at 20%. ...Full Details	0.75%	51	Monthly	Diversified Portfolio
DRSK	Aptus Defined Risk ETF	The Aptus Defined Risk ETF is an actively managed fund that combines US corporate bond exposure with an overlay of call options on US large-cap stocks. The fund seeks income and capital appreciation. ...Full Details	0.78%	8	Quarterly	Diversified Portfolio
JPED	JPMorgan Event Driven ETF	The JPMorgan Event Driven ETF is an actively managed fund of developed-market equities and equity derivatives that are impacted by current or anticipated events. The fund seeks positive returns with low correlation to traditional markets. ...Full Details	0.85%	0	Monthly	Diversified Portfolio
FFTG	FormulaFolios Tactical Growth ETF	The FormulaFolios Tactical Growth ETF is an actively managed fund of funds. The fund takes equal-weighted positions in three broad asset classes with the strongest positive price momentum. In the absence of positive price momentum, the fund may hold short-term US Treasurys. ...Full Details	1.04%	5	Annually	Diversified Portfolio
WBIH	WBI Bull\|Bear Global High Income ETF	WBIH offers an actively managed income-oriented portfolio with a broad range of asset choices to meet its objective of income generation with downside risk protection. The fund caps high-yield bond exposure at 80%. ...Full Details	1.21%	22	Monthly	Diversified Portfolio
WBIR	WBI Bull\|Bear Global Rotation ETF	WBI Tactical Rotation Shares is an actively managed fund-of-funds that aims to acheive long term-capital appreciation with principal protection during unfavorable market conditions through tactical allocation across asset classes. ...Full Details	1.59%	10	Quarterly	Diversified Portfolio
DWAT	Arrow DWA Tactical ETF	The Arrow DWA Tactical ETF is an actively managed multi-asset fund-of-funds that primarily aims for capital appreciation with capital preservation as its secondary objective. ...Full Details	1.72%	11	Annually	Diversified Portfolio
DALT	Anfield Capital Diversified Alternatives ETF	The Anfield Capital Diversified Alternatives ETF is an actively managed fund-of-funds utilizing a tactical approach to four broad asset classes—equity, fixed income, commodities, and alternatives—with the goal of capital growth and income over full market cycles. ...Full Details	2.41%	26	Monthly	Diversified Portfolio
CEFS	Saba Closed-End Funds ETF	The Saba Closed-End Funds ETF is an actively managed fund-of-funds that seeks to generate high income by investing in closed-end funds trading at a discount to net asset value and hedging for duration risk. ...Full Details	2.62%	8	Monthly	Diversified Portfolio
FCEF	First Trust CEF Income Opportunity ETF	The First Trust CEF Income Opportunity ETF is an actively managed ETF that holds closed-end funds to get exposure to U.S. and non-U.S. equity, fixed income securities, and commodities. The fund's primary objective is to provide current income. ...Full Details	2.78%	49	Monthly	Diversified Portfolio
EMBH	iShares Interest Rate Hedged Emerging Markets Bond ETF	The iShares Interest Rate Hedged Emerging Markets Bond ETF is an actively managed fund (albeit in name only) that holds the iShares J.P. Morgan USD Emerging Markets Bond (EMB), and uses derivatives to hedge interest-rate risk. ...Full Details	0.48%	2	Monthly	Emerging Markets Bonds
ELD	WisdomTree Emerging Markets Local Debt Fund	The WisdomTree Emerging Markets Local Debt Fund is actively managed and invests in both investment- and noninvestment-grade government and corporate bonds denominated in local currencies. ...Full Details	0.55%	127	Monthly	Emerging Markets Bonds
SOVB	Cambria Sovereign High Yield Bond ETF	The Cambria Sovereign Bond ETF is an actively managed fund that provides exposure to sovereign and quasi-sovereign high yield bonds. ...Full Details	0.59%	46	Quarterly	Emerging Markets Bonds
FEMB	First Trust Emerging Markets Local Currency Bond ETF	First Trust Emerging Markets Local Currency Bond ETF is an actively managed fund that invests in a broad range of bonds issued by emerging market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies. ...Full Details	0.85%	40	Monthly	Emerging Markets Bonds
DGRE	WisdomTree Emerging Markets Dividend Growth Fund	The WisdomTree Emerging Markets Quality Dividend Growth ETF tracks a dividend-weighted index of emerging market growth stocks. ...Full Details	0.32%	253	Quarterly	Emerging Markets Equities
EMCG	WisdomTree Emerging Markets Consumer Growth Fund	The WisdomTree Emerging Markets Consumer Growth Fund tracks a fundamentally selected and weighted index of consumer companies in emerging markets that exhibit growth trends. ...Full Details	0.32%	215	Quarterly	Emerging Markets Equities
RFEM	First Trust RiverFront Dynamic Emerging Markets ETF	The First Trust RiverFront Dynamic Emerging Markets ETF is an actively managed fund that seeks capital appreciation from emerging market stocks using a factor approach. The manager has discretion to hedge currency exposure up to 100% of the portfolio. ...Full Details	0.95%	106	Quarterly	Emerging Markets Equities
RFEU	First Trust RiverFront Dynamic Europe ETF	The First Trust RiverFront Dynamic Europe ETF is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. ...Full Details	0.83%	130	Quarterly	Europe Equities
IEFN	iShares Evolved US Financials ETF	The iShares Evolved U.S. Financials ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the financial sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details	0.18%	254	Annually	Financials Equities
DFNL	Davis Select Financial ETF	The Davis Select Financial ETF is an actively managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. ...Full Details	0.65%	30	Annually	Financials Equities
DWMF	WisdomTree International Multifactor Fund	The WisdomTree International Multifactor Fund is an actively managed portfolio of equities from developed economies outside of the US. Holdings are selected for exhibiting characteristics of multiple factors. ...Full Details	0.38%	193	Quarterly	Foreign Large Cap Equities
MVIN	Natixis Seeyond International Minimum Volatility ETF	The Natixis Seeyond International Minimum Volatility ETF is an actively-managed fund which seeks long-term capital appreciation with lower volatility than typically experienced by international equity markets. ...Full Details	0.55%	96	Semi-Annually	Foreign Large Cap Equities
TTAI	TrimTabs All Cap International Free-Cash-Flow ETF	The TrimTabs All Cap International Free-Cash-Flow ETF aims to outperform a broad, developed-market ex-US equity index. The actively managed fund selects stocks based on trends in outstanding shares, firm leverage, and free cash flow. ...Full Details	0.59%	90	Annually	Foreign Large Cap Equities
FLIO	Franklin Liberty International Opportunities ETF	Franklin Liberty International Opportunities ETF is an actively managed fund that invests in companies in developed, emerging and frontier markets outside of the US across the entire market-capitalization spectrum. ...Full Details	0.6%	134	Annually	Foreign Large Cap Equities
HDMV	First Trust Horizon Managed Volatility Developed International ETF	The First Trust Horizons Managed Volatility Developed International ETF is an active fund of low expected volatility mid- and large-cap stocks from developed markets. ...Full Details	0.8%	174	Quarterly	Foreign Large Cap Equities
RFDI	First Trust RiverFront Dynamic Developed International ETF	The First Trust RiverFront Dynamic Developed International ETF is an actively-managed fund that seeks capital appreciation from developed-country stocks (excluding the US) selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio. ...Full Details	0.83%	248	Quarterly	Foreign Large Cap Equities
ARKQ	ARK Industrial Innovation ETF	The ARK Industrial Innovation ETF is an actively managed fund with a broad mandate to invest in companies that its managers identify as benefiting from automation and other technological advancements. ...Full Details	0.75%	40	Annually	Global Equities
AIIQ	AI Powered International Equity ETF	The AI Powered International Equity ETF is an actively managed fund of developed-market ex-US companies selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). ...Full Details	0.79%	133	Annually	Global Equities
DIVY	Reality Shares DIVS ETF	DIVY aims to deliver exposure to the dividend growth of stocks trading in the US, Europe and Japan. The actively managed fund relies on derivatives, and typically holds no stocks. ...Full Details	0.85%	0	Annually	Global Equities
AADR	AdvisorShares Dorsey Wright ADR ETF	The AdvisorShares Dorsey Wright ADR ETF is an actively managed ETF that aims to outperform the international market by holding ADRs with high Relative Strength. ...Full Details	0.89%	37	Quarterly	Global Equities
DWSH	AdvisorShares Dorsey Wright Short ETF	The AdvisorShares Dorsey Wright Short ETF is actively managed to achieve long-term capital appreciation by shorting US-listed large-cap companies exhibiting weak relative strength. ...Full Details	0.99%	0	Annually	Global Equities
FWDI	AdvisorShares Madrona International ETF	The AdvisorShares Madrona Forward International ETF is an actively managed fund of large, liquid ADRs selected and weighted based on Madrona Funds' proprietary investment process. ...Full Details	1.26%	87	Annually	Global Equities
VEGA	AdvisorShares STAR Global Buy-Write ETF	The AdvisorShares STAR Global Buy-Write ETF is an actively managed fund that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk. ...Full Details	2.05%	11	Annually	Global Equities
PRME	First Trust Heitman Global Prime Real Estate ETF	The First Trust Heitman Global Prime Real Estate ETF is an actively-managed portfolio of global REITs and real estate companies with holdings in high-value markets and properties. ...Full Details	0.95%	41	Quarterly	Global Real Estate
IEHS	iShares Evolved US Healthcare Staples ETF	IEHS tracks an index that offers US healthcare exposure as defined by the iShares Evolved Sector classification scheme. ...Full Details	0.18%	160	Annually	Health & Biotech Equities
IEIH	iShares Evolved US Innovative Healthcare ETF	IEIH tracks an index that offers US pharmaceutical and biotechnology exposure as defined by the iShares Evolved Sector classification scheme. ...Full Details	0.18%	199	Annually	Health & Biotech Equities
ARKG	ARK Genomic Revolution Multi-Sector ETF	The ARK Genomic Revolution Multi-Sector ETF is an actively managed fund that targets companies involved in the genomics industry. ...Full Details	0.75%	37	Annually	Health & Biotech Equities
RLY	SPDR SSgA Multi-Asset Real Return ETF	The SPDR SSgA Multi-Asset Real Return ETF is an actively managed fund that attempts to hedge against inflation by investing in funds with exposure to real estate, commodities, TIPS and natural resources companies. ...Full Details	0.5%	12	Quarterly	Hedge Fund
JPMF	JPMorgan Managed Futures Strategy ETF	JPMF is an actively managed fund that uses OTC derivatives and futures contracts to provide both long and short exposure to commodities, currencies, equities, and fixed income. ...Full Details	0.59%	0	Annually	Hedge Fund
WTMF	WisdomTree Managed Futures Strategy Fund	The WisdomTree Managed Futures Strategy Fund is actively managed to provide positive returns in rising and falling markets. The fund seeks to emulate the returns of an index that takes long and short positions in currency, commodity, and Treasury futures. ...Full Details	0.65%	25	Annually	Hedge Fund
GDMA	Gadsden Dynamic Multi-Asset ETF	GDMA is an actively managed portfolio that may hold any asset class. The fund seeks total return. ...Full Details	0.71%	15	Annually	Hedge Fund
FMF	First Trust Morningstar Managed Futures Strategy Fund	The First Trust Morningstar Managed Futures Strategy Fund seeks positive returns uncorrelated with major asset classes. The actively managed fund uses futures in commodity (50%), currency (25%) and equity (25%) indexes. ...Full Details	0.95%	36	Quarterly	Hedge Fund
LALT	Invesco Multi-Strategy Alternative ETF	The Invesco Multi-Strategy Alternative Portfolio Fund seeks positive total returns that are uncorrelated with the major asset classes. The fund is actively managed, but uses its index as a reference for which strategies to follow while also seeking to outperform it. ...Full Details	0.98%	89	Annually	Hedge Fund
GMOM	Cambria Global Momentum ETF	The Cambria Global Momentum ETF is an actively managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income. ...Full Details	1.07%	18	Quarterly	Hedge Fund
FLHY	Franklin Liberty High Yield Corporate ETF	The Franklin Liberty High Yield Corporate ETF is actively managed portfolio of global high-yield corporate debt. The fund seeks high current income, with capital appreciation as a secondary goal. ...Full Details	0.4%	96	Monthly	High Yield Bonds
JPHY	JPMorgan Disciplined High Yield ETF	The JPMorgan Disciplined High Yield ETF is an actively managed fund that invests in a wide array of USD-denominated high-yield securities including corporate debts, convertible securities, preferred stocks, and floating-rate instruments. ...Full Details	0.4%	432	Monthly	High Yield Bonds
FDHY	Fidelity High Yield Factor ETF	The Fidelity High Yield Factor ETF is an actively managed fund using a quantitative screen to select high-yield bonds issued by US and foreign corporations. The fund seeks a high level of income, and may also seek capital appreciation. ...Full Details	0.45%	123	Monthly	High Yield Bonds
RIGS	RiverFront Strategic Income Fund	The RiverFront Strategic Income Fund is an actively managed global fixed-income portfolio that invests in various types of fixed-income securities without currency limitation. ...Full Details	0.47%	117	Monthly	High Yield Bonds
RFUN	RiverFront Dynamic Unconstrained Income ETF	The RiverFront Dynamic Unconstrained Income ETF is an actively managed portfolio with broad latitude to invest in various fixed income securities in almost any sector, maturity or credit quality, targeting total return with a five-year investment timeline. ...Full Details	0.52%	168	Monthly	High Yield Bonds
HYGH	iShares Interest Rate Hedged High Yield Bond ETF	The iShares Interest Rate Hedged High Yield Bond ETF is an actively managed fund-of-funds that targets USD-denominated corporate high-yield bonds while mitigating interest-rate risk. ...Full Details	0.54%	2	Monthly	High Yield Bonds
JPGB	JPMorgan Global Bond Opportunities ETF	The JPMorgan Global Bond Opportunities ETF seeks to provide total return through the active management of a broad based, broad maturity bond portfolio reaching sectors in both developed and emerging markets around the world. ...Full Details	0.55%	333	Monthly	High Yield Bonds
YLD	Principal EDGE Active Income ETF	The Principal EDGE Active Income ETF is an actively managed fund which seeks to provide current income through exposure to global equities, investment-grade and high-yield debt, MBS/ABS, preferred stock, MLPs and REITs. ...Full Details	0.65%	153	Monthly	High Yield Bonds
SRLN	SPDR Blackstone- GSO Senior Loan ETF	The SPDR Blackstone/GSO Senior Loan ETF provides actively managed exposure to noninvestment-grade, floating-rate senior secured debt of US and non-US corporations that resets in 3 months or less. ...Full Details	0.7%	6	Monthly	High Yield Bonds
BLHY	Virtus Newfleet Dynamic Credit ETF	The Virtus Newfleet Dynamic Credit ETF is an actively managed fund with extremely broad capabilities, and a mandate of generating income and capital appreciation, as well as hedging against rising interest rates. ...Full Details	0.71%	190	Monthly	High Yield Bonds
FTSL	First Trust Senior Loan Exchange-Traded Fund	The First Trust Senior Loan Fund holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities. ...Full Details	0.88%	48	Monthly	High Yield Bonds
HYLS	First Trust Tactical High Yield ETF	The First Trust Tactical High Yield ETF is an actively managed fund holding up to 130% in long positions in high yield bonds it expects to outperform, and up to 30% short positions in issues it expects to underperform. ...Full Details	1.1%	196	Monthly	High Yield Bonds
WBII	WBI Bull\|Bear Global Income ETF	WBII offers an actively managed income-oriented portfolio with a broad range of asset choices to meet its objective of income generation with downside risk protection. The fund caps high-yield bond exposure at 40%. ...Full Details	1.17%	9	Monthly	High Yield Bonds
HYLD	AdvisorShares Peritus High Yield ETF	The High Yield ETF seeks to generate high current income, with a secondary goal of capital appreciation, via high-yield debt securities. ...Full Details	1.25%	57	Monthly	High Yield Bonds
LQDI	iShares Inflation Hedged Corporate Bond ETF	LQDI is an actively managed fund that holds an investment-grade corporate bond ETF while using swaps to hedge inflation risk. ...Full Details	0.2%	2	Monthly	Inflation-Protected Bonds
FLIA	Franklin Liberty International Aggregate Bond ETF	FLIA is an actively managed fund that invests in government, agency, and corporate debt outside of the United States. The fund can invest up to 20% of the portfolio in high-yield bonds and uses derivatives. ...Full Details	0.35%	31	Monthly	International Government Bonds
ALD	WisdomTree Asia Local Debt Fund	The WisdomTree Asia Local Debt ETF is an actively managed debt portfolio of investment-grade and high yield securities issued by Asian countries (excluding Japan) denominated in the local currencies. ...Full Details	0.55%	51	Monthly	International Government Bonds
VESH	Virtus Enhanced Short US Equity ETF	VESH-US ...Full Details	0.55%	1	Annually	Inverse Equities
HDGE	AdvisorShares Ranger Equity Bear ETF	The AdvisorShares Ranger Equity Bear attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies. ...Full Details	2.86%	40	Annually	Inverse Equities
VMIN	REX VolMAXX Short VIX Futures Strategy ETF	The REX VolMAXX Short VIX Futures Strategy ETF provides inverse exposure to VIX futures with 2-6 months remaining to expiry. The fund is actively managed. ...Full Details	3.46%	1	Annually	Inverse Volatility
PQLC	PGIM QMA Strategic Alpha Large-Cap Core ETF	PQLC is an actively managed portfolio of US large-cap stocks. The fund seeks long-term growth of capital. ...Full Details	0.17%	290	Annually	Large Cap Blend Equities
VGFO	Virtus WMC Global Factor Opportunities ETF	The Virtus Global Factor Opportunities ETF is an actively managed fund of global stocks. The fund seeks to outperform the global equity market over a full market cycle, with marketlike risk exposure. ...Full Details	0.49%	245	Annually	Large Cap Blend Equities
RFDA	RiverFront Dynamic US Dividend Advantage ETF	The RiverFront Dynamic US Dividend Advantage ETF is an actively-managed fund that invests in US-domiciled companies with higher dividend yields than their peers within the same sector, among other factors. ...Full Details	0.52%	127	Monthly	Large Cap Blend Equities
GDVD	Principal Active Global Dividend Income ETF	The Principal Active Global Dividend Income ETF is an actively managed fund of global dividend paying stocks. The fund seeks current income and long-term capital and income growth. ...Full Details	0.58%	65	Quarterly	Large Cap Blend Equities
SYE	SPDR MFS Systematic Core Equity ETF	The SPDR MFS Systematic Core Equity ETF holds large-cap US stocks that the manager (Massachusetts Financial Services) believes are undervalued and/or have high growth potential, based on fundamental and quantitative analysis. ...Full Details	0.6%	47	Quarterly	Large Cap Blend Equities
SYV	SPDR MFS Systematic Value Equity ETF	The SPDR MFS Systematic Value Equity ETF holds large-cap US stocks that the manager (Massachusetts Financial Services) believes are undervalued, based on fundamental and quantitative analysis. ...Full Details	0.6%	47	Quarterly	Large Cap Blend Equities
DUSA	Davis Select US Equity ETF	The Davis Select U.S. Equity ETF is an actively managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation. ...Full Details	0.65%	24	Annually	Large Cap Blend Equities
DWLD	Davis Select Worldwide ETF	The Davis Select Worldwide ETF is an actively managed portfolio of global equity. The fund seeks long-term growth of capital. ...Full Details	0.65%	36	Annually	Large Cap Blend Equities
ERM	EquityCompass Risk Manager ETF	The EquityCompass Risk Manager ETF is an actively managed, long-only fund that seeks to provide long-term capital appreciation with capital preservation as a secondary objective. ...Full Details	0.65%	151	Quarterly	Large Cap Blend Equities
TERM	EquityCompass Tactical Risk Manager ETF	The EquityCompass Tactical Risk Manager ETF is an actively managed fund that seeks to provide long-term capital appreciation with capital preservation as a secondary objective. ...Full Details	0.65%	151	Quarterly	Large Cap Blend Equities
DINT	Davis Select International ETF	The Davis Select International ETF is an actively managed portfolio of international stocks, from developed and emerging markets, selected based on prospects for long-term growth of capital. ...Full Details	0.75%	32	Annually	Large Cap Blend Equities
SECT	Main Sector Rotation ETF	The Main Sector Rotation ETF is an actively managed fund-of-funds that uses fundamental analysis to pursue a sector rotation strategy. The fund aims to outperform the S&P 500 while limiting losses during periods of decline, and may hold equities of any market cap or geographic exposure. ...Full Details	0.78%	12	Quarterly	Large Cap Blend Equities
TTFS	AdvisorShares Wilshire Buyback ETF	The AdvisorShares DoubleLine Value Equity ETF is an actively managed portfolio of US value stocks. The fund seeks long-term capital appreciation. ...Full Details	0.9%	101	Annually	Large Cap Blend Equities
DIVO	Amplify YieldShares CWP Dividend & Option Income ETF	The Amplify YieldShares CWP Dividend & Option Income ETF is an actively-managed ETF that aims to provide income by selecting stocks from the S&P 500 Index overlaid with a tactical call writing strategy. ...Full Details	0.96%	26	Quarterly	Large Cap Blend Equities
HECO	EcoLogical Strategy ETF	EcoLogical Strategy ETF is an actively managed fund comprising ecologically focused companies. The fund attempts to generate alpha by selecting sectors that management expects to outperform. ...Full Details	0.98%	42	Annually	Large Cap Blend Equities
WBIF	WBI Bull\|Bear Value 1000 ETF	WBI Tactical LCV Shares is an actively managed fund that focuses on large-cap value firms. The fund seeks long-term capital appreciation with reduced volatility during market declines. ...Full Details	1.04%	27	Quarterly	Large Cap Blend Equities
WBIL	WBI Bull\|Bear Quality 1000 ETF	The WBI Tactical LCQ Shares is an actively managed fund that invests primarily in global large-cap securities. The fund can also invest up to 20% of its assets in nearly anything the manager deems attractive. ...Full Details	1.05%	27	Quarterly	Large Cap Blend Equities
WBIE	WBI Bull\|Bear Rising Income 1000 ETF	WBI Tactical LCGD Shares is an actively managed fund that focuses on large-cap growth firms. The fund seeks long-term capital appreciation with reduced volatility during market declines. ...Full Details	1.06%	25	Quarterly	Large Cap Blend Equities
HUSE	US Equity Rotation Strategy ETF	The US Equity Rotation Strategy ETF is an actively managed fund that under- and overweights sectors based on the views of its portfolio managers. ...Full Details	1.13%	39	Annually	Large Cap Blend Equities
FWDD	AdvisorShares Madrona Domestic ETF	The AdvisorShares Madrona Forward Domestic ETF is an actively managed ETF holding U.S. equities weighted and selected according to consensus analyst estimates of earnings relative to price. ...Full Details	1.25%	480	Annually	Large Cap Blend Equities
QSY	WisdomTree US Quality Shareholder Yield Fund	The WisdomTree U.S. Quality Shareholder Yield Fund is actively managed using a model-based selection process. It aims to identify US large- and midcap stocks that provide a high total shareholder yield with quality characteristics. ...Full Details	0.38%	193	Quarterly	Large Cap Growth Equities
CACG	ClearBridge All Cap Growth ETF	The ClearBridge All Cap Growth ETF is an actively managed fund of global stocks and ADRs selected for above average long-term earnings and/or cash flow growth. ...Full Details	0.53%	87	Annually	Large Cap Growth Equities
LRGE	ClearBridge Large Cap Growth ESG ETF	The ClearBridge Large Cap Growth ESG ETF is an actively managed fund that seeks long-term capital appreciation. The fund focuses on global large-cap stocks with positive ESG attributes. ...Full Details	0.59%	45	Annually	Large Cap Growth Equities
TTAC	TrimTabs All Cap US Free-Cash-Flow ETF	The TrimTabs All Cap US Free-Cash-Flow ETF aims to outperform a broad US equity index. The actively-managed fund selects stocks based on trends in outstanding shares, firm leverage and free cash flow. ...Full Details	0.59%	99	Annually	Large Cap Growth Equities
SYG	SPDR MFS Systematic Growth Equity ETF	The SPDR MFS Systematic Growth Equity ETF holds large-cap US stocks that the manager (Massachusetts Financial Services) believes have high growth potential, based on fundamental and quantitative analysis. ...Full Details	0.6%	47	Quarterly	Large Cap Growth Equities
YLDE	ClearBridge Dividend Strategy ESG ETF	The ClearBridge Dividend Strategy ESG ETF is an actively managed fund that seeks income, growth of income, and long-term capital appreciation. The fund focuses on global large-cap stocks with attractive dividends and positive ESG attributes. ...Full Details	0.6%	53	Quarterly	Large Cap Growth Equities
AIEQ	AI Powered Equity ETF	The AI Powered Equity ETF is an actively managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). ...Full Details	0.75%	108	Quarterly	Large Cap Growth Equities
CWS	AdvisorShares Focused Equity ETF	The AdvisorShares Focused Equity ETF is an actively-managed ETF that aims to achieve long-term capital appreciation and outperform the S&P 500 Index by holding a focused group of US-listed stocks using proprietary models. ...Full Details	0.75%	26	Annually	Large Cap Growth Equities
ARKF	ARK Fintech Innovation ETF	The ARK Fintech Innovation ETF is an actively managed fund of stocks related to financial technology innovation. ...Full Details	0.75%	37	Annually	Large Cap Growth Equities
FMDG	Fieldstone Merlin Dynamic Large Cap Growth ETF	The Fieldstone Merlin Dynamic Large Cap Growth ETF is an actively managed fund of 25 large-cap US growth stocks expected to have above average long term earnings growth. ...Full Details	0.8%	26	Monthly	Large Cap Growth Equities
BKC	REX BKCM ETF	The REX BKCM ETF is actively managed to select global stocks that attempt to generate revenue from cryptocurrency-related and blockchain technology-related companies. ...Full Details	0.88%	38	Annually	Large Cap Growth Equities
CCOR	Cambria Core Equity ETF	The Cambria Core Equity ETF is an actively managed ETF that seeks capital appreciation and preservation with low correlation to the broad US equity market. The fund primarily holds dividend-paying large-cap stocks with an option collar overlay. ...Full Details	1.21%	49	Quarterly	Large Cap Growth Equities
WBIG	WBI Bull\|Bear Yield 1000 ETF	WBIG aims to outperform global large-cap equities by retaining upside, limiting downside and earning income. While targeting an 80% allocation to global large-caps, the actively managed fund has a broad mandate that includes MLPs, preferred stock and bonds. ...Full Details	1.04%	24	Monthly	Large Cap Value Equities
CROC	ProShares UltraShort Australian Dollar	The ProShares UltraShort Australian Dollar ETF uses futures contracts to provide (-2x) leveraged inverse exposure to the US dollar price of the Australian dollar. ...Full Details	1.03%	1	NA	Leveraged Currency
JPLS	JPMorgan Long-Short ETF	The JPMorgan Long/Short ETF is an actively managed fund that goes long and short equities based on exposure to attractive or unattractive return factors. The fund seeks long-term total return, and may hold OTC derivatives. ...Full Details	0.69%	0	Annually	Long-Short
PLCY	EventShares US Policy Alpha ETF	The EventShares U.S. Policy Alpha ETF is an actively managed fund that takes long and short positions in US companies that the advisor expects to change in value due to US government regulations, trade policies, and fiscal spending. ...Full Details	0.85%	41	Quarterly	Long-Short
JPHF	JPMorgan Diversified Alternatives ETF	The JPMorgan Diversified Alternatives ETF is an actively-managed fund that allocates assets across several strategies traditionally used by hedge funds: equity long/short, event driven, and global macro. ...Full Details	0.85%	1	Annually	Long-Short
GDG	Gadsden Dynamic Growth ETF	GDG is an actively managed portfolio comprising a strategic sleeve of global equity and a tactical sleeve of any asset class. The fund seeks total return. ...Full Details	0.88%	15	Annually	Long-Short
HTUS	Hull Tactical US ETF	The Hull Tactical US ETF aims for capital appreciation, regardless of market cycle, using long, short and leveraged positions in the S&P 500, along with cash. The actively managed fund primarily uses ETFs to gain exposure to the equity component of its portfolio. ...Full Details	0.96%	3	Annually	Long-Short
MSUS	LHA Market State US Tactical ETF	MSUS is an actively managed fund that provides variable exposure to US large-cap stocks, between 0 and 160%, by holding ETFs and futures contracts. The fund uses artificial intelligence to determine net exposure, and seeks risk-adjusted outperformance. ...Full Details	1.25%	2	Annually	Long-Short
FTLS	First Trust Long-Short Equity Fund	The First Trust Long/Short Equity ETF takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. ...Full Details	1.48%	136	Quarterly	Long-Short
BATT	Amplify Advanced Battery Metals and Materials ETF	BATT is an actively managed fund that invests global advanced battery material companies such as those that mine or produce lithium, cobalt, nickel, manganese, and graphite. ...Full Details	0.72%	44	Annually	Materials
WBID	WBI Bull\|Bear Quality 2000 ETF	The WBI Tactical SMS Shares ETF is an actively managed fund that invests globally in the bottom 90% of companies by market capitalization. The fund may also invest up to 20% of its assets in any securities deemed attractive. ...Full Details	1.06%	27	Quarterly	Mid Cap Blend Equities
WBIA	WBI Bull\|Bear Rising Income 2000 ETF	WBI Tactical SMGD Shares is an actively managed fund that focuses on small- and midcap growth firms. The fund seeks long-term capital appreciation with reduced volatility during market declines. ...Full Details	1.06%	28	Quarterly	Mid Cap Blend Equities
AMZA	InfraCap MLP ETF	The InfraCap MLP ETF is a complex, actively managed fund that invests in midstream MLPs that collect, process, store, or transport energy products. Structured as a C-corporation, the ETF pays taxes at the fund level. ...Full Details	1.93%	44	Monthly	MLPs
JPST	JPMorgan Ultra-Short Income ETF	The JPMorgan Ultra-Short Income ETF is an actively managed fund that aims to maximize income and preserve capital using USD-denominated debt securities with an effective duration of one year or less. ...Full Details	0.18%	111	Monthly	Money Market
JMBS	Janus Henderson Mortgage-Backed Securities ETF	The Janus Henderson Mortgage-Backed Securities ETF is an actively managed fund of mortgage-backed securities. The fund seeks a high level of total return. ...Full Details	0.35%	11	NA	Mortgage Backed Securities
LMBS	First Trust Low Duration Mortgage Opportunities ETF	The First Trust Low Duration Opportunities ETF is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. The fund may also take positions in US Treasury futures or options. ...Full Details	0.68%	1517	Monthly	Mortgage Backed Securities
NTSX	WisdomTree 90-60 US Balanced Fund	The WisdomTree 90/60 U.S. Balanced Fund is an actively managed portfolio of US equities and US Treasury futures contracts. ...Full Details	0.2%	438	Quarterly	na
MEAR	iShares Short Maturity Municipal Bond ETF	The iShares Short Maturity Municipal Bond ETF holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. ...Full Details	0.25%	85	Monthly	National Munis
HMOP	Hartford Municipal Opportunities ETF	The Hartford Municipal Opportunities ETF is actively managed to provide current income and long-term total return from a broad portfolio of municipal bonds. ...Full Details	0.29%	80	Monthly	National Munis
TAXF	American Century Diversified Municipal Bond ETF	The American Century Diversified Municipal Bond ETF is an actively managed portfolio of US municipal bonds. The fund seeks current income that is exempt from federal taxes. ...Full Details	0.29%	29	Annually	National Munis
FLMB	Franklin Liberty Municipal Bond ETF	The Franklin Liberty Municipal Bond ETF is an actively managed fund that invests primarily in investment-grade municipal bonds with a broad range in maturities. ...Full Details	0.3%	66	Monthly	National Munis
FLMI	Franklin Liberty Intermediate Municipal Opportunities ETF	The Franklin Liberty Intermediate Municipal Opportunities ETF is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. ...Full Details	0.3%	62	Monthly	National Munis
MMIN	IQ MacKay Shields Municipal Insured ETF	MMIN is an actively managed US municipal bond fund for insured, investment-grade securities of varying maturities. ...Full Details	0.3%	44	Monthly	National Munis
MMIT	IQ MacKay Shields Municipal Intermediate ETF	The IQ MacKay Municipal Intermediate ETF is actively managed to provide enhanced total-return potential by investing in investment-grade municipal bonds with maturities ranging between 3-10 years. ...Full Details	0.31%	61	Monthly	National Munis
MUNI	PIMCO Intermediate Municipal Bond Strategy Fund	The PIMCO Intermediate Municipal Bond Active ETF is an actively managed fund which provides tax exempt income by investing in high credit quality municipal bonds with maturities of 1-17 years. ...Full Details	0.35%	149	Monthly	National Munis
SMMU	Pimco Short Term Municipal Bond Fund	The PIMCO Short Term Municipal Bond Strategy Fund is an actively managed fund that provides tax-exempt income by investing in high-credit-quality short-term municipal bonds. ...Full Details	0.35%	88	Monthly	National Munis
FUMB	First Trust Ultra Short Duration Municipal ETF	FUMB is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation. ...Full Details	0.35%	63	Monthly	National Munis
HTAB	Hartford Schroders Tax-Aware Bond ETF	HTAB is an actively managed fund of US investment-grade debt selected for tax-efficient cash flow. Investments include both taxable and tax-free debt, and the fund uses derivatives to supplement its tax-efficient strategy. ...Full Details	0.39%	60	Monthly	National Munis
FSMB	First Trust Short Duration Managed Municipal ETF	FSMB is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation. ...Full Details	0.45%	70	Monthly	National Munis
FMB	First Trust Managed Municipal ETF	The First Trust Managed Municipal ETF is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure. ...Full Details	0.5%	519	Monthly	National Munis
FMHI	First Trust Municipal High Income ETF	The First Trust Municipal High Income ETF is an actively managed fund that holds a broad range of municipal bonds. ...Full Details	0.55%	86	Monthly	National Munis
CUMB	Virtus Cumberland Municipal Bond ETF	The Virtus Cumberland Municipal Bond ETF is an actively managed municipal bond fund that primarily uses a barbell strategy to obtain exposure to investment-grade, federal-income-tax-exempted securities. ...Full Details	0.59%	77	Quarterly	National Munis
BEF	ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free ETF	The ETFS Bloomberg Energy Longer Dated K-1 Free ETF seeks to outperform an energy futures index through the active management of the fund’s collateral. The index includes targeted exposure to energy futures contracts with maturities of 4-6 months. ...Full Details	0.39%	5	Annually	Oil & Gas
OILK	ProShares K-1 Free Crude Oil Strategy ETF	The ProShares K-1 Free Crude Oil ETF is an actively-managed fund of WTI crude oil futures with up to three months to expiration. ...Full Details	0.65%	1	Quarterly	Oil & Gas
IAUF	iShares Gold Strategy ETF	The iShares Gold Strategy ETF is actively managed to maximize correlation to an index that tracks the spot price of gold. ...Full Details	0.25%	2	Annually	Precious Metals
PREF	Principal Spectrum Preferred Securities Active ETF	The Principal Spectrum Preferred Securities Active ETF is an actively managed fund with a primary focus on $1000 par preferred securities. ...Full Details	0.55%	31	Monthly	Preferred Stock/Convertible Bonds
FPEI	First Trust Institutional Preferred Securities and Income ETF	The First Trust Institutional Preferred Securities and Income ETF is actively managed that seeks to provide current income and total return by investing in institutional preferred and income-producing debt securities. ...Full Details	0.85%	88	Monthly	Preferred Stock/Convertible Bonds
FPE	First Trust Preferred Securities and Income ETF	The First Trust Preferred Securities and Income ETF is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. ...Full Details	0.85%	61	Monthly	Preferred Stock/Convertible Bonds
FCVT	First Trust SSI Strategic Convertible Securities ETF	First Trust SSI Strategic Convertible Securities ETF is an actively managed fund of convertible securities from within and outside the US ...Full Details	0.95%	121	Monthly	Preferred Stock/Convertible Bonds
PFFA	Virtus InfraCap US Preferred Stock ETF	PFFA is an actively managed fund of US preferred stock. The fund leverages the portfolio to varying degrees, but generally in the range of 15-25% of fund assets. The fund seeks current income, with capital appreciation as a secondary goal. ...Full Details	1.36%	119	Annually	Preferred Stock/Convertible Bonds
PSR	Invesco Active US Real Estate Fund	The Invesco Active U.S. Real Estate ETF is an actively managed fund. Fund managers select US REITs in an attempt to outperform the market. ...Full Details	0.35%	79	Quarterly	Real Estate
VAMO	Cambria Value and Momentum ETF	The Cambria Value and Momentum ETF is an actively managed portfolio of large-, mid- and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. ...Full Details	0.65%	99	Quarterly	Small Cap Blend Equities
OSCV	Opus Small Cap Value Plus ETF	The Opus Small Cap Value Plus ETF is an actively managed fund that selects US small-cap companies and REITs based on valuation plus quality and growth metrics. The fund seeks capital appreciation. ...Full Details	0.79%	85	Annually	Small Cap Blend Equities
PQSG	PGIM QMA Strategic Alpha Small-Cap Growth ETF	PQSG is an actively managed portfolio of US small-cap growth equities. ...Full Details	0.29%	609	Annually	Small Cap Growth Equities
MFMS	Motley Fool Small-Cap Growth ETF	MFMS is an actively managed portfolio of small-cap growth stocks. The fund seeks long-term capital appreciation. ...Full Details	0.85%	32	Annually	Small Cap Growth Equities
SCAP	AdvisorShares Cornerstone Small Cap ETF	The AdvisorShares Cornerstone Small Cap ETF is an actively managed fund that selects small-cap companies base on realized and forward earnings estimate, balance sheet strength, and debt-to capital expenditure ratio. ...Full Details	0.9%	241	Annually	Small Cap Growth Equities
SMCP	AlphaMark Actively Managed Small Cap ETF	The AlphaMark Actively Managed Small Cap ETF is an actively managed portfolio of US-listed small-cap stocks and ADRs selected for consistent growth, earnings and cash flow. ...Full Details	0.92%	34	Annually	Small Cap Growth Equities
DWMC	AdvisorShares Dorsey Wright Micro-Cap ETF	The AdvisorShares Dorsey Wright Micro-Cap ETF is an actively managed portfolio of US-listed micro-cap stocks. The fund follows a rules-based momentum strategy and seeks long-term capital appreciation. ...Full Details	0.99%	160	Annually	Small Cap Growth Equities
PQSV	PGIM QMA Strategic Alpha Small-Cap Value ETF	PQSV is an actively managed portfolio of US small-cap value equities. ...Full Details	0.29%	730	Annually	Small Cap Value Equities
WBIB	WBI Bull\|Bear Value 2000 ETF	WBI Tactical SMV Shares is an actively managed fund that focuses on small- and midcap value firms. The fund seeks long-term capital appreciation with reduced volatility during market declines. ...Full Details	1.05%	27	Quarterly	Small Cap Value Equities
WBIC	WBI Bull\|Bear Yield 2000 ETF	WBIC aims to outperform global mid- and small-cap equities by retaining upside, limiting downside and earning income. While targeting an 80% allocation to global mid- and small-caps, the actively managed fund has a broad mandate that includes MLPs, preferred stock and bonds. ...Full Details	1.05%	26	Monthly	Small Cap Value Equities
IETC	iShares Evolved US Technology ETF	The iShares Evolved US Technology ETF is an actively managed, market-cap-weighted fund of large-, mid-, and small-cap US stocks in the technology sector, according to an alternative classification system defined by machine learning algorithms. ...Full Details	0.18%	228	Annually	Technology Equities
BLOK	Amplify Transformational Data Sharing ETF	The Amplify Transformational Data Sharing ETF is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. ...Full Details	0.7%	53	Annually	Technology Equities
ARKW	ARK Web x.0 ETF	The ARK Web x.0 ETF is an actively managed fund with a broad mandate to invest in companies its managers have identified as benefiting from an infrastructure shift away from hardware and software toward cloud and mobile. ...Full Details	0.75%	41	Annually	Technology Equities
FNG	AdvisorShares New Tech and Media ETF	The AdvisorShares New Tech and Media ETF is an actively managed portfolio of US companies focused on innovative and fast-growing technologies. ...Full Details	0.85%	18	Annually	Technology Equities
BKCH	AdvisorShares Sabretooth ETF	The Sabretooth ETF is an actively-managed portfolio of U.S. stocks related to digital and cloud technologies. ...Full Details	0.85%	32	Annually	Technology Equities
JAGG	JPMorgan U.S. Aggregate Bond ETF	JAGG provides actively-managed exposure primarily to investment grade, USD-denominated bonds from many sectors. It aligns risk traits with those of the Bloomberg Barclays U.S. Aggregate Index. ...Full Details	0.07%	88	Monthly	Total Bond Market
PULS	PGIM Ultra Short Bond ETF	PULS is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation. ...Full Details	0.15%	152	Monthly	Total Bond Market
JMST	JPMorgan Ultra-Short Municipal ETF	JMST is an actively managed portfolio of US municipal bonds with a weighted average maturity of 2 years or less. ...Full Details	0.18%	0	Monthly	Total Bond Market
ULST	SPDR SSgA Ultra Short Term Bond ETF	The SPDR SSgA Ultra Short Term Bond ETF is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months. ...Full Details	0.21%	149	Monthly	Total Bond Market
AWTM	Aware Ultra-Short Duration Enhanced Income ETF	The Aware Ultra-Short Duration Enhanced Income ETF is an actively-managed portfolio of investment grade bonds of very short durations. ...Full Details	0.23%	69	Annually	Total Bond Market
JMUB	JP Morgan Municipal ETF	JMUB holds an actively managed portfolio of various municipal securities. ...Full Details	0.24%	0	Monthly	Total Bond Market
FTSD	Franklin Short Duration US Government ETF	The Franklin Liberty Short Duration U.S. Government ETF is an actively managed fixed-income ETF that aims for a targeted duration of less than 3 years by investing in short-term debt securities issued or guaranteed by the US government. The fund manager may also invest in certain interest rate-related derivative transactions. ...Full Details	0.25%	350	Monthly	Total Bond Market
NEAR	iShares Short Maturity Bond ETF	The iShares Short Maturity Bond ETF aims to maximize income and preserve capital using very short maturity, USD denominated global fixed income securities in an actively-managed fund. Duration is targeted at 1 year or less and maturity at 3 years or less. ...Full Details	0.25%	401	Monthly	Total Bond Market
HTRB	Hartford Total Return Bond ETF	The Hartford Total Return Bond ETF is an actively managed fund that invests in a wide array of global fixed income instruments considered attractive from a total-return perspective, with current income as a secondary goal. ...Full Details	0.29%	318	Monthly	Total Bond Market
WINC	Western Asset Short Duration Income ETFF	The Western Asset Short Duration Income ETF is an actively-managed portfolio of short-term, investment grade corporate bonds. ...Full Details	0.29%	0	Annually	Total Bond Market
VRIG	Invesco Variable Rate Investment Grade ETF	The Invesco Variable Rate Investment Grade Portfolio is an actively-managed fund that primarily invests in USD-denominated investment-grade floating-rate securities, but can hold up to 20% in non-investment-grade securities. ...Full Details	0.3%	166	Monthly	Total Bond Market
OPER	ClearShares OPER ETF	The ClearShares Ultra-Short Maturity ETF is an actively managed portfolio seeking current income by investing primarily in repurchase agreements, with a portfolio maturity of less than one year. ...Full Details	0.3%	0	Annually	Total Bond Market
BNDC	FlexShares Core Select Bond Fund	The FlexShares Core Select Bond Fund is an actively-managed fund-of-funds that invests in various USD-denominated investment-grade fixed income ETFs to generate risk-adjusted returns. The fund does not have a duration or sector allocation target. ...Full Details	0.35%	9	Monthly	Total Bond Market
FTSM	First Trust Enhanced Short Maturity ETF	The First Trust Enhanced Short Maturity ETF, an actively managed fund, invests primarily in a variety of fixed-income securities with a target maturity of less than 3 years. ...Full Details	0.35%	550	Monthly	Total Bond Market
MINT	PIMCO Enhanced Short Maturity Strategy Fund	The PIMCO Enhanced Short Maturity Active ETF is an actively managed fund that seeks to provide greater income and total return potential than money market funds by investing in ultra-short-term debt securities. ...Full Details	0.35%	503	Monthly	Total Bond Market
USTB	USAA Core Short-Term Bond ETF	USTB is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. ...Full Details	0.35%	129	Monthly	Total Bond Market
FBND	Fidelity Total Bond ETF	The Fidelity Total Bond ETF is an actively managed broad market bond fund that uses the Barclays US Universal Bond Index to guide its sector allocation and duration exposure. ...Full Details	0.36%	847	Monthly	Total Bond Market
FLTB	Fidelity Limited Term Bond ETF	The Fidelity Limited Term Bond ETF is an actively managed, broad-based bond fund with a primary focus on investment-grade credits and a targeted average maturity between 2 and 5 years. ...Full Details	0.36%	272	Monthly	Total Bond Market
HOLD	AdvisorShares Sage Core Reserves ETF	The AdvisorShares Sage Core Reserves ETF is an actively managed fund that holds short-term investment-grade USD-denominated fixed-income securities. It aims for duration under 1 year and weighted average maturity under 3 years. ...Full Details	0.36%	126	Monthly	Total Bond Market
UITB	USAA Core Intermediate-Term Bond ETF	UITB is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three to ten years. ...Full Details	0.4%	197	Monthly	Total Bond Market
JCPB	JPMorgan Core Plus Bond ETF	JPMorgan Core Plus Bond ETF is a bon fund that aims to deliver high level of current income from a portfolio of investment grade and non-investment grade securities. ...Full Details	0.4%	0	Annually	Total Bond Market
FLBL	Franklin Liberty Senior Loan ETF	FLBL is an actively managed fund investing in USD-denominated senior loans. ...Full Details	0.45%	1	Monthly	Total Bond Market
STOT	SPDR DoubleLine Short Duration Total Return Tactical ETF	The SPDR DoubleLine Short Duration Total Return Tactical ETF is actively managed and has broad capabilities to invest in short duration investment grade and high-yield fixed income securities. ...Full Details	0.45%	183	Monthly	Total Bond Market
WBND	Western Asset Total Return ETF	The Western Asset Total Return ETF is an actively managed portfolio of fixed income securities from any geography, potentially including sub-investment-grade debt and fixed income derivatives. The fund seeks total return. ...Full Details	0.45%	0	Annually	Total Bond Market
WYDE	ProShares CDS Short North American HY Credit ETF	The ProShares CDS Short North American HY Credit ETF, an actively managed fund, primarily invests in credit default swap (CDS) indexes to express bearish views on overall credit quality of the high-yield market in North America. ...Full Details	0.5%	0	Quarterly	Total Bond Market
GTO	Invesco Total Return Bond ETF	The Invesco Total Return Bond ETF is an actively managed fund with the ability to invest in any number of fixed income securities with varying credit ratings, countries, and durations. ...Full Details	0.52%	141	Monthly	Total Bond Market
FIXD	First Trust TCW Opportunistic Fixed Income ETF	The First Trust TCW Opportunistic Fixed Income ETF is an actively managed, broad-based, and broad-maturity bond fund that aims for a weighted average duration within 1 year of the Bloomberg Barclays US Aggregate Index. The fund may hold derivatives. ...Full Details	0.55%	543	Monthly	Total Bond Market
TOTL	SPDR DoubleLine Total Return Tactical ETF	The SPDR DoubleLine Total Return Tactical ETF is an actively managed, long-only bond fund that invests in a wide array of fixed income instruments of any maturity and credit quality. ...Full Details	0.55%	468	Monthly	Total Bond Market
LDUR	PIMCO Low Duration ETF	The PIMCO Low Duration ETF is an actively managed broad-market, investment-grade bond fund with target duration between 1-3 years. ...Full Details	0.6%	224	Monthly	Total Bond Market
BOND	PIMCO Total Return ETF	The PIMCO Active Bond ETF is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. ...Full Details	0.61%	247	Monthly	Total Bond Market
UCON	First Trust TCW Unconstrained Plus Bond ETF	The First Trust TCW Unconstrained Plus Bond ETF is an actively managed portfolio with broad leeway to invest in various fixed income securities of almost any sector, maturity, or credit quality. The fund seeks long-term total return. ...Full Details	0.75%	393	Monthly	Total Bond Market
MINC	AdvisorShares Newfleet Multi-Sector Income ETF	The AdvisorShares Newfleet Multi-Sector Income ETF is an actively managed fund that holds a broad variety of corporate, sovereign, municipal and mortgage-backed bonds, targeting a duration of 1-3 years. ...Full Details	0.76%	268	Monthly	Total Bond Market
NFLT	Newfleet Multi-Sector Unconstrained Bond ETF	The Virtus Newfleet Multi-Sector Unconstrained Bond ETF is an actively managed portfolio of bonds. The portfolio managers can invest in domestic, international and emerging market bonds, USD- or non-USD denominated, investment grade or high yield and in any sector. ...Full Details	0.8%	303	Monthly	Total Bond Market
AFIF	Anfield Universal Fixed Income ETF	The Anfield Universal Fixed Income ETF is an actively managed, diversified global portfolio of fixed income instruments. ...Full Details	1%	6	Annually	Total Bond Market
RISE	Sit Rising Rate ETF	The Sit Rising Rate ETF aims to capitalize on rising interest rates by taking short positions in futures contracts on 2-, 5- and 10-year Treasurys. The fund is actively managed. ...Full Details	1%	3	Annually	Total Bond Market
FLRT	AdvisorShares Pacific Asset Floating Rate ETF	The AdvisorShares Pacific Asset Enhanced Floating Rate ETF is an actively managed fund targeting income-producing floating-rate loans from non investment-grade issuers ...Full Details	1.12%	0	Monthly	Total Bond Market
FWDB	AdvisorShares Madrona Global Bond ETF	The AdvisorShares Madrona Global Bond ETF is an actively managed ETF-of-ETFs that seeks to outperform the Barclays Capital U.S. Aggregate Bond Index. The fund uses ETPs to invest in at least 12 distinct global bond classes. ...Full Details	1.41%	13	Monthly	Total Bond Market
MCEF	First Trust Municipal CEF Income Opportunity ETF	The First Trust Municipal CEF Income Opportunity ETF is an actively-managed fund-of-funds that invests in municipal bond closed-end funds (CEFs) of various sectors, credit qualities, and leverage levels. ...Full Details	2.11%	44	Monthly	Total Bond Market
UTES	Reaves Utilities ETF	The Reaves Utilities ETF is an actively managed ETF that holds US-listed utility stocks. UTES' managers aim to outperform the sector by selecting and weighting stocks based on fundamental, growth and risk metrics. ...Full Details	0.95%	24	Quarterly	Utilities Equities
PHDG	Invesco S&P 500 Downside Hedged ETF	The Invesco S&P 500 Downside Hedged Portfolio is an actively managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. ...Full Details	0.39%	507	Quarterly	Volatility Hedged Equity
FLLV	Franklin Liberty US Low Volatility ETF	The Franklin Liberty U.S. Low Volatility ETF is an actively-managed fund which seeks capital appreciation with lower volatility than the Russell 1000 Index. ...Full Details	0.5%	89	Quarterly	Volatility Hedged Equity
HUSV	First Trust Horizon Managed Volatility Domestic ETF	The First Trust Horizon Managed Volatility Domestic ETF is an actively managed fund. The fund manager uses volatility forecasting to select and weight US large-capitalization stocks. ...Full Details	0.7%	76	Quarterly	Volatility Hedged Equity

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Company (Ticker)	Company Description	Market Cap	%YTD Gains

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