List of No Underlying Index ETFs: FKnol.com

Try our new ETF Screener:

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.)
(See also, List of Alternatives ETFs.)
Following is the list of all 313 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

🡄 1-50 51-100 101-150 151-200 201-250 251-300 301-313 🡆

No.	Name (Ticker)	Short Description	Current Price	%YTD Gains	Expense Ratio	No. of Holdings

Sorted by Ticker. Click on the arrow buttons to sort the table as per the desired column
1.	AdvisorShares Dorsey Wright ADR ETF (AADR)	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. ...Detailed Profile Dividend Frequency: Quarterly Category: Global Equities	$64.03	5.16%	0.89%	37 Full List
2.	Absolute Core Strategy ETF (ABEQ)	ABEQ is an actively-managed portfolio of US stocks seeking positive absolute returns. ...Detailed Profile Dividend Frequency: Category:	$26.67	4.83%	0%	0 Full List
3.	Aptus Collared Income Opportunity ETF (ACIO)	The Aptus Collared Income Opportunity ETF is an actively-managed portfolio of U.S. large cap equities as well as corresponding options collars for those constituents. ...Detailed Profile Dividend Frequency: Category: Diversified Portfolio	$28.87	4.07%	0.79%	31 Full List
4.	Anfield Universal Fixed Income ETF (AESR)	AESR is an actively managed fund-of-funds of large-cap US equities that uses macroeconomic and forecasting methodology to pursue a sector rotation strategy. ...Detailed Profile Dividend Frequency: Category: Large Cap Growth Equities	$12.9	8.95%	1.42%	10
5.	Anfield Universal Fixed Income ETF (AFIF)	The Anfield Universal Fixed Income ETF is an actively managed, diversified global portfolio of fixed income instruments. ...Detailed Profile Dividend Frequency: Annually Category: Total Bond Market	$9.76	-0.41%	1%	6 Full List
6.	First Trust Active Factor Large Cap ETF (AFLG)	AFLG is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. ...Detailed Profile Dividend Frequency: Category: Large Cap Growth Equities	$24.36	9.34%	0.55%	200 Full List
7.	First Trust Active Factor Small Cap ETF (AFSM)	AFSM is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. ...Detailed Profile Dividend Frequency: Category: Small Cap Blend Equities	$25.61	15.83%	0.75%	236 Full List
8.	AI Powered Equity ETF (AIEQ)	The AI Powered Equity ETF is an actively managed fund of US stocks selected by a proprietary, quantitative model that incorporates artificial intelligence (AI). ...Detailed Profile Dividend Frequency: Quarterly Category: Large Cap Growth Equities	$39.07	10.12%	0.75%	108 Full List
9.	AI Powered International Equity ETF (AIIQ)	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). ...Detailed Profile Dividend Frequency: Annually Category: Global Equities	$32.93	7.33%	0.79%	133 Full List
10.	QRAFT AI-Enhanced US Large Cap Momentum ETF (AMOM)	AMOM is an actively-managed portfolio of U.S. Large Cap equities chosen with the aid of artificial intelligence. ...Detailed Profile Dividend Frequency: Annually Category: Large Cap Growth Equities	$34.35	7.18%	0.75%	51 Full List
11.	InfraCap MLP ETF (AMZA)	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. ...Detailed Profile Dividend Frequency: Monthly Category: MLPs	$24.44	28.77%	1.93%	44 Full List
12.	Arrow Reserve Capital Management ETF (ARCM)	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. ...Detailed Profile Dividend Frequency: Monthly Category: Corporate Bonds	$100.03	-0.17%	0.42%	72 Full List
13.	ARK Fintech Innovation ETF (ARKF)	The ARK Fintech Innovation ETF is an actively managed fund of stocks related to financial technology innovation. ...Detailed Profile Dividend Frequency: Annually Category: Large Cap Growth Equities	$53.83	8.29%	0.75%	37 Full List
14.	ARK Genomic Revolution Multi-Sector ETF (ARKG)	The ARK Genomic Revolution Multi-Sector ETF is an actively managed fund that targets companies involved in the genomics industry. ...Detailed Profile Dividend Frequency: Annually Category: Health & Biotech Equities	$90.8	-2.64%	0.75%	37 Full List
15.	ARK Innovation ETF (ARKK)	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. ...Detailed Profile Dividend Frequency: Annually Category: All Cap Equities	$123.83	-0.53%	0.75%	44 Full List
16.	ARK Industrial Innovation ETF (ARKQ)	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. ...Detailed Profile Dividend Frequency: Annually Category: Global Equities	$86.46	13.33%	0.75%	40 Full List
17.	ARK Web x.0 ETF (ARKW)	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. ...Detailed Profile Dividend Frequency: Annually Category: Technology Equities	$153.35	4.78%	0.75%	41 Full List
18.	Ark Space Exploration And Innovation ETF (ARKX)	Exposure to space exploration, including orbital and sub-orbital aerospace, enabling technologies, and beneficiaries of aerospace activities, such as agriculture, Internet access, global positioning system (GPS), construction, and imaging. ...Detailed Profile Dividend Frequency: Category: Equity	$20.82	4.1%	0.75%	40 Full List
19.	Avantis International Equity ETF (AVDE)	AVDE is an actively managed portfolio of non-US companies from developed markets, of all market capitalizations selected based on prospects for long-term growth of capital. ...Detailed Profile Dividend Frequency: Category: Foreign Large Cap Equities	$61.57	7.79%	0.23%	1888 Full List
20.	Avantis International Small Cap Value ETF (AVDV)	AVDV is an actively managed portfolio of developed market, non-US, small cap value companies. The fund seeks long-term capital appreciation. ...Detailed Profile Dividend Frequency: Category: Foreign Small Mid Cap Equities	$63.62	11.4%	0.36%	598 Full List
21.	Avantis Emerging Markets Equity ETF (AVEM)	AVEM is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. ...Detailed Profile Dividend Frequency: Category: Foreign Large Cap Equities	$66.79	8.13%	0.33%	1505 Full List
22.	Avantis US Equity ETF (AVUS)	AVUS is an actively managed diverse portfolio of U.S. large-, mid-, and small-cap stocks aiming to find those with lower price relative to valuations. ...Detailed Profile Dividend Frequency: Category: Large Cap Growth Equities	$70.93	12.59%	0.15%	1856 Full List
23.	Avantis US Small Cap Value ETF (AVUV)	AVUV is an actively managed portfolio of U.S. small-cap value companies selected based fundamental criteria. ...Detailed Profile Dividend Frequency: Category: Small Cap Blend Equities	$73.22	28.82%	0.25%	532 Full List
24.	Aware Ultra-Short Duration Enhanced Income ETF (AWTM)	The Aware Ultra-Short Duration Enhanced Income ETF is an actively-managed portfolio of investment grade bonds of very short durations. ...Detailed Profile Dividend Frequency: Annually Category: Total Bond Market	$49.87	0%	0.23%	69 Full List
25.	Innovator S&P 500 Buffer ETF (BAPR)	BAPR aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Annually Category:	$30.47	2.77%	0.79%	505
26.	Amplify Advanced Battery Metals and Materials ETF (BATT)	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. ...Detailed Profile Dividend Frequency: Annually Category: Materials	$15.74	-0.44%	0.72%	44 Full List
27.	Innovator S&P 500 Buffer ETF (BAUG)	BAUG aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Category: Large Cap Blend Equities	$31.04	4.51%	0.79%	1
28.	ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD)	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. ...Detailed Profile Dividend Frequency: Annually Category: Commodities	$27.13	7.19%	0.29%	22
29.	ETFS Bloomberg All Commodity Strategy K-1 Free ETF (BCI)	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. ...Detailed Profile Dividend Frequency: Annually Category: Commodities	$23.35	6.62%	0.29%	22 Full List
30.	Innovator S&P 500 Buffer ETF December Series (BDEC)	BDEC aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Category: Large Cap Blend Equities	$32.22	5.6%	0.79%	0
31.	Breakwave Dry Bulk Shipping ETF (BDRY)	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. ...Detailed Profile Dividend Frequency: Annually Category: Commodities	$17.57	128.18%	3.5%	0
32.	Innovator S&P 500 Buffer ETF February Series (BFEB)	BFEB aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Category:	$29.53	8.57%	0.79%	0
33.	Innovator S&P 500 Buffer ETF (BJAN)	BJAN aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Annually Category:	$34.7	5.95%	0.79%	505
34.	Innovator S&P 500 Buffer ETF (BJUL)	BJUL aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Annually Category:	$31.07	3.12%	0.79%	505
35.	Innovator S&P 500 Buffer ETF June Series (BJUN)	BJUN aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Annually Category: Large Cap Blend Equities	$32.04	3.16%	0.79%	505
36.	Virtus Newfleet Dynamic Credit ETF (BLHY)	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. ...Detailed Profile Dividend Frequency: Monthly Category: High Yield Bonds	$24.5	1.03%	0.71%	190 Full List
37.	Amplify Transformational Data Sharing ETF (BLOK)	The Amplify Transformational Data Sharing ETF is an actively managed portfolio mainly consisting of global equities focusing on blockchain technology. ...Detailed Profile Dividend Frequency: Annually Category: Technology Equities	$57.7	64.95%	0.7%	53 Full List
38.	FlexShares Core Select Bond Fund (BNDC)	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. ...Detailed Profile Dividend Frequency: Monthly Category: Total Bond Market	$26.08	-3.37%	0.35%	9 Full List
39.	Innovator S&P 500 Buffer ETF November Series (BNOV)	BNOV is an actively managed ETF designed to track the price return of the S&P 500 with capped gains and some buffering against losses over a predetermined period. ...Detailed Profile Dividend Frequency: Category: Large Cap Blend Equities	$31.05	4.23%	0.79%	0
40.	Innovator S&P 500 Buffer ETF (BOCT)	BOCT aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Annually Category:	$31.49	4.97%	0.79%	505
41.	PIMCO Total Return ETF (BOND)	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. ...Detailed Profile Dividend Frequency: Monthly Category: Total Bond Market	$109.68	-3.03%	0.61%	247 Full List
42.	Innovator S&P 500 Buffer ETF September Series (BSEP)	BSEP aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. ...Detailed Profile Dividend Frequency: Category: Large Cap Blend Equities	$30.83	6.16%	0.79%	1
43.	ClearBridge All Cap Growth ETF (CACG)	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. ...Detailed Profile Dividend Frequency: Annually Category: Large Cap Growth Equities	$46.84	6.36%	0.53%	87 Full List
44.	Cambria Core Equity ETF (CCOR)	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. ...Detailed Profile Dividend Frequency: Quarterly Category: Large Cap Growth Equities	$29.05	1.36%	1.21%	49
45.	Saba Closed-End Funds ETF (CEFS)	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. ...Detailed Profile Dividend Frequency: Monthly Category: Diversified Portfolio	$20.89	7.02%	2.62%	8
46.	WisdomTree Emerging Currency Fund (CEW)	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. ...Detailed Profile Dividend Frequency: Annually Category: Currency	$17.98	-2.71%	0.55%	12
47.	iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY)	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. ...Detailed Profile Dividend Frequency: Annually Category: Commodities	$48.69	7.08%	0.28%	0
48.	Amplify Seymour Cannabis ET (CNBS)	CNBS is an actively-managed portfolio of global stocks related to cannabis and hemp. ...Detailed Profile Dividend Frequency: Category: Small Cap Blend Equities	$29.08	66.65%	0.75%	29 Full List
49.	Direxion Auspice Broad Commodity Strategy ETF (COM)	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. ...Detailed Profile Dividend Frequency: Quarterly Category: Commodities	$27.7	9.88%	0.7%	5
50.	GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB)	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. ...Detailed Profile Dividend Frequency: Annually Category: Commodities	$25.05	6.64%	0.25%	25 Full List

🡄 1-50 51-100 101-150 151-200 201-250 251-300 301-313 🡆

Try our new ETF Screener:

All No Underlying Index ETFs

These funds 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.