YPS — Arrow Reverse Cap 500 ETF
Data updated: 2024-03-28
YPS — Arrow Reverse Cap 500 ETF. United States Mid Cap Blend / Core Equity · $8.86M AUM · 0.29% expense ratio. Holdings, fees, performance and SEC filings.
YPS Fund Overview
YPS — Arrow Reverse Cap 500 ETF is a US ETF managed by Arrow Investments Trust, categorised as United States Mid Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Arrow Investments Trust
- Category: United States Mid Cap Blend / Core Equity
- Assets under management: $8.86M
- 1-year return: 0.1%
- Ticker: YPS
- SEC CIK: 0001527428
- SEC series ID: S000071897
- Share class ID: C000227510
YPS Investment Objective and Strategy
Arrow Reverse Cap 500 ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Arrow Investments Trust.
Investment objective
The Arrow Reverse Cap 500 (the Fund) seeks to track the performance, before fees and expenses, of the Reverse Cap Weighted U.S. Large Cap Index (the Index).
Principal investment strategy
The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. Reverse Cap Weighted U.S. Large Cap Index The Index is a rules-based, reverse capitalization weighted index comprised of constituents of the S&P 500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization. The Index seeks to provide exposure to the U.S. large-cap market but with greater emphasis on the smaller-end of the large-cap market, unlike many traditional market capitalization weighted indexes that place a greater emphasis on the largest companies in the large-cap market. The Index includes common stocks and equity interests in real estate investment trusts (REITs). At the time of each Index rebalance, the Index components are weighted by the inverse of their free-float market capitalization divided by the total of the inverse free-float market capitalizations of all of the Index components such that the smallest company in the Index will have the largest weight and the largest company in the Index will have the smallest weight.
The Index is generally rebalanced on each date that the S&P 500 Index is rebalanced (typically as of the close of trading on the third Friday in each March, June, September, and December (or the following business day if such third Friday is not a business day) based on data as of the second Friday of such rebalance month). In the event that the S&P 500 Index postpones or changes its rebalance schedule, so too will the Index. SFC Fund Ventures is the index provider and maintains the Index. The Index is calculated by an independent third-party calculation agent. The Funds Investment Strategy The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index in approximately the same proportion as in the Index.
However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the Index as a whole, when Arrow Investment Advisors, LLC (the Advisor) believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index). The Fund may invest in securities or other investments not included in the Index, but which the Advisor believes will help the Fund track the Index. For example, the Fund may invest in securities that are not components of the Index to reflect various corporate actions and other changes to the Index (such as reconstitutions, additions, and deletions).
To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in the securities of a particular industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index.
YPS Holdings
Top 10 holdings of Arrow Reverse Cap 500 ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| News Corporation | 1.15% |
| Ralph Lauren Corporation | 0.92% |
| Catalent Inc | 0.84% |
| Mohawk Industries, Inc. | 0.82% |
| Zions Bancorporation Natl Assn Global Bank | 0.78% |
| Comerica Incorporated | 0.76% |
| Dentsply Sirona Inc | 0.71% |
| Fox Corporation | 0.71% |
| Fox Corporation | 0.70% |
| Whirlpool Corp. | 0.69% |
YPS Portfolio Allocation
Asset-class allocation of Arrow Reverse Cap 500 ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 104.8% |
YPS Performance
Total returns for YPS (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.1% |
| 3 years (annualised) | 0.9% |
YPS Risk Information
Risk metrics for YPS, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
YPS Costs and Fees
YPS costs about $29 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.29%
- Gross expense ratio: 0.29%
- Portfolio turnover: 44%
- Brokerage commissions: 1.25 bps of average net assets (SEC N-CEN)
YPS Cashflows
Over the 12 months to 2024-01, Arrow Reverse Cap 500 ETF had net inflows of $16.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $3.05M |
| 2023-10 | $0 |
| 2023-09 | $0 |
| 2023-08 | $2.17M |
YPS Debt Constituents
No individual debt constituents are reported in Arrow Reverse Cap 500 ETF's latest SEC N-PORT filing.
YPS Prospectus and SEC Filings
Official Arrow Reverse Cap 500 ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-11-28
- Prospectus (485BPOS) — filed 2022-11-28
- Prospectus (485BPOS) — filed 2022-04-27
- Portfolio holdings (N-PORT) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2023-12-28
- Portfolio holdings (N-PORT) — filed 2023-09-28
- Annual census (N-CEN) — filed 2023-10-13
- Annual census (N-CEN) — filed 2022-10-13
Related Funds
Other United States Mid Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.