MutualFundWire.com: Alps Plugs In a New Thematic ETF

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Tuesday, April 29, 2025

Alps Plugs In a New Thematic ETF

The folks at a Colorado fund firm are launching a new index fund.

Earlier this month, Laton Spahr, president of SS&C's Alps Advisors [profile], and Michael Gideon, president and CEO of Ladenburg Thalmann Index, unveiled the launch of the Alps Electrification Infrastructure ETF (ELFY on the Nasdaq). Denver-based Alps Advisors, inc. serves as investment advisor, while Ladenburg Thalmann Index, LLC serves as index provider.

ELFY's inception date was April 9, and it comes with an expense ratio of 50 basis points. As of April 23, the new ETF had $10.25 million in AUM.

The new fund is designed to track the Ladenburg Thalmann Electrification Infrastructure Index (LTELFYX). ELFY's PM team includes three Alps portfolio management and research team members: Andrew Hicks, senior vice president; Ryan Mischker, SVP; and Charles Perkins, associate VP.

Spahr puts the launch of ELFY in the context of the public and private sectors both "committing to a multi-decade investment in electrification infrastructure, creating one of the most durable investment themes in today's market." Mark McLain, chief index officer and managing member of Ladenburg Thalmann Index, adds that the U.S. is "in the early innings of a seismic shift in ... electricity demand growth."

"ELFY provides investors with an equal-weighted, sector-diverse vehicle to participate alongside the companies powering the electrification of America for years to come," McLain states.

ELFY is a series of the Alps ETF Trust. The new fund's other service providers include:

Alps Fund Services as administrator and fund accounting agent;

Cohen & Company, Ltd. as independent accounting firm;

Dechert LLP as counsel; and

State Street Bank and Trust Company as custodian and transfer agent.