3 new H-Factor ETFs filed: "Avoiders"

AVDH AVDR Quality High Yield Corporate Bond ETF
AVDG AVDR US LargeCap ESG ETF
AVDR AVDR US LargeCap Leading ETF

AVDR is read "AVOIDERS" in reference to their investment strategy that consists of either avoiding the human factor or avoiding the probability of loss, in determining which stocks to invest in. More on the New Age Alpha H-Factor methodology below.

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AVDR AVDR US LargeCap Leading ETF

Expense ratio: 0.60%

Index: New Age Alpha U.S. Large-Cap Leading 50 Index

Universe: S&P 500

Constituents: 50

The Index seeks to provide long-term risk adjusted outperformance of the S&P 500® Index.

Portfolio Managers: 

• Rafael Zayas
• Ryan Dofflemeyer
• Austin Wen

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AVDG AVDR US LargeCap ESG ETF

Expense ratio: 0.60%

Index: New Age Alpha U.S. Large-Cap ESG Index

Universe: Refinitiv Index

Constituents: 600

The Index seeks to provide long-term risk adjusted outperformance of the S&P 500® ESG Index.

Refinitiv methodology is here.

Portfolio Managers: 

• Rafael Zayas
• Ryan Dofflemeyer
• Austin Wen

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AVDH AVDR Quality High Yield Corporate Bond ETF

Index: New Age Alpha USD High Yield BB-B Corporate Bond Index

Universe: S&P U.S. Dollar Global High Yield Corporate Bond Index

Expense ratio: 0.60%

Constituents: 150 bonds

The Index seeks to provide long-term risk-adjusted total return in excess of the ICE BofA BB-B U.S. High Yield® Index

Portfolio Manager: Konstantin Tourevski, CFA

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Prospectus is here.

More on the investment adviser: New Age Alpha Advisors, LLC

• "Avoid the Human Factor"
• "No Alpha, No Fee"
• "Picking Winners is a Loser's Game"

Proprietary algorithm: H-Factor System™

• Determines probability company will not deliver growth to support its stock price.
• High H-Factor Score means that a stock is relatively overpriced and has a higher probability of not delivering growth to support its stock price.

Index methodology is here.

Existing ETFs that they have filed but not yet effective:

• HFEL New Age Alpha Europe Ex-UK Leading ETF
• HFUV New Age Alpha UK Low Vol ETF
• HFEV New Age Alpha Europe Ex-UK Low Vol ETF
• HFJL New Age Alpha Japan Leading ETF
• HFJV New Age Alpha Japan Low Vol ETF
• HFLL New Age Alpha U.S. Large-Cap Leading ETF
• HFLV New Age Alpha U.S. Large-Cap Low Vol ETF
• HFSL New Age Alpha U.S. Small-Cap Leading ETF
• HFSV New Age Alpha U.S. Small-Cap Low Vol ETF
• HFUL New Age Alpha UK Leading ETF

Twitter: @ETFhearsay

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Bonus picture if you've read this far: