Symbols

RECS

Columbia Research Enhanced Core ETF·NYSE

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Key Stats

Assets Under Management

4.82BUSD

Fund Flows (1Y)

2.66BUSD

Dividend Yield

1.10%

Discount/Premium to NAV

0.02%

Shares Outstanding

123.60M

Expense Ratio

0.15%

About Columbia Research Enhanced Core ETF

Issuer

Columbia Management Investment Advisers, LLC

Brand

Columbia

Home Page

https://www.columbiathreadneedleus.com/investment-products/exchange-traded-funds/Columbia-Research-Enhanced-Core-ETF/RECS/details/?cusip=19761L706&_n=1

Inception Date

Sep 25, 2019

Structure

Open-Ended Fund

Index Tracked

Beta Advantage Research Enhanced U.S. Equity Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Columbia Management Investment Advisers LLC

Distributor

ALPS Distributors, Inc.

RECS aims to beat the Russell 1000 by subtraction. The fund tracks an index that starts with the Russell 1000, then removes stocks that don't pass its quality, value and momentum screens on a sector by sector basis. (Fund docs offer little additional detail on the factor inputs.) Stocks that make the cut are market cap weighted, and sector weights are aligned with those of the Russell 1000. In all, the fund aims to beat its bogey solely by stock de-selection while avoiding sector bets.