Alerian’s indices are widely used by various industry stakeholders, particularly as a benchmarking tool or for the creation of index-tracking investment vehicles. Any use of Alerian data requires a license.
Benchmarking versus an Alerian index
With an end user data license, actively managed funds may use an Alerian index as a fund benchmark, conduct attribution and risk analysis, and/or refer to the name of the index in marketing materials or other documentation. The license provides authorization for the end user to receive index level and index constituent data via a third-party data distributor.
Exchange-traded products tracking an Alerian index
With a product license, sponsors of exchange-traded products such as ETNs, ETFs, UITs, closed-end funds, and other listed products may create investment products tracking an Alerian index and/or refer to the name of the index in sales literature and related regulatory documentation.
Other index-tracking products
With a product license, companies may create derivatives, swaps, one-off structured notes, and other OTC products whose underlying constituents or performance are linked to the value of an Alerian index and/or refer to the name of the Alerian index in sales literature.
Alerian index constituents as an eligible investment universe
With a product license, sponsors may create a proprietary index using the constituents of an Alerian index as a starting investment universe.
License fees vary according to the type of product. Please contact [email protected] for additional information.