Sector allocations include technology 21.6%, financials 17.7%, industrials 15.7%, energy 9.8%, 7.8%, consumer goods 7.8%, consumer services 7.8%, health care 7.8% and telecommunications 3.9%.

Earlier in June, AlphaClone launched the AlphaClone Alternative Alpha ETF (NYSEArca: ALFA). ALFA has an expense ratio of 0.95%. [New Hedge Fund Replication ETF]

For more information on new product launches, visit our new ETFs category.

Max Chen contributed to this article.