Whether you are a savvy individual investor , a financial planner, broker, institutional investor or pension plan sponsor, the following strategies illustrate how to use Select Sector SPDRs:
Select Sector SPDRs allow you to purchase the S&P 500 Index in pieces, giving you greater flexibility to customize the S&P 500. You can purchase the eleven Select Sector SPDRs in weighting consistent with the S&P 500 or use your own weighting to meet specific investment goals.
Example: Your investment objective is to have exposure to the broad market, such as the S&P 500 Index. However, you are speculating that the financial sector will provide strong performance during the next year, while the technology sector will suffer declines. You can purchase all eleven Select Sector SPDRs, buying a heavier concentration of the Financial Select Sector SPDR (XLF) and fewer shares of the Technology Select Sector SPDR (XLK).
An Equal Sector Strategy is a strategy that delivers exposure to the US Large Cap Equity market by investing equal proportions in each of the 11 Select Sector SPDRs
This strategy delivers moderate, yet meaningful exposure to every sector of the market. As a result, investors have the opportunity not only to participate in a sector rally wherever it may occur, but also to minimize the negative impact of a crash in any individual sector by rebalancing back to equal weight (9.09% in each sector) quarterly. In addition, the Equal Sector Strategy has the following benefits:
Click here for complete details: https://www.alpsfunds.com/products/etf/EQL
Select Sector SPDRs can help investors manage more tax-efficient investment portfolios. Before entering into any tax-related strategies, consult your tax advisor.
Sell individual stock positions currently trading below purchase price, realize the loss and maintain similar sector exposure by purchasing the appropriate Select Sector SPDR.
Example: You are currently long several stocks that are held by a Select Sector SPDR, all of which are trading below their original purchase prices. You can sell your loss positions, realize the losses, and buy the Select Sector SPDR which holds those stock positions to maintain exposure to those stocks and others in that sector.
Sell an ETF, closed-end fund or mutual fund currently trading below purchase price, realize the loss and maintain similar sector exposure by purchasing the appropriate Select Sector SPDR.
Example: You are currently long a Technology Fund, which is trading below your original purchase price. You can sell your loss position, realize the loss, and buy the Technology Select Sector SPDR (XLK) to maintain similar exposure.
Select Sector SPDRs allow you to purchase the S&P 500 Index in pieces, giving you greater flexibility to customize a portfolio and better manage after-tax returns. Purchase all eleven Select Sector SPDRs in weightings consistent with the S&P 500 or use your own weightings to meet a specific investment goal.
Example: Whether your objective is income or growth, you can sell the sectors with unrealized losses at year-end and maintain exposure to those sectors by buying similar ETFs. After waiting at least 31 days, you may rebalance the portfolio by swapping back into the appropriate Select Sector SPDRs with weightings appropriate to your investment objectives.
Sell short one of the Select Sector SPDRs that corresponds to your individual stock positions and reduce the downside risk without realizing a taxable event on your long positions in those stocks.
Example: You hold sizable positions of stock A and stock B with unrealized gains. To hedge the downside risk without recognizing a taxable event, you sell short the Select Sector SPDR that includes these companies.
Options are available on Select Sector SPDRs. This feature provides investors with an additional tool to manage the risk in their portfolio.
When reviewing your portfolio, you realize that you are overexposed to certain sectors and underexposed to others. Use Select Sector SPDRs to over-weight underrepresented sectors and reduce exposure to sectors that overlap.
Example: Although you have investments in individual stocks, index funds and actively managed mutual fund, many individual stocks are also owned in large percentages by both the index funds and active mutual funds. As a result, this particular stock portfolio is heavily weighted with large cap names in the financial, technology, and health care sectors. However, as of the end of 2012, these three sectors also comprised 49% of the S&P 500 Index.
To correct the imbalance in the portfolio, you replace a portion of the technology, health care and financial stocks with investments in the Materials (XLB), Industrial (XLI) and Consumer Discretionary (XLY) Select Sector SPDRs. These sectors are under-weighted in both the mutual fund and index portfolios, and will help offset the technology, health care and financial sectors, which are still well represented in your other investments.
As a prudent investor, you must make periodic appraisals of your portfolio. As market conditions change, investment positions may need to be adjusted in order for you to remain consistent with the investment objectives.
Example: A market rally in one sector can leave you exposed to a crash in the next business cycle. We all remember the tech bubble that burst in 2000. The following table shows the percentage of the S&P 500 in the technology sector at various stages.
| Sector | Date | Percentage of S&P 500 (by market cap) |
|---|---|---|
| Technology | 08/14/1998 | 11% |
| Technology | 03/31/2000 | 39% |
| Technology | 12/31/2002 | 18% |
Investors who bought the S&P 500 Index in 1998 were only counting on roughly a 11% exposure to technology. However, by March of 2000 technology stocks accounted for almost 40% of the market capitalization of the Index. By the end of 2002, the technology portion of the S&P 500 had lost more than half of its value from a high in March 2000. Select Sector SPDRs can be used as a rebalancing tool to ensure that you’re not overly exposed to any individual sector.
Select Sector SPDRs allow you to place diversified investments in certain sectors or industry groups. This minimizes the impact of company-specific risk with an investment portfolio.
Example: You feel bullish about energy and want to allocate a small portion of your portfolio in top energy stocks. To avoid the volatility associated with investing in one or two stocks, while maintaining concentrated exposure to an industry group, you buy the Energy Select Sector SPDR (XLE), which currently provides exposure to a wide range of energy stocks.
Whether it is an index, individual portfolio, hedge fund, or actively managed fund, extra cash can drag the performance of a portfolio that is designed to be fully invested. Select Sector SPDRs combine equity exposure needed to remain fully invested with the flexibility required for cash management needs.
Example: Your high-tech portfolio is designed to be fully invested. You allocate a certain percentage of the portfolio for short-term cash needs and purchase the Technology Select Sector SPDR (XLK). As cash needs dictate, you buy and sell XLK, satisfying your obligations while remaining fully invested.
Select Sector SPDRs can be utilized as a transition vehicle while replacing a portfolio manager or an asset class.
Example: You manage an account and are in the process of replacing a money manager. Faced with the options of keeping the old manager's portfolio or liquidating it for cash, Select Sector SPDRs provide an attractive alternative. By replacing the securities in the portfolio with Select Sector SPDRs, equity exposure is maintained until the manager is changed.
Consult your Tax Advisor for additional information.
Performance is historical and does not guarantee future results; current performance may be lower or higher. Investment returns/principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Most recent month-end performance is available in the Performance topic. Past performance does not guarantee future results.
Sector SPDRs are subject to risk similar to those of stocks including those regarding short selling and margin account maintenance. All ETFs are subject to risk, including possible loss of principal. Sector ETF products are also subject to sector risk and non-diversified risk, which will result in greater price fluctuations than the overall market.
The charts are standard price and volume charts. Volume on the horizontal axis with volume in green on up days (periods of time) and in red on down days (periods of time). Price movement can be found on the vertical axis.
Distributed by ALPS Portfolio Solutions Distributor, Inc.
You are not required to provide any personal information on this site unless you choose to provide your name, mailing or e-mail address to request information. We will not transfer your personal information to any non-Select Sector SPDR entity for commercial purposes. If you provide your e-mail address, you may receive e-mail from us.
Our web server will log your Internet Protocol (IP) address or the IP address of your proxy server. It will not systematically track your domain name or your e-mail address for any purpose.
LAST UPDATED: August 31, 2020
PRIVACY POLICY
This Privacy Policy describes our practices in connection with information that we collect through websites operated by ALPS Holdings, Inc. and its subsidiaries (“us” or “SS&C ALPS”) from which you are accessing this Privacy Policy (the “Websites”), through the software applications made available by us for use on or through computers and mobile devices (the “Apps”), through our social media pages (collectively, our “Social Media Pages”) (collectively, including the Websites, the Apps and our Social Media Pages, the “Services”). By using the Services, you agree to this Privacy Policy. The Privacy Policy also describes our practices in connection with information that we collect in person, over the phone, via email and from affiliates and third parties. Fund investors should refer to a fund’s privacy policy.
PERSONAL INFORMATION
“Personal Information” is information that identifies you as an individual or relates to an identifiable individual, including but not limited to:
· Name
· Postal address (including billing and shipping addresses)
· Telephone number
· Email address
· Profile picture
· Social media account ID
We may need to collect and process these types of Personal Information in order to provide the requested Services to you, or because we are legally required to do so. If you do not provide the information that we request, we may not be able to provide you with the requested Services.
Collection of Personal Information
We and our service providers may collect Personal Information in a variety of ways, including:
· Through the Services: We may collect Personal Information through the Services.
· Offline: We may collect Personal Information from you offline, such as when you attend one of our trade shows.
· From Other Sources: We may receive your Personal Information from other sources, such as public databases, joint marketing partners, social media platforms (including from people with whom you are friends or otherwise connected) and from affiliates and third parties. In addition, if you elect to connect your social media account to your Website account, certain Personal Information from your social media account will be shared with us, which may include Personal Information that is part of your profile or your friends’ profiles.
If you disclose any Personal Information relating to other people to us or to our service providers in connection with the Services, you represent that you have the authority to do so and to permit us to use the information in accordance with this Privacy Policy.
Use of Personal Information
· We and our service providers may use Personal Information for our legitimate business interests, including the following:
· To respond to your inquiries and fulfill your requests, complete your transactions, and provide you with related customer service.
· To send administrative information to you, such as changes to our terms, conditions and policies, as well as marketing communications that we believe may be of interest.
· To personalize your experience on the Services by presenting products and offers tailored to you, and to facilitate social sharing functionality.
· For our business purposes, such as data analysis, audits, fraud monitoring and prevention, developing new products, enhancing, improving or modifying our Services, identifying usage trends, determining the effectiveness of our promotional campaigns, and operating and expanding our business activities.
Disclosure of Personal Information
Your Personal Information may be disclosed to our affiliates and is subject to the following policy: https://www.ssctech.com/about-us/privacy. Additionally, personal information may be shared by us to:
· third party service providers who provide services such as website hosting, data analysis, information technology and related infrastructure provision, customer service, email delivery, auditing and other services.
· third parties, to permit them to send you marketing communications, consistent with your choices.
· by you, on message boards, chat, profile pages and blogs and other services to which you are able to post information and content (including, without limitation, our Social Media Pages). Please note that any information you post or disclose through these services will become public and may be available to other users and the general public.
· To your friends associated with your social media account, to other website users and to your social media account provider, in connection with your social sharing activity. By connecting your Services account and your social media account, you authorize us to share information with your social media account provider, and you understand that the use of the information we share will be governed by the social media provider’s privacy policy.
Other Uses and Disclosures
We may also use and disclose your Personal Information as we believe to be necessary or appropriate: (a) to comply with applicable law, which may include laws outside your country of residence, to respond to requests from public and government authorities, which may include authorities outside your country of residence, to cooperate with law enforcement, or for other legal reasons; (b) to enforce our terms and conditions; and (c) to protect our rights, privacy, safety or property, and/or that of our affiliates, you or others.
In addition, we may use, disclose or transfer your information to a third party in the event of any reorganization, merger, sale, joint venture, assignment, transfer or other disposition of all or any portion of our business, assets or stock (including in connection with any bankruptcy or similar proceedings).
OTHER INFORAMATION
“Other Information” is any information that does not reveal your specific identity or does not directly relate to an identifiable individual, such as:
· Browser and device information
· App usage data
· Information collected through cookies, pixel tags and other technologies
· Demographic information and other information provided by you that does not reveal your specific identity,
· Information that has been aggregated in a manner that it no longer reveals your specific identity
If we are required to treat Other Information as Personal Information under applicable law, then we may use and disclose it for the purposes for which we use and disclose Personal Information as detailed in this Policy.
Collection of Other Information
Through your browser or device: Certain information is collected by most browsers or automatically through your device, such as your Media Access Control (MAC) address, computer type (Windows or Mac), screen resolution, operating system name and version, device manufacturer and model, language, Internet browser type and version and the name and version of the Services (such as the App) you are using. We use this information to ensure that the Services function properly.
Through your use of the App: When you download and use the App, we and our service providers may track and collect App usage data, such as the date and time the App on your device accesses our servers and what information and files have been downloaded to the App based on your device number.
Using cookies: Cookies are pieces of information stored directly on the computer that you are using. Cookies allow us to collect information such as browser type, time spent on the Services, pages visited, language preferences, and other anonymous traffic data. We and our service providers use the information for security purposes, to facilitate navigation, to display information more effectively, and to personalize your experience. We also gather statistical information about use of the Services in order to continually improve their design and functionality, understand how they are used and assist us with resolving questions regarding them. We do not currently respond to browser do-not-track signals. If you do not want information collected through the use of cookies, most browsers allow you to automatically decline cookies or be given the choice of declining or accepting a particular cookie (or cookies) from a particular website. You may also wish to refer to http://www.allaboutcookies.org/manage-cookies/index.html for general information about cookies, and to your browser’s help files for browser-specific directions related to cookies. If, however, you do not accept cookies, you may experience some inconvenience in your use of the Services. You also may not receive advertising or other offers from us that are relevant to your interests and needs.
Using pixel tags and other similar technologies: Pixel tags (also known as web beacons and clear GIFs) may be used to, among other things, track the actions of users of the Services (including email recipients), measure the success of our marketing campaigns and compile statistics about usage of the Services and response rates.
Analytics: We use Adobe Analytics, which uses cookies and similar technologies to collect and analyze information about use of the Services and report on activities and trends. This service may also collect information regarding the use of other websites, apps and online resources. You can learn about Adobe’s practices by going to http://www.adobe.com/privacy/policy.html.
IP Address: Your IP address is automatically assigned to your computer by your Internet Service Provider. An IP address may be identified and logged automatically in our server log files whenever a user accesses the Services, along with the time of the visit and the page(s) that were visited. Collecting IP addresses is standard practice and is done automatically by many websites, applications and other services. We use IP addresses for purposes such as calculating usage levels, diagnosing server problems and administering the Services. We may also derive your approximate location from your IP address.
Uses and Disclosures of Other Information
We may use and disclose Other Information for any purpose, except where we are required to do otherwise under applicable law. In some instances, we may combine Other Information with Personal Information. If we do, we will treat the combined information as Personal Information as long as it is combined.
THIRD PARTY SERVICES
This Privacy Policy does not address, and we are not responsible for, the privacy, information or other practices of any third parties, including any third party operating any website or service to which the Services link. The inclusion of a link on the Services does not imply endorsement of the linked site or service by us or by our affiliates.
We are not responsible for the information collection, use, disclosure or security policies or practices of other organizations, such as LinkedIn or any other app developer, app provider, social media platform provider, operating system provider, wireless service provider or device manufacturer, including with respect to any Personal Information you disclose to other organizations through or in connection with the Apps or our Social Media Pages.
SECURITY
We seek to use reasonable organizational, technical and administrative measures to protect Personal Information within our organization. Unfortunately, no data transmission or storage system can be guaranteed to be 100% secure. If you have reason to believe that your interaction with us is no longer secure, please immediately notify us in accordance with the “Contacting Us” section below.
CHOICES AND ACCESS
Your choices regarding our use and disclosure of your Personal Information
We give you choices regarding our use and disclosure of your Personal Information for marketing purposes. You may opt-out from:
Receiving electronic communications from us: If you no longer want to receive marketing-related emails from us on a going-forward basis, you may opt-out by clicking the applicable link provided within such marketing-related email and following the instructions for updating your preferences as provided therein.
Our sharing of your Personal Information with affiliates for their direct marketing purposes: If you would prefer that we not share your Personal Information on a going-forward basis with our affiliates for their direct marketing purposes, you may opt-out of this sharing by clicking the applicable link provided within such marketing-related email and following the instructions for updating your preferences as provided therein.
We will try to comply with your request(s) as soon as reasonably practicable. Please note that if you opt-out of receiving marketing-related emails from us, we may still send you important administrative messages, from which you cannot opt-out.
How you can access, change or suppress your Personal Information
If you would like to review, correct, update, suppress, restrict or delete Personal Information that you have previously provided to us, you may do so by using the self-service functionality within the applicable Service.
RETENTION PERIOD
We will retain your Personal Information for as long as needed or permitted in light of the purpose(s) for which it was obtained. The criteria used to determine our retention periods include: (i) the length of time we have an ongoing relationship with you and provide the Services to you; (ii) whether there is a legal obligation to which we are subject; or (iii) whether retention is advisable in light of our legal position (such as in regard to applicable statutes of limitations, litigation or regulatory investigations).
USE OF SERVICES BY MINORS
The Services are not directed to individuals under the age of eighteen (18), and we do not knowingly collect Personal Information from individuals under 18.
JURISDICTION AND CROSS-BORDER TRANSFER
The Services are controlled and operated by us from the United States and are not intended to subject us to the laws or jurisdiction of any state, country or territory other than that of the United States. Your Personal Information may be stored and processed in any country where we have facilities or in which we engage service providers, and by using the Services you consent to the transfer of information to countries outside of your country of residence, including the United States, which may have data protection rules that are different from those of your country. In certain circumstances, courts, law enforcement agencies, regulatory agencies or security authorities in those other countries may be entitled to access your Personal Information.
SENSITIVE INFORMATION
We ask that you not send us, and you not disclose, any sensitive Personal Information (e.g., social security numbers, information related to racial or ethnic origin, political opinions, religion or other beliefs, health, biometrics or genetic characteristics, or criminal background) on or through the Services or otherwise to us.
UPDATES TO THIS PRIVACY POLICY
We may change this Privacy Policy. The “LAST UPDATED” legend at the top of this Privacy Policy indicates when this Privacy Policy was last revised. Any changes will become effective when we post the revised Privacy Policy on the Services. Your use of the Services following these changes means that you accept the revised Privacy Policy.
IMPORTANT INFORMATION FOR CALIFORNIA RESIDENTS
This California Consumer Privacy Act Notice provides information for certain California residents in connection with the California Consumer Privacy Act of 2018 (“CCPA”). Under the CCPA, and for purposes of this California Consumer Privacy Act Notice, “Personal Information” generally means information that identifies, relates to, or describes a California resident or household and includes the categories listed below. Below are details about the categories of Personal Information of California residents that we have collected or disclosed during the last 12 months.
Categories of Personal Information Collected: We collected the following categories of Personal Information:
A. Identifiers, such as name, contact information, and online identifiers;
B. Personal information, as defined in the California customer records law, such as employment and government-issued ID numbers;
C. Internet or network activity information, such as browsing history and interactions with our website;
D. Professional or employment-related information, such as company name; and
E. Inferences drawn from any of the Personal Information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics.
Sources of Personal Information. We collected Personal Information directly from California residents themselves in person, over the phone, via email, via the Services and separately from affiliates and third parties.
Purposes. We may use this Personal Information to respond to your requests, provide our products and services, and to accomplish our business purposes and objectives, including, for example, to market our products and services and those of our clients, conduct analytics, comply with law, legal process, and internal policies, and maintain records.
Disclosures of Personal Information. We disclosed the following Personal Information to our affiliates and service providers for our operational business purposes:
A. Identifiers, such as name, contact information, and online identifiers;
B. Personal information, as defined in the California customer records law, such as employment and government-issued ID numbers;
C. Internet or network activity information, such as browsing history and interactions with our website;
D. Professional or employment-related information, such as company name; and
E. Inferences drawn from any of the Personal Information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics.
“Sales” of Personal Information. The CCPA defines a “sale” as the disclosure of Personal Information in exchange for monetary or other valuable consideration. We have not “sold” Personal Information for purposes of the CCPA. The CCPA definition of “sale” does not include, for example, the transfer of Personal Information as an asset that is part of a merger, bankruptcy, or other disposition of all or any portion of our business.
If you are a California resident, you have the following rights:
(1) Right to Know. You have the right to request that we disclose to you the following information covering the 12 months preceding your request:
o The categories of Personal Information we collected about you and the categories of sources from which we collected such Personal Information;
o The specific pieces of Personal Information we collected about you;
o The business or commercial purpose for collecting Personal Information about you; and
o The categories of Personal Information about you that we otherwise shared or disclosed, and the categories of third parties with whom we s(1) Right to Request Deletion. You have the right to request that we delete Personal Information we collected from you.
To make a request for the disclosures or deletion described above, please contact us at ALPSPrivacy@alpsinc.com or call us at (844) 511-9635. We will respond to your request consistent with applicable law.
In order to verify your identity, SS&C ALPS will provide you with a CCPA request document, which will include a request for information including your name, your home and work addresses, your home and work email addresses and your home (or cell) and work phone numbers. We will also ask you to provide information about your relationship with SS&C ALPS.
If you are requesting disclosure of specific pieces of information maintained by SS&C ALPS, we will ask you to provide a signed declaration under penalty of perjury that you are the “Consumer” whose personal information is the subject of the request.
If you are an “Authorized Agent” making a request on behalf of a Consumer, in addition to the above information regarding the Consumer, we will ask you to provide a copy of a document permitting you to act on behalf of the Consumer, signed by you and the Consumer. SS&C ALPS will also require that the Consumer confirm directly to SS&C ALPS that they provided you permission to submit the request.
(2) Right to Be Free from Discrimination. You have the right to be free from unlawful discrimination for exercising your rights under the CCPA.
CONTACTING US
DST Systems, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc, located at 333 W 11th Street, Kansas City, Missouri 64105, is the company responsible for collection, use and disclosure of your Personal Information under this Privacy Policy. If you have any questions about this Privacy Policy, please contact us at ALPSPrivacy@alpsinc.com. Because email communications are not always secure, please do not include sensitive information in your emails to us.hared or to whom we disclosed such Personal Information.
As of June 24, 2002 the Select Sector SPDR Trust instituted the following changes: The Basic Industries Select Sector SPDR Fund changed its name to the Materials Select Sector SPDR Fund. The Consumer Services Select Sector SPDR Fund changed its name to the Health Care Select Sector SPDR Fund. The Cyclical/Transportation Select Sector SPDR Fund changed its name to the Consumer Discretionary Select Sector SPDR Fund.
Select Sector SPDR shareholders are subject to risks similar to those of holders of other sector stock portfolios. One primary consideration is that the general level of stock prices may decline, and thus the value of Select Sector SPDRs may decline. A Select Sector SPDR also may be adversely affected by the performance of the specific sector or group of industries upon which it is based. You can expect that shares in a Select Sector SPDR will move up or down in value with the value of its related Select Sector Index. In addition, the overall depth and liquidity of the secondary market in these shares may fluctuate.
Although Select Sector SPDRs are designed to provide investment results that, before expenses, generally correspond to the price and yield performance of their related Select Sector Indexes, the Funds of The Select Sector SPDR Trust may not be able to exactly replicate the performance of the Select Sector Indexes because of expenses and other factors.
Over time, the stock holdings of each Select Sector SPDR may be rebalanced to reflect changes in the composition of its related index. A Select Sector SPDR would incur transaction costs and other expenses as a result of rebalancing. Furthermore, a Select Sector SPDR would realize capital gains or losses from the sale of securities in a rebalancing.
Net long-term capital gains, if any, will be distributed to shareholders as capital gains distributions at least annually.
From a tax standpoint, you should be aware that the Select Sector SPDR Trust is structured as a regulated investment company, and that dividend distributions may not be characterized entirely as ordinary income. You may wish to consult your tax advisor in this regard.
You are not required to provide any personal information on this site unless you choose to provide your name, mailing or e-mail address to request information. We will not transfer your personal information to any non-Select Sector SPDR entity for commercial purposes. If you provide your e-mail address, you may receive e-mail from us.
Our web server will log your Internet Protocol (IP) address or the IP address of your proxy server. It will not systematically track your domain name or your e-mail address for any purpose.
LAST UPDATED: January 31, 2020
PRIVACY POLICY
This Privacy Policy describes our practices in connection with information that we collect through websites operated by ALPS Holdings, Inc. and its subsidiaries (“us” or “ALPS”) from which you are accessing this Privacy Policy (the “Websites”), through the software applications made available by us for use on or through computers and mobile devices (the “Apps”), through our social media pages (collectively, our “Social Media Pages”) (collectively, including the Websites, the Apps and our Social Media Pages, the “Services”). By using the Services, you agree to this Privacy Policy. The Privacy Policy also describes our practices in connection with information that we collect in person, over the phone, via email and from affiliates and third parties. Fund investors should refer to a fund’s privacy policy.
PERSONAL INFORMATION
“Personal Information” is information that identifies you as an individual or relates to an identifiable individual, including but not limited to:
· Name
· Postal address (including billing and shipping addresses)
· Telephone number
· Email address
· Profile picture
· Social media account ID
We may need to collect and process these types of Personal Information in order to provide the requested Services to you, or because we are legally required to do so. If you do not provide the information that we request, we may not be able to provide you with the requested Services.
Collection of Personal Information
We and our service providers may collect Personal Information in a variety of ways, including:
· Through the Services: We may collect Personal Information through the Services.
· Offline: We may collect Personal Information from you offline, such as when you attend one of our trade shows.
· From Other Sources: We may receive your Personal Information from other sources, such as public databases, joint marketing partners, social media platforms (including from people with whom you are friends or otherwise connected) and from affiliates and third parties. In addition, if you elect to connect your social media account to your Website account, certain Personal Information from your social media account will be shared with us, which may include Personal Information that is part of your profile or your friends’ profiles.
If you disclose any Personal Information relating to other people to us or to our service providers in connection with the Services, you represent that you have the authority to do so and to permit us to use the information in accordance with this Privacy Policy.
Use of Personal Information
· We and our service providers may use Personal Information for our legitimate business interests, including the following:
· To respond to your inquiries and fulfill your requests, complete your transactions, and provide you with related customer service.
· To send administrative information to you, such as changes to our terms, conditions and policies, as well as marketing communications that we believe may be of interest.
· To personalize your experience on the Services by presenting products and offers tailored to you, and to facilitate social sharing functionality.
· For our business purposes, such as data analysis, audits, fraud monitoring and prevention, developing new products, enhancing, improving or modifying our Services, identifying usage trends, determining the effectiveness of our promotional campaigns, and operating and expanding our business activities.
Disclosure of Personal Information
Your Personal Information may be disclosed to our affiliates and is subject to the following policy: https://www.ssctech.com/about-us/privacy. Additionally, personal information may be shared by us to:
· third party service providers who provide services such as website hosting, data analysis, information technology and related infrastructure provision, customer service, email delivery, auditing and other services.
· third parties, to permit them to send you marketing communications, consistent with your choices.
· by you, on message boards, chat, profile pages and blogs and other services to which you are able to post information and content (including, without limitation, our Social Media Pages). Please note that any information you post or disclose through these services will become public and may be available to other users and the general public.
· To your friends associated with your social media account, to other website users and to your social media account provider, in connection with your social sharing activity. By connecting your Services account and your social media account, you authorize us to share information with your social media account provider, and you understand that the use of the information we share will be governed by the social media provider’s privacy policy.
Other Uses and Disclosures
We may also use and disclose your Personal Information as we believe to be necessary or appropriate: (a) to comply with applicable law, which may include laws outside your country of residence, to respond to requests from public and government authorities, which may include authorities outside your country of residence, to cooperate with law enforcement, or for other legal reasons; (b) to enforce our terms and conditions; and (c) to protect our rights, privacy, safety or property, and/or that of our affiliates, you or others.
In addition, we may use, disclose or transfer your information to a third party in the event of any reorganization, merger, sale, joint venture, assignment, transfer or other disposition of all or any portion of our business, assets or stock (including in connection with any bankruptcy or similar proceedings).
OTHER INFORAMTION
“Other Information” is any information that does not reveal your specific identity or does not directly relate to an identifiable individual, such as:
· Browser and device information
· App usage data
· Information collected through cookies, pixel tags and other technologies
· Demographic information and other information provided by you that does not reveal your specific identity,
· Information that has been aggregated in a manner that it no longer reveals your specific identity
If we are required to treat Other Information as Personal Information under applicable law, then we may use and disclose it for the purposes for which we use and disclose Personal Information as detailed in this Policy.
Collection of Other Information
Through your browser or device: Certain information is collected by most browsers or automatically through your device, such as your Media Access Control (MAC) address, computer type (Windows or Mac), screen resolution, operating system name and version, device manufacturer and model, language, Internet browser type and version and the name and version of the Services (such as the App) you are using. We use this information to ensure that the Services function properly.
Through your use of the App: When you download and use the App, we and our service providers may track and collect App usage data, such as the date and time the App on your device accesses our servers and what information and files have been downloaded to the App based on your device number.
Using cookies: Cookies are pieces of information stored directly on the computer that you are using. Cookies allow us to collect information such as browser type, time spent on the Services, pages visited, language preferences, and other anonymous traffic data. We and our service providers use the information for security purposes, to facilitate navigation, to display information more effectively, and to personalize your experience. We also gather statistical information about use of the Services in order to continually improve their design and functionality, understand how they are used and assist us with resolving questions regarding them. We do not currently respond to browser do-not-track signals. If you do not want information collected through the use of cookies, most browsers allow you to automatically decline cookies or be given the choice of declining or accepting a particular cookie (or cookies) from a particular website. You may also wish to refer to http://www.allaboutcookies.org/manage-cookies/index.html for general information about cookies, and to your browser’s help files for browser-specific directions related to cookies. If, however, you do not accept cookies, you may experience some inconvenience in your use of the Services. You also may not receive advertising or other offers from us that are relevant to your interests and needs.
Using pixel tags and other similar technologies: Pixel tags (also known as web beacons and clear GIFs) may be used to, among other things, track the actions of users of the Services (including email recipients), measure the success of our marketing campaigns and compile statistics about usage of the Services and response rates.
Analytics: We use Adobe Analytics, which uses cookies and similar technologies to collect and analyze information about use of the Services and report on activities and trends. This service may also collect information regarding the use of other websites, apps and online resources. You can learn about Adobe’s practices by going to http://www.adobe.com/privacy/policy.html.
IP Address: Your IP address is automatically assigned to your computer by your Internet Service Provider. An IP address may be identified and logged automatically in our server log files whenever a user accesses the Services, along with the time of the visit and the page(s) that were visited. Collecting IP addresses is standard practice and is done automatically by many websites, applications and other services. We use IP addresses for purposes such as calculating usage levels, diagnosing server problems and administering the Services. We may also derive your approximate location from your IP address.
Uses and Disclosures of Other Information
We may use and disclose Other Information for any purpose, except where we are required to do otherwise under applicable law. In some instances, we may combine Other Information with Personal Information. If we do, we will treat the combined information as Personal Information as long as it is combined.
THIRD PARTY SERVICES
This Privacy Policy does not address, and we are not responsible for, the privacy, information or other practices of any third parties, including any third party operating any website or service to which the Services link. The inclusion of a link on the Services does not imply endorsement of the linked site or service by us or by our affiliates.
We are not responsible for the information collection, use, disclosure or security policies or practices of other organizations, such as LinkedIn or any other app developer, app provider, social media platform provider, operating system provider, wireless service provider or device manufacturer, including with respect to any Personal Information you disclose to other organizations through or in connection with the Apps or our Social Media Pages.
SECURITY
We seek to use reasonable organizational, technical and administrative measures to protect Personal Information within our organization. Unfortunately, no data transmission or storage system can be guaranteed to be 100% secure. If you have reason to believe that your interaction with us is no longer secure, please immediately notify us in accordance with the “Contacting Us” section below.
CHOICES AND ACCESS
Your choices regarding our use and disclosure of your Personal Information
We give you choices regarding our use and disclosure of your Personal Information for marketing purposes. You may opt-out from:
Receiving electronic communications from us: If you no longer want to receive marketing-related emails from us on a going-forward basis, you may opt-out by clicking the applicable link provided within such marketing-related email and following the instructions for updating your preferences as provided therein.
Our sharing of your Personal Information with affiliates for their direct marketing purposes: If you would prefer that we not share your Personal Information on a going-forward basis with our affiliates for their direct marketing purposes, you may opt-out of this sharing by clicking the applicable link provided within such marketing-related email and following the instructions for updating your preferences as provided therein.
We will try to comply with your request(s) as soon as reasonably practicable. Please note that if you opt-out of receiving marketing-related emails from us, we may still send you important administrative messages, from which you cannot opt-out.
How you can access, change or suppress your Personal Information
If you would like to review, correct, update, suppress, restrict or delete Personal Information that you have previously provided to us, you may do so by using the self-service functionality within the applicable Service.
RETENTION PERIOD
We will retain your Personal Information for as long as needed or permitted in light of the purpose(s) for which it was obtained. The criteria used to determine our retention periods include: (i) the length of time we have an ongoing relationship with you and provide the Services to you; (ii) whether there is a legal obligation to which we are subject; or (iii) whether retention is advisable in light of our legal position (such as in regard to applicable statutes of limitations, litigation or regulatory investigations).
USE OF SERVICES BY MINORS
The Services are not directed to individuals under the age of eighteen (18), and we do not knowingly collect Personal Information from individuals under 18.
JURISDICTION AND CROSS-BORDER TRANSFER
The Services are controlled and operated by us from the United States and are not intended to subject us to the laws or jurisdiction of any state, country or territory other than that of the United States. Your Personal Information may be stored and processed in any country where we have facilities or in which we engage service providers, and by using the Services you consent to the transfer of information to countries outside of your country of residence, including the United States, which may have data protection rules that are different from those of your country. In certain circumstances, courts, law enforcement agencies, regulatory agencies or security authorities in those other countries may be entitled to access your Personal Information.
SENSITIVE INFORMATION
We ask that you not send us, and you not disclose, any sensitive Personal Information (e.g., social security numbers, information related to racial or ethnic origin, political opinions, religion or other beliefs, health, biometrics or genetic characteristics, or criminal background) on or through the Services or otherwise to us.
UPDATES TO THIS PRIVACY POLICY
We may change this Privacy Policy. The “LAST UPDATED” legend at the top of this Privacy Policy indicates when this Privacy Policy was last revised. Any changes will become effective when we post the revised Privacy Policy on the Services. Your use of the Services following these changes means that you accept the revised Privacy Policy.
IMPORTANT INFORMATION FOR CALIFORNIA RESIDENTS
This California Consumer Privacy Act Notice provides information for certain California residents in connection with the California Consumer Privacy Act of 2018 (“CCPA”). Under the CCPA, and for purposes of this California Consumer Privacy Act Notice, “Personal Information” generally means information that identifies, relates to, or describes a California resident or household and includes the categories listed below. Below are details about the categories of Personal Information of California residents that we have collected or disclosed during the last 12 months.
Categories of Personal Information Collected: We collected the following categories of Personal Information:
A. Identifiers, such as name, contact information, and online identifiers;
B. Personal information, as defined in the California customer records law, such as employment and government-issued ID numbers;
C. Internet or network activity information, such as browsing history and interactions with our website;
D. Professional or employment-related information, such as company name; and
E. Inferences drawn from any of the Personal Information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics.
Sources of Personal Information. We collected Personal Information directly from California residents themselves in person, over the phone, via email, via the Services and separately from affiliates and third parties.
Purposes. We may use this Personal Information to respond to your requests, provide our products and services, and to accomplish our business purposes and objectives, including, for example, to market our products and services and those of our clients, conduct analytics, comply with law, legal process, and internal policies, and maintain records.
Disclosures of Personal Information. We disclosed the following Personal Information to our affiliates and service providers for our operational business purposes:
A. Identifiers, such as name, contact information, and online identifiers;
B. Personal information, as defined in the California customer records law, such as employment and government-issued ID numbers;
C. Internet or network activity information, such as browsing history and interactions with our website;
D. Professional or employment-related information, such as company name; and
E. Inferences drawn from any of the Personal Information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics.
“Sales” of Personal Information. The CCPA defines a “sale” as the disclosure of Personal Information in exchange for monetary or other valuable consideration. We have not “sold” Personal Information for purposes of the CCPA. The CCPA definition of “sale” does not include, for example, the transfer of Personal Information as an asset that is part of a merger, bankruptcy, or other disposition of all or any portion of our business.
If you are a California resident, you have the following rights:
(1) Right to Know. You have the right to request that we disclose to you the following information covering the 12 months preceding your request:
o The categories of Personal Information we collected about you and the categories of sources from which we collected such Personal Information;
o The specific pieces of Personal Information we collected about you;
o The business or commercial purpose for collecting Personal Information about you; and
o The categories of Personal Information about you that we otherwise shared or disclosed, and the categories of third parties with whom we shared or to whom we disclosed such Personal Information.
(2) Right to Request Deletion. You have the right to request that we delete Personal Information we collected from you.
To make a request for the disclosures or deletion described above, please contact us at DSTPrivacyOfficer@DSTSystems.com , call us at (866) 759-5679 or use the “Contact Us” form on alpsfunds.com. We will respond to your request consistent with applicable law.
(3) Right to Be Free from Discrimination. You have the right to be free from unlawful discrimination for exercising your rights under the CCPA.
CONTACTING US
DST Systems, Inc., located at 333 W 11th Street, Kansas City, Missouri 64105, is the company responsible for collection, use and disclosure of your Personal Information under this Privacy Policy. If you have any questions about this Privacy Policy, please contact us at DSTPrivacyOfficer@DSTSystems.com. Because email communications are not always secure, please do not include sensitive information in your emails to us.