Blue Tractor Group Files Fifth Amended Application with the Securities and Exchange Commission

Firm’s Shielded Alpha℠ structure provides revolutionary way for active managers to port their strategy to an ETF wrapper while protecting key sources of alpha

New York, New York, UNITED STATES

NEW YORK, April 11, 2018 (GLOBE NEWSWIRE) -- Blue Tractor Group, LLC (“Blue Tractor”) is today announcing the filing of its fifth amended and restated application with the U.S. Securities and Exchange Commission (“SEC”) focused on Blue Tractor’s innovative Shielded Alpha ETF structure.

The Shielded Alpha ETF is designed to be highly transparent, disclosing the full list of portfolio holdings to the market, while avoiding disclosure of the specific portfolio weightings.   

“Best in class active managers have long been hesitant to embrace the fully transparent ETF structure out of concern that the required daily portfolio disclosure will provide too much ammunition for predatory traders,” said Terence (Terry) Norman, Founder of Blue Tractor. “The Shielded Alpha structure uniquely solves this issue from the point of view that it is far less important to shield the names in a portfolio and much more meaningful to shield the weightings; after all, it’s what a manager is doing with their holdings that drives potential outperformance.”

Simon Goulet, Co-Founder of Blue Tractor, said, “The feedback from the SEC has been invaluable in our efforts over the past few months to update and finalize this latest iteration of our Shielded Alpha filing, and we remain appreciative of the time and effort that the SEC has spent in discussion with us on this. A new approach such as ours, which has the potential to truly level the playing field for any active manager looking to move into the world of ETFs, is a major step forward for the industry and we look forward to our continued dialogue with the SEC.”

As with previous iterations, this most recent application was prepared by Michael W. Mundt, Partner in the Washington, D.C. office of Stradley Ronon Stevens & Young, LLP and is now available for review on the SEC’s website through the EDGAR database at

Blue Tractor seeks to enter into licensing agreements with investment advisers who could potentially utilize the Shielded Alpha solution to bring to market their own Shielded Alpha ETFs.

About Blue Tractor Group
Blue Tractor Group, LLC develops proprietary solutions to facilitate novel exchange traded fund products. Blue Tractor’s Shielded Alpha ETF structure (patent pending) permits active fund management within an ETF wrapper, while fully shielding the fund’s proprietary alpha strategy. More information can be found at

Chris Sullivan/David Savino
MacMillan Communications
(212) 473-4442