Monday Mailbag: Shhh! It’s a Quiet Period!

09/08/14 | Maria Halmo

When does Alerian enter its quiet period?

We enter our quiet period beginning at market close two weeks before each quarterly rebalancing date. Since quarterly rebalancings take place on the third Friday of March, June, September, and December, we enter our quiet period at 15:00 CST on the first Friday of those months. It also means Alerian is currently in a quiet period, for those playing along at home.

Wait. Why does Alerian have a quiet period?

We enter a quiet period at the same time as we pull the data for the rebalancing. As the results of our index rebalancings are considered material nonpublic information, we do not publicly discuss our indices, methodology guides, or other details during the period that the stat nerds are crunching the numbers. When we do note any constituent additions or deletions to the Alerian Index Series in the press releases before market open on the second Friday of those months, the information is disseminated fairly to the entire market.

What if you release an update to the methodology guide during the rebalancing period?

Any updates to our methodology guides will be released in advance of a quiet period so that interested parties have time to understand and digest the information. They are written with the goal of being easily understood and, with work, replicated. To ensure that you receive notice of any updates, please sign up for our mailing list.

I have a question about something else! Will you still answer it during your quiet period?

Sure. If you’re looking for historical index information, benchmarking help, educational pieces, or even just our favorite flavor of popsicle, we’d be happy to help you any time of the year.

When is your quiet period over?

The Monday after the quarterly rebalancing takes place, we’ll be happy to answer any and all questions you may have. Someone will be available to answer your calls by market open (08:30 CST); however, there is occasionally a high call volume. We will get back to you as soon as we can.