ALPS Global Opportunity Fund
NAV
NAV Change
Net Assets
Trailing Twelve Month Yield
Overview
Investment Objective
The ALPS Global Opportunity Fund seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.
Strategy
The Fund seeks to invest in global companies which are believed to have a superior and more flexible capital allocation process with the ability to provide potentially high returns on invested capital.
Fund Details
Mutual Fund
Annually
Morningstar Developed Markets Index
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Team
Andrew Drummond
Vice President, Portfolio Manager
Portfolio Manager Since: 2017
Years of Experience: 32
Andrew Drummond is Portfolio Manager of the ALPS Global Opportunity Fund and the ALPS Global Opportunity Portfolio. He has over 30 years of investment experience across global equities, value and growth equity investing, global corporate debt, and private equity and debt.
Prior to joining Red Rocks Capital in 2007 (acquired by ALPS Advisors, Inc. in 2015 and consolidated into ALPS Advisors, Inc. in 2023), Andrew was a Portfolio Manager at Sargent, Bickham Lagudis (now Lido Advisors) in Boulder, Colorado. Previously, he was an Equity Analyst for Berger Financial Group (acquired by Janus) and a Fixed Income Analyst for Colorado Public Employees’ Retirement Association (PERA). He began his investment management career at The Boston Company Asset Management in 1992 (now Mellon Investments Company).
Andrew received his MS in Finance from the University of Denver and his BS in Finance from the University of Colorado.
Performance and Fees
Returns
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As of
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. For current month-end performance call 1-866-759-5679 or visit www.alpsfunds.com. Performance includes reinvested distributions and capital gains.
Maximum Offering Price (MOP) performance for Class A shares includes the Fund’s maximum sales charge of 5.50%.
Contingent Deferred Sales Charge (CDSC) performance for Class C shares includes a 1% CDSC on shares redeemed within 12-months of purchase. Performance shown at Net Asset Value (NAV) does not include these sales charges and would have been lower had it been taken into account.
Effective 06/12/2018, Class A shares of the Fund were added as a new available class. Performance for Class A shares prior to 06/12/2018 reflects the historical performance of the Fund’s Investor Class shares, calculated using the fees and expenses of Class A shares.
Effective 06/30/2010, Class C shares of the Fund were added as a new available class. Performance for Class C shares prior to 06/30/2010 reflects the historical performance of the Fund’s Investor Class shares, calculated using the fees and expenses of Class C shares.
Fund inception date: 12/31/2007
Morningstar Developed Markets Index: measures the performance of developed regional markets targeting the top 97% of stocks by market capitalization.
Red Rocks Global Listed Private Equity Index: comprised of 40-75 listed private equity companies and provides broad exposure to the growth and returns generated by hundreds of private companies.
One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Fees
As of
* Fee imposed on purchases.
** A percentage of the lower of original purchase price or redemption proceeds.
^ Total Operating Expenses after Fee Waiver reflects the Adviser’s decision to contractually limit expenses through 02/28/2025 and the direct operating expenses and indirect costs of investing in the acquired funds. As shown in the Fund’s prospectus dated 02/28/2024, indirect costs of investing in the acquired funds was 0.99% for each class. If the indirect costs were excluded from Total Operating Expenses after Fee Waiver as shown above, Total Operating Expenses after Fee Waiver would be 1.25%, 1.65%, 1.65%, 2.25% and 1.75%, respectively. Please see the prospectus for additional information.
Facts and Characteristics
Fund Pricing
As of
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Fund Yields
Trailing Twelve Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.
30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.
30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
Risk Metrics
For the 3 years ending
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Portfolio
Geography Breakdown
- Top Five Holdings
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Geography Breakdown
- Top Five Holdings
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Fund Holdings
Funds Related to LPEIX
ALPS Global Opportunity Portfolio
Fund Disclosure
Certain of the Fund’s investments may be exposed to liquidity risk due to low trading volume, lack of a market maker or legal restrictions limiting the ability of the Fund to sell particular securities at an advantageous price and/or time. As a result these securities may be more difficult to value. Foreign investing involves special risks such as currency fluctuations and political uncertainty. The Fund invests in derivatives and is subject to the risk that the value of those derivative investments will fall because of pricing difficulties or lack of correlation with the underlying investment.
There are inherent risks in investing in private equity companies, which encompass financial institutions or vehicles whose principal business is to invest in and lend capital to privately-held companies. Generally, little public information exists for private and thinly traded companies, and there is a risk that investors may not be able to make a fully informed investment decision.
Listed Private Equity Companies may have relatively concentrated investment portfolios, consisting of a relatively small number of holdings. A consequence of this limited number of investments is that the aggregate returns realized may be adversely impacted by the poor performance of a small number of investments, or even a single investment, particularly if a company experiences the need to write down the value of an investment.
The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in mutual funds generally or in the Fund in particular or the ability of the Morningstar Index Data to track general mutual fund market performance.
THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE MORNINGSTAR INDEX DATA OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.
ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc. is affiliated with ALPS Portfolio Solutions Distributor, Inc.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.