ALPS | Smith Total Return Bond Fund
NAV
NAV Change
Net Assets
Trailing Twelve Month Yield
Fact Sheet
View the latest monthly updates for the ALPS | Smith Total Return Bond Fund.
Overview
Investment Objective
The ALPS | Smith Total Return Bond Fund seeks to obtain maximum total return, consistent with preservation of capital.
Strategy
The Fund pursues its investment objective by primarily investing at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. The Fund seeks risk-adjusted returns, capital preservation and risk diversification.
Fund Details
Fund Type
Mutual Fundas of 09/30/2024
5.75
Distribution Frequency
MonthlyBloomberg US Aggregate Bond Index
| Ticker | CUSIP | ISIN | Net Assets as of
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Inception Date | |
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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 2.25%.
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.
Fund inception date: 06/29/2018
Bloomberg US Aggregate Bond Index: a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, fixed-rate agency MBS, ABS and CMBS (agency and non-agency). 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.
^ What You Pay reflects the Adviser’s and Sub-Adviser's decision to contractually limit expenses through 02/28/2025. 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
Credit Quality
1 Bloomberg US Aggregate Bond Index
Credit Quality is a measure of the credit worthiness and risk of a bond or portfolio, based on the issuer’s financial condition. AAA/Aaa is highest and D is lowest. If applicable, the Pre-Refunded/Agency category includes bonds which are secured by US Government Securities and therefore are deemed high-quality investment-grade by the Advisor. If applicable, the Not Rated category includes bonds that are not rated by a Nationally Recognized Statistical Rating Organization.
Composite Rating Source: Bloomberg L.P., ratings presented are a blend of a security’s Moody’s, S&P, Fitch and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. Ratings presented may differ when viewed on an agency-by agency basis.
Sector Breakdown
- Top Five Holdings
| Company Name | % of Fund |
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Fund Holdings
Funds Related to SMTHX
ALPS | Smith Credit Opportunities Fund
ALPS | Smith Short Duration Bond Fund
ALPS | Smith Core Plus Bond ETF
Fund Disclosure
The characteristics presented reflect trade date + 1 information.
A rise in interest rates typically causes bond prices to fall. The longer the duration of the bonds held by a fund, the more sensitive it will likely be to interest rate fluctuations. Duration measures the weighted average term to maturity of a bond’s expected cash flows. Duration also represents the approximate percentage change that the price of a bond would experience for a 1% change in yield. For example: the price of a bond with a duration of 5 years would change approximately 5% for a 1% change in yield. The price of a bond with a duration of 10 years would be expected to decline by approximately 10% if its yield was to rise by +1%. Bond yields tend to fluctuate in response to changes in market levels of interest rates. Generally, if interest rates rise, a bond’s yield will also rise in response; the duration of the bond will determine how much the price of the bond will change in response to the change in yield.
The Fund’s investments in fixed-income securities and positions in fixed-income derivatives may decline in value because of changes in interest rates. As nominal interest rates rise, the value of fixed-income securities and any long positions in fixed-income derivatives held by the Fund are likely to decrease, whereas the value of its short positions in fixed-income derivatives is likely to increase.
Overall securities market risks may affect the value of individual instruments in which the Fund invests. Factors such as domestic and foreign economic growth and market conditions, interest rate levels, and political events affect the securities and derivatives markets. When the value of the Fund’s investments goes down, your investment in the Fund decreases in value and you could lose money.
ALPS Advisors, Inc. and Smith Capital Investors, LLC, registered investment advisers with the SEC, are the investment adviser and sub-adviser to the Fund, respectively. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Smith Capital Investors, LLC.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.