ALPS Global Opportunity Portfolio
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Overview
Investment Objective
The ALPS Global Opportunity Portfolio seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.
Strategy
The Portfolio provides access to global companies the Adviser believes to have a superior and more flexible capital allocation process with the ability to provide consistently high returns on invested capital.
Fund Details
Variable Insurance Trust
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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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.
The performance shown does not reflect the impact of costs associated with variable contracts, qualified pension and retirement plans or registered and unregistered separate accounts which, when deducted, will reduce the return figures quoted.
Fund inception date: 10/24/2014
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
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^ What You Pay reflects the Adviser’s decision to contractually limit expenses through 04/29/2025. Please see the prospectus for additional information.
Facts and Characteristics
Fund Pricing
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Risk Metrics
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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 AVPEX
ALPS Global Opportunity Fund
Fund Disclosure
Shares of the Portfolio are only offered to participating insurance companies and their separate accounts to fund the benefits of variable annuity contracts and variable life insurance policies. Shares of the Portfolio also may be used as investment vehicles for qualified pension and retirement plans and certain registered and unregistered separate accounts.
Certain of the Portfolio’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 Portfolio 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 Portfolio 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 Portfolio. ALPS Advisors, Inc. is affiliated with ALPS Portfolio Solutions Distributor, Inc.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Portfolio.