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Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ALPS | Smith Balanced Opportunity Fund

ALCBX | Fund

$12.09

$23.1 M

0.00%

2.61%

Vitals

YTD Return

3.7%

1 yr return

12.9%

3 Yr Avg Return

1.6%

5 Yr Avg Return

N/A

Net Assets

$23.1 M

Holdings in Top 10

21.1%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.61%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/16/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

ALPS | Smith Balanced Opportunity Fund

ALCBX | Fund

$12.09

$23.1 M

0.00%

2.61%

ALCBX - Profile

Distributions

  • YTD Total Return 3.7%
  • 3 Yr Annualized Total Return 1.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    ALPS | Smith Balanced Opportunity Fund
  • Fund Family Name
    ALPS Advised Funds
  • Inception Date
    Sep 15, 2020
  • Shares Outstanding
    51538
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Eric Bernum

Fund Description

The Fund pursues its investment objective by normally investing 60% of its assets in equity securities and 40% of its assets in fixed-income securities and cash equivalents. The Fund’s investment adviser and investment sub-adviser will mutually agree upon this allocation and make adjustments to the exact percentages from time to time.

Equity securities in which the Fund may invest include common stocks and preferred stocks. The primary decision factor in building the equity portion of the investment portfolio is the combination of dividend-paying stocks and stocks determined to have high or improving return on invested capital (“ROIC”). The Fund may invest in companies that have market capitalizations of any size. Up to 25% of the equity portion of the investment portfolio may be in stocks outside of the US.

The Fund’s fixed-income investments may reflect a broad range of credit qualities and may include corporate debt securities, U.S. Government obligations, agency mortgage-backed securities, asset-backed securities, and bank loans. The Fund’s investments in bank loans may be securitized or non-securitized and may be syndicated or non-syndicated. The Fund may invest in instruments of any maturity or duration. In addition, the Fund may invest up to 35% of the fixed-income portion of the Fund’s portfolio in high-yield/high-risk bonds, also known as “junk” bonds. The Fund may enter into “to be announced” or “TBA” commitments when purchasing agency mortgage-backed securities and other securities. The Fund’s investments in agency mortgage-backed securities are generally not subject to limitation, except to the extent such investments would be inconsistent with another stated investment strategy or policy.

In addition to considering economic factors such as the effect of interest rates on the Fund’s investments, the portfolio managers typically apply a “bottom up” approach in choosing investments. Due to the nature of the securities in which the Fund invests, the Fund may have relatively high portfolio turnover compared to other funds.

The portfolio managers use a disciplined sell strategy for the Fund. The portfolio managers may sell securities because of a deterioration of the underlying company’s financials, such as earnings or cash flow, or because of an increase in the price of a security that would make it expensive relative to the other securities held by the Fund. Other reasons may include a change in management or control of the company, a need to raise cash or changes in the regulatory or economic environment in which the company operates. Portfolio managers can also sell any security at their discretion based on changes in expected valuation, volatility or other statistical or fundamental parameters.

Read More

ALCBX - Performance

Return Ranking - Trailing

Period ALCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -2.1% 22.4% 10.49%
1 Yr 12.9% -10.7% 37.8% 20.98%
3 Yr 1.6%* -7.5% 7.9% 47.02%
5 Yr N/A* -4.7% 13.9% 38.72%
10 Yr N/A* 0.5% 10.6% 50.42%

* Annualized

Return Ranking - Calendar

Period ALCBX Return Category Return Low Category Return High Rank in Category (%)
2023 14.3% -12.2% 23.9% 9.99%
2022 -17.2% -34.7% 0.0% 35.52%
2021 14.5% -11.9% 18.1% 2.36%
2020 N/A -20.9% 39.7% 99.39%
2019 N/A 0.8% 25.7% 0.94%

Total Return Ranking - Trailing

Period ALCBX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.7% -2.1% 22.4% 10.49%
1 Yr 12.9% -10.7% 37.8% 20.98%
3 Yr 1.6%* -7.5% 7.9% 47.02%
5 Yr N/A* -4.7% 13.9% 46.19%
10 Yr N/A* 0.5% 10.6% 84.55%

* Annualized

Total Return Ranking - Calendar

Period ALCBX Return Category Return Low Category Return High Rank in Category (%)
2023 15.5% -12.2% 26.8% 28.69%
2022 -16.7% -29.0% 10.9% 80.03%
2021 14.7% -3.0% 24.2% 31.27%
2020 N/A -19.5% 40.6% 99.39%
2019 N/A 4.4% 32.7% 4.69%

NAV & Total Return History

ALCBX - Holdings

Concentration Analysis

ALCBX Category Low Category High ALCBX % Rank
Net Assets 23.1 M 789 K 217 B 95.45%
Number of Holdings 308 2 15716 30.51%
Net Assets in Top 10 5.03 M 618 K 62.8 B 97.92%
Weighting of Top 10 21.12% 11.4% 121.1% 90.43%

Top 10 Holdings

  1. Microsoft Corp. 3.14%
  2. State Street Institutional Treasury Plus Money Market Fund - Premier Class 2.40%
  3. JPMorgan Chase Co. 2.31%
  4. NVIDIA Corp. 2.29%
  5. U.S. Treasury Bond 2.05%
  6. U.S. Treasury Bond 1.91%
  7. Alphabet, Inc. 1.86%
  8. Apple, Inc. 1.73%
  9. Amazon.com, Inc. 1.73%
  10. U.S. Treasury Bond 1.71%

Asset Allocation

Weighting Return Low Return High ALCBX % Rank
Stocks 		61.21% 0.00% 103.09% 67.41%
Bonds 		35.19% 0.00% 77.27% 23.58%
Cash 		3.34% -10.21% 100.00% 30.65%
Preferred Stocks 		0.26% 0.00% 23.88% 10.96%
Other 		0.00% -42.80% 117.44% 58.53%
Convertible Bonds 		0.00% 0.00% 23.84% 91.34%

Stock Sector Breakdown

Weighting Return Low Return High ALCBX % Rank
Technology 		20.35% 0.00% 44.21% 43.70%
Financial Services 		15.07% 0.00% 38.77% 43.70%
Healthcare 		12.72% 0.00% 29.35% 71.01%
Consumer Cyclical 		11.71% 0.00% 19.36% 18.63%
Industrials 		11.70% 0.00% 24.37% 25.49%
Consumer Defense 		8.24% 0.00% 15.14% 19.19%
Energy 		6.91% 0.00% 85.65% 23.39%
Basic Materials 		5.77% 0.00% 33.35% 12.04%
Communication Services 		5.70% 0.00% 38.10% 81.37%
Real Estate 		1.84% 0.00% 65.01% 79.55%
Utilities 		0.00% 0.00% 99.55% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High ALCBX % Rank
US 		61.21% 0.00% 103.09% 60.33%
Non US 		0.00% 0.00% 38.68% 45.77%

Bond Sector Breakdown

Weighting Return Low Return High ALCBX % Rank
Corporate 		49.10% 0.00% 98.21% 19.41%
Government 		25.55% 0.00% 97.26% 59.78%
Securitized 		22.66% 0.00% 92.13% 34.64%
Cash & Equivalents 		3.02% 0.00% 100.00% 32.32%
Derivative 		0.00% -3.07% 46.02% 46.74%
Municipal 		0.00% 0.00% 24.80% 70.53%

Bond Geographic Breakdown

Weighting Return Low Return High ALCBX % Rank
US 		35.19% 0.00% 77.27% 22.05%
Non US 		0.00% 0.00% 14.17% 34.26%

ALCBX - Expenses

Operational Fees

ALCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.61% 0.03% 17.63% 5.39%
Management Fee 0.70% 0.00% 1.83% 84.97%
12b-1 Fee 0.75% 0.00% 1.00% 74.19%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

ALCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 35.42%

Trading Fees

ALCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ALCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 343.00% 29.84%

ALCBX - Distributions

Dividend Yield Analysis

ALCBX Category Low Category High ALCBX % Rank
Dividend Yield 0.00% 0.00% 18.11% 88.41%

Dividend Distribution Analysis

ALCBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Quarterly Quarterly

Net Income Ratio Analysis

ALCBX Category Low Category High ALCBX % Rank
Net Income Ratio -0.35% -2.34% 19.41% 96.75%

Capital Gain Distribution Analysis

ALCBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

ALCBX - Fund Manager Analysis

Managers

Eric Bernum

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Mr. Bernum is an Investor with Smith Capital Investors, LLC, and has served as portfolio manager of the Funds since 2019. Prior to his association with Smith Capital Investors, Mr. Bernum was an Executive Director, Senior Portfolio Manager at J.P. Morgan Asset Management from 2017 to 2018. Before that, Mr. Bernum was at Janus Capital Group from 2004 to 2017 holding various positions including Assistant Portfolio Manager and the Co-Head of Global Fixed Income Trading. Mr. Bernum holds a Bachelor’s degree in Finance from Colorado State University.

Gibson Smith

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Mr. Smith is the Chief Investment Officer of Smith Capital Investors, LLC. Prior to his association with Smith Capital Investors, Mr. Smith was with Janus Capital from 2001 until March 2016. He served as the Chief Investment Officer of Fixed Income for Janus Capital from 2006 to 2016. Mr. Smith holds a Bachelor’s degree in Economics from the University of Colorado.

Laton Spahr

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Laton Spahr serves as portfolio manager of the Large Cap Value, Dividend Value and Mid Cap Value strategies. Prior to joining the firm in March 2013, Laton was a senior portfolio manager at Columbia Management Investment Advisors since 2003, managing value and income strategies across institutional and retail investment channels. During his twelve-year tenure at Columbia Management, he also conducted equity risk management, analyzed and traded derivatives and structured products, and was a technology analyst. Laton was an equity analyst at Holland Capital Management from 1999 to 2001, a research intern at Friess Associates from 1998 to 1999, and a commercial loan officer at Jackson State Bank from 1997 to 1998. He holds a B.S. in finance and minor in accounting from the University of Wyoming and an M.S. in finance, investments, and banking as part of the Applied Security Analysis program at the University of Wisconsin. Laton is also a CFA charterholder.

Eric Hewitt

Start Date

Tenure

Tenure Rank

Sep 15, 2020

1.71

1.7%

Eric Hewitt serves as lead portfolio manager of the Small Cap Value strategy, co-portfolio manager of the Mid Cap Value strategy and senior research analyst for the Large Cap Value and Dividend Value strategies. Prior to joining the firm in March 2013, Eric was a product manager and customer portfolio manager responsible for multiple value strategies at Columbia Management Investment Advisors. From 2009 to 2012, he was a senior equity analyst at Diamondback/Harbor Watch Capital Management for a multi-strategy hedge fund and focused on mid- and small-cap value stocks in the consumer non-cyclical and cyclical sectors and related industrial and financial areas. From 1999 to 2009, Eric worked at AllianceBernstein, serving as senior equity analyst and portfolio manager. Prior to AllianceBernstein, he was a bond trader and funding specialist at Lehman Brothers for five years. Eric holds a B.A. in political science and international relations from the University of Wisconsin and an M.B.A. with a concentration in finance from the University of Minnesota – Carlson School of Management.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.34 2.41

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