RiverFront Asset Allocation Agrsv L
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-4.7%
1 yr return
18.5%
3 Yr Avg Return
16.1%
5 Yr Avg Return
9.8%
Net Assets
$26.3 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.90%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 22.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RLTIX - Profile
Distributions
- YTD Total Return -4.7%
- 3 Yr Annualized Total Return 16.1%
- 5 Yr Annualized Total Return 9.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.68%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameRiverFront Asset Allocation Aggressive
-
Fund Family NameALPS
-
Inception DateOct 28, 2008
-
Shares Outstanding1048835
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBill Ryder
Fund Description
ALPS Advisors, Inc. (the “Adviser”) and RiverFront Investment Group, LLC (the “Sub-Adviser” or “RiverFront”) seek to achieve the Fund’s investment objective by strategically investing in, and tactically adjusting allocations to, exchange-traded funds (ETFs) that, under normal market conditions, are expected to primarily consist of ETFs sub-advised by RiverFront (“RiverFront ETFs”). The Fund also seeks, under normal market conditions, a target asset allocation, on a look-through basis, of 100% to equities and 0% to fixed-income securities, subject to the variations described below. The Fund’s strategic allocation refers to the Sub-Adviser’s long-term, macro-view targeted allocation of asset class exposure that takes into consideration the Fund’s particular investment objective and risk limitations. The Fund’s tactical adjustments refer to the Sub-Adviser’s periodic (typically quarterly, under normal circumstances) modifications of the Fund’s allocation in response to prevailing market conditions, to seek to emphasize asset classes that have positive momentum.
The Fund is designed to meet investor needs for a diversified portfolio solution with a defined objective of long-term growth through a fully managed investment policy utilizing primarily RiverFront ETFs that collectively feature a mix of exposure to equity securities and debt securities (with a strong emphasis on the former) of both United States and foreign issuers, the combination of which will be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. Variations of up to 20% in the target asset allocation between equities and fixed income securities are permitted. Therefore, under normal conditions, the equity/fixed income allocation in the Fund may be up to 80%/20% instead of the 100%/0% target. The portfolio is built around a strategic allocation which allocates the portfolio’s investments into large, small, and mid-cap equities, and which may include international equities (including emerging markets). During periods of heightened market uncertainty the Fund may hold fixed income RiverFront ETFs. The fixed income ETFs included in the portfolio may hold fixed income instruments of any credit quality, including “junk” bonds, and of any duration. RiverFront may tactically depart from the targeted allocations when certain sectors appear to be over- or under-valued. The equity issuers to which the Fund will have exposure may be issuers of any market capitalization.
The Sub-Adviser researches and implements its fundamental and technical disciplines on a global basis, without focusing on any one particular geographic region or segment. In addition, the investment universe of certain of the RiverFront ETFs in which the Fund invests corresponds with the companies contained in the MSCI ACWI index, which presently includes issuers from 23 developed and 24 emerging markets.
In making strategic asset allocation decisions for the Fund, RiverFront seeks to identify various equity and other asset classes or market sectors that appear to present attractive relative long-term value and capital growth opportunities over a three- to ten-year period, and to position the Fund’s portfolio
across asset classes that offer the optimal combination of risk and long-term return potential. After determining the strategic asset allocation for the Fund, RiverFront applies tactical allocation that incorporates price, economic and earnings momentum into the asset allocation decisions. Tactical allocation combines mathematical valuation models with market judgment and technical analysis in making risk-controlled adjustments to the strategic asset allocation in order to take advantage of short-term opportunities.
Certain of the RiverFront ETFs that invest in securities of non-U.S. companies may seek to hedge their currency exposure by entering into currency forward contracts or futures contracts.
Each RiverFront ETF may also invest in common and preferred shares of real estate investment trusts (or REITs), which are companies that invest in real estate, mortgages, and/or construction loans.
Under normal circumstances, the Fund may invest at least 25% of its portfolio holdings in the First Trust RiverFront Dynamic Developed International ETF.
RLTIX - Performance
Return Ranking - Trailing
Period | RLTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -35.6% | 29.2% | 43.40% |
1 Yr | 18.5% | 17.3% | 252.4% | 65.11% |
3 Yr | 16.1%* | -3.5% | 34.6% | 94.16% |
5 Yr | 9.8%* | 0.1% | 32.7% | 83.36% |
10 Yr | 9.1%* | -6.9% | 18.3% | 88.50% |
* Annualized
Return Ranking - Calendar
Period | RLTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.5% | -24.3% | 957.1% | 68.20% |
2022 | 7.3% | -38.3% | 47.1% | 62.71% |
2021 | 19.2% | -54.2% | 0.6% | 99.06% |
2020 | -36.4% | -76.0% | 54.1% | 57.98% |
2019 | 16.6% | -26.1% | 47.8% | 41.95% |
Total Return Ranking - Trailing
Period | RLTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.7% | -35.6% | 29.2% | 44.52% |
1 Yr | 18.5% | 11.4% | 252.4% | 61.25% |
3 Yr | 16.1%* | -3.5% | 34.6% | 92.34% |
5 Yr | 9.8%* | 0.1% | 32.7% | 81.74% |
10 Yr | 9.1%* | -6.9% | 18.3% | 87.20% |
* Annualized
Total Return Ranking - Calendar
Period | RLTIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.5% | -24.3% | 957.1% | 68.20% |
2022 | 7.3% | -33.1% | 47.1% | 63.08% |
2021 | 19.2% | -44.4% | 1.8% | 99.19% |
2020 | -36.4% | -6.5% | 54.1% | 80.53% |
2019 | 16.6% | -14.4% | 47.8% | 59.97% |
NAV & Total Return History
RLTIX - Holdings
Concentration Analysis
RLTIX | Category Low | Category High | RLTIX % Rank | |
---|---|---|---|---|
Net Assets | 26.3 M | 199 K | 133 B | 87.28% |
Number of Holdings | 7 | 1 | 9075 | 96.15% |
Net Assets in Top 10 | 26.3 M | -18 M | 37.6 B | 74.78% |
Weighting of Top 10 | N/A | 9.1% | 100.0% | 1.35% |
Top 10 Holdings
- RiverFront Dynamic US Dividend Advtg ETF 31.81%
- RiverFront Dynamic US Flex-Cap ETF 30.13%
- First Trust RiverFront Dyn Dev Intl ETF 18.69%
- First Trust RiverFront Dyn Em Mkts ETF 9.78%
- First Trust RiverFront Dynamic Eurp ETF 6.56%
- State Street Instl Trs Pls MMkt Premier 3.09%
- First Trust RiverFront Dyn Asia Pac ETF 3.06%
Asset Allocation
Weighting | Return Low | Return High | RLTIX % Rank | |
---|---|---|---|---|
Stocks | 96.60% | 61.84% | 125.47% | 68.17% |
Cash | 3.22% | -174.70% | 23.12% | 25.22% |
Preferred Stocks | 0.10% | -0.01% | 5.28% | 97.47% |
Other | 0.08% | -13.98% | 19.14% | 97.36% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 97.58% |
Bonds | 0.00% | -1.50% | 161.67% | 97.58% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RLTIX % Rank | |
---|---|---|---|---|
Technology | 22.16% | 0.00% | 49.87% | 27.20% |
Financial Services | 14.20% | 0.00% | 38.42% | 61.23% |
Healthcare | 13.20% | 0.00% | 35.42% | 72.03% |
Industrials | 11.74% | 0.00% | 44.06% | 44.16% |
Consumer Defense | 8.14% | 0.00% | 73.28% | 38.44% |
Consumer Cyclical | 6.78% | 0.00% | 40.94% | 65.09% |
Real Estate | 6.65% | 0.00% | 39.48% | 3.63% |
Basic Materials | 4.89% | 0.00% | 38.60% | 20.37% |
Communication Services | 4.75% | 0.00% | 57.66% | 75.22% |
Utilities | 3.98% | 0.00% | 29.12% | 50.77% |
Energy | 3.52% | 0.00% | 21.15% | 54.96% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RLTIX % Rank | |
---|---|---|---|---|
US | 62.13% | 0.13% | 103.82% | 27.53% |
Non US | 34.47% | 0.58% | 99.46% | 75.55% |
RLTIX - Expenses
Operational Fees
RLTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.90% | 0.01% | 44.27% | 97.15% |
Management Fee | 0.00% | 0.00% | 1.82% | 3.50% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.20% |
Administrative Fee | N/A | 0.01% | 0.76% | 93.49% |
Sales Fees
RLTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
RLTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
RLTIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 22.00% | 0.00% | 395.00% | 23.85% |
RLTIX - Distributions
Dividend Yield Analysis
RLTIX | Category Low | Category High | RLTIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.18% | 0.00% | 3.26% | 97.59% |
Dividend Distribution Analysis
RLTIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
RLTIX | Category Low | Category High | RLTIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.68% | -4.27% | 12.65% | 22.05% |
Capital Gain Distribution Analysis
RLTIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 28, 2018 | $0.194 | |
Dec 29, 2017 | $0.219 | |
Dec 30, 2016 | $0.194 | |
Dec 30, 2015 | $0.207 | |
Jan 02, 2015 | $0.167 | |
Dec 24, 2014 | $0.109 | |
Dec 24, 2013 | $0.149 | |
Dec 24, 2012 | $0.222 |
RLTIX - Fund Manager Analysis
Managers
Bill Ryder
Start Date
Tenure
Tenure Rank
Feb 28, 2018
3.84
3.8%
Bill serves as Director of Quantitative Market Strategy bringing more than 20 years of experience in the business. In his current role, Bill has worked to develop a number of quantitative tools that provide market signals to the team; focusing on time periods of 1 to 3 months. Prior to launching RiverFront, Bill was Director of Quantitative Strategy at Wachovia Securities and its predecessor firms. Bill joined the Investment Strategy Department of Wachovia Securities (Wheat First Butcher Singer) in 1991 and during his time there also served as a portfolio manager for separately managed and mutual fund portfolios. Bill is a Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT).
Scott Hays
Start Date
Tenure
Tenure Rank
Mar 31, 2020
1.75
1.8%
As Quantitative Portfolio Manager, Scott is responsible for developing and implementing analytical investment approaches in the US Equity and International Equity markets. Prior to joining RiverFront, Scott co-founded and served as Chief Investment Officer of an alternative asset management company that employed a quantitative market-neutral equity approach. Scott also worked for 6 years at Analysis Group, a financial and economic consulting firm, where he managed a team dedicated to valuing illiquid assets such as mortgage-backed securities, real estate, and oil and gas properties. Scott received a BBA from Millsaps College, Summa Cum Laude, with a double major in Economics and Business Administration. He also earned an MBA with High Honors from the University of Chicago in Analytic Finance, Econometrics/Statistics and Economics. Additionally, Scott has successfully completed the FINRA Series 65 licensing exam.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |