RAGIX: RiverFront Asset Allocation Gr & Inc A

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RAGIX RiverFront Asset Allocation Gr & Inc A


Profile

RAGIX - Profile

Vitals

  • YTD Return -18.1%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $73.3 M
  • Holdings in Top 10 98.6%

52 WEEK LOW AND HIGH

$10.20
$9.22
$12.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 62.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return -18.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.13%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    RiverFront Asset Allocation Growth & Income
  • Fund Family Name
    ALPS
  • Inception Date
    Jun 12, 2018
  • Shares Outstanding
    329112
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kevin Nicholson

Fund Description

The adviser and sub-adviser 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. The fund also seeks, under normal market conditions, a target asset allocation, on a look-through basis, of 70% to equities and 30% to fixed-income securities.


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Categories

Performance

RAGIX - Performance

Return Ranking - Trailing

Period RAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.1% -39.2% 7.9% 82.28%
1 Yr -13.3% -41.7% 22.6% 66.16%
3 Yr N/A* -19.0% 10.6% 21.05%
5 Yr N/A* -15.3% 6.9% 22.22%
10 Yr N/A* -5.7% 8.0% N/A

* Annualized

Return Ranking - Calendar

Period RAGIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -5.5% 25.7% 15.57%
2018 N/A -32.7% 10.9% N/A
2017 N/A -3.7% 19.3% N/A
2016 N/A -43.7% 16.1% N/A
2015 N/A -19.4% 6.0% N/A

Total Return Ranking - Trailing

Period RAGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -18.1% -39.2% 7.9% 82.28%
1 Yr -13.3% -41.7% 22.6% 66.39%
3 Yr N/A* -19.0% 10.6% 73.25%
5 Yr N/A* -15.3% 6.9% 73.61%
10 Yr N/A* -5.7% 8.5% N/A

* Annualized

Total Return Ranking - Calendar

Period RAGIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -5.5% 25.7% 15.57%
2018 N/A -32.7% 10.9% N/A
2017 N/A -3.7% 22.1% N/A
2016 N/A -43.7% 20.7% N/A
2015 N/A -16.4% 8.0% N/A

NAV & Total Return History


Holdings

RAGIX - Holdings

Concentration Analysis

RAGIX Category Low Category High RAGIX % Rank
Net Assets 73.3 M 3.96 M 108 B 87.99%
Number of Holdings 11 4 4602 91.90%
Net Assets in Top 10 72.3 M -11.7 B 23 B 77.77%
Weighting of Top 10 98.55% 4.9% 100.0% 3.88%

Top 10 Holdings

  1. RiverFront Dynamic US Flex-Cap ETF 24.86%
  2. RiverFront Dynamic US Dividend Advtg ETF 21.81%
  3. RiverFront Dynamic Core Income ETF 19.24%
  4. First Trust RiverFront Dyn Dev Intl ETF 13.96%
  5. First Trust RiverFront Dyn Em Mkts ETF 8.52%
  6. RiverFront Strategic Income ETF 4.32%
  7. First Trust RiverFront Dynamic Eurp ETF 2.91%
  8. RiverFront Dynamic Unconstrained Inc ETF 1.97%
  9. First Trust RiverFront Dyn Asia Pac ETF 0.96%

Asset Allocation

Weighting Return Low Return High RAGIX % Rank
Stocks
72.85% 0.00% 80.06% 14.94%
Bonds
20.64% -1244.78% 179.84% 81.30%
Cash
6.22% -106.59% 1319.41% 28.62%
Convertible Bonds
0.29% 0.00% 71.52% 57.13%
Other
0.01% -7.95% 62.97% 75.60%
Preferred Stocks
0.00% 0.00% 33.71% 98.29%

Stock Sector Breakdown

Weighting Return Low Return High RAGIX % Rank
Technology
17.15% 0.00% 36.56% 20.87%
Consumer Cyclical
14.18% 0.00% 25.82% 4.70%
Financial Services
14.06% 0.00% 34.95% 73.74%
Healthcare
11.67% 0.00% 34.26% 60.55%
Industrials
10.02% 0.00% 21.59% 65.60%
Communication Services
8.28% 0.00% 38.92% 41.86%
Consumer Defense
7.01% 0.00% 22.18% 57.57%
Energy
5.81% 0.00% 41.94% 32.57%
Utilities
4.33% 0.00% 71.13% 29.59%
Basic Materials
4.31% 0.00% 15.68% 35.21%
Real Estate
3.19% 0.00% 90.44% 79.70%

Stock Geographic Breakdown

Weighting Return Low Return High RAGIX % Rank
US
46.20% -5.64% 61.27% 17.90%
Non US
26.65% -1.59% 36.97% 14.37%

Bond Sector Breakdown

Weighting Return Low Return High RAGIX % Rank
Corporate
79.59% 0.00% 97.52% 2.85%
Government
18.34% 0.00% 86.03% 72.29%
Cash & Equivalents
2.07% -3.64% 100.00% 98.40%
Derivative
0.00% -0.04% 56.25% 96.69%
Securitized
0.00% 0.00% 64.61% 99.66%
Municipal
0.00% 0.00% 36.89% 97.61%

Bond Geographic Breakdown

Weighting Return Low Return High RAGIX % Rank
US
18.50% -1276.32% 97.03% 77.19%
Non US
2.14% -273.52% 82.81% 77.08%

Expenses

RAGIX - Expenses

Operational Fees

RAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.50% 0.01% 22.24% 74.25%
Management Fee 0.00% 0.00% 1.90% 20.64%
12b-1 Fee 0.25% 0.00% 1.00% 50.18%
Administrative Fee 0.25% 0.01% 0.47% 95.50%

Sales Fees

RAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.25% 5.75% 70.32%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RAGIX 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.

RAGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 0.00% 447.00% 68.82%

Distributions

RAGIX - Distributions

Dividend Yield Analysis

RAGIX Category Low Category High RAGIX % Rank
Dividend Yield 0.00% 0.00% 13.58% 95.21%

Dividend Distribution Analysis

RAGIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Quarterly

Net Income Ratio Analysis

RAGIX Category Low Category High RAGIX % Rank
Net Income Ratio 2.13% -0.95% 6.49% 39.38%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

RAGIX - Fund Manager Analysis

Managers

Kevin Nicholson


Start Date

Tenure

Tenure Rank

Feb 28, 2015

5.01

5.0%

Kevin Nicholson, CFA: Chief Market Strategist, COO of RiverShares Division Kevin serves as Chief Market Strategist and COO of RiverShares Division and is responsible for raising and deploying cash in the portfolios, as well as determining which asset classes to use as funding or investment sources when making the tactical allocation decisions in the RiverFront strategies. Kevin's career has spanned over 25 years and during that time he has served in various capacities in trading, portfolio management and risk management. He joined RiverFront in 2010 and served as the senior Fixed Income Portfolio Manager for 2 years and the Chief Risk Officer for 4 years. In his role as Chief Market Strategist, his primary responsibility is implementing the tactical asset allocation shifts in the firm’s strategies. In addition, Kevin serves on the firm’s Investment Committee. He is also a regular guest on financial news channels (CNBC, Bloomberg) and is frequently quoted in the financial press. Kevin earned a BA in Business and Economics from Randolph-Macon College and an MBA from Virginia Commonwealth University. He earned his CFA designation in 2014.

Bill Ryder


Start Date

Tenure

Tenure Rank

Feb 28, 2018

2.0

2.0%

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).

Rebecca Felton


Start Date

Tenure

Tenure Rank

Mar 31, 2019

0.92

0.9%

Rebecca serves as Chief Risk Officer and Senior Portfolio Manager. She is responsible for implementing the investment model provided by Strategas Asset Management. She brings over 30 years of industry experience to this role. In addition, she serves on the firm's Leadership Team and Investment Committee. Rebecca has been with RiverFront since the company’s founding in 2008. She was previously at Wachovia Securities where she served as Senior Vice President and Senior Portfolio Manager for the Wachovia Compass Advisory Program. Additionally at Wachovia, she managed relationships with the firm's national research providers and was responsible for communicating research recommendations to the retail system through live daily broadcasts, written reports and branch seminars. Rebecca earned a BS in Business Administration from the University of Richmond and an MBA from Virginia Commonwealth University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 28.18 5.94 0.16