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Trending ETFs

Name

As of 01/21/2022

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

$11.74

$47.4 M

1.89%

$0.22

0.77%

Vitals

YTD Return

-3.5%

1 yr return

11.3%

3 Yr Avg Return

11.7%

5 Yr Avg Return

7.8%

Net Assets

$47.4 M

Holdings in Top 10

N/A

52 WEEK LOW AND HIGH

$11.8
$11.18
$12.41

Expenses

OPERATING FEES

Expense Ratio 0.77%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 20.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 01/21/2022

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

$11.74

$47.4 M

1.89%

$0.22

0.77%

RMIIX - Profile

Distributions

  • YTD Total Return -3.5%
  • 3 Yr Annualized Total Return 11.7%
  • 5 Yr Annualized Total Return 7.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.71%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    RiverFront Asset Allocation Moderate
  • Fund Family Name
    ALPS
  • Inception Date
    Aug 02, 2010
  • Shares Outstanding
    1736901
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bill 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 50% to equities and 50% 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 for investors seeking current income and the potential for increased income over time by providing exposure to both equity and fixed income investments consistent with a level of risk that the Sub-Adviser believes would typically be appropriate for the diverse needs of groups of employee retirement plan participants as a whole. 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 range from 30%/70% to 70%/30% instead of the 50%/50% target. The Fund is expected to invest between 30% and 70% of its net assets to ETFs with exposure to a globally diversified basket of equities. Special focus will be placed on identifying and investing in RiverFront ETFs that invest in dividend paying equity securities. The balance of the Fund’s assets (typically between 70% and 30%) is expected to be invested primarily in ETFs with exposure to corporate debt securities and which receive, and pay, income from such securities. The fixed income ETFs included in the portfolio may hold fixed income instruments of any credit quality, including “junk” bonds, and of any duration. The equity issuers to which the Fund will have exposure may be issuers of any market capitalization.

The Fund’s allocations to the various global equity and debt markets (which may include exposure to securities of issuers in emerging markets) will generally be determined by RiverFront’s assessment of the growth potential presented by these markets, with the relative attractiveness of the market from a valuation perspective being a primary determinant of growth potential. RiverFront may tactically depart from the targeted allocations when certain sectors appear to be over or under-valued. These strategies may result in high portfolio turnover and portfolio volatility. The Fund seeks to avoid what it regards as prolonged overemphasis in any particular asset class while balancing the ability to adjust allocations in response to momentum shifts.

In making strategic asset allocation decisions for a 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 a 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 each of the RiverFront Dynamic Core Income ETF and the RiverFront Dynamic US Dividend Advantage ETF.

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RMIIX - Performance

Return Ranking - Trailing

Period RMIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.5% -44.9% 108.5% 26.47%
1 Yr 11.3% -5.2% 54.2% 78.17%
3 Yr 11.7%* 1.0% 22.7% 89.60%
5 Yr 7.8%* 0.6% 16.4% 91.82%
10 Yr 7.1%* 2.3% 13.9% 92.09%

* Annualized

Return Ranking - Calendar

Period RMIIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -39.0% 23.8% 37.16%
2022 5.8% -20.0% 28.7% 67.55%
2021 14.0% -21.9% 25.7% 48.14%
2020 -22.0% -48.9% 14.0% 98.00%
2019 5.5% -6.5% 22.4% 76.45%

Total Return Ranking - Trailing

Period RMIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.5% -44.9% 108.5% 28.23%
1 Yr 11.3% -5.2% 49.9% 68.84%
3 Yr 11.7%* -1.2% 22.7% 75.79%
5 Yr 7.8%* -0.5% 16.4% 83.98%
10 Yr 7.1%* 1.9% 13.9% 89.67%

* Annualized

Total Return Ranking - Calendar

Period RMIIX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -39.0% 23.8% 37.16%
2022 5.8% -20.0% 28.7% 67.55%
2021 14.0% -21.9% 25.7% 48.14%
2020 -22.0% -48.9% 14.0% 98.00%
2019 5.5% -3.9% 31.9% 92.21%

NAV & Total Return History


RMIIX - Holdings

Concentration Analysis

RMIIX Category Low Category High RMIIX % Rank
Net Assets 47.4 M 626 K 225 B 89.84%
Number of Holdings 7 3 15571 97.83%
Net Assets in Top 10 47.4 M -1.62 M 53.7 B 67.35%
Weighting of Top 10 N/A 8.8% 100.0% 4.83%

Top 10 Holdings

  1. RiverFront Dynamic Core Income ETF 41.63%
  2. RiverFront Dynamic US Dividend Advtg ETF 35.42%
  3. First Trust RiverFront Dyn Dev Intl ETF 11.78%
  4. RiverFront Dynamic US Flex-Cap ETF 5.97%
  5. RiverFront Strategic Income ETF 3.12%
  6. State Street Instl Trs Pls MMkt Premier 2.15%
  7. RiverFront Dynamic Unconstrained Inc ETF 1.64%

Asset Allocation

Weighting Return Low Return High RMIIX % Rank
Stocks
53.06% 0.00% 99.13% 85.06%
Bonds
39.75% -14.87% 119.58% 13.91%
Cash
6.92% -19.59% 83.52% 19.18%
Convertible Bonds
0.26% 0.00% 18.30% 80.48%
Other
0.01% -6.69% 82.19% 60.50%
Preferred Stocks
0.00% 0.00% 30.22% 93.04%

Stock Sector Breakdown

Weighting Return Low Return High RMIIX % Rank
Technology
21.88% 0.00% 64.46% 35.48%
Financial Services
14.36% 0.00% 100.00% 58.44%
Healthcare
13.66% 0.00% 52.26% 36.74%
Industrials
12.16% 0.00% 33.21% 22.16%
Real Estate
9.53% 0.00% 100.00% 13.09%
Consumer Defense
9.27% 0.00% 25.55% 17.45%
Utilities
5.80% 0.00% 99.44% 16.53%
Energy
3.62% 0.00% 31.13% 46.50%
Consumer Cyclical
3.55% 0.00% 20.34% 95.52%
Communication Services
3.38% 0.00% 26.80% 90.82%
Basic Materials
2.80% 0.00% 34.29% 74.17%

Stock Geographic Breakdown

Weighting Return Low Return High RMIIX % Rank
US
41.47% 0.00% 97.66% 71.58%
Non US
11.59% 0.00% 54.54% 48.29%

Bond Sector Breakdown

Weighting Return Low Return High RMIIX % Rank
Corporate
73.82% 0.00% 99.56% 10.16%
Government
22.33% 0.00% 99.98% 59.82%
Derivative
2.56% 0.00% 33.03% 17.92%
Cash & Equivalents
1.29% 0.00% 100.00% 96.46%
Securitized
0.00% 0.00% 85.69% 98.06%
Municipal
0.00% 0.00% 98.19% 92.92%

Bond Geographic Breakdown

Weighting Return Low Return High RMIIX % Rank
US
36.72% -21.63% 101.35% 6.74%
Non US
3.03% 0.00% 106.10% 66.89%

RMIIX - Expenses

Operational Fees

RMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.06% 5.49% 66.29%
Management Fee 0.00% 0.00% 2.00% 15.25%
12b-1 Fee N/A 0.00% 1.00% 8.72%
Administrative Fee N/A 0.01% 0.83% 88.81%

Sales Fees

RMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RMIIX 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.

RMIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 343.00% 22.21%

RMIIX - Distributions

Dividend Yield Analysis

RMIIX Category Low Category High RMIIX % Rank
Dividend Yield 1.89% 0.00% 1.68% 78.15%

Dividend Distribution Analysis

RMIIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

RMIIX Category Low Category High RMIIX % Rank
Net Income Ratio 1.71% -2.06% 11.02% 21.31%

Capital Gain Distribution Analysis

RMIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Distributions History

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RMIIX - 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 34.1 6.2 2.0