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Trending ETFs

Name

As of 03/22/2024

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

$26.26

$763 M

0.00%

$0.00

1.08%

Vitals

YTD Return

12.9%

1 yr return

43.0%

3 Yr Avg Return

3.5%

5 Yr Avg Return

11.0%

Net Assets

$763 M

Holdings in Top 10

47.2%

52 WEEK LOW AND HIGH

$26.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.08%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 67.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/22/2024

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

$26.26

$763 M

0.00%

$0.00

1.08%

VVPLX - Profile

Distributions

  • YTD Total Return 12.9%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 11.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Vulcan Value Partners Fund
  • Fund Family Name
    ALPS Advised Funds
  • Inception Date
    Dec 30, 2009
  • Shares Outstanding
    19298417
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    C.T. Fitzpatrick

Fund Description

The Vulcan Value Partners Fund seeks to achieve long-term capital appreciation by investing primarily in publicly traded small-cap and large-cap companies the Fund believes to be both undervalued and possessing a sustainable competitive advantage. The Fund generally regards small-cap companies to be those less than $5 billion in market capitalization and large-cap companies to be those greater than $5 billion in market capitalization. The Adviser expects that these ranges will change over time.

The Fund views equity investments as ownership in a business enterprise and approaches investing as long-term partial ownership of businesses. The Fund seeks to purchase

publicly traded companies at significant discounts to intrinsic worth. The Fund seeks to invest for the long term, limiting the selection of qualifying investments to good businesses with identifiable, sustainable competitive advantages to maximize returns and to minimize risk. The Fund generally defines risk as the probability of permanently losing capital over a five-year period. The Fund generally sells stocks when they approach their appraised value. The Fund seeks to determine business or intrinsic value through disciplined financial analysis. The Fund believes that equities purchased at prices substantially less than their intrinsic worth generally afford capital protection from significant permanent loss and also create the possibility of substantial appreciation if the market recognizes the company’s economic value.

This portfolio strategy invests in companies with larger market capitalizations. Generally, subject to price, any publicly traded company with reasonable economics would be a potential investment in this portfolio. A core position in the Fund is generally approximately 5% of the Fund’s portfolio, so that theoretically the Fund would seek to hold about 20 companies, spread across various industries. Because it is rare that the Fund would find exactly 20 companies meeting its investment guidelines, allocations will vary with the price to value ratio of specific companies. The Fund may invest in positions as small as 1% when price to value ratios are higher. The Fund generally will not invest in any business that is trading above the Fund’s estimate of its fair value. Most of these securities are listed on the major securities exchanges. The Fund may invest up to 30% of net assets in publicly traded foreign securities, which may consist in whole or in part of securities of issuers in emerging markets. The Fund may hold up to 15% of net assets in illiquid securities. If investments meeting the Fund’s criteria are not available, the Fund may invest the Fund’s assets temporarily in obligations of the U.S. government and its agencies, or in other money market instruments. The Fund is non-diversified, which means that it may take a more focused approach to investing.

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VVPLX - Performance

Return Ranking - Trailing

Period VVPLX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -10.6% 29.0% 43.73%
1 Yr 43.0% -11.2% 73.4% 48.76%
3 Yr 3.5%* -26.8% 34.2% 89.22%
5 Yr 11.0%* -14.4% 30.8% 91.86%
10 Yr 6.9%* -5.4% 19.1% 97.76%

* Annualized

Return Ranking - Calendar

Period VVPLX Return Category Return Low Category Return High Rank in Category (%)
2023 39.7% -74.1% 72.4% 28.47%
2022 -41.5% -85.9% 4.7% 84.38%
2021 9.5% -52.4% 60.5% 45.81%
2020 7.8% -34.3% 145.0% 97.07%
2019 38.1% -21.8% 49.4% 1.44%

Total Return Ranking - Trailing

Period VVPLX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.9% -10.6% 29.0% 43.73%
1 Yr 43.0% -11.2% 73.4% 48.76%
3 Yr 3.5%* -26.8% 34.2% 89.22%
5 Yr 11.0%* -14.4% 30.8% 91.86%
10 Yr 6.9%* -5.4% 19.1% 97.76%

* Annualized

Total Return Ranking - Calendar

Period VVPLX Return Category Return Low Category Return High Rank in Category (%)
2023 39.7% -4.6% 72.4% 41.94%
2022 -38.1% -61.7% 5.6% 85.78%
2021 21.5% -39.8% 118.1% 54.72%
2020 11.6% 2.8% 149.2% 99.27%
2019 44.5% -5.2% 49.4% 0.86%

NAV & Total Return History


VVPLX - Holdings

Concentration Analysis

VVPLX Category Low Category High VVPLX % Rank
Net Assets 763 M 242 K 222 B 58.31%
Number of Holdings 32 1 3217 88.05%
Net Assets in Top 10 354 M 104 K 111 B 59.18%
Weighting of Top 10 47.17% 0.7% 205.0% 65.65%

Top 10 Holdings

  1. TransDigm Group, Inc. 5.52%
  2. KKR Co., Inc. 5.23%
  3. Amazon.com, Inc. 5.11%
  4. Carlyle Group, Inc. 5.00%
  5. Salesforce, Inc. 4.79%
  6. Jones Lang LaSalle, Inc. 4.76%
  7. Alphabet, Inc. 4.32%
  8. Microsoft Corp. 4.18%
  9. Elevance Health, Inc. 4.16%
  10. Ares Management Corp. 4.08%

Asset Allocation

Weighting Return Low Return High VVPLX % Rank
Stocks
97.96% 0.00% 130.05% 64.65%
Cash
2.04% -1.50% 173.52% 33.75%
Preferred Stocks
0.00% 0.00% 7.84% 74.49%
Other
0.00% -43.49% 59.52% 74.83%
Convertible Bonds
0.00% 0.00% 1.94% 71.59%
Bonds
0.00% 0.00% 104.15% 72.81%

Stock Sector Breakdown

Weighting Return Low Return High VVPLX % Rank
Technology
39.80% 0.00% 65.70% 30.61%
Financial Services
25.13% 0.00% 43.06% 2.28%
Industrials
11.65% 0.00% 30.65% 9.19%
Consumer Cyclical
10.78% 0.00% 62.57% 81.96%
Communication Services
8.50% 0.00% 66.40% 70.99%
Real Estate
4.14% 0.00% 16.05% 8.09%
Utilities
0.00% 0.00% 16.07% 78.41%
Healthcare
0.00% 0.00% 39.76% 99.41%
Energy
0.00% 0.00% 41.09% 86.00%
Consumer Defense
0.00% 0.00% 25.50% 95.95%
Basic Materials
0.00% 0.00% 18.91% 91.48%

Stock Geographic Breakdown

Weighting Return Low Return High VVPLX % Rank
US
93.56% 0.00% 130.05% 84.01%
Non US
4.40% 0.00% 78.10% 11.62%

VVPLX - Expenses

Operational Fees

VVPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.08% 0.01% 19.54% 40.51%
Management Fee 1.00% 0.00% 1.50% 98.22%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% 22.26%

Sales Fees

VVPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VVPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 45.33%

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.

VVPLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 0.00% 316.74% 77.33%

VVPLX - Distributions

Dividend Yield Analysis

VVPLX Category Low Category High VVPLX % Rank
Dividend Yield 0.00% 0.00% 28.34% 40.81%

Dividend Distribution Analysis

VVPLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

VVPLX Category Low Category High VVPLX % Rank
Net Income Ratio -0.57% -6.13% 3.48% 69.51%

Capital Gain Distribution Analysis

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

Distributions History

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VVPLX - Fund Manager Analysis

Managers

C.T. Fitzpatrick


Start Date

Tenure

Tenure Rank

Dec 30, 2009

12.42

12.4%

Mr. Fitzpatrick, as the Chief Investment Officer of Vulcan and the portfolio manager for each Fund, leads Vulcan’s research team, which is responsible for stock selection. As the Funds’ sole portfolio manager, Mr. Fitzpatrick has discretion over each Fund’s assets and exercises final investment decision-making for each Fund. In addition, Mr. Fitzpatrick oversees the structuring of portfolios for consistency with each Fund’s guidelines and regulatory requirements. Mr. Fitzpatrick is the Founder of Vulcan and has been the Chief Executive Officer and Chief Investment Officer of Vulcan since 2007. Prior to founding Vulcan in 2007, Mr. Fitzpatrick was a principal and portfolio manager at Southeastern Asset Management from 1990 to 2007.

McGavock Dunbar


Start Date

Tenure

Tenure Rank

May 14, 2020

2.05

2.1%

McGavock Dunbar, CFA. Mr. Dunbar, as the Director of Research and a portfolio manager for the Funds, assists Mr. Fitzpatrick in managing Vulcan’s research team, which is responsible for stock selection. As an additional portfolio manager for the Funds, Mr. Dunbar can exercise discretion over each Fund’s assets and works with Mr. Fitzpatrick to assist in final investment decision-making for each Fund. In addition, Mr. Dunbar assists in the structuring of portfolios for consistency with each Fund’s guidelines and regulatory requirements. Mr. Dunbar is a Principal of Vulcan and has been an Analyst at Vulcan since 2010. Prior to founding Vulcan in 2010, Mr. Dunbar was an Associate in the investment banking department at Susquehanna International Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.2 3.08