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Security Profile
- Security Type
- Index ETF
- CUSIP
- 00162Q536
- Market Cap
- Micro Cap · $2 Million
- IPO
- 6/14/2016
Fund Description: RiverFront Dynamic Core Income ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the ALPS ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The RiverFront Dynamic Core Income ETF seeks total return, with an emphasis on income as the source of that total return. The Fund is an actively managed ETF and thus, does not seek to replicate the performance of a specific index, but rather uses an active investment strategy to meet its investment objective. Accordingly, the ETF’s investment Sub-Advisor, RiverFront Investment Group, LLC., has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing in a global portfolio of fixed income securities of various maturities, ratings and currency denominations. The Fund utilizes various investment strategies in a broad array of fixed income sectors. The Fund allocates its investments based upon the analysis of the Sub-Adviser of the pertinent economic and market conditions, as well as yield, maturity, credit and currency considerations. The Fund’s portfolio is constructed through a two-step process. The first step is setting the strategic allocation among different fixed income asset classes, with the objective being to construct an allocation that is designed to balance the probability of upside returns with downside risks for investors with a five-year time horizon for their investments. The second step is tactically adjusting these allocations as market conditions warrant and determining security selection within those asset classes in order to maximize potential returns over time. The Fund may purchase fixed income securities issued by U.S. or foreign corporations or financial institutions, including debt securities of all types and maturities, convertible securities and preferred stocks. The Fund also may purchase securities issued or guaranteed by the U.S. Government or foreign governments. The Fund may invest in mortgage-backed securities (MBS) issued or guaranteed by federal agencies and/or U.S. government sponsored instrumentalities, such as the Government National Mortgage Administration (Ginnie Mae), the Federal Housing Administration (FHA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The Fund may invest up to 20% of its total assets in MBS (which may include commercial MBS or asset-backed securities (ABS) issued or guaranteed by private entities. The Fund may also invest in other exchange-traded funds (ETFs) and/or closed-end funds which invest in fixed income securities. The Fund has established a credit rating criteria for the fixed income securities in which it may invest, and it may invest up to 15% in high yield securities (junk bonds). The Fund may invest without limitation in U.S. dollar-denominated securities of foreign issuers in developed markets. The Fund may invest up to 10% of its assets in securities denominated in foreign currencies and up to 10% of its assets in securities of issuers located in emerging markets. The average maturity or duration of the Fund’s portfolio of fixed income securities will vary however, the Sub-Adviser intends to manage the Fund’s portfolio so that it has an average duration of between two and eight years, under normal circumstances. Duration measures the price sensitivity of a security to interest rate changes. FUND MANAGEMENT: ALPS Advisors, Inc. serves as the investment adviser to the Fund. RiverFront Investment Group, LLC. serves as the Sub-Adviser to the Fund.
Company Contact
- Headquarters
- 1290 Broadway, Suite 1100, Denver, CO 80203
- Phone
- 303-623-2577 · Toll-Free 866-759-5679
- Investor Relations
- 866-759-5679 · riverfront@alpsinc.com