Class I
Fund Stats as of 07/18/2018
Symbol METIX
ISIN US31761R6909
Inception Date 12/23/2015
Dividends Paid Quarterly
CUSIP 31761R 690
Fund Type Open End Fund
NAV $11.10
NAV Change $-0.01
Expenses as of 02/28/2018
Total Expense Ratio2.46%
What You Pay1.70%
Class Inv
Fund Stats as of 07/18/2018
Symbol METAX
ISIN US31761R7246
Inception Date 12/23/2015
Dividends Paid Quarterly
CUSIP 31761R 724
Fund Type Open End Fund
NAV $11.06
NAV Change $-0.02
Expenses as of 02/28/2018
Total Expense Ratio2.84%
What You Pay2.10%
Class A
Fund Stats as of 07/18/2018
Symbol MEAAX
ISIN US31761R2379
Inception Date 06/12/2018
Dividends Paid Quarterly
CUSIP 31761R 237
Fund Type Open End Fund
NAV $11.06
NAV Change $-0.02
Expenses as of 06/12/2018
Total Expense Ratio2.84%
What You Pay2.10%
Class C
Fund Stats as of 07/18/2018
Symbol METCX
ISIN US31761R7162
Inception Date 12/23/2015
Dividends Paid Quarterly
CUSIP 31761R 716
Fund Type Open End Fund
NAV $10.91
NAV Change $-0.01
Expenses as of 02/28/2018
Total Expense Ratio3.46%
What You Pay2.70%
Fund Resources
Annual Report 
Fact Sheet 
Semi-Annual Report 
Statement of Additional Information 
Statutory Prospectus 
Summary Prospectus 
Resource Library  

Investment Objective and Strategy

The ALPS | Metis Global Micro Cap Value Fund seeks long-term growth of capital by investing in micro cap companies across the U.S., international and emerging/frontier markets. Micro cap companies are generally defined as those with market capitalizations of $50-$750 million.

The benefits of investing in Global Micro Caps

  • DIVERSIFICATION: Global micro cap has a low correlation with other asset classes, providing significant diversification for investors
  • OPPORTUNITY: Worldwide, there are over 12,000 investable stocks that are often overlooked by investors
  • EXCESS RETURNS: Global micro cap stocks have outperformed large and mid-cap stocks by over 3% a year over the sixteen years through September 2016²

Over Half the World's Investable Companies are Micro Cap1

global-pie

1Source: Capital IQ, 12/31/2016

The importance of a DISCIPLINED VALUE PROCESS:

The fund uses fundamental knowledge of 60+ global industries to find undervalued stocks worldwide, building portfolios from the 'bottom-up'. This approach is deployed systematically which enables efficient analysis of large numbers of investable stocks, and limits the potential for behavioral bias in portfolio construction. The fund's long-term focus continually seeks to capture the value premium.

How this Fund Fits in Portfolios

The opportunity and diversification of a Global Micro Cap allocation may benefit portfolios in several ways:

  • As an additional, active component of an existing equity allocation: investors can use Global Micro Cap to replace or complement existing small-cap equity allocations, gaining exposure to the smallest segment of the world's investable stocks.
  • In a core/satellite framework: Global Micro Cap provides alpha-generating potential as a "satellite" allocation.
  • As a complement to alternatives such as private equity or hedge funds: Global Micro Cap can fulfill a range of investment objectives and portfolio needs, especially diversification and return enhancement. Since 2000, when paired with hedge funds, Global Micro Cap has delivered greater returns with less volatility than the S&P 500.

Opportunistic Approach:

  • Active, bottom-up stock selection seeks out potentially undervalued issues wherever they may be found
  • Continual evaluation of large opportunity set, identifies 'undiscovered' companies
  • With so many stocks to choose from, the Metis approach provides diversification while still building a high conviction "best ideas" portfolio

Expertise

  • On average, the Metis team has 18 years of global investment experience across developed and emerging/frontier markets.
  • The teams' deep fundamental knowledge and global industry expertise strengthen security selection

Sector Allocation as a percentage of net assets (as of 3/31/2018)