Related Funds
ALPS | Red Rocks Listed Private Equity Portfolio
Class A
Fund Stats as of 10/20/2017
Symbol LPEFX
ISIN US3176098164
Inception Date 12/31/2007
Dividends Paid Annually
CUSIP 317609 816
Fund Type Open End Fund
NAV $8.10
NAV Change $0.01
Expenses as of 02/28/2017
Total Expense Ratio2.21%
What You Pay2.21%
Net Expense Ratio excluding Acquired Fund Fees and Expenses -
Class C
Fund Stats as of 10/20/2017
Symbol LPFCX
ISIN US3176096341
Inception Date 06/30/2010
Dividends Paid Annually
CUSIP 317609 634
Fund Type Open End Fund
NAV $7.72
NAV Change $0.02
Expenses as of 02/28/2017
Total Expense Ratio2.87%
What You Pay2.87%
Net Expense Ratio excluding Acquired Fund Fees and Expenses -
Class I
Fund Stats as of 10/20/2017
Symbol LPEIX
ISIN US3176097828
Inception Date 12/31/2007
Dividends Paid Annually
CUSIP 317609 782
Fund Type Open End Fund
NAV $8.24
NAV Change $0.02
Expenses as of 02/28/2017
Total Expense Ratio1.89%
What You Pay1.89%
Net Expense Ratio excluding Acquired Fund Fees and Expenses -
Class R
Fund Stats as of 10/20/2017
Symbol LPERX
ISIN US3176097901
Inception Date 12/31/2007
Dividends Paid Annually
CUSIP 317609 790
Fund Type Open End Fund
NAV $7.02
NAV Change $0.01
Expenses as of 02/28/2017
Total Expense Ratio2.34%
What You Pay2.34%
Net Expense Ratio excluding Acquired Fund Fees and Expenses -
Fund Resources
Fund Update - A,C,I 
Fund Update Class R 
Semi-Annual Report 
Statement of Additional Information 
Statutory Prospectus 
Summary Prospectus 
Resource Library  

Investment Objectives

The Fund Seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.


Access Private Equity Returns with Daily Liquidity

The ALPS | Red Rocks Listed Private Equity Fund (LPEFX, LPFCX, LPEIX, LPERX) provides exposure to private businesses by investing in publicly-traded private equity companies that trade on global exchanges. These listed private equity companies have direct ownership, control and influence over the privately held businesses in their portfolios.

Why invest in ALPS | Red Rocks Listed Private Equity?

  • Growth: Its specialized business model is focused on driving value through aligned and active ownership. Over a 20-year period, a portfolio of listed private equity instruments closely matched the performance of traditional, unlisted private equity partnerships.
  • Diversification: Diversified across stage of investment, geography, industry, capital structure and fund/investment. Its unique investment universe of stocks is not typically part of traditional equity portfolios and the fund provides broad access to a global portfolio of several hundred private businesses.
  • Access: Provides daily liquidity, full transparency to holdings and underlyisng companies and no lock-up periods. Its managers have deep expertise and sole focus on private equity.
  • Investment Objective

    The Fund Seeks to maximize total return, which consists of appreciation on its investments and a variable income stream.

    Role in a Portfolio

    The ALPS | Red Rocks Listed Private Equity Fund (LPEFX, LPFCX, LPEIX, LPERX) may be used to potentially reduce risk and generate alpha in a diversified portfolio. It may also be used as a complement or substitute for a domestic or global small/mid cap allocation.

    A Comprehensive Investment Approach

    The Red Rocks Investment Approach

    Performance Screening selection based on:

    • Management Track Record
    • Historical Returns
    • Shareholder/Management Interests are directly aligned

    Evaluation & Analysis

    • Attractive securities are identified by:
      • Analysis of growth and exit timing potential of underlying portfolio
      • Securities with public market price less than the intrinsic value of portfolio
      • On-site due diligence meetings

    Diversified across:

    • Stage of investment
        • Geography
        • Industry
        • Capital structure

    Portfolio Diversification of underlying holdings as of 06/30/2017

    Industry

    Materials 1.2%
    Utilities 1.6%
    Telecomm 2.6%
    Consumer Staples 3.1%
    Other-Industry 4.6%
    Energy 6.7%
    Healthcare 9.9%
    IT 13.4%
    Consumer Discretionary 15.1%
    Financial Services 18.0%
    Industrials 23.8%

    Geographic Allocation as of 06/30/2017

    North America & Canada 43.9%
    Europe 41.1%
    Other-Geography 6.1%
    Far East/Asia & Japan 5.0%
    South America 2.2%
    Australia & New Zealand 1.8%

    Holdings are subject to change.