Related Funds
ALPS | Red Rocks Listed Private Equity Fund
Class I
Fund Stats
Inception Date 10/24/2014
Dividends Paid Annually
CUSIP 02110B 702
ISIN n/a
Fund Type Insurance Portfolio
Expenses as of 04/30/2017
Total Expense Ratio2.98%
What You Pay*1.95%
Class III
Fund Stats
Symbol AVPEX
Inception Date 10/24/2014
Dividends Paid Annually
CUSIP 02110B 801
ISIN n/a
Fund Type Insurance Portfolio
Expenses as of 04/30/2017
Total Expense Ratio2.88%
What You Pay*2.30%
Fund Resources
Quarterly Fact Sheet - I 
Quarterly Fact Sheet - III 
Statement of Additional Information 
Statutory Prospectus 
Summary Prospectus 
Resource Library  
*Important Considerations  
Investors should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information. Please click the link above for the prospectus. Please read the prospectus carefully before investing. For additional information on the above listed funds, please click the respective link.
Insurance Products Shares of the Portfolios are offered only to participating insurance companies and their separate accounts to fund the benefits of Variable Contracts, and to qualified pension and retirement plans and registered and unregistered separate accounts.

Access Private Equity Returns with Daily Liquidity

The ALPS | Red Rocks Listed Private Equity Portfolio 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 underlying 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 Portfolio 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