RiverFront Dynamic US Dividend Advantage ETF
The RiverFront Dynamic US Dividend Advantage ETF (RFDA) seeks to provide capital appreciation and dividend income.
Under normal market conditions, the RiverFront Dynamic US Dividend Advantage ETF (RFDA) seeks to achieve its investment objective by investing at least 65% of its net assets in a portfolio of equity securities of publicly traded US companies with the potential for dividend income. Equity securities include common stocks and common or preferred shares of Real Estate Investment Trusts (REITs).
|Inception Date |
S&P 500 Index
Performance and Fees
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted. Performance includes reinvested distributions and capital gains.
Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
Fund inception date: 06/06/2016
S&P 500 Index: widely regarded as the best single gauge of large-cap US equities. The index includes 500 leading companies and covers approximately 80% of available market capitalization. One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
Facts and Characteristics
|Last Trade Price (EOD)|
|Intraday (Midpoint) Price
as of as of
|Total Market Value|
|Average 30-Day Volume|
|30-Day Median Bid/Ask Spread|
For the 3 years ending
|Fund vs Index1|
|30-Day SEC Yield
|30-Day SEC Yield (Unsubsidized)
|Trailing Twelve Month Yield
30-Day SEC Yield: reflects the dividends and interest earned during the period, after the deduction of the Fund's expenses.
30-Day SEC Yield (Unsubsidized): reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
Trailing Twelve Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.
- Top Five Holdings
|Company Name||% of Fund|
- Top Five Holdings
|Company Name||% of Fund|
|Ex-Date||Record Date||Payable Date||STCG||LTCG||Return of Capital||Qualified Dividend||Ordinary Income||Income||Total||Section 19a|
Funds Related to RFDA
Shares are not individually redeemable. Investors buy and sell shares on a secondary market. Only market makers or “authorized participants” may trade directly with the Fund, typically in blocks of 5,000, 25,000 or 50,000 shares.
The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the “Sub-Adviser” or “RiverFront”) as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront’s judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or fixed income markets generally from time to time or for extended periods of time. The performance of the Fund is related to the market sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular market sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain bonds selected for the Fund’s portfolio may decline in value more than the overall bond markets.
The Fund is considered nondiversified and as a result may experience greater volatility than a diversified fund.
ALPS Advisors, Inc. is the investment adviser to the Fund and RiverFront Investment Group, LLC is the investment sub-adviser to the Fund. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with RiverFront Investment Group, LLC.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.