RFFC ALPS Active Equity Opportunity ETF

ALPS Active Equity Opportunity ETF

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Commentary

Explore a deep dive review of performance, portfolio positioning and the equity market from last quarter.

Overview

   Investment Objective

The ALPS Active Equity Opportunity ETF (RFFC) seeks to provide capital appreciation.

   Strategy

Under normal market conditions, the ALPS Active Equity Opportunity ETF (RFFC) seeks to achieve its investment objective by investing at least 80% of its net assets in a portfolio of equity securities. Equity securities include common stocks and common or preferred shares of Real Estate Investment Trusts (REITs).

Fund Details

 
Ticker
Listing Exchange
NYSE Arca
CUSIP
ISIN
Net Assets
as of
Inception Date
Fund Type
Exchange-Traded Fund
Primary Benchmark
S&P Composite 1500 Index
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Performance and Fees

Returns

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Total Returns
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Total Returns
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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. For current month-end performance call 1-866-759-5679 or visit www.alpsfunds.com. 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 Composite 1500 Index: combines three leading indices, the S&P 500, the S&P MidCap 400, and the S&P SmallCap 600, to cover approximately 90% of US 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.

Fees

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Facts and Characteristics

Fund Pricing

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Last Trade Price (EOD)
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Total Market Value
 
* During market trading hours, intraday price is up to a 15 minute delay.
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Risk Metrics

For the 3 years ending

Standard Deviation
Sharpe Ratio
Sortino Ratio
Fund vs Index1
Alpha
Beta
R-Squared
Tracking Error
Upside Capture
Downside Capture
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Trading Characteristics

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Daily Volume
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30-Day Median Bid/Ask Spread




 
* During market trading hours, daily volume is up to a 15 minute delay.
Fund Yields


Indicated Yield
Trailing Twelve Month Yield
30-Day SEC Yield
30-Day SEC Yield (Unsubsidized)
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Indicated Yield: a forward-looking measure that is calculated by multiplying the most recent dividend by the number of dividends issued each year (producing the indicated dividend), and then dividing by the current share price.

Trailing Twelve Month Yield: refers to the percentage of income a portfolio has returned to investors over the last 12 months.

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.

Portfolio

Sector Breakdown

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Geography Breakdown

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Fund Holdings

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Distributions

Fund Distributions

Distribution Frequency: Quarterly
Ex-Date Record Date Payable Date STCG LTCG Return of Capital Qualified Dividend Ordinary Income Income Total Section 19a
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Document Name Date Document Category Document Type Download
ALPS Active Equity Opportunity ETF Fact Sheet 12/31/2023 Literature Fact Sheet
ETF Offerings 12/31/2023 Literature Fund List
ALPS Active Equity Opportunity ETF Commentary 12/31/2023 Literature Commentary
ALPS Active Equity Opportunity ETF Annual Report 11/30/2023 Regulatory Annual Report
ALPS ETF Trust 3rd Fiscal Quarter Holdings 08/31/2023 Regulatory 3rd Fiscal Quarter Holdings
RiverFront ETFs Semi-Annual Report 05/31/2023 Regulatory Semi-Annual Report
ALPS Active Equity Opportunity ETF Summary Prospectus 03/31/2023 Regulatory Summary Prospectus
ALPS ETF Trust Statement of Additional Information 03/31/2023 Regulatory Statement of Additional Information
ALPS Active Equity Opportunity ETF Statutory Prospectus 03/31/2023 Regulatory Statutory Prospectus
ALPS ETF Trust 1st Fiscal Quarter Holdings 02/28/2023 Regulatory 1st Fiscal Quarter Holdings
RiverFront Dynamic US Flex-Cap ETF IRS Form 8937 - November 30, 2022 11/30/2022 Tax IRS Form 8937
RiverFront Dynamic US Flex-Cap ETF IRS Form 8937 - November 30, 2016 11/30/2016 Tax IRS Form 8937

Funds Related to RFFC

RFCI

RiverFront Dynamic Core Income ETF

Learn More About RFCI

RFDA

RiverFront Dynamic US Dividend Advantage ETF

Learn More About RFDA

Fund Disclosure

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemable.

Effective 06/01/2023, the RiverFront Dynamic US Flex-Cap ETF changed its name to the ALPS Active Equity Opportunity ETF. Additionally, RiverFront Investment Group, LLC ceased to serve as sub-adviser to the Fund and ALPS Advisors, Inc., the Fund’s investment adviser, assumed all responsibility for selecting the Fund’s investments. 

Due to the nature of the securities in which the Fund invests, the Fund may have relatively high portfolio turnover compared to other funds. 

The values of equity securities, such as common stocks and preferred stock, may decline due to general market conditions that are not specifically related to a particular company, such as real or perceived adverse economic conditions, inflation (or expectations for inflation), changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. Equity securities generally have greater price volatility than fixed-income securities.

The Fund is considered nondiversified and as a result may experience greater volatility than a diversified fund. 

ALPS Advisors, Inc., registered investment adviser with the SEC, is the investment adviser to the Fund. ALPS Advisors, Inc. is affiliated with ALPS Portfolio Solutions Distributor, Inc.

ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Fund.