SMTH ALPS | Smith Core Plus Bond ETF

ALPS | Smith Core Plus Bond ETF

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Market Price

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Indicated Yield

ETFguide Spotlight - SMTH

 

Featuring Paul Baiocchi, Chief ETF Strategist, SS&C ALPS Advisors

Paul Baiocchi is a Registered Representative of ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc.

Overview

   Investment Objective

The ALPS | Smith Core Plus Bond ETF (SMTH) seeks above average total return from a combination of current income and capital appreciation.

   Strategy

The Fund pursues its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in bonds. The Fund seeks to generate total return from a combination of current income and capital appreciation.

Fund Details

 
Ticker
Listing Exchange
NYSE Arca
CUSIP
ISIN
Net Assets
as of
Inception Date
Fund Type
Exchange-Traded Fund
Primary Benchmark
Bloomberg US Aggregate Bond 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: 12/05/2023

Bloomberg US Aggregate Bond Index: a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, fixed-rate agency MBS, ABS and CMBS (agency and non-agency). 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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Market Price
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Premium/Discount
Premium/Discount Difference
Daily Return
YTD Return
Last Trade Price (EOD)
Intraday (Midpoint) Price
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Total Market Value
 
* During market trading hours, intraday price is up to a 15 minute delay.
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Trading Characteristics

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Shares Outstanding
Average 30-Day Volume
Daily Volume
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Dollar Volume
Net Create/Redeems
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: Monthly
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
ETF Offerings 12/31/2023 Literature Fund List
ALPS | Smith Core Plus Bond ETF Fact Sheet 12/31/2023 Literature Fact Sheet
SS&C ALPS Advisors Adds Fixed Income ETF to the Lineup 12/06/2023 Literature Press Release
ALPS | Smith Core Plus Bond ETF Statement of Additional Information 12/01/2023 Regulatory Statement of Additional Information
ALPS | Smith Core Plus Bond ETF Summary Prospectus 12/01/2023 Regulatory Summary Prospectus
ALPS | Smith Core Plus Bond ETF Statutory Prospectus 12/01/2023 Regulatory Statutory Prospectus

Funds Related to SMTH

SMTHX

ALPS | Smith Total Return Bond Fund

Learn More About SMTHX

Fund Disclosure

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

The Fund is new and has limited operating history.

A rise in interest rates typically causes bond prices to fall. The longer the duration of the bonds held by a fund, the more sensitive it will likely be to interest rate fluctuations. Duration measures the weighted average term to maturity of a bond’s expected cash flows. Duration also represents the approximate percentage change that the price of a bond would experience for a 1% change in yield. For example: the price of a bond with a duration of 5 years would change approximately 5% for a 1% change in yield. The price of a bond with a duration of 10 years would be expected to decline by approximately 10% if its yield was to rise by +1%. Bond yields tend to fluctuate in response to changes in market levels of interest rates. Generally, if interest rates rise, a bond’s yield will also rise in response; the duration of the bond will determine how much the price of the bond will change in response to the change in yield.

The Fund’s investments in fixed-income securities and positions in fixed-income derivatives may decline in value because of changes in interest rates. As nominal interest rates rise, the value of fixed-income securities and any long positions in fixed-income derivatives held by the Fund are likely to decrease, whereas the value of its short positions in fixed-income derivatives is likely to increase.

Overall securities market risks may affect the value of individual instruments in which the Fund invests. Factors such as domestic and foreign economic growth and market conditions, interest rate levels, and political events affect the securities and derivatives markets. When the value of the Fund’s investments goes down, your investment in the Fund decreases in value and you could lose money.

ALPS Advisors, Inc. and Smith Capital Investors, LLC, registered investment advisers with the SEC, are the investment adviser and sub-adviser to the Fund, respectively. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Smith Capital Investors, LLC.

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