ALPS | Smith Short Duration Bond Fund

ALPS | Smith Short Duration Bond Fund

As of


NAV Change

Net Assets

Indicated Yield

ALPS | Smith Short Duration Bond Fund Class I wins the 2023 Refinitv Lipper Fund Award as the Best Short-Intermediate Investment Grade Debt Fund over three years.


   Investment Objective

The ALPS | Smith Short Duration Bond Fund seeks as high a level of current income as is consistent with preservation of capital.


The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in short- and intermediate-term fixed-income securities including government securities, corporate bonds or notes and agency securities. The Fund seeks to provide potential protection from rising rates, achieve preservation of capital and seek a high and stable rate of current income.

Fund Details

Fund Type

Mutual Fund
Effective Duration (years)
as of 09/30/2023

Distribution Frequency

Primary Benchmark
Bloomberg 1-3 Year US Government/Credit Index
  Ticker CUSIP ISIN Net Assets as of Inception Date
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Performance and Fees


As of

Total Returns
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As of

Total Returns
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As of

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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 Performance includes reinvested distributions and capital gains.

Maximum Offering Price (MOP) performance for Class A shares includes the Fund’s maximum sales charge of 2.25%.

Contingent Deferred Sales Charge (CDSC) performance for Class C shares includes a 1% CDSC on shares redeemed within 12-months of purchase. Performance shown at Net Asset Value (NAV) does not include these sales charges and would have been lower had it been taken into account.

Fund inception date: 06/29/2018

Bloomberg 1-3 Year US Government/Credit Index: includes all medium and larger issues of US government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of between 1 and 3 years and are publicly issued. 

Bloomberg US Government/Credit Index: a broad-based benchmark that measures the non-securitized component of the US Aggregate Index. It includes investment grade, US dollar-denominated, fixed-rate Treasuries, government-related and corporate securities. 

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.


As of

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^ What You Pay reflects the Adviser’s and Sub-Adviser's decision to contractually limit expenses through 02/28/2024. Please see the prospectus for additional information.

Facts and Characteristics

Fund Pricing

As of

NAV NAV Change
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Fund Yields

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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.

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.

Risk Metrics

For the 3 years ending

Standard Deviation
Sharpe Ratio
Sortino Ratio
Fund vs Index1
Tracking Error
Upside Capture
Downside Capture


Credit Quality

As of

1 Bloomberg 1-3 Year US Government/Credit Index - Unhedged

Credit Quality is a measure of the credit worthiness and risk of a bond or portfolio, based on the issuer’s financial condition. AAA/Aaa is highest and D is lowest. If applicable, the Pre-Refunded/Agency category includes bonds which are secured by US Government Securities and therefore are deemed high-quality investment-grade by the Advisor. If applicable, the Not Rated category includes bonds that are not rated by a Nationally Recognized Statistical Rating Organization.

Composite Rating Source: Bloomberg L.P., ratings presented are a blend of a security’s Moody’s, S&P, Fitch and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. Ratings presented may differ when viewed on an agency-by agency basis.

Sector Breakdown

As of

Fund Holdings

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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
2023 Year-End Distribution Estimates 10/31/2023 Literature Distribution Estimate
ALPS | Smith Short Duration Bond Fund Fact Sheet 09/30/2023 Literature Fact Sheet
ALPS | Smith Funds Commentary 09/30/2023 Literature Commentary
Our Solutions for Today's Economy 09/30/2023 Literature Brochure
Mutual Fund and VIT Offerings 09/30/2023 Literature Fund List
Financial Investors Trust 3rd Fiscal Quarter Holdings 07/31/2023 Regulatory 3rd Fiscal Quarter Holdings
ALPS | Smith Funds Semi-Annual Report 04/30/2023 Regulatory Semi-Annual Report
Financial Investors Trust Statement of Additional Information 02/28/2023 Regulatory Statement of Additional Information
Financial Investors Trust Statutory Prospectus 02/28/2023 Regulatory Statutory Prospectus
ALPS | Smith Short Duration Bond Fund Summary Prospectus 02/28/2023 Regulatory Summary Prospectus
Financial Investors Trust 1st Fiscal Quarter Holdings 01/31/2023 Regulatory 1st Fiscal Quarter Holdings
ALPS | Smith Funds Annual Report 10/31/2022 Regulatory Annual Report

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Fund Disclosure

The Refinitiv Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Refinitiv Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the Refinitiv Lipper Fund Award. For more information, see Although Refinitiv Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.

The characteristics presented reflect trade date + 1 information.

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. is the investment adviser to the Fund and Smith Capital Investors, LLC is the investment sub-adviser to the Fund. 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.