ALPS/Smith Balanced Opportunity Fund (ALIBX)
The fund invests in a mix of equity and fixed-income securities, with a focus on common and preferred stocks as well as various types of debt securities including corporate bonds and mortgage-backed securities.
Fund Info
| Issuer | ALPS |
|---|---|
| Inception Date | Sep 14, 2020 |
| Category | Diversified Portfolio |
| Min. Investment | $2,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ALIBX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ALPS/Smith Balanced Opportunity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ALPS/Smith Balanced Opportunity Fund had a return of 6.49% year-to-date (YTD) and 17.75% in the last 12 months. Over the past 10 years, ALPS/Smith Balanced Opportunity Fund had an annualized return of 7.52%, while the S&P 500 had an annualized return of 10.79%, indicating that ALPS/Smith Balanced Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.49% | 9.47% |
| 1 month | 1.49% | 1.91% |
| 6 months | 14.33% | 18.36% |
| 1 year | 17.75% | 26.61% |
| 5 years (annualized) | 7.52% | 12.90% |
| 10 years (annualized) | 7.52% | 10.79% |
Monthly Returns
The table below presents the monthly returns of ALIBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.14% | 3.27% | 2.66% | -3.41% | 6.49% | ||||||||
| 2023 | 5.48% | -2.28% | 2.27% | 0.68% | 0.04% | 3.45% | 2.09% | -1.58% | -3.61% | -1.91% | 6.91% | 4.32% | 16.38% |
| 2022 | -4.49% | -1.10% | 1.20% | -6.50% | -0.59% | -7.16% | 7.25% | -3.02% | -6.39% | 3.65% | 5.05% | -4.13% | -16.15% |
| 2021 | -0.63% | 3.59% | 2.47% | 3.53% | 0.24% | 0.42% | 1.69% | 1.02% | -3.17% | 3.68% | -1.13% | 3.06% | 15.53% |
| 2020 | 0.00% | -0.68% | 6.64% | 2.52% | 8.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ALIBX is 80, placing it in the top 20% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
ALIBX (ALPS/Smith Balanced Opportunity Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ALPS/Smith Balanced Opportunity Fund (ALIBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ALPS/Smith Balanced Opportunity Fund granted a 1.59% dividend yield in the last twelve months. The annual payout for that period amounted to $0.20 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.20 | $0.20 | $0.12 | $0.07 | $0.01 |
Dividend yield | 1.59% | 1.66% | 1.19% | 0.59% | 0.12% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Smith Balanced Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.02 | $0.02 | $0.01 | $0.00 | $0.06 | |||||||
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.20 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.03 | $0.07 |
| 2020 | $0.00 | $0.01 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the ALPS/Smith Balanced Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ALPS/Smith Balanced Opportunity Fund was 20.29%, occurring on Oct 14, 2022. Recovery took 329 trading sessions.
The current ALPS/Smith Balanced Opportunity Fund drawdown is 0.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -20.29% | Dec 30, 2021 | 200 | Oct 14, 2022 | 329 | Feb 7, 2024 | 529 |
| -17.28% | Jul 25, 2007 | 798 | Sep 23, 2010 | 396 | Mar 11, 2021 | 1194 |
| -7.77% | Jul 20, 2006 | 94 | Nov 30, 2006 | 147 | Jul 6, 2007 | 241 |
| -3.67% | Mar 22, 2024 | 20 | Apr 19, 2024 | — | — | — |
| -3.41% | Sep 3, 2021 | 19 | Sep 30, 2021 | 20 | Oct 28, 2021 | 39 |
Volatility
Volatility Chart
The current ALPS/Smith Balanced Opportunity Fund volatility is 2.29%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.