ALPS/Smith Credit Opportunities Fund (SMCVX)
The fund primarily invests in U.S. debt securities across various sectors for potential capital appreciation, with a focus on credit and credit-related instruments, including below investment grade securities.
Fund Info
Issuer | ALPS |
---|---|
Inception Date | Sep 14, 2020 |
Category | Multisector Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
SMCVX has a high expense ratio of 1.17%, 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 Credit Opportunities 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 Credit Opportunities Fund had a return of 2.01% year-to-date (YTD) and 9.77% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.01% | 11.18% |
1 month | 2.05% | 5.60% |
6 months | 6.92% | 17.48% |
1 year | 9.77% | 26.33% |
5 years (annualized) | N/A | 13.16% |
10 years (annualized) | N/A | 10.99% |
Monthly Returns
The table below presents the monthly returns of SMCVX, 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 | 1.08% | -0.48% | 1.24% | -1.38% | 2.01% | ||||||||
2023 | 3.63% | -1.88% | -0.41% | 0.61% | -0.93% | 0.87% | 1.34% | -0.22% | -1.59% | -1.50% | 4.94% | 3.40% | 8.28% |
2022 | -2.52% | -1.42% | -1.38% | -3.48% | 0.08% | -5.06% | 4.16% | -1.61% | -3.58% | 1.59% | 1.85% | -0.34% | -11.44% |
2021 | -0.02% | -0.26% | -0.35% | 1.26% | 0.43% | 1.04% | 0.60% | 0.22% | -0.29% | -0.19% | -0.73% | 1.28% | 3.02% |
2020 | -0.60% | 0.37% | 3.30% | 1.68% | 4.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SMCVX is 72, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
SMCVX (ALPS/Smith Credit Opportunities Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ALPS/Smith Credit Opportunities Fund (SMCVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ALPS/Smith Credit Opportunities Fund granted a 5.27% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Dividend | $0.48 | $0.46 | $0.35 | $0.29 | $0.08 |
Dividend yield | 5.27% | 5.01% | 4.00% | 2.78% | 0.75% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Smith Credit Opportunities 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 | $0.04 | $0.05 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
2023 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
2022 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.35 |
2021 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.06 | $0.29 |
2020 | $0.02 | $0.02 | $0.04 | $0.08 |
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 Credit Opportunities 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 Credit Opportunities Fund was 14.49%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current ALPS/Smith Credit Opportunities Fund drawdown is 2.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-14.49% | Sep 16, 2021 | 273 | Oct 14, 2022 | — | — | — |
-2.08% | Feb 12, 2021 | 24 | Mar 18, 2021 | 33 | May 5, 2021 | 57 |
-1% | Sep 18, 2020 | 6 | Sep 25, 2020 | 9 | Oct 8, 2020 | 15 |
-0.63% | Oct 26, 2020 | 5 | Oct 30, 2020 | 3 | Nov 4, 2020 | 8 |
-0.58% | May 10, 2021 | 8 | May 19, 2021 | 6 | May 27, 2021 | 14 |
Volatility
Volatility Chart
The current ALPS/Smith Credit Opportunities Fund volatility is 1.41%, 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.