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
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 1.18% year-to-date (YTD) and 7.06% in the last 12 months.
SMCVX
1.18%
0.96%
1.95%
7.06%
N/A
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.85% | 1.18% | |||||||||||
| 2024 | 1.09% | -0.48% | 1.24% | -1.37% | 1.03% | 0.88% | 1.90% | 1.26% | 1.55% | -0.90% | 0.95% | -0.88% | 6.38% |
| 2023 | 3.64% | -1.89% | -0.42% | 0.61% | -0.93% | 0.88% | 1.34% | -0.22% | -1.82% | -1.27% | 4.94% | 3.40% | 8.27% |
| 2022 | -2.53% | -1.42% | -1.38% | -2.96% | -0.45% | -5.06% | 4.16% | -1.61% | -3.59% | 1.60% | 1.85% | -0.34% | -11.45% |
| 2021 | -0.02% | -0.26% | -0.35% | 1.26% | 0.42% | 1.05% | 0.60% | 0.22% | -0.29% | -0.18% | -0.74% | 0.91% | 2.63% |
| 2020 | -0.60% | 0.37% | 3.30% | 1.52% | 4.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, SMCVX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 5.82% dividend yield over the last twelve months, with an annual payout of $0.54 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.55 | $0.46 | $0.35 | $0.25 | $0.06 |
Dividend yield | 5.82% | 5.99% | 5.01% | 3.99% | 2.41% | 0.60% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.08 | $0.05 | $0.04 | $0.04 | $0.55 |
| 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 | $0.02 | $0.25 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.06 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 14.81%, occurring on Sep 29, 2022. Recovery took 472 trading sessions.
The current ALPS/Smith Credit Opportunities Fund drawdown is 0.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.81% | Sep 16, 2021 | 262 | Sep 29, 2022 | 472 | Aug 16, 2024 | 734 |
| -2.08% | Feb 12, 2021 | 24 | Mar 18, 2021 | 33 | May 5, 2021 | 57 |
| -1.85% | Dec 9, 2024 | 23 | Jan 13, 2025 | — | — | — |
| -1.28% | Oct 2, 2024 | 16 | Oct 23, 2024 | 27 | Dec 2, 2024 | 43 |
| -1% | Sep 18, 2020 | 6 | Sep 25, 2020 | 10 | Oct 9, 2020 | 16 |
Volatility
Volatility Chart
The current ALPS/Smith Credit Opportunities Fund volatility is 0.91%, 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.