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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ALPS/Smith Credit Opportunities Fund (SMCVX) returned 0.95% year-to-date (YTD) and 5.97% over the past 12 months.
SMCVX
0.95%
-0.11%
0.17%
5.97%
4.00%
N/A
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | 1.20% | -0.69% | -0.52% | 0.11% | 0.95% | |||||||
| 2024 | 1.08% | -0.48% | 1.25% | -1.38% | 1.04% | 0.88% | 1.90% | 1.26% | 1.55% | -0.90% | 0.95% | -0.88% | 6.37% |
| 2023 | 3.63% | -1.88% | -0.41% | 0.61% | -0.93% | 0.87% | 1.33% | -0.22% | -1.81% | -1.27% | 4.94% | 3.40% | 8.28% |
| 2022 | -2.52% | -1.42% | -1.38% | -2.96% | -0.45% | -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% | -0.74% | 1.28% | 3.02% |
| 2020 | -0.60% | 0.37% | 3.30% | 1.68% | 4.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, SMCVX is among the top 11% 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.
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Dividends
Dividend History
ALPS/Smith Credit Opportunities Fund provided a 5.39% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.55 | $0.46 | $0.35 | $0.29 | $0.08 |
Dividend yield | 5.39% | 5.98% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.04 | $0.05 | $0.04 | $0.00 | $0.16 | |||||||
| 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 | $0.06 | $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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 Sep 29, 2022. Recovery took 462 trading sessions.
The current ALPS/Smith Credit Opportunities Fund drawdown is 1.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.49% | Sep 16, 2021 | 262 | Sep 29, 2022 | 462 | Aug 2, 2024 | 724 |
| -3.29% | Mar 4, 2025 | 29 | Apr 11, 2025 | — | — | — |
| -2.08% | Feb 12, 2021 | 24 | Mar 18, 2021 | 33 | May 5, 2021 | 57 |
| -1.84% | Dec 9, 2024 | 23 | Jan 13, 2025 | 27 | Feb 21, 2025 | 50 |
| -1.28% | Oct 2, 2024 | 16 | Oct 23, 2024 | 27 | Dec 2, 2024 | 43 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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