ALPS/Smith Short Duration Bond Fund (SMRSX)
The fund invests, under normal circumstances, 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. It may also invest in asset-backed securities, money market instruments, commercial loans, and foreign debt securities.
Fund Info
US31761R3856
31761R385
Jun 29, 2018
$2,500
Expense Ratio
SMRSX has a high expense ratio of 0.93%, 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 Short Duration Bond 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 Short Duration Bond Fund had a return of 0.54% year-to-date (YTD) and 5.08% in the last 12 months.
SMRSX
0.54%
0.34%
1.69%
5.08%
2.25%
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 SMRSX, 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 | 0.54% | 0.54% | |||||||||||
| 2024 | 0.53% | -0.22% | 0.53% | -0.24% | 0.64% | 0.54% | 1.14% | 0.72% | 1.13% | -0.41% | 0.33% | 0.05% | 4.87% |
| 2023 | 0.93% | -0.46% | 0.37% | 0.47% | -0.11% | -0.11% | 0.62% | 0.30% | -0.06% | 0.14% | 1.33% | 1.22% | 4.73% |
| 2022 | -0.61% | -0.44% | -0.99% | -0.62% | 0.49% | -1.06% | 0.71% | -0.44% | -1.03% | -0.12% | 0.89% | 0.35% | -2.86% |
| 2021 | 0.04% | -0.15% | -0.06% | 0.22% | 0.13% | -0.07% | 0.12% | 0.05% | -0.07% | -0.21% | -0.27% | -0.25% | -0.51% |
| 2020 | 0.64% | 0.64% | -1.61% | 2.60% | 1.20% | 0.87% | 0.76% | 0.17% | -0.02% | 0.16% | 0.43% | -0.41% | 5.50% |
| 2019 | 0.60% | 0.28% | 0.70% | 0.32% | 0.48% | 0.47% | 0.18% | 0.66% | 0.07% | 0.36% | 0.05% | 0.45% | 4.71% |
| 2018 | -0.10% | 0.34% | -0.06% | 0.07% | 0.27% | 0.48% | 1.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, SMRSX is among the top 4% 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 Short Duration Bond Fund (SMRSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
ALPS/Smith Short Duration Bond Fund provided a 4.46% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.45 | $0.36 | $0.15 | $0.05 | $0.13 | $0.31 | $0.08 |
Dividend yield | 4.46% | 4.45% | 3.49% | 1.48% | 0.44% | 1.20% | 3.02% | 0.80% |
Monthly Dividends
The table displays the monthly dividend distributions for ALPS/Smith Short Duration Bond 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 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.07 | $0.04 | $0.03 | $0.04 | $0.45 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2022 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.15 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.05 |
| 2020 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.11 | $0.31 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ALPS/Smith Short Duration Bond 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 Short Duration Bond Fund was 5.48%, occurring on Oct 20, 2022. Recovery took 288 trading sessions.
The current ALPS/Smith Short Duration Bond Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.48% | Dec 24, 2020 | 459 | Oct 20, 2022 | 288 | Dec 13, 2023 | 747 |
| -3.49% | Mar 9, 2020 | 12 | Mar 24, 2020 | 14 | Apr 14, 2020 | 26 |
| -0.73% | Dec 26, 2019 | 1 | Dec 26, 2019 | 30 | Feb 10, 2020 | 31 |
| -0.6% | Oct 2, 2024 | 21 | Oct 30, 2024 | 24 | Dec 4, 2024 | 45 |
| -0.49% | Aug 29, 2019 | 11 | Sep 13, 2019 | 13 | Oct 2, 2019 | 24 |
Volatility
Volatility Chart
The current ALPS/Smith Short Duration Bond Fund volatility is 0.53%, 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.