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
| ISIN | US31761R3856 |
|---|---|
| CUSIP | 31761R385 |
| Issuer | ALPS |
| Inception Date | Jun 29, 2018 |
| Category | Short-Term Bond |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
SMRSX has a high expense ratio of 0.93%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 1.22% year-to-date (YTD) and 4.74% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.22% | 11.05% |
| 1 month | 0.75% | 4.86% |
| 6 months | 2.96% | 17.50% |
| 1 year | 4.74% | 27.37% |
| 5 years (annualized) | 2.31% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.53% | -0.21% | 0.53% | -0.24% | 1.22% | ||||||||
| 2023 | 0.94% | -0.46% | 0.37% | 0.47% | -0.11% | -0.11% | 0.62% | 0.30% | -0.06% | 0.14% | 1.33% | 1.22% | 4.74% |
| 2022 | -0.61% | -0.44% | -0.99% | -0.62% | 0.49% | -1.06% | 0.71% | -0.44% | -1.02% | -0.12% | 0.90% | 0.35% | -2.85% |
| 2021 | 0.04% | -0.15% | -0.06% | 0.22% | 0.13% | -0.06% | 0.12% | 0.05% | -0.06% | -0.21% | -0.28% | 0.00% | -0.26% |
| 2020 | 0.64% | 0.63% | -1.61% | 2.61% | 1.20% | 0.87% | 0.76% | 0.17% | -0.02% | 0.16% | 0.44% | 0.32% | 6.28% |
| 2019 | 0.59% | 0.28% | 0.69% | 0.31% | 0.49% | 0.47% | 0.18% | 0.66% | 0.07% | 0.36% | 0.05% | 0.45% | 4.70% |
| 2018 | -0.10% | 0.34% | -0.06% | 0.07% | 0.27% | 0.55% | 1.08% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SMRSX is 91, placing it in the top 9% 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.
SMRSX (ALPS/Smith Short Duration Bond Fund)
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 granted a 3.91% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.36 | $0.15 | $0.07 | $0.20 | $0.31 | $0.09 |
Dividend yield | 3.91% | 3.50% | 1.49% | 0.69% | 1.93% | 3.02% | 0.87% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.14 | |||||||
| 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 | $0.01 | $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 | $0.03 | $0.07 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 | $0.20 |
| 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 | $0.09 |
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 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 4.94%, occurring on Oct 20, 2022. Recovery took 278 trading sessions.
The current ALPS/Smith Short Duration Bond Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.94% | Sep 23, 2021 | 272 | Oct 20, 2022 | 278 | Nov 29, 2023 | 550 |
| -3.49% | Mar 9, 2020 | 12 | Mar 24, 2020 | 14 | Apr 14, 2020 | 26 |
| -0.73% | Dec 26, 2019 | 1 | Dec 26, 2019 | 24 | Jan 31, 2020 | 25 |
| -0.49% | Apr 25, 2024 | 1 | Apr 25, 2024 | 6 | May 3, 2024 | 7 |
| -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 0.76%, 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.