RiverFront Dynamic US Dividend Advantage ETF
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.9%
1 yr return
23.2%
3 Yr Avg Return
8.7%
5 Yr Avg Return
11.2%
Net Assets
$77.4 M
Holdings in Top 10
37.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.52%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RFDA - Profile
Distributions
- YTD Total Return 5.9%
- 3 Yr Annualized Total Return 8.7%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.47%
- Dividend Yield 1.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRiverFront Dynamic US Dividend Advantage ETF
-
Fund Family NameALPS Advised Funds
-
Inception DateJun 06, 2016
-
Shares Outstanding2400002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAdam Grossman
Fund Description
Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 65% of its net assets in a portfolio of equity securities of publicly traded U.S. companies with the potential for dividend income. Equity securities include common stocks and common or preferred shares of real estate investment trusts (“REITs”).
In selecting the Fund’s portfolio securities, RiverFront Investment Group, LLC, the Fund’s sub-adviser (“RiverFront” or the “Sub-Adviser”), assembles a portfolio of eligible securities based on several core attributes, including, but not limited to, value, quality and momentum. The Sub-Adviser will consider multiple proprietary factors within each core attribute, such as the price-to-book value of a security when determining value, a company’s cash as a percentage of the company’s market capitalization when determining quality and a security’s three month relative price change when determining momentum. Additionally, within a given sector, security selection will emphasize companies offering a meaningful dividend yield premium over alternative investments within that sector. The Sub-Adviser then assigns each qualifying security a score based on its core attributes, including its dividend yield, and selects the individual securities with the highest scores for investment. In doing so, the Sub-Adviser utilizes its proprietary optimization process to maximize the percentage of high-scoring securities included in the portfolio in accordance with sector and risk factor (e.g., beta, quality, volatility) limitations, subject to the Sub-Adviser’s fundamental active overlay. The Sub-Adviser will also consider the market capitalization of the companies in which the Fund may invest, the potential for dividend income, and the trading volume of a company’s shares in the secondary market. The strategy is largely quantitative and rules-based, but also includes multiple parameters over which the Sub-Adviser may exercise discretion (including, but not limited to, the number of holdings and the weightings of particular holdings) in connection with its active management of the Fund.
The Fund may invest in small-, mid- and large-capitalization companies. The Fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of U.S. issuers. The Fund considers a “U.S. issuer” to be one (i) domiciled or with a principal place of business or primary securities trading market in the United States, or (ii) that derives more than 50% of its total revenues or profits from the United States. The Fund may invest significantly in companies involved in the financial services sector.
The Fund may also invest in other exchange-traded funds (“ETFs”) and/or closed-end funds which invest in equity securities.
RFDA - Performance
Return Ranking - Trailing
Period | RFDA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -3.0% | 12.1% | 48.00% |
1 Yr | 23.2% | -0.6% | 44.6% | 55.08% |
3 Yr | 8.7%* | -12.9% | 13.6% | 10.90% |
5 Yr | 11.2%* | -9.6% | 106.3% | 66.81% |
10 Yr | N/A* | -0.3% | 20.4% | 80.78% |
* Annualized
Return Ranking - Calendar
Period | RFDA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.7% | -42.6% | 47.4% | 72.14% |
2022 | -11.6% | -56.3% | -4.2% | 3.55% |
2021 | 24.0% | -27.2% | 53.7% | 19.44% |
2020 | 9.2% | -36.2% | 2181.7% | 65.90% |
2019 | 24.6% | -22.7% | 40.4% | 41.64% |
Total Return Ranking - Trailing
Period | RFDA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.9% | -3.0% | 12.1% | 48.00% |
1 Yr | 23.2% | -0.6% | 44.6% | 55.08% |
3 Yr | 8.7%* | -12.9% | 13.6% | 10.90% |
5 Yr | 11.2%* | -9.6% | 106.3% | 66.81% |
10 Yr | N/A* | -0.3% | 20.4% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RFDA Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.0% | -5.0% | 47.4% | 82.07% |
2022 | -8.6% | -36.8% | -2.2% | 6.37% |
2021 | 25.9% | 3.0% | 124.3% | 56.85% |
2020 | 11.1% | -15.8% | 2266.0% | 85.08% |
2019 | 27.1% | -0.4% | 241.3% | 76.23% |
RFDA - Holdings
Concentration Analysis
RFDA | Category Low | Category High | RFDA % Rank | |
---|---|---|---|---|
Net Assets | 77.4 M | 2.34 M | 1.55 T | 89.70% |
Number of Holdings | 79 | 2 | 4048 | 59.50% |
Net Assets in Top 10 | 28.1 M | 885 K | 387 B | 89.22% |
Weighting of Top 10 | 37.30% | 0.3% | 112.0% | 34.56% |
Top 10 Holdings
- Microsoft Corp. 8.91%
- Apple, Inc. 7.50%
- Amazon.com, Inc. 4.30%
- NVIDIA Corp. 3.84%
- Exxon Mobil Corp. 2.33%
- Merck Co., Inc. 2.28%
- Alphabet, Inc. 2.20%
- Booking Holdings, Inc. 2.06%
- Equitrans Midstream Corp. 1.96%
- CVS Health Corp. 1.93%
Asset Allocation
Weighting | Return Low | Return High | RFDA % Rank | |
---|---|---|---|---|
Stocks | 99.85% | 0.00% | 124.03% | 8.47% |
Cash | 0.15% | 0.00% | 99.06% | 86.10% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 91.61% |
Other | 0.00% | -13.91% | 100.00% | 92.09% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 91.19% |
Bonds | 0.00% | -0.37% | 93.78% | 91.05% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RFDA % Rank | |
---|---|---|---|---|
Technology | 20.34% | 0.00% | 48.94% | 74.80% |
Financial Services | 15.34% | 0.00% | 55.59% | 27.40% |
Real Estate | 13.73% | 0.00% | 31.91% | 0.33% |
Healthcare | 13.16% | 0.00% | 60.70% | 77.80% |
Consumer Defense | 10.73% | 0.00% | 47.71% | 11.71% |
Utilities | 8.00% | 0.00% | 20.91% | 1.71% |
Industrials | 8.00% | 0.00% | 29.90% | 80.89% |
Energy | 6.50% | 0.00% | 41.64% | 10.00% |
Communication Services | 2.93% | 0.00% | 27.94% | 92.28% |
Basic Materials | 1.26% | 0.00% | 25.70% | 86.59% |
Consumer Cyclical | 0.00% | 0.00% | 30.33% | 100.00% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RFDA % Rank | |
---|---|---|---|---|
US | 99.85% | 0.00% | 124.03% | 7.51% |
Non US | 0.00% | 0.00% | 62.81% | 92.65% |
RFDA - Expenses
Operational Fees
RFDA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.52% | 0.01% | 19.75% | 73.39% |
Management Fee | 0.52% | 0.00% | 1.90% | 51.20% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
RFDA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
RFDA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RFDA Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | 79.68% |
RFDA - Distributions
Dividend Yield Analysis
RFDA | Category Low | Category High | RFDA % Rank | |
---|---|---|---|---|
Dividend Yield | 1.18% | 0.00% | 25.50% | 33.63% |
Dividend Distribution Analysis
RFDA | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Annual |
Net Income Ratio Analysis
RFDA | Category Low | Category High | RFDA % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.47% | -54.00% | 6.06% | 6.53% |
Capital Gain Distribution Analysis
RFDA | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.048 | OrdinaryDividend |
Mar 26, 2024 | $0.229 | OrdinaryDividend |
Feb 27, 2024 | $0.065 | OrdinaryDividend |
Jan 30, 2024 | $0.059 | OrdinaryDividend |
Dec 22, 2023 | $0.245 | OrdinaryDividend |
Nov 27, 2023 | $0.125 | OrdinaryDividend |
Oct 31, 2023 | $0.018 | OrdinaryDividend |
Sep 26, 2023 | $0.154 | OrdinaryDividend |
Aug 29, 2023 | $0.122 | OrdinaryDividend |
Jul 25, 2023 | $0.039 | OrdinaryDividend |
Jun 27, 2023 | $0.123 | OrdinaryDividend |
May 31, 2023 | $0.077 | OrdinaryDividend |
Apr 25, 2023 | $0.100 | OrdinaryDividend |
Mar 28, 2023 | $0.118 | OrdinaryDividend |
Feb 28, 2023 | $0.119 | OrdinaryDividend |
Jan 31, 2023 | $0.037 | OrdinaryDividend |
Dec 22, 2022 | $0.194 | OrdinaryDividend |
Nov 16, 2022 | $0.130 | OrdinaryDividend |
Oct 27, 2022 | $0.086 | OrdinaryDividend |
Sep 29, 2022 | $0.207 | OrdinaryDividend |
Aug 25, 2022 | $0.086 | OrdinaryDividend |
Jul 28, 2022 | $0.084 | OrdinaryDividend |
Jun 30, 2022 | $0.149 | OrdinaryDividend |
May 26, 2022 | $0.143 | OrdinaryDividend |
Apr 28, 2022 | $0.052 | OrdinaryDividend |
Mar 31, 2022 | $0.150 | OrdinaryDividend |
Feb 24, 2022 | $0.139 | OrdinaryDividend |
Jan 27, 2022 | $0.076 | OrdinaryDividend |
Dec 23, 2021 | $0.109 | OrdinaryDividend |
Nov 18, 2021 | $0.062 | OrdinaryDividend |
Oct 28, 2021 | $0.029 | OrdinaryDividend |
Sep 30, 2021 | $0.065 | OrdinaryDividend |
Aug 26, 2021 | $0.021 | OrdinaryDividend |
Jul 29, 2021 | $0.054 | OrdinaryDividend |
Jun 24, 2021 | $0.071 | OrdinaryDividend |
May 27, 2021 | $0.055 | OrdinaryDividend |
Apr 29, 2021 | $0.038 | OrdinaryDividend |
Mar 25, 2021 | $0.063 | OrdinaryDividend |
Feb 25, 2021 | $0.037 | OrdinaryDividend |
Jan 28, 2021 | $0.078 | OrdinaryDividend |
Dec 24, 2020 | $0.053 | OrdinaryDividend |
Nov 19, 2020 | $0.051 | OrdinaryDividend |
Oct 29, 2020 | $0.033 | OrdinaryDividend |
Sep 24, 2020 | $0.050 | OrdinaryDividend |
Aug 27, 2020 | $0.056 | OrdinaryDividend |
Jul 30, 2020 | $0.037 | OrdinaryDividend |
Jun 25, 2020 | $0.044 | OrdinaryDividend |
May 28, 2020 | $0.056 | OrdinaryDividend |
Apr 23, 2020 | $0.037 | OrdinaryDividend |
Mar 26, 2020 | $0.057 | OrdinaryDividend |
Feb 27, 2020 | $0.035 | OrdinaryDividend |
Jan 23, 2020 | $0.061 | OrdinaryDividend |
Dec 26, 2019 | $0.071 | OrdinaryDividend |
Nov 21, 2019 | $0.083 | OrdinaryDividend |
Oct 24, 2019 | $0.041 | OrdinaryDividend |
Sep 26, 2019 | $0.048 | OrdinaryDividend |
Aug 29, 2019 | $0.081 | OrdinaryDividend |
Jul 25, 2019 | $0.033 | OrdinaryDividend |
Jun 27, 2019 | $0.057 | OrdinaryDividend |
May 30, 2019 | $0.068 | OrdinaryDividend |
Apr 25, 2019 | $0.026 | OrdinaryDividend |
Mar 28, 2019 | $0.067 | OrdinaryDividend |
Feb 28, 2019 | $0.052 | OrdinaryDividend |
Jan 24, 2019 | $0.028 | OrdinaryDividend |
Dec 27, 2018 | $0.088 | OrdinaryDividend |
Nov 23, 2018 | $0.096 | OrdinaryDividend |
Oct 25, 2018 | $0.020 | OrdinaryDividend |
Sep 27, 2018 | $0.053 | OrdinaryDividend |
Aug 30, 2018 | $0.071 | OrdinaryDividend |
Jul 26, 2018 | $0.023 | OrdinaryDividend |
Jun 28, 2018 | $0.064 | OrdinaryDividend |
May 24, 2018 | $0.085 | OrdinaryDividend |
Apr 26, 2018 | $0.027 | OrdinaryDividend |
Mar 29, 2018 | $0.067 | OrdinaryDividend |
Feb 23, 2018 | $0.069 | OrdinaryDividend |
Jan 25, 2018 | $0.024 | OrdinaryDividend |
Dec 28, 2017 | $0.068 | OrdinaryDividend |
Nov 22, 2017 | $0.076 | OrdinaryDividend |
Oct 25, 2017 | $0.024 | OrdinaryDividend |
Sep 27, 2017 | $0.043 | OrdinaryDividend |
Aug 30, 2017 | $0.066 | OrdinaryDividend |
Jul 26, 2017 | $0.024 | OrdinaryDividend |
Jun 28, 2017 | $0.058 | OrdinaryDividend |
May 24, 2017 | $0.072 | OrdinaryDividend |
Apr 26, 2017 | $0.011 | OrdinaryDividend |
Mar 29, 2017 | $0.073 | OrdinaryDividend |
Feb 23, 2017 | $0.068 | OrdinaryDividend |
Jan 25, 2017 | $0.019 | OrdinaryDividend |
Dec 29, 2016 | $0.050 | OrdinaryDividend |
Nov 23, 2016 | $0.066 | OrdinaryDividend |
Oct 26, 2016 | $0.016 | OrdinaryDividend |
Sep 28, 2016 | $0.054 | OrdinaryDividend |
Aug 31, 2016 | $0.041 | OrdinaryDividend |
Jul 27, 2016 | $0.038 | OrdinaryDividend |
RFDA - Fund Manager Analysis
Managers
Adam Grossman
Start Date
Tenure
Tenure Rank
Jun 06, 2016
5.99
6.0%
Adam serves as the Global Equity CIO, responsible for the investments of the US Equity and International Equity teams. In addition, he serves as the Co-Head of the Investment Committee and serves on the Operating Committee. He brings nearly 20 years’ worth of industry experience in quantitative risk management and portfolio analytics. Adam is responsible for the equity decisions made in the various strategies and the development of the factor models used in the investment processes at RiverFront. Prior to joining RiverFront, Adam worked at the Virginia Retirement System (VRS), where he managed International Equity and REIT Portfolios and developed research on equity selection and portfolio construction. He began his investment career as a fixed income analyst at VRS. Adam earned a BS from Baldwin-Wallace College with a double major in Mathematical Economics and Finance, and an MA in Financial Economics from Virginia Commonwealth University. He received his Chartered Financial Analyst® designation in 2009.
Chris Konstantinos
Start Date
Tenure
Tenure Rank
Jun 06, 2016
5.99
6.0%
Mr. Konstantinos is a co-manager of each Fund. In this role, he is responsible for both asset allocation and selection decisions. He is a Co-Chair of RiverFront’s Investment Committee and also serves on the RiverFront Investment Group, LLC’s Executive Committee. Mr. Konstantinos has been with RiverFront since the company’s founding in 2008. He began his career in 2000 as a corporate finance analyst in the Technology sector at a predecessor to Wachovia Securities. He joined Wachovia’s Advisory Services Group in 2002 as an equity strategist, and worked in various capacities within equity strategy and portfolio management until his departure in 2008. Mr. Konstantinos earned his BS in Business Administration from the Kenan-Flagler School of Business at the University of North Carolina at Chapel Hill. Mr. Konstantinos received his CFA designation in 2013 and holds FINRA Series 7 and 66 licenses.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.27 | 2.42 |