RiverFront Asset Allocation Moderate C
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-3.6%
1 yr return
10.3%
3 Yr Avg Return
10.6%
5 Yr Avg Return
6.7%
Net Assets
$47.4 M
Holdings in Top 10
N/A
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.77%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RMICX - Profile
Distributions
- YTD Total Return -3.6%
- 3 Yr Annualized Total Return 10.6%
- 5 Yr Annualized Total Return 6.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.72%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameRiverFront Asset Allocation Moderate
-
Fund Family NameALPS
-
Inception DateAug 02, 2010
-
Shares Outstanding908037
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBill Ryder
Fund Description
ALPS Advisors, Inc. (the “Adviser”) and RiverFront Investment Group, LLC (the “Sub-Adviser” or “RiverFront”) seek to achieve the Fund’s investment objective by strategically investing in, and tactically adjusting allocations to, exchange-traded funds (ETFs) that, under normal market conditions, are expected to primarily consist of ETFs sub-advised by RiverFront (“RiverFront ETFs”). The Fund also seeks, under normal market conditions, a target asset allocation, on a look-through basis, of 50% to equities and 50% to fixed-income securities, subject to the variations described below. The Fund’s strategic allocation refers to the Sub-Adviser’s long-term, macro-view targeted allocation of asset class exposure that takes into consideration the Fund’s particular investment objective and risk limitations. The Fund’s tactical adjustments refer to the Sub-Adviser’s periodic (typically quarterly, under normal circumstances) modifications of the Fund’s allocation in response to prevailing market conditions, to seek to emphasize asset classes that have positive momentum.
The Fund is designed for investors seeking current income and the potential for increased income over time by providing exposure to both equity and fixed income investments consistent with a level of risk that the Sub-Adviser believes would typically be appropriate for the diverse needs of groups of employee retirement plan participants as a whole. Variations of up to 20% in the target asset allocation between equities and fixed income securities are permitted. Therefore, under normal conditions, the equity/fixed income allocation in the Fund may range from 30%/70% to 70%/30% instead of the 50%/50% target. The Fund is expected to invest between 30% and 70% of its net assets to ETFs with exposure to a globally diversified basket of equities. Special focus will be placed on identifying and investing in RiverFront ETFs that invest in dividend paying equity securities. The balance of the Fund’s assets (typically between 70% and 30%) is expected to be invested primarily in ETFs with exposure to corporate debt securities and which receive, and pay, income from such securities. The fixed income ETFs included in the portfolio may hold fixed income instruments of any credit quality, including “junk” bonds, and of any duration. The equity issuers to which the Fund will have exposure may be issuers of any market capitalization.
The Fund’s allocations to the various global equity and debt markets (which may include exposure to securities of issuers in emerging markets) will generally be determined by RiverFront’s assessment of the growth potential presented by these markets, with the relative attractiveness of the market from a valuation perspective being a primary determinant of growth potential. RiverFront may tactically depart from the targeted allocations when certain sectors appear to be over or under-valued. These strategies may result in high portfolio turnover and portfolio volatility. The Fund seeks to avoid what it regards as prolonged overemphasis in any particular asset class while balancing the ability to adjust allocations in response to momentum shifts.
In making strategic asset allocation decisions for a Fund, RiverFront seeks to identify various equity and other asset classes or market sectors that appear to present attractive relative long-term value and capital growth opportunities over a three- to ten-year period, and to position the Fund’s portfolio across asset classes that offer the optimal combination of risk and long-term return potential. After determining the strategic asset allocation for a Fund, RiverFront applies tactical allocation that incorporates price, economic and earnings momentum into the asset allocation decisions. Tactical allocation combines mathematical valuation models with market judgment and technical analysis in making risk-controlled adjustments to the strategic asset allocation in order to take advantage of short-term opportunities.
Certain of the RiverFront ETFs that invest in securities of non-U.S. companies may seek to hedge their currency exposure by entering into currency forward contracts or futures contracts.
Each RiverFront ETF may also invest in common and preferred shares of real estate investment trusts (or REITs), which are companies that invest in real estate, mortgages, and/or construction loans.
Under normal circumstances, the Fund may invest at least 25% of its portfolio holdings in each of the RiverFront Dynamic Core Income ETF and the RiverFront Dynamic US Dividend Advantage ETF.
RMICX - Performance
Return Ranking - Trailing
Period | RMICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -44.9% | 108.5% | 26.84% |
1 Yr | 10.3% | -5.2% | 54.2% | 86.80% |
3 Yr | 10.6%* | 1.0% | 22.7% | 94.16% |
5 Yr | 6.7%* | 0.6% | 16.4% | 96.52% |
10 Yr | 6.1%* | 2.3% | 13.9% | 97.48% |
* Annualized
Return Ranking - Calendar
Period | RMICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -39.0% | 23.8% | 36.49% |
2022 | 5.6% | -20.0% | 28.7% | 68.43% |
2021 | 14.0% | -21.9% | 25.7% | 48.58% |
2020 | -22.3% | -48.9% | 14.0% | 98.31% |
2019 | 5.1% | -6.5% | 22.4% | 78.11% |
Total Return Ranking - Trailing
Period | RMICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -44.9% | 108.5% | 28.59% |
1 Yr | 9.3% | -5.2% | 49.9% | 84.25% |
3 Yr | 10.6%* | -1.2% | 22.7% | 80.54% |
5 Yr | 6.7%* | -0.5% | 16.4% | 91.80% |
10 Yr | 6.1%* | 1.9% | 13.9% | 95.80% |
* Annualized
Total Return Ranking - Calendar
Period | RMICX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -39.0% | 23.8% | 36.49% |
2022 | 5.6% | -20.0% | 28.7% | 68.43% |
2021 | 14.0% | -21.9% | 25.7% | 48.58% |
2020 | -22.3% | -48.9% | 14.0% | 98.31% |
2019 | 5.1% | -3.9% | 31.9% | 92.87% |
NAV & Total Return History
RMICX - Holdings
Concentration Analysis
RMICX | Category Low | Category High | RMICX % Rank | |
---|---|---|---|---|
Net Assets | 47.4 M | 626 K | 225 B | 89.44% |
Number of Holdings | 7 | 3 | 15571 | 96.35% |
Net Assets in Top 10 | 47.4 M | -1.62 M | 53.7 B | 67.01% |
Weighting of Top 10 | N/A | 8.8% | 100.0% | 4.58% |
Top 10 Holdings
- RiverFront Dynamic Core Income ETF 41.63%
- RiverFront Dynamic US Dividend Advtg ETF 35.42%
- First Trust RiverFront Dyn Dev Intl ETF 11.78%
- RiverFront Dynamic US Flex-Cap ETF 5.97%
- RiverFront Strategic Income ETF 3.12%
- State Street Instl Trs Pls MMkt Premier 2.15%
- RiverFront Dynamic Unconstrained Inc ETF 1.64%
Asset Allocation
Weighting | Return Low | Return High | RMICX % Rank | |
---|---|---|---|---|
Stocks | 53.06% | 0.00% | 99.13% | 84.72% |
Bonds | 39.75% | -14.87% | 119.58% | 13.57% |
Cash | 6.92% | -19.59% | 83.52% | 18.84% |
Convertible Bonds | 0.26% | 0.00% | 18.30% | 80.14% |
Other | 0.01% | -6.69% | 82.19% | 57.31% |
Preferred Stocks | 0.00% | 0.00% | 30.22% | 70.21% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RMICX % Rank | |
---|---|---|---|---|
Technology | 21.88% | 0.00% | 64.46% | 35.13% |
Financial Services | 14.36% | 0.00% | 100.00% | 58.09% |
Healthcare | 13.66% | 0.00% | 52.26% | 36.39% |
Industrials | 12.16% | 0.00% | 33.21% | 21.47% |
Real Estate | 9.53% | 0.00% | 100.00% | 12.74% |
Consumer Defense | 9.27% | 0.00% | 25.55% | 17.11% |
Utilities | 5.80% | 0.00% | 99.44% | 16.19% |
Energy | 3.62% | 0.00% | 31.13% | 46.15% |
Consumer Cyclical | 3.55% | 0.00% | 20.34% | 95.06% |
Communication Services | 3.38% | 0.00% | 26.80% | 90.47% |
Basic Materials | 2.80% | 0.00% | 34.29% | 73.82% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RMICX % Rank | |
---|---|---|---|---|
US | 41.47% | 0.00% | 97.66% | 71.23% |
Non US | 11.59% | 0.00% | 54.54% | 47.60% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RMICX % Rank | |
---|---|---|---|---|
Corporate | 73.82% | 0.00% | 99.56% | 9.82% |
Government | 22.33% | 0.00% | 99.98% | 59.47% |
Derivative | 2.56% | 0.00% | 33.03% | 17.58% |
Cash & Equivalents | 1.29% | 0.00% | 100.00% | 96.00% |
Securitized | 0.00% | 0.00% | 85.69% | 91.10% |
Municipal | 0.00% | 0.00% | 98.19% | 72.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RMICX % Rank | |
---|---|---|---|---|
US | 36.72% | -21.63% | 101.35% | 6.05% |
Non US | 3.03% | 0.00% | 106.10% | 66.55% |
RMICX - Expenses
Operational Fees
RMICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.77% | 0.06% | 5.49% | 12.29% |
Management Fee | 0.00% | 0.00% | 2.00% | 0.40% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 79.64% |
Administrative Fee | N/A | 0.01% | 0.83% | 82.46% |
Sales Fees
RMICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 66.95% |
Trading Fees
RMICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
RMICX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 0.00% | 343.00% | 21.18% |
RMICX - Distributions
Dividend Yield Analysis
RMICX | Category Low | Category High | RMICX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.83% | 0.00% | 1.68% | 18.92% |
Dividend Distribution Analysis
RMICX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RMICX | Category Low | Category High | RMICX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.72% | -2.06% | 11.02% | 73.54% |
Capital Gain Distribution Analysis
RMICX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2018 | $0.030 | |
Jun 27, 2018 | $0.047 | |
Jun 28, 2017 | $0.041 | |
Mar 29, 2017 | $0.001 | |
Dec 30, 2016 | $0.059 | |
Sep 28, 2016 | $0.016 | |
Jun 29, 2016 | $0.051 | |
Jun 24, 2015 | $0.051 | |
Mar 25, 2015 | $0.000 | |
Jan 02, 2015 | $0.085 | |
Sep 25, 2014 | $0.030 | |
Jun 25, 2014 | $0.019 | |
Dec 24, 2013 | $0.035 | |
Dec 24, 2012 | $0.070 | |
Dec 27, 2011 | $0.037 | |
Dec 27, 2010 | $0.045 |
RMICX - Fund Manager Analysis
Managers
Bill Ryder
Start Date
Tenure
Tenure Rank
Feb 28, 2018
3.84
3.8%
Bill serves as Director of Quantitative Market Strategy bringing more than 20 years of experience in the business. In his current role, Bill has worked to develop a number of quantitative tools that provide market signals to the team; focusing on time periods of 1 to 3 months. Prior to launching RiverFront, Bill was Director of Quantitative Strategy at Wachovia Securities and its predecessor firms. Bill joined the Investment Strategy Department of Wachovia Securities (Wheat First Butcher Singer) in 1991 and during his time there also served as a portfolio manager for separately managed and mutual fund portfolios. Bill is a Chartered Financial Analyst (CFA) and Chartered Market Technician (CMT).
Scott Hays
Start Date
Tenure
Tenure Rank
Mar 31, 2020
1.75
1.8%
As Quantitative Portfolio Manager, Scott is responsible for developing and implementing analytical investment approaches in the US Equity and International Equity markets. Prior to joining RiverFront, Scott co-founded and served as Chief Investment Officer of an alternative asset management company that employed a quantitative market-neutral equity approach. Scott also worked for 6 years at Analysis Group, a financial and economic consulting firm, where he managed a team dedicated to valuing illiquid assets such as mortgage-backed securities, real estate, and oil and gas properties. Scott received a BBA from Millsaps College, Summa Cum Laude, with a double major in Economics and Business Administration. He also earned an MBA with High Honors from the University of Chicago in Analytic Finance, Econometrics/Statistics and Economics. Additionally, Scott has successfully completed the FINRA Series 65 licensing exam.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 34.1 | 6.2 | 2.0 |