Fund Description
The Fund s portfolio is constructed through a two-step process, with the first step setting the allocation among different fixed income asset classes and the second step determining security selection within those asset classes. The allocation across long-term, medium-term and short-term investment grade securities, long-term and short-term high yield securities and emerging market debt is determined by a quantitative methodology. The methodology models historical returns as a function of initial valuation conditions and creates estimates of potential returns and downside risks consistent with historical market behavior. These capital market assumptions are incorporated into a patent-pending Mean Reversion Optimization (MRO) process to produce the index weighting within each of the major fixed income asset classes. The objective of this optimization is to construct a combination of fixed income asset classes that are expected to have a high probability of generating a positive potential total return over a five-year investment horizon.
Fund Profile
Fund Name RiverFront Dynamic Core Income ETF
Fund Exchange Ticker RFCI
Fund Sponsor ALPS
Fund ISIN US00162Q5365
Net Expense Ratio 0.52 %
Fund Inception Date 14 June 2016
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Broad Market
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Intermediate (3-10) years
Bond Currency Denomination USD
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 155.25 Million (USD)
1 Month Total Return 2.11 %
Year To Date Return 6.09 %
1 Year Total Return 7.06 %
3 Year Annualized Total Return 2.35 %
NAV 24.84
Share Outstanding 6,250,000
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash Equivalent CASH 0.0956000000
United States Treasury Bond BOND 0.0681000000
United States Treasury Note BOND 0.0343000000
United States Treasury Note BOND 0.0330000000
United States Treasury Strip Principal BOND 0.0239000000
United States Treasury Strip Principal BOND 0.0209000000
United States Treasury Note BOND 0.0202000000
United States Treasury Bond BOND 0.0126000000
United States Treasury Strip Principal BOND 0.0120000000
United States Treasury Bond BOND 0.0112000000