| RIGS | |
|---|---|
| Fund Stats as of 02/22/2019 | |
| Symbol | RIGS |
| Listing Exchange | NYSE Arca |
| CUSIP | 00162Q 783 |
| ISIN | US00162Q7833 |
| Inception Date | 10/07/2013 |
| Dividends Paid | Monthly |
| Fund Type | Exchange Traded Fund |
| Market Price | $24.51 |
| Last Trade Price | $24.57 |
| NAV | $24.50 |
| NAV Change | $0.02 |
| Total Net Assets | $156,809,067 |
| Total Market Value | $155,562,598 |
| Premium/Discount(%) | 0.04% |
| Difference ($) | $0.01 |
| Volume | 37,511 |
| Shares Outstanding | 6,400,000 |
| Expenses as of 03/31/2018 | |
| Management Fee | 0.46% |
| Other Expenses | 0.01% |
| Total Operating Expenses | 0.47% |
| Fee Waiver | -0.30% |
| Net Expense Ratio | 0.17% |
| Yield Data as of 12/31/2018 | |
| 30 Day SEC | 4.49% |
| 30 Day SEC Unsubsidized | 4.49% |
| Fund Resources | |
|---|---|
| Statement of Additional Information | |
| Quarterly Fact Sheet | |
| Statutory Prospectus | |
| Summary Prospectus | |
| Resource Library | |
The Fund utilizes various investment strategies in a broad array of fixed income sectors. The Fund allocates its investments based upon the analysis of RiverFront Investment Group, LLC of the pertinent economic and market conditions, as well as yield, maturity and currency considerations.
|
BB |
62.57% |
|
B |
21.91% |
|
BBB |
15.52% |
|
0 - 1 Years |
6.25% |
|
1 - 3 Years |
35.63% |
|
3 - 5 Years |
44.30% |
|
5 - 7 Years |
13.82% |
|
Corporate Debt |
100.00% |
* Exclusive of cash positions.
^Future holdings are subject to change.
†Blend of a security's Moody's, S&P, Fitch, and DBRS ratings. The rating agencies are evenly weighted when calculating the composite. It is calculated by taking the average of the existing ratings, rounded down to the lower rating in case the composite is between two ratings. A composite will not be generated if the bond is rated by only one of the four rating agencies. This composite is not intended to be a credit opinion.
The Fund seeks total return, with an emphasis on income as the source of that total return.
| Modified Duration | 2.03 |
| 30 Day SEC Yield1 | 3.92% |
| 30 Day SEC Yield (Unsubsidized)2 | 3.62% |
1 The 30 day SEC yield figure reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses.
2 The 30 day SEC Yield (Unsubsidized) figure reflects the dividends and interest earned during the period, after the deduction of the Fund’s expenses, excluding fee waivers.
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Market Price is based on the midpoint of the bid/ask spread at 4 p.m. ET and does not represent the returns an investor would receive if shares were traded at other times.
Performance data quoted represent past performance. Past performance is no guarantee of future results so that shares, when redeemed may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted.
The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub-Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. The performance of the Fund is related to the economic sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular economic sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain stocks selected for the Fund's portfolio may decline in value more than the overall stock markets.
The value of the Fund's investments in fixed-income securities will generally decrease when interest rates rise, which means the Fund's NAV will likewise decrease.
The RiverFront Strategic Income Fund is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.
RiverFront's Price Matters® discipline compares inflation-adjusted current prices relative to their long-term trend to help identify extremes in valuation.
ALPS Advisors, Inc. is the investment adviser to the Fund and RiverFront Investment Group, LLC is the investment sub-adviser. ALPS is not affiliated with RiverFront Investment Group, LLC.
The Fund's sub-adviser has agreed to waive all of its 0.24% annual sub-advisory fee payable by the Fund until at least March 31, 2016. This waiver may only be terminated by the Fund's Board of Trustees (and not by the Fund's sub-adviser) prior to such date.
Click here for terms and indexes used on this page. One cannot invest directly in an index.
Important Considerations
Investors should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus contains this and other important information. For a prospectus for the above listed funds, please click here. Please read the prospectus carefully before investing. For additional information on the above listed funds, please click the respective link.
Insurance Products Shares of the Portfolios are offered only to participating insurance companies and their separate accounts to fund the benefits of Variable Contracts, and to qualified pension and retirement plans and registered and unregistered separate accounts.
Closed-End Funds do not continuously issue shares for sale as open-end mutual funds do. Since the initial public offering, the Funds now trade in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market's value. The Fund's investment objective is fundamental and may not be changed without the vote of the Fund's shareholders.
USO, USL, DNO, UNG, UNL, UGA, UHN, BNO, USCI, CPER, USOU, USOD, and USAG are not mutual funds or any other type of Investment Company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.
Shares of Exchange Traded Funds (ETFs) are not individually redeemable and owners of the shares may acquire those shares from the ETF and tender those shares for redemption to the ETF in Creation Units only, see the ETF prospectus for additional information regarding Creation Units. Investors may purchase or sell ETF shares throughout the day through any brokerage account, which will result in typical brokerage commissions.
With the exception of the closed-end funds listed above, ALPS Distributors, Inc. and/or ALPS Portfolio Solutions Distributor, Inc., 1290 Broadway, Denver, CO 80203, is the distributor for the open-end mutual funds and exchange-traded funds/products on this website.
The Funds described on this website are offered to United States residents only. Information on this site should not be considered a solicitation to buy or an offer to sell a security any persons outside the United States.
ALPS Advisors, Inc., ALPS Distributors, Inc., ALPS Portfolio Solutions Distributor, Inc., and ALPS Fund Services, Inc. are subsidiaries of ALPS Holdings, Inc. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are registered broker-dealers and FINRA Members.
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