DENVER, Dec. 6, 2023
/PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned
subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC),
has partnered with Smith Capital Investors to launch the ALPS |
Smith Core Plus Bond ETF (NYSE Arca: SMTH), an active, fixed income
ETF.
In partnering with Smith Capital Investors, SS&C ALPS
Advisors recognized an opportunity to provide an actively managed
fixed income ETF with a focus on risk-adjusted returns and
preservation of capital.
"Investment partnerships are the bridges connecting vision and
capital, paving the way for mutual growth and prosperity,"
said Laton Spahr*,
Portfolio Manager and President of
SS&C ALPS Advisors. "The new ETF offers an
actively managed, dynamic approach where stability meets
opportunity in the world of fixed income."
The Fund pursues its investment objective by investing, under
normal circumstances, at least 80% of its net assets (plus any
borrowings for investment purposes) in bonds. Bonds include, but
are not limited to, government notes and bonds, corporate bonds,
convertible bonds, commercial and residential mortgage-backed
securities and zero-coupon bonds. The Fund will target a weighted
average effective duration +/- 40% of the current effective
duration of the Bloomberg US Aggregate Bond Index.
Smith Capital Investors believes the active management approach
and dynamic portfolio positioning capability—defensive, neutral or
opportunistic—allow allocation flexibility in response to varied
market conditions.
"Fixed income investing requires disciplined consistency through
market cycles and a focus on delivering risk-adjusted returns with
a focus on preservation of capital," said Gibson Smith*, Founder
and Chief Investment Officer of Smith Capital Investors. "Few find
fixed income exciting or inspiring, but for this team, it is our
calling and our mission."
Fund Objective
The ALPS | Smith Core Plus Bond ETF seeks above average total
return from a combination of current income and capital
appreciation.
Important Disclosures
An investor should consider the investment objectives,
risks, charges and expenses carefully before investing. To obtain a
prospectus containing this and other information, call
1-866-759-5679 or visit www.alpsfunds.com. Read the prospectus
carefully before investing.
Shares of ETFs are bought and sold at market price (not NAV)
and are not individually redeemable.
All investments are subject to risks, including the loss of
money and the possible loss of the entire principal amount
invested. Additional information regarding the risks of this
investment is available in the prospectus.
The Fund is new and has limited operating history.
A rise in interest rates typically causes bond prices to
fall. The longer the duration of the bonds held by a fund, the more
sensitive it will likely be to interest rate fluctuations. Duration
measures the weighted average term to maturity of a bond's expected
cash flows. Duration also represents the approximate percentage
change that the price of a bond would experience for a 1% change in
yield. For example: the price of a bond with a duration of 5 years
would change approximately 5% for a 1% change in yield. The price
of a bond with a duration of 10 years would be expected to decline
by approximately 10% if its yield was to rise by +1%. Bond yields
tend to fluctuate in response to changes in market levels of
interest rates. Generally, if interest rates rise, a bond's yield
will also rise in response; the duration of the bond will determine
how much the price of the bond will change in response to the
change in yield.
The Fund's investments in fixed-income securities and
positions in fixed-income derivatives may decline in value because
of changes in interest rates. As nominal interest rates rise, the
value of fixed-income securities and any long positions in
fixed-income derivatives held by the Fund are likely to decrease,
whereas the value of its short positions in fixed-income
derivatives is likely to increase.
Overall securities market risks may affect the value of
individual instruments in which the Fund invests. Factors such as
domestic and foreign economic growth and market conditions,
interest rate levels, and political events affect the securities
and derivatives markets. When the value of the Fund's investments
goes down, your investment in the Fund decreases in value and you
could lose money.
*Laton Spahr and Gibson Smith are Registered Representatives
of ALPS Distributors, Inc.
ALPS Advisors, Inc. is the investment adviser to the Fund and
Smith Capital Investors, LLC is the investment sub-adviser to the
Fund. ALPS Advisors, Inc., ALPS Distributors, Inc. and ALPS
Portfolio Solutions Distributor, Inc., affiliated entities, are
unaffiliated with Smith Capital Investors, LLC.
ALPS Portfolio Solutions Distributor, Inc. is the distributor
for the Fund.
Not FDIC Insured • No Bank Guarantee • May Lose Value
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology. Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
About SS&C ALPS Advisors
SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C
Technologies, is a leading provider of investment products for
advisors and institutions. With over $20
billion under management as of September 30, 2023, SS&C ALPS Advisors is an
open architecture boutique investment manager offering portfolio
building blocks, active insight and an unwavering drive to guide
clients to investment outcomes across sustainable income, thematic
and alternative growth strategies. For more information, visit
www.alpsfunds.com.
About Smith Capital Investors
Smith Capital Investors, a Colorado-based investment advisor registered
with the SEC, is focused on income investing with a keen eye on
risk-adjusted returns and preservation of capital. Smith Capital
Investors deploys an actively managed, fundamentally driven
investment process led by an experienced, investment-centric and
proven team of investment professionals. For more information on
Smith Capital Investors please visit
www.smithcapitalinvestors.com.
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SOURCE SS&C / ALPS Smith