ALPS | Smith Short Duration Bond Fund Class A (SMASX)

Overview

The fund is designed for investors looking to diversify their portfolios through investments in a mix of short- and intermediate-term fixed-income securities. It primarily focuses on enhancing portfolio returns while managing risk by investing in a broad range of debt instruments. These instruments include government securities, corporate bonds or notes, and agency securities. The fund aims to achieve its investment objectives by allocating at least 80% of its net assets, along with any borrowings for investment purposes, into these financial instruments. In addition to its core holdings, the fund also explores opportunities in asset-backed securities, money market instruments, commercial loans, and foreign debt securities to further diversify its investment portfolio.

Products and Services

• Government Securities:

  Investments in debt securities issued or guaranteed by government entities. These are considered low-risk investments and are used to add stability and security to the fund's portfolio.

• Corporate Bonds or Notes:

  Debt instruments issued by corporations to fund their operations, expansion, or other activities. These provide a way for the fund to achieve higher yields compared to government securities, albeit with a higher risk profile.

• Agency Securities:

  Securities issued by government-sponsored enterprises (GSEs) and federal agencies. Although not technically government debt, these securities offer a similar profile of low-risk, steady returns.

• Asset-Backed Securities:

  Investments in securities backed by a pool of assets, typically loans or receivables. These allow the fund to diversify into different types of credit risks and yields.

• Money Market Instruments:

  Short-term debt securities such as treasury bills, commercial paper, and certificates of deposit. They offer the fund liquidity and a safe place to park cash that can be quickly mobilized.

• Commercial Loans:

  Loans issued to businesses, often syndicated by multiple financial institutions. These investments can offer higher yields reflecting the higher risk of lending to corporate entities.

• Foreign Debt Securities:

  Bonds or other forms of debt issued by foreign governments or corporations. This adds an international component to the fund, offering exposure to foreign economies, currencies, and interest rate environments.