ALPS Smith Core Plus Bond ETF (SMTH)
ARCA ARCA Primary Summary
SMTH Chart
This Is the Broad Bond ETF to Consider Now
Communication from the Federal Reserve remains limited and long-dated Treasury yields remain too high for comfort. Indeed, bond investors are living in interesting times.
A Quieter Fed Makes This Bond ETF Appealing
Fixed income investors are dealing with more bumps on Bond Road this year than they bargained for. Treasury yields remain elevated, and prevailing market wisdom continues to hold that persistent inflation will keep the Federal Reserve from lowering interest rates.
Q1 Highlights Appeal of Active Bond ETFs
The first quarter was a trying period for fixed income investors. Some passive bond strategies disappointed market participants at the very time the asset class should have delivered on the promise of protection.
ALPS Smith Core Plus Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 23,260 | $598,720 | $591,850.7 | -$6,869.3 | -1.15% |
 Jonathan J. Marshall Spectrum Investment Advisors Inc. | 246,241 | $6.31M | $6.23M | -$73,533.14 | -1.17% |
 Daren Blonski Fermata Advisors LLC | 80,196 | $2.06M | $2.03M | -$30,268.59 | -1.47% |
| ED Eric Duncan NorthCrest Asset Manangement LLC | 530,146 | $13.75M | $13.41M | -$347,908.47 | -2.53% |
 April Lamb Sovereign Investment Advisors LLC | 373,742 | $9.65M | $9.49M | -$158,581.47 | -1.64% |
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ALPS Smith Core Plus Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is designed to achieve its investment objective by primarily allocating its net assets, along with any borrowings for investment purposes, into a diversified portfolio of bonds. These bonds span a variety of types and origins, including government-issued notes and bonds, corporate bonds, convertible bonds, and both commercial and residential mortgage-backed securities, as well as zero-coupon bonds. A significant characteristic of this fund is its commitment to invest at least 80% of its net assets in bonds, underlining its focused investment strategy in fixed-income securities.
Products and Services
The fund's investment portfolio comprises several types of bonds and debt instruments, detailed as follows:
- Government Notes and Bonds: Investments in government-issued securities, which may include both short-term notes and longer-term bonds, offering a mix of security and returns dependent on government stability and fiscal policy.
- Corporate Bonds: Debt securities issued by companies. These bonds typically offer higher yields than government bonds in exchange for higher risk, reflecting the issuing corporation's creditworthiness.
- Convertible Bonds: A type of corporate bond that can be converted into a predetermined number of the company's shares under certain conditions, potentially offering an upside beyond regular bond interest payments.
- Mortgage-Backed Securities: Investments in pools of residential or commercial mortgages. These securities provide regular payments derived from the mortgage payments made by homeowners or commercial properties, respectively.
- Zero-Coupon Bonds: Bonds that are sold at a discount and do not pay annual interest, but rather are redeemed at their face value at maturity. This allows investors to lock in a return determined by the difference between the purchase price and the redemption value.
- Asset-Backed Securities: Similar to mortgage-backed securities, these are bonds backed by financial assets such as loans, leases, credit card debt, a company's receivables, or other securities not directly linked to real estate.
- Money Market Instruments: Short-term debt securities, such as Treasury bills and commercial paper, that offer investors liquidity and a relatively safe return.
- Commercial Loans and Foreign Debt Securities: This includes loans given to businesses and debt securities issued by foreign governments or corporations. Investments in these instruments can offer higher yields but come with increased risk, including exposure to foreign economic and political challenges.
- Emerging Market Investments: The fund may also allocate a portion of its assets to debt securities issued by emerging market countries. These investments often offer high potential returns but carry a higher level of risk due to possible political instability, currency volatility, and lower market liquidity.
