ALPS Dynamic Core Income ETF

Frequently Asked Questions About RFCI

What does RFCI invest in?

RFCI offers considerable flexibility in its investment approach and the types of securities it can hold, although it operates within more defined boundaries than fully unconstrained funds. This actively managed fund leverages quantitative analysis and current market conditions to select fixed income securities. Its potential holdings span a wide range, including government debt from the U.S. and other nations, high-yield bonds, emerging market debt, mortgage-backed securities (MBS), asset-backed securities (ABS), convertible bonds, preferred shares, and municipal bonds. Specific allocation limits are in place: a maximum of 20% can be invested in MBS, commercial mortgage-backed (CMBS), or ABS instruments, while high-yield bonds are capped at 15%. Furthermore, investments in both emerging market debt and non-U.S. dollar denominated bonds are each limited to 10% of the portfolio. The fund explicitly states it does not target specific average maturity, credit ratings, or duration metrics. Consequently, due to its active management and less transparent methodologies, an investment decision in RFCI heavily relies on an investor's confidence in the fund's management team.

What is the expense ratio of RFCI?

ALPS Dynamic Core Income ETF (RFCI) charges an expense ratio of 0.51%. This is the annual fee deducted from fund assets to cover management and operations.

What is RFCI's dividend yield?

RFCI's trailing-twelve-month yield is 4.64%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of RFCI?

Effective duration measures RFCI's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. RFCI's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of RFCI?

RFCI's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of RFCI?

Yield to maturity (YTM) is the total return you'd earn from RFCI if every bond in the portfolio is held to maturity at the current price. RFCI's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.