ALPS/Red Rocks Global Opportunity’s thin team, coupled with a strategy that has boosted costs and volatility, warrant a downgrade its Morningstar Analyst Rating to Negative from Neutral across its share classes.
ALPS/Red Rocks Global Opportunity C LPFCX
NAV / 1-Day Return
7.08
/
0.84
%
Total Assets
100.4 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
2.950%
Expense Ratio
2.950%
Fee Level
High
Longest Manager Tenure
3.91
years
Category
World Small/Mid Stock
Investment Style
Mid GrowthMin. Initial Investment
2,500
Status
Open
TTM Yield
0.00%
Turnover
41%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LPFCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LPFCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LPFCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of LPFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Modest resources, added costs, and volatility hamper this fund’s prospects.
