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Morningstar

ALPS/Smith Credit Opportunities I SMCRX

Morningstar Medalist Rating
Medalist Rating as of | See ALPS Investment Hub
  • NAV / 1-Day Return 9.14  /  +0.22 %
  • Total Assets 226.5 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 5.69%
  • Effective Duration 4.50 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:04 AM GMT+0

Morningstar’s Analysis SMCRX

Will SMCRX 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 SMCRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SMCRX 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 SMCRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in ALPS/ Smith Credit Opportunities I's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SMCRX

More SMCRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 15.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4.25%

3.30 7.5 Mil
Government

United States Treasury Bonds 4.75%

1.74 4.0 Mil
Government

Midwest Connector Capital Company LLC 3.9%

1.61 3.7 Mil
Cash and Equivalents

Wells Fargo & Co. 5.9%

1.53 3.5 Mil
Corporate

UBS Group AG 6.54%

1.49 3.4 Mil
Corporate

Tibco Software Inc 6.5%

1.42 3.2 Mil
Corporate

Danske Bank A/S 1.62%

1.41 3.2 Mil
Corporate

Cushman & Wakefield U S Borrower LLC 6.75%

1.29 2.9 Mil
Corporate

Gray Escrow II Inc. 5.38%

1.21 2.8 Mil
Corporate

Kennedy Wilson Inc 4.75%

1.17 2.7 Mil
Corporate