WINDSOR, Conn. and DENVER, July 7,
2021 /PRNewswire/ -- SS&C Technologies Holdings,
Inc. (Nasdaq: SSNC) today announced that
the ALPS | Smith Total Return Bond Fund (SMTHX) and ALPS |
Short Duration Bond Fund (SMDSX) have reached their three-year
anniversaries.
Since launching three years ago, SMTHX and SMDSX have
collectively grown to over $2.2
billion in net assets, ranking in the top decile for
annualized returns since inception (6th and
10th percentile, respectively). For risk-adjusted
returns (Sharpe Ratio), SMTHX ranks in the 4th
percentile and SMDSX in the 3rd percentile.
Smith Capital Investors believes the strong performance was
aided by the Funds' active management approach and dynamic
portfolio positioning capability—defensive, neutral, or
opportunistic—which allowed allocation flexibility in response to
varied market conditions.*
"The SS&C ALPS | Smith Capital Investors partnership
has a strong track record, with outperformance and asset
growth in a complex fixed income environment," said Laton Spahr*,
Portfolio Manager and President of SS&C ALPS Advisors. "We are
committed to delivering funds that can improve investment
outcomes. Both of these funds offer actively-managed, dynamic
approaches aiming to provide strong risk-adjusted returns to
investors."
One of the founding principles of Smith Capital Investors is
providing positive client experiences through investment
performance and personal attention to client relationships and
dialogue. In response, the fee was lowered on the ALPS | Smith
Total Return Bond Fund by three bps, effective June 29, 2021. This reduction positions the
Fund's "I" share below the median for its category.
"We are incredibly proud of the results we've delivered in some
of the most challenging markets on record. That said, our focus on
investing excellence expands well beyond the competitive results
we've produced for our investors; it's about consistency," said
Gibson Smith*, Founder and Chief Investment Officer of Smith
Capital Investors. "Few find fixed income exciting or inspiring,
but for this team, it is our calling and our mission."
Fund Objectives
The ALPS | Smith Total Return Bond Fund: The Fund seeks to
obtain a total maximum return, consistent with the preservation of
capital. Standardized Performance >>
The ALPS | Smith Short Duration Bond Fund: The Fund seeks as
high a level of current income as is consistent with preservation
of capital. Standardized Performance >>
For more information, please visit www.alpsfunds.com.
*Performance data quoted represent past performance. Past
performance is no guarantee of future results so that shares, when
redeemed, may be worth more or less than their original cost. The
investment return and principal value will fluctuate. Current
performance may be higher or lower than the performance quoted. For
the most current month-end performance data please call
866.759.5679. Performance includes reinvested distributions and
capital gains
Important Disclosures and Definitions
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, which contains this and other information, call
1.866.759.5679 or visit www.alpsfunds.com. Please read the
prospectus carefully before investing.
An investment in the Funds involves risk, including loss of
principle.
Fixed Income Securities Risk. A rise in interest rates
typically causes bond prices to fall. The longer the duration of
the bonds held by a fund, the more sensitive it will likely be to
interest rate fluctuations. Duration measures the weighted average
term to maturity of a bond's expected cash flows. Duration also
represents the approximate percentage change that the price of a
bond would experience for a 1% change in yield. For example: the
price of a bond with a duration of 5 years would change
approximately 5% for a 1% change in yield. The price of a bond with
a duration of 10 years would be expected to decline by
approximately 10% if its yield was to rise by +1%. Bond yields tend
to fluctuate in response to changes in market levels of interest
rates. Generally, if interest rates rise, a bond's yield will also
rise in response; the duration of the bond will determine how much
the price of the bond will change in response to the change in
yield.
The Fund's investments in fixed-income securities and
positions in fixed-income derivatives may decline in value because
of changes in interest rates. As nominal interest rates rise, the
value of fixed-income securities and any long positions in
fixed-income derivatives held by the Fund are likely to decrease,
whereas the value of its short positions in fixed-income
derivatives is likely to increase.
Market Risk. Overall securities market risks may affect the
value of individual instruments in which the Fund invests. Factors
such as domestic and foreign economic growth and market conditions,
interest rate levels, and political events affect the securities
and derivatives markets. When the value of the Fund's investments
goes down, your investment in the Fund decreases in value and you
could lose money.
basis points (bps): A unit that is equal to 1/100th of
1% and is used to denote the change in a financial
instrument.
*Laton Spahr and Gibson Smith are Registered Representatives
of ALPS Distributors, Inc.
ALPS Portfolio Solutions Distributor, Inc. is the distributor
for the Funds.
ALPS Distributors, Inc., ALPS Advisors,
Inc. and ALPS Portfolio Solutions Distributor, Inc. are
affiliated.
About SS&C Technologies
SS&C is a global
provider of services and software for the financial services and
healthcare industries. Founded in 1986, SS&C is headquartered
in Windsor, Connecticut, and has
offices around the world. Some 18,000 financial services and
healthcare organizations, from the world's largest companies to
small and mid-market firms, rely on SS&C for expertise, scale,
and technology. Additional information about SS&C (Nasdaq:
SSNC) is available at www.ssctech.com.
About SS&C ALPS Advisors
SS&C ALPS Advisors,
Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is
a leading provider of investment products for advisors and
institutions. Headquartered in Denver,
CO with $18.5 billion under
management as of June 30, 2021, ALPS
Advisors is an open architecture boutique investment manager
offering portfolio building blocks, active insight, and an
unwavering drive to guide clients to investment outcomes across
sustainable income, thematic and alternative growth strategies. For
more information, visit www.alpsfunds.com.
About Smith Capital Investors
Smith Capital Investors
LLC, a Colorado-based investment
management firm, is focused on income investing with a keen eye on
risk-adjusted returns and preservation of capital. Smith Capital
Investors deploys an actively managed, fundamentally driven
investment process led by an experienced, investment-centric, and
proven team of investment professionals. For more information on
Smith Capital Investors, please
visit www.smithcapitalinvestors.com.
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SOURCE SS&C ALPS Advisors