Trending...
- Colorado: Governor Polis: Congressional Republicans Causing Devastating, Negative Impact From Passing One Big Budget-Busting Bureaucracy-Building Act
- Colorado: Hickenlooper, Polis, DeGette, Neguse, Crow, Pettersen Denounce Republicans' Reckless Budget Bill, Pressure House Members to Vote Against It
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
DENVER, Sept. 13, 2021 /PRNewswire/ -- ALPS Advisors, Inc., acquired by SS&C, providing products and services to the financial services industry, today announced The Fund - RiverFront Dynamic Unconstrained Income ETF (NYSE ARCA: RFUN) -- will close to new investors on October 20, 2021 and liquidate on October 22, 2021.
The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Fund's inability to attract significant market interest since the Fund's inception, its future viability as well as prospects for growth of the Fund's assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund's shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Thursday, October 21, 2021.
The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund's cash holdings notwithstanding the Fund's investment objective and strategies. From September 14, 2021 to October 21, 2021, shareholders may be able to sell their shares of the Fund, but there can be no assurance that there will be a market for the Fund's shares.
Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.
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.
More on Colorado Desk
About SS&C | ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $18.5 billion in assets under management as of June 30, 2021, the firm provides access to asset classes and boutique asset managers in real assets, alternatives, thematic/factor and fixed income through both ETF and open-end mutual fund structures. For more information, visit www.alpsfunds.com.
About RiverFront Investment Group
RiverFront Investment Group is a global asset manager focused on Process over Prediction — a dynamic investment approach driven by a systematic, repeatable methodology. The firm provides flexible, risk-managed solutions for a range of investment objectives and risk tolerances. RiverFront is affiliated with Robert W. Baird & Co. Incorporated ("Baird"), member FINRA/SIPC, from its minority ownership interest in RiverFront. RiverFront is owned primarily by its employees through RiverFront Investment Holding Group, LLC, the holding company for RiverFront. Baird Financial Corporation (BFC) is a minority owner of RiverFront Investment Holding Group, LLC and therefore an indirect owner of RiverFront. BFC is the parent company of Robert W. Baird & Co. Incorporated, a registered broker/dealer and investment adviser. Learn more at riverfrontig.com.
Important Disclosures
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contain this and other information visit www.alpsfunds.com. Read the prospectus carefully before investing.
RiverFront Dynamic Unconstrained Income ETF shares are not individually redeemable. Investors buy and sell shares of the RiverFront Dynamic Unconstrained Income ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.
More on Colorado Desk
The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub-Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or fixed income markets generally from time to time or for extended periods of time. The performance of the Fund is related to the market sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular market sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain bonds selected for the Fund's portfolio may decline in value more than the overall bond markets.
The value of the Fund's investments in fixed-income securities will generally decrease when interest rates rise, which means the Fund's NAV will likewise decrease.
The RiverFront Dynamic Unconstrained Income ETF is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.
RiverFront's Price Matters® discipline compares inflation-adjusted current prices relative to their long-term trend to help identify extremes in valuation.
ALPS Portfolio Solutions Distributor, Inc., a FINRA member, is the distributor for the Fund. ALPS Advisors, Inc. is the investment adviser to the Fund and RiverFront Investment Group, LLC is the investment sub-adviser. ALPS is not affiliated with RiverFront Investment Group, LLC.
The RiverFront Dynamic Unconstrained Income ETF is: Not FDIC Insured - No Bank Guarantee - May Lose Value.
SOURCE SS&C / ALPS Advisors
Related Links
https://www.alpsfunds.com/news
The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Fund's inability to attract significant market interest since the Fund's inception, its future viability as well as prospects for growth of the Fund's assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund's shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Thursday, October 21, 2021.
The Fund will immediately begin the process of closing down and liquidating its portfolio, which will increase the Fund's cash holdings notwithstanding the Fund's investment objective and strategies. From September 14, 2021 to October 21, 2021, shareholders may be able to sell their shares of the Fund, but there can be no assurance that there will be a market for the Fund's shares.
Any person holding shares in the Fund as of the liquidation date will receive a cash distribution equal to the net asset value of their shares. Shareholders receiving this cash distribution will not incur transaction fees in connection with this distribution or the liquidation of their shares in the Fund. A portion of the distribution may represent an ordinary income dividend or a capital gain distribution.
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.
More on Colorado Desk
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Don't Let Roaches Take Over: Why Cockroaches Are Thriving in Denver Homes
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
About SS&C | ALPS Advisors
ALPS Advisors, Inc., a wholly-owned subsidiary of SS&C Technologies, Inc., is a leading provider of investment products for advisors and institutions. With over $18.5 billion in assets under management as of June 30, 2021, the firm provides access to asset classes and boutique asset managers in real assets, alternatives, thematic/factor and fixed income through both ETF and open-end mutual fund structures. For more information, visit www.alpsfunds.com.
About RiverFront Investment Group
RiverFront Investment Group is a global asset manager focused on Process over Prediction — a dynamic investment approach driven by a systematic, repeatable methodology. The firm provides flexible, risk-managed solutions for a range of investment objectives and risk tolerances. RiverFront is affiliated with Robert W. Baird & Co. Incorporated ("Baird"), member FINRA/SIPC, from its minority ownership interest in RiverFront. RiverFront is owned primarily by its employees through RiverFront Investment Holding Group, LLC, the holding company for RiverFront. Baird Financial Corporation (BFC) is a minority owner of RiverFront Investment Holding Group, LLC and therefore an indirect owner of RiverFront. BFC is the parent company of Robert W. Baird & Co. Incorporated, a registered broker/dealer and investment adviser. Learn more at riverfrontig.com.
Important Disclosures
An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus which contain this and other information visit www.alpsfunds.com. Read the prospectus carefully before investing.
RiverFront Dynamic Unconstrained Income ETF shares are not individually redeemable. Investors buy and sell shares of the RiverFront Dynamic Unconstrained Income ETF on a secondary market. Only market makers or "authorized participants" may trade directly with the Fund, typically in blocks of 50,000 shares.
More on Colorado Desk
- City Council invites community engagement: Volunteer for Colorado Springs Boards, Commissions, and Committees
- Colorado Springs: Summer Sunrise Openings on Pikes Peak – America's Mountain
- Colorado Springs: Phil Long Dealerships donates $10,000 to City's Keep It Clean COS initiative
- Transformance Advisors Proudly Announces 128 Newly Certified Lean Practitioners
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
The performance of the Fund relative to its benchmark will depend largely on the decisions of the RiverFront Investment Group, LLC (the "Sub-Adviser" or "RiverFront") as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, RiverFront's judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or fixed income markets generally from time to time or for extended periods of time. The performance of the Fund is related to the market sectors that RiverFront may choose to emphasize or deemphasize from time to time, as well as to the individual securities selected by RiverFront within those sectors. The investment returns for particular market sectors will fluctuate and may be lower than other sectors. In addition, the individual securities chosen for investment within a particular sector may underperform other securities within that same sector. Certain bonds selected for the Fund's portfolio may decline in value more than the overall bond markets.
The value of the Fund's investments in fixed-income securities will generally decrease when interest rates rise, which means the Fund's NAV will likewise decrease.
The RiverFront Dynamic Unconstrained Income ETF is not suitable for all investors. Subject to investment risks, including possible loss of the principal amount invested.
RiverFront's Price Matters® discipline compares inflation-adjusted current prices relative to their long-term trend to help identify extremes in valuation.
ALPS Portfolio Solutions Distributor, Inc., a FINRA member, is the distributor for the Fund. ALPS Advisors, Inc. is the investment adviser to the Fund and RiverFront Investment Group, LLC is the investment sub-adviser. ALPS is not affiliated with RiverFront Investment Group, LLC.
The RiverFront Dynamic Unconstrained Income ETF is: Not FDIC Insured - No Bank Guarantee - May Lose Value.
SOURCE SS&C / ALPS Advisors
Related Links
https://www.alpsfunds.com/news
Filed Under: Business
0 Comments
Latest on Colorado Desk
- Metamora Film Festival 2026 Announces Campus Edition at Pueblo Community College
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- May 2025: Colorado Springs Airport Monthly Traffic Report
- Colorado: Governor Polis Continues Fighting to Break Down Barriers to New Housing Coloradans Can Afford
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses
- Beyond Paint: Discover Denver's Secret to Effortless Home Transformation and Lasting Value with Expert Craftsmanship
- Top Rated Painting Services In Sunnyside Denver CO
- Local Interior House Painter in Denver, CO
- SacraPod Suites Unveils AI-Powered 'Work + Rest' Smart Hospitality Model for Retrofitting Underused Motels Across the U.S
- Top Rated Painting Services In Berkeley Lake Park Denver, CO
- From Real Estate to Reel Power: H.L Woods Carves His Legacy as a Cutting-Edge Visionary Filmmaker
- New Release: 'The Invisible Alternative' Unveiled by Atrisk Corporation, Resilient
- Colorado: Governor Polis Appoints Eang M. Man to the Boulder County Court
- Governor Polis Appoints Coloradans to Colorado Parks and Wildlife Commission
- Colorado: Hickenlooper, Polis, DeGette, Neguse, Crow, Pettersen Denounce Republicans' Reckless Budget Bill, Pressure House Members to Vote Against It
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025