RFFC: ALPS ACTIVE EQUITY OPPORTUNITY ETF
ALPS ACTIVE EQUITY OPPORTUNITY ETF (RFFC) Report
What this ETF is trying to do
The ALPS ACTIVE EQUITY OPPORTUNITY ETF (ticker: RFFC) is an exchange-traded fund designed to seek opportunities through active management. It holds a variety of different companies in its portfolio to reach its goals.
What the numbers show
The data shows that RFFC has experienced significant growth in its share price over different time periods.
• Year-to-Date (YTD): The price return is approximately 15.62%. When including distributions, the YTD total return is approximately 16.21%.
• One-Year: The one-year price return is approximately 20.08%. The one-year total return is approximately 20.90%.
• Three-Year: The three-year price return is approximately 80.16%. The three-year total return is approximately 85.23%.
To put this in perspective, the estimated price from roughly one year ago was $64.58. The current price is $77.55.
Income and distribution explanation
This ETF provides cash distributions to investors. The distribution yield is approximately 0.62%. Based on the data, these payments usually happen quarterly, and there were 4 payouts in the last 12 months. It is important to remember that a distribution yield tells you how much cash was paid out relative to the price, but it is not the same thing as your total return.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Top Holdings
The following are the top holdings in the portfolio (note that this list is partial):
• Microsoft Corp (5.72%)
• Apple Inc (5.50%)
• Nvidia Corp (5.45%)
• Taiwan Semiconductor Manufacturing Co Ltd ADR (5.31%)
• Alphabet Inc Class A (4.64%)
• Johnson & Johnson (3.95%)
• State Street Instl Trs Pls MMKT Premier (3.60%)
• Amazon.com Inc (3.53%)
• Snowflake Inc Ordinary Shares (2.57%)
• Meta Platforms Inc Class A (2.42%)
Pros
• The fund has shown strong positive price returns over the last year and three years.
• The erosion-risk score indicates no detected price erosion.
Cons
• The distribution yield is relatively low at approximately 0.62%.
Beginner takeaway
RFFC has shown strong growth in both its share price and its total return over the past year. While it pays a quarterly distribution, the primary driver of its recent performance has been the increase in share price. Always remember that past performance does not guarantee what will happen in the future.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 5.72% |
| 2 | APPLE INC | AAPL | 5.50% |
| 3 | NVIDIA CORP | NVDA | 5.45% |
| 4 | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR | TSM | 5.31% |
| 5 | ALPHABET INC CLASS A | GOOGL | 4.64% |
| 6 | JOHNSON & JOHNSON | JNJ | 3.95% |
| 7 | STATE STREET INSTL TRS PLS MMKT PREMIER | TPIXX | 3.60% |
| 8 | AMAZON.COM INC | AMZN | 3.53% |
| 9 | SNOWFLAKE INC ORDINARY SHARES | SNOW | 2.57% |
| 10 | META PLATFORMS INC CLASS A | META | 2.42% |