ALPS | Red Rocks Listed Private Equity Portfolio
Data updated: 2026-08-24
C000146220 — ALPS | Red Rocks Listed Private Equity Portfolio. Holdings, fees, performance and SEC filings.
C000146220 Fund Overview
ALPS | Red Rocks Listed Private Equity Portfolio is a US mutual fund managed by ALPS Variable Investment Trust, categorised as Global (incl. US) Mid Cap Blend / Core Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: ALPS Variable Investment Trust
- Category: Global (incl. US) Mid Cap Blend / Core Financials Equity
- Assets under management: $18.02M
- 1-year return: -11.9%
- SEC CIK: 0001382990
- SEC series ID: S000046802
- Share class ID: C000146220
C000146220 Investment Objective and Strategy
ALPS | Red Rocks Listed Private Equity Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by ALPS Variable Investment Trust.
Investment objective
The investment objective of the Portfolio is to seek to maximize total return, which consists of appreciation on its investments and a variable income stream.
Principal investment strategy
"To achieve its objective, the Portfolio will invest at least 80% of its net assets in securities of U.S. and non-U.S. companies, including those in emerging markets, listed on a national securities exchange, or foreign equivalent, that have a majority of their assets invested in or exposed to private companies or have as their stated intention to have a majority of their assets invested in or exposed to private companies (""Listed Private Equity Companies""). Although the Portfolio does not invest directly in private companies, it will be managed with a similar approach: identifying and investing in long-term, high-quality Listed Private Equity Companies. Listed Private Equity Companies may include, among others, business development companies, investment holding companies, publicly traded limited partnership interests (common units), publicly traded venture capital funds, publicly traded venture capital trusts, publicly traded private equity funds, publicly traded private equity investment trusts, publicly traded closed-end funds, publicly traded financial institutions that lend to or invest in privately held companies and any other publicly traded vehicle whose purpose is to invest in privately held companies.
The determination of whether a company is a Listed Private Equity Company will be made at the time of purchase and a portfolio company's status will not vary solely as a result of fluctuations in the value of its assets or as a result of the progression of its holdings through the normal stages of a private equity company, including the exit stage. A portfolio company is considered to have a stated intention of investing primarily in private companies if it meets the criteria above under normal circumstances, notwithstanding temporary fluctuations in the public/private values of its private equity portfolio. The inclusion of a company in a recognized Listed Private Equity index will be considered a primary factor in the determination of whether a company is a Listed Private Equity Company.
Red Rocks Capital LLC (the ""Sub-Adviser"") selects investments from the Listed Private Equity Company universe pursuant to a proprietary selection methodology using quantitative and qualitative historical results and commonly used financial measurements such as: price-to-book, price-to-sales, price-to-earnings, return on equity and balance sheet analysis. In addition, the Sub-Adviser observes the depth and breadth of company management, including management turnover. Lastly, the Sub-Adviser looks to allocate the portfolio directly and indirectly amongst industry sectors, geographic locations, stage of investment and the year in which the private equity firm or fund makes a commitment or an investment in a fund, asset or business (""vintage year""). The Portfolio's policy to invest, at least 80% of its net assets in Listed Private Equity Companies, under normal market conditions, may not be changed without written notification to shareholders at least sixty (60) days prior to any change in such policy."
C000146220 Holdings
Top 10 holdings of ALPS | Red Rocks Listed Private Equity Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| 3i Group Plc | 4.38% |
| Berkshire Hathaway Inc | 4.34% |
| Kkr & Co Inc | 4.32% |
| Brederode Sa | 4.05% |
| Ares Management Corp | 3.92% |
| Blackstone Inc | 3.90% |
| Hgcapital Trust Plc/fund | 3.89% |
| Apollo Global Management Inc | 3.83% |
| Partners Group Holding Ag | 3.32% |
| Investor Ab | 2.50% |
C000146220 Portfolio Allocation
Asset-class allocation of ALPS | Red Rocks Listed Private Equity Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.4% |
| Cash & Equivalents | 2.4% |
C000146220 Performance
Total returns for C000146220 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -10.4% |
| 1 year | -11.9% |
| 3 years (annualised) | 7.5% |
| 5 years (annualised) | 1.7% |
C000146220 Risk Information
Risk metrics for C000146220, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 14.8%
C000146220 Costs and Fees
C000146220 costs about $141 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.41%
- Gross expense ratio: 1.76%
- Portfolio turnover: 30%
- Brokerage commissions: 2.54 bps of average net assets (SEC N-CEN)
C000146220 Cashflows
Over the 12 months to 2026-06, ALPS | Red Rocks Listed Private Equity Portfolio had net outflows of $1.21M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$46.14K |
| 2026-05 | −$109.28K |
| 2026-04 | −$216.85K |
| 2026-03 | $108.34K |
| 2026-02 | −$152.76K |
| 2026-01 | −$125.07K |
C000146220 Debt Constituents
No individual debt constituents are reported in ALPS | Red Rocks Listed Private Equity Portfolio's latest SEC N-PORT filing.
C000146220 Prospectus and SEC Filings
Official ALPS | Red Rocks Listed Private Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-31
- Prospectus (485BPOS) — filed 2025-03-31
- Prospectus (485BPOS) — filed 2024-03-28
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-23
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-12
Related Funds
Other Global (incl. US) Mid Cap Blend / Core Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.