ALPS Balanced Opportunity Fund
Data updated: 2026-09-25
C000221739 — ALPS Balanced Opportunity Fund. United States Large Cap Value Equity · $12.77M AUM. Holdings, fees, performance and SEC filings.
C000221739 Fund Overview
ALPS Balanced Opportunity Fund is a US mutual fund managed by Financial Investors Trust, categorised as United States Large Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Financial Investors Trust
- Category: United States Large Cap Value Equity
- Assets under management: $12.77M
- 1-year return: 8.9%
- SEC CIK: 0000915802
- SEC series ID: S000069460
- Share class ID: C000221739
C000221739 Investment Objective and Strategy
ALPS Balanced Opportunity Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Financial Investors Trust.
Investment objective
The Fund seeks long-term capital growth, consistent with preservation of capital and balanced by current income.
Principal investment strategy
The Fund pursues its investment objective by normally investing 60% of its assets in equity securities (the Equity Sleeve) and, on a look-through basis, 40% of its assets in fixed- income securities and cash equivalents (the Fixed Income Sleeve). The Funds investment adviser may make adjustments to the exact percentages from time to time. Equity securities in which the Fund may principally invest consist of common stocks and preferred stocks. The primary decision factor in building the Equity Sleeve of the investment portfolio is the combination of dividend-paying stocks and stocks determined to have high or improving return on invested capital (ROIC). For this purpose, the Adviser reviews the profitability, as measured by ROIC, of potential equity investments and selects those investments: (i) with ROIC that is above the companys cost of capital and above the industry average, or (ii) that are seeing ROIC improve relative to such companys own history.
Industry average is defined as a companys Global Industry Classification Standard (GICS) industry mean. The Fund may invest in companies that have market capitalizations of any size. Up to 25% of the equity portion of the investment portfolio (calculated based on the total market value of the Funds Equity Sleeve) may be in stocks outside of the US. With respect to foreign securities, the Adviser considers a company to be economically tied to a country if at least one of the following attributes exists: the company (1) is organized in such country, (2) is headquartered in such country, (3) has its primary stock exchange listing in a market located in such country, or (4) during the companys most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in such country or has at least 50% of its assets in such country.
For the Fixed Income Sleeve, the Fund intends to invest in the securities of affiliated exchange traded funds, primarily consisting of ETFs advised by the Adviser (each, an Underlying ETF). The Adviser intends for the Fixed Income Sleeve to gain fixed income exposure through investments in Underlying ETFs, primarily the ALPS | Smith Core Plus Bond ETF (SMTH), although the Fixed Income Sleeve may gain fixed income exposure by investing in other unaffiliated and affiliated ETFs. Individual shares of affiliated and unaffiliated ETFs may only be purchased and sold in secondary market transactions through a broker or dealer at a market price. Shares of SMTH are listed for trading on the NYSE Arca. An Underlying ETFs fixed-income investments will principally consist of corporate debt securities, U.S.
Government obligations, agency mortgage-backed securities, asset-backed securities, to be announced or TBA commitments, and bank loans. An Underlying ETF may invest in instruments of any maturity or duration and of any credit quality (including non-investment grade bonds, also known as junk bonds). An Underlying ETFs investment in agency mortgage-backed securities and asset-backed securities represent pools of commercial or residential mortgages or other assets, including consumer loans or receivables. On a look-through basis, the Fund may invest up to 35% of the Fixed Income Sleeve of the Funds portfolio in high-yield/high-risk bonds, also known as junk bonds. In addition to considering economic factors such as the effect of interest rates on the Funds investments, the portfolio managers typically apply a bottom up approach in choosing investments.
Due to the nature of the securities in which the Fund invests, the Fund may have relatively high portfolio turnover compared to other funds. The portfolio managers use a disciplined sell strategy for the Fund. The portfolio managers may sell securities because of a deterioration of the underlying companys financials, such as earnings or cash flow, or because of an increase in the price of a security that would make it expensive relative to the other securities held by the Fund. Other reasons may include a change in management or control of the company, a need to raise cash or changes in the regulatory or economic environment in which the company operates. Portfolio managers can also sell any security at their discretion based on changes in expected valuation, volatility or other statistical or fundamental parameters.
C000221739 Holdings
Top 10 holdings of ALPS Balanced Opportunity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Alps Smith Core Plus Bond Etf | 25.97% |
| State Street Institutional Treasury Plus Money Market Fund | 4.31% |
| Alphabet Inc | 4.02% |
| Johnson & Johnson | 3.84% |
| Amazon.com Inc | 3.28% |
| Microsoft Corp | 3.16% |
| Apple Inc | 2.74% |
| Amphenol Corp | 2.68% |
| Rtx Corp | 2.58% |
| Taiwan Semiconductor Manufacturing Co Ltd | 2.50% |
C000221739 Portfolio Allocation
Asset-class allocation of ALPS Balanced Opportunity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.8% |
| Cash & Equivalents | 4.3% |
C000221739 Performance
Total returns for C000221739 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.5% |
| 1 year | 8.9% |
| 3 years (annualised) | 1.3% |
| 5 years (annualised) | -5.3% |
C000221739 Risk Information
Risk metrics for C000221739, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
C000221739 Costs and Fees
C000221739 costs about $185 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.85%
- Gross expense ratio: 3.24%
- Portfolio turnover: 44%
- Brokerage commissions: 1.19 bps of average net assets (SEC N-CEN)
C000221739 Cashflows
Over the 12 months to 2026-04, ALPS Balanced Opportunity Fund had net outflows of $407.70K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$950.95K |
| 2026-03 | $377.50K |
| 2026-02 | $9.16K |
| 2026-01 | −$102.20K |
| 2025-12 | $355.73K |
| 2025-11 | −$221.74K |
C000221739 Debt Constituents
No individual debt constituents are reported in ALPS Balanced Opportunity Fund's latest SEC N-PORT filing.
C000221739 Prospectus and SEC Filings
Official ALPS Balanced Opportunity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2024-10-04
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-22
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-13
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Large Cap Value 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.