SMAMX Fees and Costs — ALPS | Smith Total Return Bond Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.89%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses, less a 0.11% fee waiver. This share class carries a maximum front-end sales load of 2.25%. Portfolio turnover was 131%.
SMAMX Fees and Expenses
Annual operating expenses and sales charges of SMAMX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.00% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 2.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
SMAMX Costs Over Time
On $10,000 invested in SMAMX, assuming 5% a year before costs, total costs come to $833 over 5 years, cutting the return by 1.41% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $225 | $225 | $225 |
| Fund expenses (net expense ratio 0.89%) | $91 | $285 | $495 |
| Lost growth on money paid in costs | $11 | $50 | $112 |
| Total costs | $328 | $560 | $833 |
| Value after costs | $10,172 | $11,016 | $11,930 |
| Impact on return, per year | 3.28% | 1.72% | 1.41% |
SMAMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $8.7B
- Portfolio turnover (prospectus): 131%
- Securities lending: none during the year
SMAMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIDEL SECURITIES LLC | $1.6B | 22.70% |
| Morgan Stanley | $734.4M | 10.53% |
| BARCLAYS CAPITAL INC. | $686.0M | 9.83% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $658.4M | 9.44% |
| CITICORP SECURITIES SERVICES, INC. | $632.7M | 9.07% |
| HSBC SECURITIES (USA) INC. | $576.2M | 8.26% |
| DEUTSCHE BANK SECURITIES INC. | $573.3M | 8.22% |
| MUFG Securities Americas Inc. | $528.7M | 7.58% |
| GOLDMAN SACHS & CO. LLC | $508.3M | 7.29% |
| WELLS FARGO SECURITIES, LLC | $493.8M | 7.08% |
ALPS | Smith Total Return Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMTHX | Class I | 0.59% | none |
| SMAMX | Class A | 0.89% | 2.25% |
| SMTRX | Investor Shares | 0.89% | none |
| SMCHX | Class C | 1.59% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.