SMCVX Performance — ALPS | Smith Credit Opportunities Fund, Investor Class
Data updated: 2026-09-25
SMCVX returned +1.17% year to date and +4.06% over one year to Jul 2026. Annualised returns are +6.01% over 3 years and +1.77% over 5 years. The fund beat its Intermediate Corporate Bond category average: $100 invested three years ago grew to $119, against $116 for the category, and to $104 over one year, against $103. Volatility over the past three years was 4.56% a year. In the 12 months to Jul 2026 the fund lost a net $63.3M, and assets reached $50.25M.
SMCVX Growth of $100
What $100 invested in ALPS | Smith Credit Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Corporate Bond category average over the same months.
| Period | SMCVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $116 |
| 5 years (Aug 2021 – Jul 2026) | $109 | $103 |
| Since data start (Oct 2020 – Jul 2026) | $118 | $108 |
SMCVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.17% |
| 1 year | +4.06% |
| 3 years (annualised) | +6.01% |
| 5 years (annualised) | +1.77% |
SMCVX Annual Returns
Calendar-year total returns of ALPS | Smith Credit Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.17% |
| 2025 | +5.99% |
| 2024 | +5.86% |
| 2023 | +8.27% |
| 2022 | −11.43% |
| 2021 | +3.01% |
| 2020 (Oct–Dec) | +5.42% |
SMCVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +0.9% | −1.2% | +1.1% | +0.6% | +0.3% | −0.7% | — | — | — | — | — |
| 2025 | +0.9% | +1.2% | −0.7% | −0.5% | +0.6% | +1.6% | 0.0% | +1.2% | +1.0% | +0.4% | +0.7% | −0.3% |
| 2024 | +1.1% | −0.5% | +1.2% | −1.4% | +1.3% | +0.7% | +1.9% | +1.1% | +1.2% | −0.9% | +0.9% | −0.9% |
| 2023 | +3.6% | −1.9% | −0.4% | +0.6% | −0.9% | +0.9% | +1.3% | −0.2% | −1.6% | −1.5% | +4.9% | +3.4% |
| 2022 | −2.5% | −1.4% | −1.4% | −3.5% | +0.1% | −5.1% | +4.2% | −1.6% | −3.6% | +1.6% | +1.8% | −0.3% |
| 2021 | 0.0% | −0.3% | −0.4% | +1.3% | +0.4% | +1.0% | +0.6% | +0.2% | −0.3% | −0.2% | −0.7% | +1.3% |
| 2020 | — | — | — | — | — | — | — | — | — | +0.4% | +3.3% | +1.7% |
SMCVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.56%
- 3-year Sharpe ratio: 0.33 (vs 4.5% risk-free rate)
- Best month: +4.94% (Nov 2023)
- Worst month: −1.59% (Sep 2023)
SMCVX Fund Flows
Monthly money in and out of ALPS | Smith Credit Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$63.3M
- 12-month gross sales (incl. reinvestments): $8.5M
- Sales ÷ redemptions: 0.12×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $414K | $690K | −$276K |
| Jun 2026 | $568K | $17.4M | −$16.8M |
| May 2026 | $559K | $403K | $156K |
| Apr 2026 | $453K | $2.1M | −$1.6M |
| Mar 2026 | $847K | $41.8M | −$41.0M |
| Feb 2026 | $669K | $726K | −$57K |
| Jan 2026 | $1.1M | $1.2M | −$68K |
| Dec 2025 | $606K | $1.4M | −$803K |
| Nov 2025 | $874K | $706K | $169K |
| Oct 2025 | $739K | $1.4M | −$658K |
| Sep 2025 | $789K | $2.1M | −$1.3M |
| Aug 2025 | $852K | $1.9M | −$1.0M |
SMCVX Assets Under Management
Net assets of ALPS | Smith Credit Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $50.25M |
| 2026-04-30 | $67.75M |
| 2026-01-31 | $111.52M |
| 2025-10-31 | $112.99M |
| 2025-07-31 | $114.65M |
| 2025-04-30 | $146.55M |
| 2025-01-31 | $168.95M |
| 2024-10-31 | $210.52M |
| 2024-07-31 | $229.26M |
| 2024-04-30 | $219.64M |
| 2024-01-31 | $246.26M |
| 2023-10-31 | $215.61M |
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.