ALPS Active Equity Opportunity ETF
$76.93−0.37 (−0.47%)
- Expense ratio
- 0.48%
- Fund size
- $33M
- 1Y return
- +21.2%
- Yield · Last 12 months
- 0.62%
- Volume · 30D
- 0M sh
- NAV per share
- $77.25
- 52W range
The ETF.net RFFC Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 70Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 51Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 57Category rank
Our read on RFFC
BMost active equity funds ask you to trust a stock picker. RFFC leans on one hard number instead: return on invested capital, applied to an S&P Composite 1500 opportunity set, at a fee below most of its active peers.
RFFC is designed to pursue capital appreciation.
Why people hold it
- Stock picking with a stated rule behind it: holdings are selected on return on invested capital, a profitability measure rather than a narrative.alpsfunds.com
- 0.48% a year sits below the typical fee in its active global equity peer group, unusual for a fundamentals-first, hand-picked portfolio.
- Live since 2016, so the approach has traded through real market cycles instead of arriving with a theme.
- Measured against the S&P Composite 1500, a benchmark that reaches past mega caps into mid and small companies. Pays quarterly.
Worth knowing
- A small fund that trades thinly. Spreads can run wider than in giant index products, and sizable orders can move the price.
- Active by design: the manager's ROIC calls drive the outcome, and the portfolio can diverge from its S&P Composite 1500 benchmark for long stretches.
- Cheaper shelf-mates exist in the same peer group, with GSWO at 0.15% and AVGE at 0.25% running rules-based rather than hand-picked.
RFFC Holdings
- Stocks
- —
- 43%
- MSFT
Sectors
- Technology33.1%
- Health Care13.1%
- Financials12.4%
- Industrials11.8%
- Consumer Discr.7.7%
- Communication7.6%
- Energy5.2%
- Cons. Staples2.4%
- Materials2.3%
- Real Estate2.1%
- Utilities2.1%
Geography
- United States89.43%
- Taiwan5.41%
- United Kingdom1.05%
- Bermuda1.04%
- France1.00%
- Switzerland0.82%
- Ireland0.70%
- Canada0.56%
RFFC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RFFC |
|---|---|
| Year to date | +15.9% |
| 1 month | +1.0% |
| 3 months | +4.4% |
| 1 year | +21.2% |
| 3 years | +22.9% |
| 5 years | +12.7% |
| 10 years | +12.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RFFC |
|---|---|---|
| 2026 YTD | +15.9% | |
| 2025 | +16.8% | |
| 2024 | +23.5% | |
| 2023 | +19.5% | |
| 2022 | −14.6% | |
| 2021 | +22.3% | |
| 2020 | +12.0% |
RFFC in the news
ETF.net Research hasn’t filed on RFFC yet — coverage lands here as it’s written.
RFFC Dividends
- 0.62%
- $0.48
- $0.13 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 22, 2026 | $0.13 |
| Jun 18, 2026 | Jun 24, 2026 | $0.13 |
| Mar 19, 2026 | Mar 24, 2026 | $0.11 |
| Dec 18, 2025 | Dec 23, 2025 | $0.12 |
| Sep 18, 2025 | Sep 23, 2025 | $0.12 |
| Jun 20, 2025 | Jun 25, 2025 | $0.19 |
| Mar 20, 2025 | Mar 25, 2025 | $0.10 |
| Dec 19, 2024 | Dec 26, 2024 | $0.12 |
| Sep 19, 2024 | Sep 24, 2024 | $0.14 |
| Jun 20, 2024 | Jun 25, 2024 | $0.17 |
| Mar 21, 2024 | Mar 26, 2024 | $0.18 |
| Dec 19, 2023 | Dec 22, 2023 | $0.03 |
RFFC Risk
- 12.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −22.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.92
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RFFC Cost
- The middle half of Global Active Equity funds
- Median 0.69%
14 of the 44 Global Active Equity funds charge less.