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ETFs

RiverFront Dynamic Core Income

RFCI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 14 2016
Expense Ratio
0.53%
Type
US Bonds
Fund Owner
ALPS
Volume (1m avg. daily)
$37,093
AUM
$29,171,056
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
U.S. Treasury Bond 3.875 02/15/2043
10.81%
n/a
Cash and Equivalents
7.55%
n/a
U.S. Treasury Bond 4.00 11/15/2052
4.11%
US29AU
United States Of America - 6.125% BD REDEEM 15/08/2029 USD 1000
3.70%
GM/33
General Motors Financial Company Inc. - 6.40% NT REDEEM 09/01/2033 USD 2000
3.38%
IR33
Ingersoll-Rand Inc - 5.70% NT REDEEM 14/08/2033 USD 2000
3.36%
H30
Hyatt Hotels Corporation - 5.75% NT REDEEM 23/04/2030 USD 2000
3.35%
CNXC5620767
Concentrix Corp. 6.85 08/02/2033
3.21%
n/a
Bank of America Corp. 5Y US TI + 3.231 12/31/2049
2.41%
PNC5463651
PNC Financial Services Group Inc Depositary Shs Repr 1/100th Non-Cum Perp Pfd Shs Series V
2.34%
Invest with RFCI

What is RFCI?

The Fund s portfolio is constructed through a two-step process, with the first step setting the allocation among different fixed income asset classes and the second step determining security selection within those asset classes. The allocation across long-term, medium-term and short-term investment grade securities, long-term and short-term high yield securities and emerging market debt is determined by a quantitative methodology. The methodology models historical returns as a function of initial valuation conditions and creates estimates of potential returns and downside risks consistent with historical market behavior. These capital market assumptions are incorporated into a patent-pending Mean Reversion Optimization (MRO) process to produce the index weighting within each of the major fixed income asset classes. The objective of this optimization is to construct a combination of fixed income asset classes that are expected to have a high probability of generating a positive potential total return over a five-year investment horizon.

ETFs related toRFCI

ETFs correlated to RFCI include AVIG, IGIB, SCHI

RFCI
ALPS Advisors Inc - RiverFront Dynamic Core Income ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
IGIB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
SCHI
Schwab Strategic Trust - Schwab 5-10 Year Corporate Bond ETF
VCIT
Vanguard Group, Inc. - Vanguard Intermediate-Term Corporate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
QLTA
BlackRock Institutional Trust Company N.A. - iShares Aaa - A Rated Corporate Bond ETF
FBND
Fidelity Covington Trust - Fidelity Total Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toRFCI

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with RFCI using Composer

FAQ

RFCI is a US Bonds ETF. The Fund s portfolio is constructed through a two-step process, with the first step setting the allocation among different fixed income asset classes and the second step determining security selection within those asset classes. The allocation across long-term, medium-term and short-term investment grade securities, long-term and short-term high yield securities and emerging market debt is determined by a quantitative methodology. The methodology models historical returns as a function of initial valuation conditions and creates estimates of potential returns and downside risks consistent with historical market behavior. These capital market assumptions are incorporated into a patent-pending Mean Reversion Optimization (MRO) process to produce the index weighting within each of the major fixed income asset classes. The objective of this optimization is to construct a combination of fixed income asset classes that are expected to have a high probability of generating a positive potential total return over a five-year investment horizon.

Yes, RFCI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, RFCI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on RFCI is -0.0108%. This is the percent change in the value of RFCI over the most recent 1-month period. The 3-month return on RFCI is -0.0224%. This is the percent change in the value of RFCI over the most recent 3-month period.

The standard deviation of RFCI for the past year is 0.0628%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to RFCI include GSY, GVI, and BLV.

ETFs correlated to RFCI include AVIG, IGIB, and SCHI.

ETFs that are inversely correlated to RFCI include TBX, PST, and TTT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.