ALPS | Smith Core Plus Bond ETF
ALPS ETF TRUST · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
ALPS | Smith Core Plus Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks above average total return from a combination of current income and capital appreciation.
The fund invests at least 80% of assets in bonds selected by its sub-adviser, Smith Capital Investors, LLC, which evaluates securities individually for yield, credit quality, liquidity, duration, and capital appreciation potential using a bottom-up approach, while maintaining a weighted average effective duration within 40% of the Bloomberg U.S. Aggregate Bond Index. The fund targets outperformance of that index net of fees, with income as the dominant return component and high-yield bonds capped at less than 20% of assets. Because security selection depends on the sub-adviser's assessments of individual bonds rather than index replication, fund returns may diverge from the benchmark.
| Share class | Expense ratio |
|---|---|
| SMTH | 0.59% |
Portfolio turnover 147.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 85.92% |
| Securitized | 11.69% |
| Loans | 0.86% |
| Cash & short-term | 0.43% |
| Stocks | 0.10% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Government | 38.6% |
| Other | 13.1% |
| Financials | 13.0% |
| Securitized | 11.8% |
| 12 smaller | 23.5% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Us Treasury N/b ×6, Amazon.com Inc, Eli Lilly & Co
Largest exited: Us Treasury N/b ×4, Tsy Infl Ix N/b, Solventum Corp, Morgan Stanley, Softbank Corp
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 85.4% |
| Floating rate | 14.5% |
| Zero-coupon or unclassified | 0.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.5% |
| 1-3y | 15.0% |
| 3-5y | 17.8% |
| 5-10y | 27.4% |
| 10y+ | 39.3% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 65% |
| Credit spreads | 35% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.07 yr |
| High yield | +0.29 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.41 yr | 7% |
| 5 yr | 1.23 yr | 20% |
| 10 yr | 2.31 yr | 38% |
| 30 yr | 2.20 yr | 36% |
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.18 yr | 6% |
| 5 yr | 1.04 yr | 31% |
| 10 yr | 1.61 yr | 48% |
| 30 yr | 0.51 yr | 15% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.01 | +0.00 | $3.7k | $683 |
| 1 yr | +0.41 | +0.13 | +0.06 | $34.8k | $16.1k |
| 5 yr | +1.23 | +0.86 | +0.18 | $235.3k | $50.6k |
| 10 yr | +2.31 | +1.58 | +0.03 | $435.6k | $7.6k |
| 30 yr | +2.20 | +0.49 | +0.02 | $134.3k | $5.2k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Us Treasury N/b3.38% · due 2028-02-29 | 5.53% | $151.94M | — |
| — | Us Treasury N/b4.13% · due 2029-10-31 | 4.31% | $118.42M | — |
| — | Us Treasury N/b4.63% · due 2045-11-15 | 3.92% | $107.68M | — |
| — | Us Treasury N/b4.63% · due 2055-11-15 | 3.52% | $96.70M | — |
| — | Us Treasury N/b4.75% · due 2055-08-15 | 3.03% | $83.38M | — |
| — | Us Treasury N/b4.25% · due 2030-01-31 | 2.90% | $79.59M | — |
| — | Us Treasury N/b4.88% · due 2045-08-15 | 2.52% | $69.37M | — |
| — | Us Treasury N/b3.63% · due 2027-08-31 | 1.89% | $51.82M | — |
| — | Us Treasury N/b4.38% · due 2036-05-15 | 1.68% | $46.10M | — |
| — | Us Treasury N/b4.75% · due 2056-02-15 | 1.60% | $43.94M | — |
Top 10 positions are 30.88% of net assets, top 25 41.95%, across 178 issuers.
See more of this fund's book
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