ALPS | Smith Core Plus Bond ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, ALPS | Smith Core Plus Bond ETF held 985 positions with $2.75B in net assets. Its ten largest holdings made up 30.9% of the fund. The SMTH share class costs 0.59% a year. Over the 12 months to May 2026, SMTH returned 5.2%, with dividends reinvested. In 2026 Q2 it added 106 new positions and exited 48.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Us Treasury N/b 3.38% · due 2028-02-29 | 5.53% | $151.94M | — |
Us Treasury N/b 4.13% · due 2029-10-31 | 4.31% | $118.42M | — |
Us Treasury N/b 4.63% · due 2045-11-15 | 3.92% | $107.68M | — |
Us Treasury N/b 4.63% · due 2055-11-15 | 3.52% | $96.70M | — |
Us Treasury N/b 4.75% · due 2055-08-15 | 3.03% | $83.38M | — |
Us Treasury N/b 4.25% · due 2030-01-31 | 2.90% | $79.59M | — |
Us Treasury N/b 4.88% · due 2045-08-15 | 2.52% | $69.37M | — |
Us Treasury N/b 3.63% · due 2027-08-31 | 1.89% | $51.82M | — |
Us Treasury N/b 4.38% · due 2036-05-15 | 1.68% | $46.10M | — |
Us Treasury N/b 4.75% · due 2056-02-15 | 1.60% | $43.94M | — |
The 200 largest of 985 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 85.92% |
| Securitized | 11.69% |
| Loans | 0.86% |
| Cash & short-term | 0.43% |
| Stocks | 0.10% |
By sector
- Government
- 38.6%
- Other
- 13.7%
- Financials
- 12.3%
- Securitized
- 11.8%
- 12 other sectors
- 23.5%
- Government
- 38.6%
- Other
- 13.7%
- Financials
- 12.3%
- Securitized
- 11.8%
- Industrials
- 6.4%
- International
- 3.2%
- Information Technology
- 2.7%
- Health Care
- 2.1%
- Consumer Discretionary
- 1.9%
- Communication Services
- 1.9%
- Utilities
- 1.7%
- Energy
- 1.4%
- Real Estate
- 0.7%
- Materials
- 0.6%
- Consumer Staples
- 0.6%
- Cash
- 0.4%
How it has done
SMTH share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.32%. Past returns are a record, not a forecast.
Fees & fund details
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
- Expense ratio, by class
- 0.59%· SMTH 0.59%
- Portfolio turnover
- 147.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
106 new· the largest 3
48 exited· the largest 5
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.
Understand how this fund fits with the rest.
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