The ALPS Smith Core Plus Bond ETF, with the ticker symbol SMTH, is celebrating its one-year anniversary this December. This ETF aims to provide above-average total return through current income and capital appreciation by primarily investing in bonds. With $968 million in assets under management (AUM), SMTH charges 59 basis points in fees and offers a forward yield of approximately 4.3%, with all payouts coming from income.
In comparison to the iShares Core U.S. Aggregate Bond ETF, SMTH has higher fees but also offers a higher yield and active management. Despite its short history of less than a year, the performance of SMTH has been promising. This has led the journalist to deviate from their usual Hold rating for new ETFs and instead award SMTH a Buy rating.
The ALPS Smith Core Plus Bond ETF is part of ALPS Smith’s lineup of fixed income funds, with this being the newest of their three ETFs. Managed by ALPS Smith, this ETF provides investors with a diversified portfolio of bonds to potentially generate income and capital growth.
For income-focused investors looking to add diversity to their portfolio and hedge against inflation, the ALPS Smith Core Plus Bond ETF could be a valuable addition. With a focus on REITs, ETFs, Preferreds, and ‘Dividend Champions’ across various asset classes, this ETF offers opportunities for sustainable income and growth.
It’s important to note that past performance is not indicative of future results, and investors should conduct their own research or seek professional advice before making any investment decisions. As always, it’s crucial to understand the risks associated with investing in ETFs and other financial products.
In conclusion, the ALPS Smith Core Plus Bond ETF has shown promising performance in its first year of existence, attracting investors with its potential for income and capital appreciation. As it continues to grow and evolve, this ETF could be a valuable addition to income-focused portfolios seeking diversification and inflation hedging.
