Ticker Symbols |
Market Price: USA Net Asset Value: XUSAX |
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Fund Type | Closed-end, Exchange-Traded |
Fund Style | Large-Cap Core |
Expense Ratio | |
Shares Outstanding | 282,594,292 |
Inception Date | October 31, 1986 |
Distribution Frequency | Quarterly |
Tax ID | 04-2935840 |
CUSIP | |
NAV | |
Prior NAV | |
NAV Change | |
YTD NAV Total Return | |
Market Price | |
Market Price Change | |
Premium/(Discount) |
Large-Cap Core
Multi-managed fund that allocates its portfolio assets on an approximately equal basis among several independent investment management organizations (currently five in number) having different investment styles recommended and monitored by ALPS Advisors, Inc., the Fund's investment advisor.
The Fund’s assets are approximately equally distributed among three value managers and two growth managers:
Seeks to own high quality, attractively valued companies that possess catalysts for positive change.
Seeks to invest in durable business franchises that are selling at low valuations and a significant discount to their intrinsic value.
Seeks to invest in companies with low price‐to‐normalized earnings ratios that have the ability to generate earnings recovery.
Seeks to invest in companies with predictable, sustainable earnings and cash flow growth over the long term.
Seeks to invest in companies that have superior sales growth, leading and/or rising market shares, and high and/or rising profit margins.
ALPS Advisors, Inc., the investment advisor to the Fund, has the ultimate authority (subject to oversight by the Board of Trustees) to oversee the investment managers and recommend their hiring, termination and replacement.
The current policy is to pay distributions on its common shares totaling approximately 10 percent of its net asset value per year, payable in four quarterly installments of 2.5 percent of the Fund's net asset value at the close of the New York Stock Exchange on the Friday prior to each quarterly declaration date. The fixed distributions are not related to the amount of the Fund's net investment income or net realized capital gains or losses and may be taxed as ordinary income up to the amount of the Fund's current and accumulated earnings and profits. If, for any calendar year, the total distributions made under the distribution policy exceed the Fund's net investment income and net realized capital gains, the excess will generally be treated as a non-taxable return of capital, reducing the shareholder's adjusted basis in his or her shares. If the Fund's net investment income and net realized capital gains for any year exceed the amount distributed under the distribution policy, the Fund may, in its discretion, retain and not distribute net realized capital gains and pay income tax thereon to the extent of such excess.
YTD* | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | 20 Years | |
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NAV Return | 13.17% | 32.58% | 4.93% | 12.37% | 10.93% | 12.01% | 8.81% |
Market Price Return | 19.06% | 33.42% | 4.44% | 12.59% | 12.42% | 13.42% | 8.56% |
Lipper Large-Cap Core Average | 19.14% | 35.60% | 7.68% | 14.12% | 11.84% | 13.00% | 9.85% |
*Cumulative Total Return
Returns for the Fund and the Lipper Average are total returns, which include dividends, after deducting fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings.
Past performance cannot predict future results. Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. An investment in the Fund involves risk, including loss of principal.