RiverFront Investment Group Announces Changes to the RiverFront Global Allocation Series
12 Mars 2018 - 3:00PM
Business Wire
RiverFront Investment Group (RiverFront), a global asset manager
utilizing a dynamic investment approach with uncommon transparency,
today announced a reduced fee structure and new names for the
RiverFront Global Allocation Series, which is advised by ALPS
Advisors, Inc. (ALPS) and sub-advised by RiverFront.
Effective February 28, 2018, the new names, which were approved
by the Board of Directors (Board) of the Financial Investors Trust,
are designed to more clearly reflect each Fund’s investment
objective and to better serve investors. The symbols remain the
same, as shown in the table below:
Old Fund Name
New Fund Name
Class C
Class I
Class Inv
RiverFront Conservative Income Builder RiverFront Asset Allocation
Income & Growth RCCBX RCIBX RCABX RiverFront Moderate Growth
& Income RiverFront Asset Allocation Moderate RMICX RMIIX RMIAX
RiverFront Dynamic Equity Income RiverFront Asset Allocation Growth
& Income RLGCX RLIIX RLGAX RiverFront Global Allocation
RiverFront Asset Allocation Growth RMGCX RMGIX RMGAX RiverFront
Global Growth RiverFront Asset Allocation Aggressive RLTCX RLFIX
RLTAX
The new fee structure will reduce the expense ratios of the
funds by an average of 0.65% excluding the acquired fund fee
expenses (AFFE). If the AFFE are included, fees will be reduced by
0.26% to 0.35%, depending on the fund. The Board believes these fee
reductions will make the funds more competitive with their peers.
Please see prospectus for details on all fees.
Total Expense Ratios
Fund Name
Class C
Class I
Investor Class
RiverFront Asset Allocation Income
& Growth
1.79
%
0.79
%
1.04
%
RiverFront Asset Allocation
Moderate
1.81
%
0.81
%
1.06
%
RiverFront Asset Allocation Growth
& Income
1.91
%
0.91
%
1.16
%
RiverFront Asset Allocation
Growth
1.93
%
0.93
%
1.18
%
RiverFront Asset Allocation
Aggressive
1.95
%
0.95
%
1.20
%
“We are pleased to be able to announce this fee reduction for
the Funds, along with the changes to the Fund names,” said Ned
Burke*, Chief Executive Officer of ALPS Holdings, Inc. “We believe
these adjustments will make the Funds more competitive with their
peers and further demonstrate RiverFront’s commitment to its
current and potential investors.”
These fee reductions are made possible as the result of the
Board approving the use of a series of RiverFront sub-advised
exchange traded funds (ETFs) as the primary investment vehicles of
the Funds. The sub-advised ETFs are listed below:
Sub-Advised ETFs
Symbols
RiverFront Dynamic US Flex Cap ETF RFFC RiverFront Dynamic US
Dividend Advantage ETF RFDA RiverFront Dynamic Core Income ETF RFCI
RiverFront Dynamic Unconstrained Income ETF RFUN First Trust
RiverFront Dynamic Developed International ETF RFDI First Trust
RiverFront Dynamic Europe ETF RFEU
First Trust RiverFront Dynamic Asia
Pacific ETF
RFAP First Trust RiverFront Dynamic Emerging Market ETF RFEM
For more information about any of the changes, please contact us
at 866-583-0744 or info@riverfrontig.com.
Important Disclosures
An investor should consider investment objectives, risks,
charges and expenses carefully before investing. To obtain a
prospectus, which contains this and other information, please
contact your investment professional. Read the prospectus carefully
before investing.
The performance of the Funds relative to its benchmark will
depend largely on the decisions of the RiverFront Investment Group,
LLC (the “Sub-Advisor” or “RiverFront”) as to strategic asset
allocation and tactical adjustments made to the asset allocation.
At times, RiverFront’s judgments as to the asset classes in which
the Fund should invest may prove to be wrong, as some asset classes
may perform worse than others or the equity markets generally from
time to time or for extended periods of time. The performance of
the Fund is related to the economic sectors that RiverFront may
choose to emphasize or deemphasize from time to time, as well as to
the individual securities selected by RiverFront within those
sectors. The investment returns for particular economic sectors
will fluctuate and may be lower than other sectors. In addition,
the individual securities chosen for investment within a particular
sector may underperform other securities within that same sector.
Certain stocks selected for the Fund’s portfolio may decline in
value more than the overall stock markets.
The value of the Fund’s investments in fixed-income securities
will generally decrease when interest rates rise, which means the
Fund’s NAV will likewise decrease.
The RiverFront Global Allocation Series is not suitable for all
investors. Subject to investment risks, including possible loss of
the principal amount invested.
The RiverFront Global Allocation Series is a series of Financial
Investors Trust.
*Registered Representative of ALPS Distributors, Inc. and ALPS
Portfolio Distributors, Inc.ALPS Distributors, Inc. and ALPS
Portfolio Distributors, Inc. are affiliated.ALPS Portfolio
Solutions Distributor, Inc. is the distributor for the Fund. ALPS
Advisors, Inc. is the investment advisor to the Fund and RiverFront
Investment Group, LLC is the investment sub-advisor. ALPS is not
affiliated with RiverFront Investment Group, LLC.
The RiverFront Global Allocation Series is: Not FDIC Insured -
No Bank Guarantee - May Lose Value.
About RiverFront
RiverFront Investment Group, LLC, is an independent
SEC-registered investment advisor headquartered in Richmond, VA
advising approximately $7.5 billion in assets (discretionary and
non-discretionary) as of December 31, 2017, through a series of
global asset allocation models, mutual funds, and sub-advised
exchange-traded funds. Majority owned by its employees, the firm
provides asset management, investment advice, and insightful market
commentary. For more information about RiverFront, please visit
www.riverfrontig.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180312005122/en/
RiverFront Investment GroupBeth Johnson,
+1-804-836-1505Director of Marketingbjohnson@riverfrontig.com
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