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Trending ETFs

ALPS/CoreCommodity Management CompleteCommodities Strategy Fund

mutual fund
JCRAX
Payout Change
Pending
Price as of:
$7.21 +0.05 +0.7%
primary theme
Commodity
JCRAX (Mutual Fund)

ALPS/CoreCommodity Management CompleteCommodities Strategy Fund

Payout Change
Pending
Price as of:
$7.21 +0.05 +0.7%
primary theme
Commodity
JCRAX (Mutual Fund)

ALPS/CoreCommodity Management CompleteCommodities Strategy Fund

Payout Change
Pending
Price as of:
$7.21 +0.05 +0.7%
primary theme
Commodity

Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.21

$1.34 B

2.78%

$0.20

1.46%

Vitals

YTD Return

1.0%

1 yr return

5.9%

3 Yr Avg Return

2.5%

5 Yr Avg Return

7.5%

Net Assets

$1.34 B

Holdings in Top 10

129.3%

52 WEEK LOW AND HIGH

$7.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.46%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$7.21

$1.34 B

2.78%

$0.20

1.46%

JCRAX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.36%
DIVIDENDS
  • Dividend Yield 2.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    ALPS/CoreCommodity Management CompleteCommodities Strategy Fund
  • Fund Family Name
    Financial Investors Trust
  • Inception Date
    Jun 29, 2010
  • Shares Outstanding
    10165409
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Hyman

Fund Description

The Fund seeks to achieve its investment objective by investing, under normal circumstances, directly or indirectly in a combination of equity securities of natural resource companies, otherwise described in this Prospectus as commodity-related equity securities (“Commodity Equity Investments”) and commodity futures-linked derivative instruments (described more fully below and referred to in this prospectus as “Commodity Investments”) and thereby obtaining exposure to the commodity markets. CompleteCommodities®, as developed by CoreCommodity Management, LLC (the “Sub-Adviser”), is an investment approach that actively combines Commodity Investments and Commodity Equity Investments.

Commodity Investments are investments in commodity futures contracts, commodity swaps, options on commodity futures, and commodity-linked notes.
Commodity Equity Investments are generally investments in affiliated exchange traded funds (each, an “underlying ETF”), expected to consist of ETFs sub-advised by the Sub-Adviser. While the Sub-Adviser intends for the Fund to gain exposure to Commodity Equity Investments through the use of such underlying ETFs, primarily the ALPS | CoreCommodity Natural Resources ETF, the Fund may also directly invest in companies across all market capitalizations primarily engaged in the production and distribution of commodities and commodity-related products.

With respect to the Commodity Equity Investments portion of its portfolio, the Fund seeks to invest, primarily through underlying ETFs, in a global universe of listed companies engaged in the production and distribution of commodities and commodity-related products and services in the energy, agriculture, base metals and minerals, and precious metals and minerals sectors. The Sub-Adviser utilizes both quantitative and fundamental analyses for selecting securities for inclusion in the portfolio. The Fund may also from time to time purchase or sell common stock, preferred stock, and ETFs.

With respect to the Commodity Investments portion of its portfolio, the Fund seeks to gain exposure to the commodity markets through the use of Commodity Investments. Commodity Investments in which the Fund may invest, either directly and/or indirectly through a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”), include, but are not limited to, commodity futures contracts, commodity swaps, options on commodity futures and commodity-linked notes. The Fund may also from time to time invest in ETFs.

The Fund expects to gain exposure to the commodities market indirectly by investing up to 25% of its total assets in the Subsidiary, which is designed to enhance the ability of the Fund to obtain exposure to the commodities market through Commodity Investments consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. The Subsidiary has the same investment objective and is subject to substantially the same investment policies and investment restrictions as the Fund, except that the Subsidiary (unlike the Fund) will not invest in equity securities and may invest without limitation in commodity swaps, commodity futures, options on commodity futures and commodity-linked notes. The Fund and the Subsidiary are advised by the Adviser and Sub-Adviser.

The term “Subsidiary” includes entities that engage in investment activities in securities or other assets that are primarily controlled by the Company. The Fund will comply with the provisions of the Investment Company Act of 1940 Act, as amended (the “1940 Act”) on an aggregate basis with the Subsidiary. For example, the Fund will treat a Subsidiary’s assets as assets of the Fund for purposes of determining compliance with various provisions of the 1940 Act applicable to the Fund, including those relating to investment policies for purposes of Section 8, capital structure and leverage so that the Fund treats the debt of the Subsidiary as its own for purposes of Sections 18 and 61, and affiliated transactions and custody for purposes of Sections 17 and 57. The Fund generally expects to consolidate the Subsidiary for purposes of the Fund’s financial statements and compliance with the 1940 Act. The Adviser to the Subsidiary complies with the provisions of Section 15 of the 1940 Act as an investment adviser to the Fund, as defined in Section 2(a)(20) of the 1940 Act. The Subsidiary and its board agree to designate an agent for service of process in the United States. The Subsidiary’s custodian is State Street Corporation.

The Fund and/or the Subsidiary may invest without limit in investment grade fixed-income securities of varying maturities, including U.S. Treasuries, U.S. Treasury inflation-protected securities (“TIPS”), other U.S. and foreign government securities, corporate bonds and notes, and affiliated and unaffiliated money market funds, to collateralize its Commodity Investments and other derivative exposure on a day-to-day basis.

The Sub-Adviser will use its discretion to determine the percentage of the Fund’s assets allocated to each of the Commodity Equity Investments and Commodity Investments portions of the Fund’s portfolio based on a determination of the relative value of the commodity futures versus commodity-related equity markets. Generally, at least 20% of the Fund’s investments, either directly or indirectly through the Subsidiary, will be allocated to each respective portion of the portfolio; provided, however, that at times the Sub-Adviser may choose to lower this minimum exposure level and give greater emphasis to Commodity Equity Investments or Commodity Investments, as the case may be, based on market events, absolute and relative market movements, economic events and trends.

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JCRAX - Performance

Return Ranking - Trailing

Period JCRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -31.9% 33.4% 88.98%
1 Yr 5.9% -28.2% 39.0% 82.68%
3 Yr 2.5%* -35.2% 283.7% 84.80%
5 Yr 7.5%* -27.5% 134.0% 62.30%
10 Yr 2.0%* -26.5% 48.2% 51.14%

* Annualized

Return Ranking - Calendar

Period JCRAX Return Category Return Low Category Return High Rank in Category (%)
2023 -10.4% -64.0% 30.1% 62.20%
2022 5.3% -40.8% 2475.6% 22.22%
2021 5.3% -23.3% 106.7% 56.00%
2020 1.8% -71.9% 295.5% 39.34%
2019 10.0% -31.8% 53.9% 29.75%

Total Return Ranking - Trailing

Period JCRAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -31.9% 33.4% 88.98%
1 Yr 5.9% -28.2% 39.0% 82.68%
3 Yr 2.5%* -35.2% 283.7% 84.80%
5 Yr 7.5%* -27.5% 134.0% 62.30%
10 Yr 2.0%* -26.5% 48.2% 51.14%

* Annualized

Total Return Ranking - Calendar

Period JCRAX Return Category Return Low Category Return High Rank in Category (%)
2023 -7.4% -64.0% 41.1% 70.08%
2022 12.8% -15.1% 5648.8% 57.14%
2021 29.5% -23.3% 188.1% 49.60%
2020 2.2% -67.8% 296.1% 40.16%
2019 11.0% -31.8% 53.9% 44.63%

NAV & Total Return History


JCRAX - Holdings

Concentration Analysis

JCRAX Category Low Category High JCRAX % Rank
Net Assets 1.34 B 2.34 M 27.6 B 16.03%
Number of Holdings 63 1 968 41.73%
Net Assets in Top 10 1.26 B 2.66 M 30.7 B 20.47%
Weighting of Top 10 129.31% 20.9% 172.5% 4.07%

Top 10 Holdings

  1. ALPS | CoreCommodity Natural Resources ETF 32.22%
  2. United States Treasury Bill 15.32%
  3. United States Treasury Bill 15.08%
  4. CRB 3m Fwd TR Index 12.77%
  5. CRB 3m Fwd TR Index 9.69%
  6. CRB TR Index 9.50%
  7. CRB 3m Fwd TR Index 9.23%
  8. CRB 3m Fwd TR Index 8.97%
  9. CRB 3m Fwd TR Index 8.77%
  10. United States Treasury Inflation Indexed Bonds 7.75%

Asset Allocation

Weighting Return Low Return High JCRAX % Rank
Other
69.00% -7.17% 100.03% 16.00%
Bonds
65.02% 0.00% 109.63% 25.98%
Stocks
32.22% 0.00% 57.05% 10.24%
Cash
5.32% 0.00% 100.00% 76.00%
Preferred Stocks
0.00% 0.00% 0.11% 42.40%
Convertible Bonds
0.00% 0.00% 3.89% 55.65%

Stock Sector Breakdown

Weighting Return Low Return High JCRAX % Rank
Utilities
0.00% 0.00% 27.00% 28.00%
Technology
0.00% 0.00% 2.77% 4.00%
Real Estate
0.00% 0.00% 13.82% 28.00%
Industrials
0.00% 0.00% 23.28% 52.00%
Healthcare
0.00% 0.00% 1.73% 44.00%
Financial Services
0.00% 0.00% 13.67% 48.00%
Energy
0.00% 0.00% 33.64% 24.00%
Communication Services
0.00% 0.00% 100.00% 52.00%
Consumer Defense
0.00% 0.00% 12.04% 20.00%
Consumer Cyclical
0.00% 0.00% 3.41% 44.00%
Basic Materials
0.00% 0.00% 47.41% 28.00%

Stock Geographic Breakdown

Weighting Return Low Return High JCRAX % Rank
US
32.22% 0.00% 57.05% 4.80%
Non US
0.00% 0.00% 28.52% 11.20%

Bond Sector Breakdown

Weighting Return Low Return High JCRAX % Rank
Derivative
69.00% -7.17% 100.03% 3.54%
Government
23.69% 0.00% 100.00% 40.18%
Cash & Equivalents
5.32% 0.00% 100.00% 82.30%
Securitized
0.00% 0.00% 19.62% 56.25%
Corporate
0.00% 0.00% 42.72% 65.18%
Municipal
0.00% 0.00% 1.45% 46.43%

Bond Geographic Breakdown

Weighting Return Low Return High JCRAX % Rank
US
65.02% 0.00% 95.25% 26.40%
Non US
0.00% 0.00% 14.38% 44.80%

JCRAX - Expenses

Operational Fees

JCRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.46% 0.21% 5.23% 25.25%
Management Fee 0.85% 0.00% 1.75% 80.77%
12b-1 Fee 0.25% 0.00% 1.00% 48.21%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

JCRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% 42.31%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

JCRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 25.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

JCRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 162.00% 81.34%

JCRAX - Distributions

Dividend Yield Analysis

JCRAX Category Low Category High JCRAX % Rank
Dividend Yield 2.78% 0.00% 19.94% 35.90%

Dividend Distribution Analysis

JCRAX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Quarterly

Net Income Ratio Analysis

JCRAX Category Low Category High JCRAX % Rank
Net Income Ratio 1.36% -55.71% 52.26% 15.32%

Capital Gain Distribution Analysis

JCRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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JCRAX - Fund Manager Analysis

Managers

Robert Hyman


Start Date

Tenure

Tenure Rank

Jun 29, 2010

11.93

11.9%

Robert B. Hyman is a Senior Vice President for CoreCommodity Management, LLC (“CCM”) and Co-Portfolio Manager and its Cayman Subsidiary. Mr. Hyman re-joined CCM in June 2010. During his 30 plus years successfully trading commodities and commodity related products, Mr. Hyman has held a number of trading and risk control positions, including proprietary trading positions at Lehman Brothers, Amerada Hess Crude & Gas Co., and Drexel Burnham Lambert. Most recently, from April 2007 to Feb 2009, Mr. Hyman was a proprietary trader for First New York Securities, LLC, where he traded commodity futures, time spreads, exchange for physicals, and commodity related equities. From Aug 2009 to May 2010, Mr. Hyman was a proprietary trader at The Gelber Group, focusing on commodity futures, spreads and foreign exchange trading. Mr. Hyman graduated from Dartmouth College in 1978 with a Bachelor of Arts degree in Government. Mr. Hyman has been Portfolio Manager of the CoreCommodity Management CompleteCommodities Strategy Fund and the Cayman Subsidiary since its inception in June 2010 (and Co-Portfolio Manager from May 2012 to July 2015).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 17.03 6.2 11.51