ALPS Asset Allocation Growth & Income - Investor Class
RLGAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- P.O. Box 328 Denver CO United States of America 80201-0328
- IPO Date
- Aug 2, 2010
- CIK
- 0000915802
- Website
- alpsfunds.com
- Similar Companies
- Business
- Riverfront Dynamic Equity Income Fund - Investor Class (RLGAX) is a mutual fund that seeks long-term growth and income through strategic investments in exchange-traded funds (ETFs), targeting a typical allocation of 60% equities and 40% fixed-income securities; core holdings include RiverFront Dynamic US Dividend Advantage ETF (approximately 19%), ALPS Active Equity Opportunity ETF (approximately 13%), iShares Core MSCI International Developed Markets ETF (approximately 10%), RiverFront Strategic Income Fund (approximately 9%), and Vanguard Total Stock Market ETF (approximately 7%), among others focused on dividend-paying equities, U.S. and international markets, bonds, and treasuries. The fund emphasizes capital appreciation and rising dividend payments via dynamic asset allocation across mega, large, medium, and small capitalization companies, including American Depositary Receipts (ADRs) comprising 2% to 25% of the portfolio; it maintains average annual turnover of 30% to 60%, cash levels of 2% to 20% over market cycles, and risk (standard deviation) below the S&P 500. Originally launched on August 2, 2010, and sub-advised by RiverFront Investment Group, LLC—an SEC-registered investment adviser founded in December 2007 and headquartered in Richmond, Virginia—the fund operates primarily in U.S. and global markets, serving individual investors, investment companies, pension plans, charitable organizations, and corporations through model portfolios and sub-advisory services. In a significant operational change effective February 28, 2025, the fund was renamed ALPS Asset Allocation Growth & Income Fund (while retaining the RLGAX ticker), with RiverFront Investment Group ceasing its role as sub-adviser and ALPS Advisors, Inc. assuming direct responsibility for investment selection and portfolio management under Laton Spahr and Eric Hewitt; this transition coincided with RiverFront's internal leadership evolution announced June 30, 2025, including expanded board roles for key executives and an ownership shift enhancing employee shareholding to over 70% while retaining Baird Financial Corporation as a minority owner. The fund distributed quarterly dividends, including $0.100 per share on March 27, 2025, and $0.126 per share on December 24, 2024, with total net assets around $72 million as of early 2025.