Buy 2 SS&C ALPS Mutual Funds for Risk-Adjusted Returns

SS&C ALPS Advisors is a U.S.-based asset management company offering a broad range of mutual funds that fall into three categories: sustainable income, thematic, and alternative growth strategies. The investment process is based on an open-architecture approach. The actively managed investment products are developed by specialized investment teams. As of June 30, 2026, it managed $37.62 billion in assets under management. Headquartered in Denver, CO, the company has a network of offices across the United States. More than 70 financial professionals are part of the SS&C ALPS team. All these factors make it a compelling investment option.

We have picked two SS&C ALPS mutual funds — ALPS Balanced Opportunity Inv ALIBX  and ALPS Asset Allocation Growth & Inc Inv RLGAX — which investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee. 

ALPS Balanced Opportunity Inv fund invests in a diversified portfolio of equity securities, fixed-income investments and cash equivalents, including common and preferred stocks, corporate bonds, U.S. government securities, mortgage- and asset-backed securities, and bank loans.

Eric Hewitt has been the lead manager of ALIBX since Sept. 15, 2020. Most of the fund’s holdings were in companies, such as Alphabet Inc. (4.2%), Johnson & Johnson (3.5%) and Amazon.com, Inc. (3.3%) as of Jan. 31, 2026. 
ALIBX’s 3-year and 5-year annualized returns are 15.1% and 8.1%, respectively. Its net expense ratio is 0.64%. ALIBX has a Zacks Mutual Fund Rank #1.    

To see how this fund performed compared to its category, and other 1 (Strong Buy) and 2 Ranked Mutual Funds, please click here. 

ALPS Asset Allocation Growth & Inc Inv fund seeks current income and capital appreciation while managing risk by strategically investing in, and tactically adjusting allocations to, U.S.-listed ETFs advised by the Adviser and unaffiliated ETFs, which may have international exposure. 

Eric Hewitt has been the lead manager of RLGAX since Feb. 28, 2025. Most of the fund’s holdings were in companies such as ALPS Dynamic US Dividend Advantage ETF (17.5%), ALPS Dynamic US Dividend Advantage ETF (15.3%) and iShares Core MSCI International Developed Markets ETF (10.7%) as of Jan. 31, 2026. 

RLGAX’s 3-year and 5-year annualized returns are 13% and 6.9%, respectively. Its net expense ratio is 0.47%. RLGAX has a Zacks Mutual Fund Rank #1.     

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