BETFX: Ibbotson Balanced ETF Asset Allc II

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BETFX Ibbotson Balanced ETF Asset Allc II


Profile

BETFX - Profile

Vitals

  • YTD Return -3.7%
  • 3 Yr Annualized Return -4.1%
  • 5 Yr Annualized Return -2.6%
  • Net Assets $155 M
  • Holdings in Top 10 71.7%

52 WEEK LOW AND HIGH

$10.24
$8.23
$10.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -3.7%
  • 3 Yr Annualized Total Return -4.1%
  • 5 Yr Annualized Total Return -2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.96%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Morningstar Balanced ETF Asset Allocation Portfolio
  • Fund Family Name
    ALPS
  • Inception Date
    Apr 30, 2007
  • Shares Outstanding
    12978741
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jared Watts

Fund Description

The fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds. The advisor typically expects to allocate its investments in Underlying ETFs such that 40% of such allocation is invested in Underlying ETFs that invest primarily in fixed-income securities and money market instruments and approximately 60% of such allocation is invested in Underlying ETFs that invest primarily in equity securities, and may include other investments such as commodities and commodity futures. The fund is non-diversified.


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Categories

Performance

BETFX - Performance

Return Ranking - Trailing

Period BETFX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -33.7% 814.0% 55.60%
1 Yr -3.1% -38.0% 852.1% 48.39%
3 Yr -4.1%* -23.6% 10.4% 81.06%
5 Yr -2.6%* -15.2% 11.2% 78.80%
10 Yr N/A* -9.7% 17.7% N/A

* Annualized

Return Ranking - Calendar

Period BETFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.7% -28.6% 45.6% 49.83%
2018 -16.5% -93.5% 10.9% 84.04%
2017 4.8% -9.1% 28.6% 72.95%
2016 1.5% -43.7% 13.8% 75.67%
2015 -6.4% -19.4% 6.0% 48.50%

Total Return Ranking - Trailing

Period BETFX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.7% -33.7% 814.0% 55.60%
1 Yr -3.1% -38.0% 852.1% 48.39%
3 Yr -4.1%* -15.3% 119.9% 93.76%
5 Yr -2.6%* -12.7% 61.1% 92.33%
10 Yr N/A* -9.7% 17.7% N/A

* Annualized

Total Return Ranking - Calendar

Period BETFX Return Category Return Low Category Return High Rank in Category (%)
2019 11.7% -12.0% 45.6% 50.61%
2018 -16.5% -32.7% 10.9% 91.27%
2017 4.8% -6.7% 28.6% 89.96%
2016 1.5% -43.7% 20.7% 90.40%
2015 -6.4% -14.9% 8.0% 83.11%

NAV & Total Return History


Holdings

BETFX - Holdings

Concentration Analysis

BETFX Category Low Category High BETFX % Rank
Net Assets 155 M 2.08 M 104 B 76.71%
Number of Holdings 27 4 5257 57.22%
Net Assets in Top 10 111 M -720 M 19.5 B 66.99%
Weighting of Top 10 71.68% 5.9% 362.0% 48.54%

Top 10 Holdings

  1. Vanguard Total Bond Market ETF 19.14%
  2. Vanguard Total Stock Market ETF 9.45%
  3. iShares Core S&P 500 ETF 9.40%
  4. Vanguard FTSE Developed Markets ETF 6.74%
  5. iShares Core S&P Mid-Cap ETF 6.64%
  6. Schwab Fundamental Intl Lg Co ETF 5.07%
  7. Vanguard FTSE Emerging Markets ETF 4.62%
  8. Vanguard Energy ETF 3.85%
  9. Vanguard Short-Term Bond ETF 3.69%
  10. Vanguard Value ETF 3.10%

Asset Allocation

Weighting Return Low Return High BETFX % Rank
Stocks
62.24% -1.92% 79.86% 30.40%
Bonds
35.05% -285.12% 133.53% 44.52%
Cash
2.38% -43.77% 329.83% 82.08%
Convertible Bonds
0.30% 0.00% 17.43% 62.21%
Other
0.03% -10.60% 73.94% 64.39%
Preferred Stocks
0.01% 0.00% 38.96% 61.45%

Stock Sector Breakdown

Weighting Return Low Return High BETFX % Rank
Healthcare
14.64% 0.00% 50.47% 41.39%
Financial Services
13.95% 0.00% 33.22% 54.25%
Technology
13.22% 0.00% 88.31% 79.85%
Energy
10.53% 0.00% 92.64% 5.23%
Industrials
10.09% 0.00% 22.11% 41.61%
Consumer Cyclical
9.51% 0.00% 28.65% 66.78%
Consumer Defense
9.21% 0.00% 25.50% 18.52%
Communication Services
7.26% 0.00% 43.54% 69.50%
Basic Materials
4.79% 0.00% 15.11% 12.96%
Real Estate
3.45% 0.00% 80.86% 73.97%
Utilities
3.36% 0.00% 33.86% 57.73%

Stock Geographic Breakdown

Weighting Return Low Return High BETFX % Rank
US
36.51% -7.72% 61.94% 45.60%
Non US
25.73% -1.22% 54.24% 16.29%

Bond Sector Breakdown

Weighting Return Low Return High BETFX % Rank
Government
40.94% 0.00% 88.46% 13.90%
Corporate
22.44% 0.00% 95.74% 68.40%
Derivative
16.41% -0.67% 45.00% 8.36%
Securitized
16.36% 0.00% 66.01% 62.21%
Cash & Equivalents
3.56% -32.60% 100.00% 96.20%
Municipal
0.29% 0.00% 31.37% 44.30%

Bond Geographic Breakdown

Weighting Return Low Return High BETFX % Rank
US
29.12% -68.01% 91.30% 45.28%
Non US
5.93% -351.11% 68.74% 52.88%

Expenses

BETFX - Expenses

Operational Fees

BETFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.01% 22.24% 54.42%
Management Fee 0.45% 0.00% 1.95% 67.46%
12b-1 Fee 0.25% 0.00% 1.00% 24.69%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

BETFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

BETFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

BETFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.29% 496.00% 11.84%

Distributions

BETFX - Distributions

Dividend Yield Analysis

BETFX Category Low Category High BETFX % Rank
Dividend Yield 4.20% 0.00% 4.49% 0.22%

Dividend Distribution Analysis

BETFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

BETFX Category Low Category High BETFX % Rank
Net Income Ratio 1.96% -1.38% 6.29% 45.17%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

BETFX - Fund Manager Analysis

Managers

Jared Watts


Start Date

Tenure

Tenure Rank

Apr 30, 2007

13.1

13.1%

Jared Watts, Portfolio Manager. Mr. Watts joined Morningstar Investment Management in 2006. His responsibilities include the management of fund-of-funds clients across multiple financial intermediary segments. Mr. Watts helps develop and manage multiple asset allocation solutions and strategies. In addition to conducting fund research, Mr. Watts helps lead the research and implementation efforts on exchange-traded products for Morningstar’s Investment Management group. Prior to joining Morningstar, Mr. Watts was an Investment Manager at Allstate Financial, where he helped manage fund relationships, asset allocation efforts, and investment product research. Prior to Allstate, Mr. Watts was at A.G. Edwards, where he conducted mutual fund and stock research. Mr. Watts holds a bachelor’s degree in finance from Southern Illinois University and a master’s degree in business administration, with honors, from Saint Xavier University, Graham School of Management with concentrations in portfolio management and financial analysis.

Andrew Lill


Start Date

Tenure

Tenure Rank

Dec 18, 2019

0.45

0.5%

Andrew joined Morningstar Investment Management Australia Limited in January 2014. He is responsible for leading the Morningstar Investments team in Australia and developing Morningstar Investment Management’s investment capabilities and thought leadership profile in the Asia Pacific region. Andrew chairs the Asia Pacific Investment Policy Committee, and the Manager and Security Selection Sub-Committee. He is also a member of the Asset Allocation Sub-Committee and Portfolio Construction Sub-Committee. Andrew has over 23 years’ experience in advising and managing Institutional Funds and Investment teams in Australia, Asia, and the United Kingdom. He worked most recently at AMP Capital Investors as Head of Investment Solutions in the Multi-Asset Group, and before that, Head of Investment Specialists, Listed Assets. He is passionate about portfolio construction that achieve specific client outcomes and risk targets, and has a global interest in post-retirement solutions and has had great experience in designing liability aware investment strategies for insurance and Defined Benefit Pension Funds. He previously spent 7 years with Russell Investments Group as Director of Consulting – Asia Pacific and ultimately as Director of Investment Strategy. In this former role, he was responsible for advising 2 Asian Sovereign Wealth Funds and designing their investment strategies to access capital markets outside of their local investment market. His experience in the United Kingdom included roles in manager research with investment consultant Lane Clark & Peacock and as Investment Analyst with Watson Wyatt. He holds a Master of Economics from the University of Cambridge and is a Fellow of the Institute of Actuaries UK.

Steve Tagarov


Start Date

Tenure

Tenure Rank

Dec 18, 2019

0.45

0.5%

Steve Tagarov, CFA, Senior Investment Analyst: Mr. Tagarov joined Morningstar Investment Management in 2015. His responsibilities include supporting Target Risk Strategies, conducting manager research, manager due diligence, and he is a member of the Global Sectors team. Mr. Tagarov started his investment career since 2006. Prior to joining Morningstar Investment Management, Mr. Tagarov was a Senior Investment Consultant at Aon Hewitt Investment Consulting. Mr. Tagarov is a chartered financial analyst, he holds a bachelor’s degree from Augustana College and he’s currently an MBA candidate at the University of Chicago Booth school of business.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.43 6.18 0.41