Ibbotson Balanced ETF Asset Allc II
- BETFX
- Price as of: Feb 22, 2021
-
$11.63
N/A N/A
- Primary Theme
- U.S. Balanced Allocation
- Fund Company
- ALPS
- Share Class
BETFX - Snapshot
Vitals
- YTD Return 3.2%
- 3 Yr Annualized Return 5.0%
- 5 Yr Annualized Return 8.4%
- Net Assets $177 M
- Holdings in Top 10 71.5%
52 WEEK LOW AND HIGH
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 Theme
U.S. Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--50% to 70% Equity
BETFX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.96%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameMorningstar Balanced ETF Asset Allocation Portfolio
-
Fund Family NameALPS
-
Inception DateApr 30, 2007
-
Shares Outstanding13131676
-
Share ClassB
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJared 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.
BETFX - Performance
Return Ranking - Trailing
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -7.5% | 33.1% | 31.88% |
| 1 Yr | 10.1% | -19.4% | 53.5% | 69.39% |
| 3 Yr | 5.0%* | -2.4% | 16.5% | 81.24% |
| 5 Yr | 8.4%* | 0.6% | 20.8% | 79.43% |
| 10 Yr | 6.1%* | 1.4% | 14.5% | 88.35% |
* Annualized
Return Ranking - Calendar
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.7% | -39.0% | 56.4% | 67.38% |
| 2019 | 11.7% | -5.8% | 25.7% | 71.09% |
| 2018 | -16.5% | -52.1% | 0.0% | 88.60% |
| 2017 | 4.8% | -6.5% | 32.7% | 81.74% |
| 2016 | 1.5% | -43.7% | 17.8% | 79.57% |
Total Return Ranking - Trailing
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -7.5% | 33.1% | 31.88% |
| 1 Yr | 10.1% | -19.4% | 53.5% | 58.69% |
| 3 Yr | 5.0%* | -2.4% | 16.5% | 75.79% |
| 5 Yr | 8.4%* | 0.6% | 20.8% | 75.98% |
| 10 Yr | 6.1%* | 1.4% | 14.5% | 87.22% |
* Annualized
Total Return Ranking - Calendar
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 5.7% | -39.0% | 56.4% | 67.38% |
| 2019 | 11.7% | -5.8% | 25.7% | 71.09% |
| 2018 | -16.5% | -47.9% | 0.8% | 94.38% |
| 2017 | 4.8% | -3.7% | 56.2% | 94.37% |
| 2016 | 1.5% | -43.7% | 19.8% | 93.61% |
NAV & Total Return History
BETFX - Holdings
Concentration Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Net Assets | 177 M | 462 K | 182 B | 77.55% |
| Number of Holdings | 28 | 2 | 14673 | 64.69% |
| Net Assets in Top 10 | 127 M | 640 K | 32.5 B | 69.90% |
| Weighting of Top 10 | 71.54% | 9.6% | 100.0% | 38.32% |
Top 10 Holdings
- Vanguard Total Bond Market ETF 19.90%
- Vanguard Total Stock Market ETF 9.23%
- iShares Core S&P 500 ETF 9.02%
- Vanguard FTSE Developed Markets ETF 7.15%
- Schwab Fundamental Intl Lg Co ETF 6.11%
- iShares Core S&P Mid-Cap ETF 6.10%
- Vanguard Value ETF 4.01%
- iShares Broad USD High Yield Corp Bd ETF 3.47%
- Vanguard Intmdt-Term Trs ETF 3.36%
- Vanguard FTSE Emerging Markets ETF 3.18%
Asset Allocation
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| Stocks | 60.99% | 0.27% | 138.94% | 55.72% |
| Bonds | 37.90% | -1.17% | 106.21% | 19.10% |
| Cash | 0.71% | -69.19% | 81.49% | 87.41% |
| Convertible Bonds | 0.36% | 0.00% | 26.69% | 62.81% |
| Other | 0.02% | -2.63% | 31.11% | 45.15% |
| Preferred Stocks | 0.01% | -0.01% | 25.13% | 63.10% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| Financial Services | 17.73% | 0.00% | 100.00% | 16.50% |
| Technology | 14.48% | 0.00% | 53.70% | 84.08% |
| Consumer Cyclical | 11.10% | 0.00% | 22.64% | 53.11% |
| Industrials | 11.01% | 0.00% | 31.51% | 32.42% |
| Healthcare | 10.47% | 0.00% | 46.72% | 87.55% |
| Consumer Defense | 8.30% | 0.00% | 20.65% | 28.80% |
| Energy | 8.13% | 0.00% | 90.89% | 5.79% |
| Communication Services | 6.93% | 0.00% | 32.52% | 81.62% |
| Basic Materials | 5.40% | 0.00% | 27.38% | 15.34% |
| Real Estate | 3.40% | 0.00% | 99.68% | 46.02% |
| Utilities | 3.04% | 0.00% | 100.00% | 35.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| US | 35.02% | 0.26% | 137.67% | 87.55% |
| Non US | 25.97% | 0.00% | 36.41% | 6.08% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| Government | 45.24% | 0.00% | 99.64% | 4.92% |
| Corporate | 34.69% | 0.00% | 97.93% | 50.65% |
| Securitized | 14.16% | 0.00% | 76.91% | 70.48% |
| Derivative | 4.86% | 0.00% | 33.91% | 13.46% |
| Cash & Equivalents | 0.54% | 0.15% | 100.00% | 99.28% |
| Municipal | 0.51% | 0.00% | 22.44% | 45.01% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| US | 33.25% | -1.17% | 55.06% | 20.98% |
| Non US | 4.65% | -6.29% | 80.10% | 34.73% |
BETFX - Expenses
Operational Fees
| BETFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.01% | 4.93% | 52.45% |
| Management Fee | 0.45% | 0.00% | 1.75% | 54.14% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 23.44% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| BETFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 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% | 0.00% | 484.00% | 4.55% |
BETFX - Distributions
Dividend Yield Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 8.88% | 12.57% |
Dividend Distribution Analysis
| BETFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.96% | -1.51% | 11.02% | 25.04% |
Capital Gain Distribution Analysis
| BETFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
BETFX - Fund Manager Analysis
Managers
Jared Watts
Start Date
Tenure
Tenure Rank
Apr 30, 2007
13.77
13.8%
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.
Steve Tagarov
Start Date
Tenure
Tenure Rank
Dec 18, 2019
1.12
1.1%
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 |
|---|---|---|---|
| 0.05 | 37.11 | 6.06 | 1.08 |