Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Morningstar Balanced ETF Asset Allocation Portfolio
mutual fund
BETFX
Payout Change
Pending
Price as of:
$11.19
+0.07
+0.63%
primary theme
U.S. Balanced Allocation
share class
BETFX (Mutual Fund)
Morningstar Balanced ETF Asset Allocation Portfolio
Payout Change
Pending
Price as of:
$11.19
+0.07
+0.63%
primary theme
U.S. Balanced Allocation
share class
BETFX (Mutual Fund)
Morningstar Balanced ETF Asset Allocation Portfolio
Payout Change
Pending
Price as of:
$11.19
+0.07
+0.63%
primary theme
U.S. Balanced Allocation
share class
Name
As of 12/20/2024Price
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
Vitals
YTD Return
10.6%
1 yr return
11.2%
3 Yr Avg Return
3.3%
5 Yr Avg Return
5.6%
Net Assets
$3.14 M
Holdings in Top 10
78.9%
52 WEEK LOW AND HIGH
$11.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.88%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
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
BETFX - Profile
Distributions
- YTD Total Return 10.6%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.45%
- Dividend Yield 1.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameMorningstar Balanced ETF Asset Allocation Portfolio
-
Fund Family NameALPS
-
Inception DateMay 02, 2013
-
Shares Outstanding12017430
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJared Watts
Fund Description
The Portfolio invests, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes, in securities of exchange-traded funds (each, an “Underlying ETF” and collectively, the “Underlying ETFs”). The Portfolio will notify you in writing at least 60 days before making any changes to this policy. For the purposes of this 80% investment policy, net assets are measured at the time of purchase. The Portfolio is a “Fund-of-Funds” and seeks to achieve its investment objective by investing primarily in a portfolio of Underlying ETFs. Each Underlying ETF, in turn, in an attempt to approximate the investment performance of its benchmark, invests in a variety of U.S. and foreign equity, debt, commodities, money market securities, futures, and other instruments. The investment policies of the various Underlying ETFs are described generally in the section called “Information about the Underlying ETFs” in this Prospectus.
The Portfolio 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 (“Fixed-Income Underlying ETFs”) and approximately 60% of such allocation is invested in Underlying ETFs that invest primarily in equity securities of large, medium and small sized companies, and may include other investments such as commodities and commodity futures (“Non-Fixed Income Underlying ETFs”). However, under normal market conditions, the Portfolio typically may, from time to time, invest approximately 25-55% of such allocation in Fixed-Income Underlying ETFs and 45-75% of such allocation in Non-Fixed Income Underlying ETFs.
BETFX - Performance
Return Ranking - Trailing
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.6% | -2.2% | 75.0% | 60.79% |
| 1 Yr | 11.2% | -1.7% | 72.9% | 53.01% |
| 3 Yr | 3.3%* | -4.9% | 22.8% | 46.25% |
| 5 Yr | 5.6%* | -4.0% | 22.0% | 74.60% |
| 10 Yr | 2.4%* | 0.7% | 13.9% | 97.17% |
* Annualized
Return Ranking - Calendar
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 8.0% | -12.2% | 23.9% | 73.45% |
| 2022 | -18.5% | -34.7% | 2.8% | 52.92% |
| 2021 | 5.1% | -11.9% | 18.1% | 53.01% |
| 2020 | 5.7% | -20.9% | 39.7% | 69.58% |
| 2019 | 11.7% | 0.8% | 25.7% | 74.50% |
Total Return Ranking - Trailing
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.6% | -2.2% | 75.0% | 60.79% |
| 1 Yr | 11.2% | -1.7% | 72.9% | 53.01% |
| 3 Yr | 3.3%* | -4.9% | 22.8% | 46.25% |
| 5 Yr | 5.6%* | -4.0% | 22.0% | 74.60% |
| 10 Yr | 2.4%* | 0.7% | 13.9% | 97.17% |
* Annualized
Total Return Ranking - Calendar
| Period | BETFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 12.8% | -12.2% | 26.8% | 61.21% |
| 2022 | -12.9% | -29.0% | 10.9% | 30.73% |
| 2021 | 10.8% | -3.0% | 27.3% | 74.50% |
| 2020 | 9.0% | -19.5% | 40.6% | 76.86% |
| 2019 | 16.1% | 2.2% | 32.7% | 86.67% |
NAV & Total Return History
BETFX - Holdings
Concentration Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.14 M | 861 K | 235 B | 98.54% |
| Number of Holdings | 21 | 2 | 16143 | 69.17% |
| Net Assets in Top 10 | 133 M | 859 K | 66.9 B | 74.78% |
| Weighting of Top 10 | 78.92% | 10.8% | 122.7% | 38.05% |
Top 10 Holdings
- Vanguard Total Bond Market ETF 18.15%
- Vanguard Total Stock Market ETF 14.10%
- iShares Core SP 500 ETF 11.07%
- Schwab Fundamental International Equity ETF 7.03%
- Vanguard Short-Term Bond ETF 6.92%
- Vanguard FTSE Developed Markets ETF 6.08%
- iShares SP 100 ETF 5.54%
- Schwab Fundamental U.S. Large Company ETF 4.04%
- Schwab Fundamental U.S. Small Company ETF 3.03%
- Vanguard Total International Bond ETF 2.97%
Asset Allocation
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| Stocks | 99.02% | 0.00% | 100.10% | 30.09% |
| Cash | 1.00% | -7.92% | 100.00% | 58.41% |
| Convertible Bonds | 0.38% | 0.00% | 23.84% | 69.24% |
| Preferred Stocks | 0.00% | 0.00% | 24.59% | 56.78% |
| Other | 0.00% | -42.55% | 113.97% | 64.45% |
| Bonds | 0.00% | 0.00% | 77.71% | 72.57% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| Financial Services | 17.45% | 0.00% | 38.77% | 14.90% |
| Technology | 14.34% | 0.00% | 44.21% | 84.65% |
| Industrials | 11.90% | 0.00% | 24.37% | 23.25% |
| Healthcare | 10.74% | 0.00% | 29.35% | 85.10% |
| Consumer Defense | 10.35% | 0.00% | 15.14% | 8.35% |
| Consumer Cyclical | 10.04% | 0.00% | 19.36% | 46.50% |
| Energy | 5.87% | 0.00% | 85.65% | 35.02% |
| Communication Services | 5.58% | 0.00% | 38.10% | 85.54% |
| Basic Materials | 5.36% | 0.00% | 25.57% | 16.99% |
| Real Estate | 4.74% | 0.00% | 65.01% | 29.96% |
| Utilities | 3.64% | 0.00% | 99.55% | 28.46% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BETFX % Rank | |
|---|---|---|---|---|
| US | 99.02% | 0.00% | 100.10% | 29.20% |
| Non US | 0.00% | 0.00% | 42.80% | 56.34% |
BETFX - Expenses
Operational Fees
| BETFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.88% | 0.03% | 27.98% | 60.56% |
| Management Fee | 0.45% | 0.00% | 1.83% | 51.39% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.58% |
| 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 | 2.25% | 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 | 0.00% | 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 | 15.00% | 0.83% | 343.00% | 15.77% |
BETFX - Distributions
Dividend Yield Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.79% | 0.00% | 17.90% | 59.30% |
Dividend Distribution Analysis
| BETFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| BETFX | Category Low | Category High | BETFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.45% | -2.34% | 13.92% | 33.48% |
Capital Gain Distribution Analysis
| BETFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Semi-Monthly |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 04, 2024 | $0.199 | OrdinaryDividend |
| Dec 04, 2024 | $0.107 | CapitalGainLongTerm |
| Dec 06, 2023 | $0.206 | OrdinaryDividend |
| Dec 06, 2023 | $0.240 | CapitalGainLongTerm |
| Dec 07, 2022 | $0.182 | OrdinaryDividend |
| Dec 07, 2022 | $0.021 | CapitalGainShortTerm |
| Dec 07, 2022 | $0.475 | CapitalGainLongTerm |
| Dec 07, 2021 | $0.164 | OrdinaryDividend |
| Dec 07, 2021 | $0.474 | CapitalGainLongTerm |
| Dec 07, 2020 | $0.217 | OrdinaryDividend |
| Dec 07, 2020 | $0.003 | CapitalGainShortTerm |
| Dec 07, 2020 | $0.136 | CapitalGainLongTerm |
| Dec 08, 2019 | $0.215 | OrdinaryDividend |
| Dec 08, 2019 | $0.007 | CapitalGainShortTerm |
| Dec 08, 2019 | $0.208 | CapitalGainLongTerm |
BETFX - Fund Manager Analysis
Managers
Jared Watts
Start Date
Tenure
Tenure Rank
Apr 30, 2007
15.1
15.1%
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.
Steve Tagarov
Start Date
Tenure
Tenure Rank
Dec 18, 2019
2.45
2.5%
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 | 34.51 | 6.39 | 2.41 |
