Morningstar® Investment Profile™   Morningstar®
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Morningstar Agrsv Gr ETF Asset Allc I
Release date as of 2022-08-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-08-31
Out of 176
Allocation--85%+ Equity Funds
Style Box™
What is this?
As of 2022-08-31
As of 2022-07-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation.
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 ETFs such that 5% of such allocation is invested in ETFs that invest primarily in fixed-income securities and money market instruments and approximately 95% of such allocation is invested in 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. The fund is non-diversified.
  Morningstar Category: Allocation--85%+ Equity
Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These aggressive strategies typically allocate at least 10% to equities of foreign companies and prioritize capital appreciation over preservation. They typically expect volatility similar to a strategic equity exposure of more than 85%. 
  Investment Risks
Non-Diversified Funds: Funds that invest more of their assets in a single issuer involve additional risks, including share price fluctuations, because of the increased concentration of investments.
Fund of Funds: An investment option with mutual funds in its portfolio may be subject to the expenses of those mutual funds in addition to those of the investment option itself.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 62.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 29.9
Bullet Bonds Bonds 3.0
Bullet Cash Cash 3.6
Bullet Other Other 0.6
Asset Allocation Rescaled Graph
Data through 2022-08-31
Morningstar Equity Sectors
% of Stocks
Cyclical 35.86
Basic Materials 4.94
Consumer Cyclical 9.62
Financial Services 17.00
Real Estate 4.30
Sensitive 37.82
Communication Services 4.97
Energy 8.37
Industrials 11.44
Technology 13.04
Defensive 26.30
Consumer Defensive 9.65
Healthcare 12.86
Utilities 3.79
Data through 2022-08-31
Morningstar Fixed-Income Sectors
% Fund
Government 29.99
Corporate 9.35
Securitized 6.71
Municipal 0.20
Cash & Equivalents 53.57
Other 0.18
Data through 2022-08-31
Credit Analysis
% Bonds
AAA 80.62
AA 2.00
A 7.80
BBB 9.61
BB 0.00
B 0.00
Below B 0.00
Not Rated -0.03
Data through 2022-07-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 80.17
Turnover % (as of 2021-12-31) 18.00
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Vanguard Total Stock Market ETF --- USA --- 23,106 16.57
Vanguard FTSE Developed Markets ETF --- USA --- 16,359 11.73
Schwab Fundamental Intl Lg Co ETF --- USA --- 15,754 11.30
iShares Core S&P 500 ETF --- USA --- 15,519 11.13
Vanguard Value ETF --- USA --- 11,138 7.99
iShares Core S&P Mid-Cap ETF --- USA --- 10,078 7.23
Vanguard Small-Cap Value ETF --- USA --- 6,514 4.67
Invesco Optm Yd Dvrs Cdty Stra No K1 ETF --- USA --- 4,706 3.37
Vanguard Small-Cap ETF --- USA --- 4,343 3.11
Vanguard Mid-Cap Value ETF --- USA --- 4,275 3.07
Data through 2022-08-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Nondiversification, Market/Market Volatility, Equity Securities, ETF, Industry and Sector Investing, Underlying Fund/Fund of Funds, Fixed-Income Securities, Shareholder Activity, Conflict of Interest, Management
Show Risk Definitions
  Other Information
Inception Date: 2007-04-30
Portfolio Manager(s)
Jared Watts   (2007-04-30)
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   (2019-12-18)
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.
Investment Advisor(s)
ALPS Advisors Inc
Morningstar Investment Management LLC
Show Data Definitions

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