Morningstar® Investment Profile™   Morningstar®
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Morningstar Balanced ETF Asset Allc II  BETFX
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 684
Moderate Allocation Funds
Style Box™
What is this?
As of 2024-03-31
As of 2024-03-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation and some current income.
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 40% of such allocation is invested in ETFs that invest primarily in fixed-income securities and money market instruments and approximately 60% 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. It is non-diversified.
  Morningstar Category: Moderate Allocation
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 moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%. 
  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 42.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 19.1
Bullet Bonds Bonds 36.4
Bullet Cash Cash 2.5
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 35.27
Basic Materials 4.94
Consumer Cyclical 11.02
Financial Services 16.41
Real Estate 2.90
Sensitive 45.47
Communication Services 6.80
Energy 5.88
Industrials 11.81
Technology 20.98
Defensive 19.27
Consumer Defensive 6.26
Healthcare 10.22
Utilities 2.79
Data through 2024-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 51.04
Corporate 31.39
Securitized 15.21
Municipal 0.28
Cash & Equivalents 2.04
Derivative 0.04
Data through 2024-03-31
Credit Analysis
% Bonds
AAA 62.19
AA 5.23
A 11.52
BBB 12.69
BB 4.01
B 2.64
Below B 0.88
Not Rated 0.85
Data through 2024-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 83.03
Turnover % (as of 2023-12-31) 35.00
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Vanguard Total Bond Market ETF --- USA --- 28,936 17.92
Vanguard Total Stock Market ETF --- USA --- 22,992 14.24
iShares Core S&P 500 ETF --- USA --- 18,255 11.31
Vanguard Short-Term Bond ETF --- USA --- 14,078 8.72
Schwab Fundamental Intl Lg Co ETF --- USA --- 13,228 8.19
Schwab Fundamental US Large Company ETF --- USA --- 10,122 6.27
Vanguard FTSE Developed Markets ETF --- USA --- 9,831 6.09
iShares Core S&P Mid-Cap ETF --- USA --- 7,555 4.68
Vanguard Value ETF --- USA --- 5,109 3.16
iShares Broad USD High Yield Corp Bd ETF --- USA --- 3,955 2.45
Data through 2024-03-31
  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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