Morningstar Balanced ETF Asset Allocation Portfolio
Morningstar Balanced ETF Asset Allocation Portfolio
1Q23 Portfolio Commentary
Explore a deep dive review of performance, portfolio positioning, economic and market overviews from March 2023.
The Morningstar Balanced ETF Asset Allocation Portfolio seeks to provide investors with capital appreciation and some current income.
The Portfolio seeks to achieve its objective by investing in exchange-traded funds (ETFs) that invest primarily in equity securities of large, medium and small sized companies. A smaller portion of the Portfolio is invested in ETFs that invest primarily in fixed-income and money market securities.
Variable Insurance Trust
Balanced Blended Benchmark (60% Equity)
|Ticker||CUSIP||ISIN||Net Assets as of
Performance and Fees
Performance data quoted represents past performance. Past performance is no guarantee of future results so that shares, when redeemed, may be worth more or less than their original cost. The investment return and principal value will fluctuate. Current performance may be higher or lower than the performance quoted.
The performance shown does not reflect the impact of costs associated with variable contracts, qualified pension and retirement plans or registered and unregistered separate accounts which, when deducted, will reduce the return figures quoted.
Fund inception date: 04/30/2007
Effective 04/28/2023, the Morningstar US Market Extended Index replaced the Russell 3000 Index as a component of the Fund’s primary benchmark.
Balanced Blended Benchmark - 1 (60% Equity): a blended benchmark consisting of 42% Morningstar US Market Extended Index – TR / 18% Morningstar Global Markets ex-US Index – NR / 32% Bloomberg US Universal Index – TR / 6% FTSE WGBI Non-USD Index / 2% ICE BofAML Treasury 3 Month Index – TR.
Balanced Blended Benchmark - 2 (60% Equity): a blended benchmark consisting of 42% Russell 3000 Index – TR / 18% Morningstar Global Markets ex-US Index – NR / 32% Bloomberg US Universal Index – TR / 6% FTSE WGBI Non-USD Index / 2% ICE BofAML Treasury 3 Month Index – TR.
One may not invest directly in an index.
$10,000 Hypothetical Investment
The chart above represents the total return historical performance of a hypothetical investment of $10,000 in the Fund over the life of the Fund. Performance calculations are as of the end of each month. Past performance is no guarantee of future results. This chart does not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares.
^ What You Pay reflects the Adviser’s and Sub-Adviser's decision to contractually limit expenses through 04/29/2024. Please see the prospectus for additional information.
Facts and Characteristics
For the 3 years ending
|Fund vs Index1|
- Top Five Holdings
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Funds Related to BETFX
Shares of the Portfolio are only offered to participating insurance companies and their separate accounts to fund the benefits of variable annuity contracts and variable life insurance policies. Shares of the Portfolio also may be used as investment vehicles for qualified pension and retirement plans and certain registered and unregistered separate accounts.
The Morningstar ETF Asset Allocation Portfolio Series are not exchange-traded funds (ETFs), instead, they consist of five risk-based asset allocation portfolios that invest in underlying ETFs, which are typically open-end investment companies or unit investment trusts.
The Portfolio allocates investments among multiple ETF asset classes including: US equity, fixed income, real estate and international ETFs. Asset allocation does not assure a profit or protect against down markets. The stocks of smaller companies are subject to above-average market price fluctuations. There are specific risks associated with international investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices and rapid changes in political and economic conditions. Real estate investments are subject to specific risks, such as risks related to general and local economic conditions and risks related to individual properties. Fixed income securities are subject to interest rate risk, prepayment risk and market risk. Commodity trading is highly speculative and involves a high degree of risk.
ALPS Portfolio Solutions Distributor, Inc. does not distribute the underlying ETFs within the Portfolio.
© Morningstar Investment Management, LLC. All rights reserved. Morningstar Investment Management, LLC is a registered investment adviser and a subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc.
The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in mutual funds generally or in the Fund in particular or the ability of the Morningstar Index Data to track general mutual fund market performance.
THE MORNINGSTAR ENTITIES DO NOT GUARANTEE THE ACCURACY AND/OR THE COMPLETENESS OF THE MORNINGSTAR INDEX DATA OR ANY DATA INCLUDED THEREIN AND MORNINGSTAR ENTITIES SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN.
ALPS Advisors, Inc. is the investment adviser to the Portfolio and Morningstar Investment Management, LLC is the investment sub-adviser to the Portfolio. ALPS Advisors, Inc. and ALPS Portfolio Solutions Distributor, Inc., affiliated entities, are unaffiliated with Morningstar Investment Management, LLC.
ALPS Portfolio Solutions Distributor, Inc. is the distributor for the Portfolio.