ETF Investment Portfolios April 2014

Here are our favorite Exchange Traded Fund – ETF Investment Portfolios for April 2014.

ETF / Fund Name  Allocation% ReturnAllocation
ETF Investing PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market FundMM2%0.00.12%
iShares Barclays 1-3 Year Credit BondCSJSTB8%0.21.18%
PIMCO Total Return ETFBONDITB6%2.0(0.4)6%
PIMCO 1-5 Year US TIPS Index ETFSTPZIPB8%0.1(2.4)8%
iShares Core Total US Bond Market ETFAGGITB6%1.8(0.3)6%
SPDR Barclays High Yield BondJNKHYB3%2.96.73%
SPDR Barclays International Corporate BondIBNDGB4%2.010.64%
PowerShares Emerging Markets Sovereign DebtPCYEB3%4.9(1.7)3%
PowerShares Nasdaq 100QQQLCG3%3.414.23%
SPDR S&P DividendSDYLCV3%1.916.13%
SPDR S&P MidCap 400MDYMCC3%2.920.93%
WisdomTree MidCap EarningsEZMMCC3%2.927.43%
iShares Core S&P Small-Cap ETFIJRSCC3%1.228.03%
WisdomTree SmallCap EarningsEESSCC3%0.129.93%
iShares Russell Microcap IndexIWCMIC2%3.133.32%
iShares MSCI ACWI ex US IndexACWXIntl4%(0.2)11.94%
SPDR S&P International Small CapGWXIntl4%1.014.24%
iShares MSCI Emerging Mkt Min Vol IndexEEMVEE4%(1.8)(3.6)4%
WisdomTree Emerging Mkts Small Cap DivDGSEE2%1.3(6.4)2%
iShares Dow Jones US Real EstateIYRRE6%8.51.36%
ProShares RAFI Long/ShortRALSL/S8%1.05.78%
Cambria Global Tactical ETFGTAAHdg4%2.61.94%
Barclays S&P 500 Dynamic Veqtor ETNVQTHdg4%0.99.04%
GreenHaven Continuous Commodity IndexGCCCom4%9.7(0.1)4%
Portfolio Return / Value100%2.16.9100%
ETF and Mutual Fund PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market FundMM0.00.1
Baird Short-Term BondBSBSXSTB4%0.51.24%
Fidelity Intermediate Government IncFSTGXIGB4%0.8(0.7)4%
iShares Barclays 0-5 Year TIPS BondSTIPIPB4%0.2(2.0)4%
iShares Barclays Intermediate Credit BondCIUITB4%1.50.84%
Metropolitan West Total Return BondMWTRXITB6%1.81.16%
Metropolitan West High Yield BondMWHYXHYB4%2.25.94%
Loomis Sayles Global BondLSGLXGB6%2.40.76%
Eaton Vance Floating Rate **EVBLXFRB4%0.53.14%
Payden Emerging Markets BondPYEWXEB4%3.0(3.8)4%
Dreyfus AppreciationDGAGXLCC2%0.613.72%
PowerShares Nasdaq 100QQQLCG2%3.414.22%
RidgeWorth Large Cap Value EquitySTVTXLCV2%1.622.92%
WisdomTree MidCap EarningsEZMMCC2%2.927.42%
Scout Mid CapUMBMXMCC2%3.126.42%
WisdomTree MidCap DividendDONMCV2%3.921.22%
WisdomTree SmallCap EarningsEESSCC2%0.129.92%
iShares S&P SmallCap 600 GrowthIJTSCG2%0.527.72%
ASTON/Silvercrest Small CapASCTXSCV2%0.521.92%
Westcore Micro Cap OpportunityWTMIXMIC2%0.130.92%
Scout InternationalUMBWXIntl4%(0.8)8.84%
Harding Loevner Intl Small CompanyHLMSXIntl4%3.919.54%
iShares MSCI Emerging Mkt Min Vol IndexEEMVEE4%(1.8)(3.6)4%
WisdomTree Emerging Mkts Small Cap DivDGSEE2%1.3(6.4)2%
iShares Dow Jones US Real EstateIYRRE6%8.51.36%
Merger FundMERFXHdg5%0.53.95%
Robeco Boston Partners L/S ResearchBPRRXL/S5%1.513.95%
Wasatch Long/ShortFMLSXL/S5%0.69.65%
AQR Managed Futures StrategyAQMNXMF5%(6.1)(0.4)5%
Portfolio Return / Value100%1.37.3100%
Easy ETF PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market FundMM4%0.00.12%
iShares Barclays 1-3 Year Credit BondCSJSTB12%0.21.112%
iShares Barclays 0-5 Year TIPS BondSTIPIPB12%0.2(2.0)10%
iShares Barclays Intermediate Credit BondCIUITB12%1.50.816%
SPDR S&P DividendSDYLC6%1.916.16%
PowerShares Nasdaq 100QQQLC6%3.414.26%
WisdomTree MidCap EarningsEZMMC10%2.927.410%
WisdomTree SmallCap EarningsEESSC10%0.129.910%
PowerShares Intl Dividend AchieversPIDIntl10%0.612.010%
iShares MSCI Emerging Mkt Min Vol IndexEEMVEE6%(1.8)(3.6)6%
iShares Dow Jones US Real EstateIYRRE6%8.51.36%
GreenHaven Continuous Commodity IndexGCCMF6%9.7(0.1)6%
Portfolio Return / Value100%1.98.6100%

Mutual Fund Portfolios April 2014

Here are our favorite Mutual Funds Investment Portfolios for April 2014.

Fund Name  Allocation% ReturnAllocation
No Load Mutual Fund PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market FundMM2%0.00.12%
BlackRock Low Duration Bond**BLDAXSTB4%0.61.04%
Managers Intermediate Duration GovtMGIDXIGB4%1.80.64%
American Century Short Dur Infl Prot BondAPOIXIPB4%0.1(2.7)4%
Metropolitan West Total Return BondMWTRXITB4%1.81.14%
Metropolitan West High Yield BondMWHYXHYB4%2.25.94%
SEIX Floating Rate High Income**SAMBXFRB4%1.14.24%
Dreyfus International Bond **DIBAXGB6%2.80.96%
Ashmore Emerging Markets Corp Debt **ECDAXEB4%1.3(1.0)4%
BlackRock Global Long/Short Credit **BGCAXL/S B4%1.23.74%
FMI Large Cap*FMIHXLCC3%2.520.13%
Yacktman Focused*YAFFXLCV3%0.523.53%
Scout Mid CapUMBMXMCC3%3.126.43%
Artisan Mid Cap Value*ARTQXMCV3%1.818.83%
Brown Capital Small Company*BCSIXSCG3%(2.3)27.23%
ASTON/Silvercrest Small CapASCTXSCV3%0.521.93%
Westcore Micro Cap OpportunityWTMIXMIC2%0.130.92%
Scout InternationalUMBWXIntl4%(0.8)8.84%
Harding Loevner Intl Small CompanyHLMSXIntl4%3.919.54%
Driehaus Emerging Markets GrowthDREGXEE4%(0.5)4.04%
Wasatch Frontier Emerging Small CountriesWAFMXEE2%1.911.02%
Neuberger Berman Real EstateNBRFXRE6%7.12.76%
Invesco Balanced-Risk Allocation**ABRZXHdg4%1.41.14%
Merger FundMERFXHdg4%0.53.94%
MainStay Marketfield*MFLDXL/S4%(1.8)9.14%
Wasatch Long/ShortFMLSXL/S4%0.69.64%
AQR Managed Futures StrategyAQMNXMF4%(6.1)(0.4)4%
Portfolio Return / Value100%1.17.9100%
Fidelity Investments PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Cash ReservesFDRXXMM4%0.00.12%
Limited Term BondFJRLXSTB8%0.90.36%
Intermediate GovernmentFSTGXIGB8%0.8(0.7)6%
Inflation Protected BondFINPXIPB8%1.9(6.9)6%
Total BondFTBFXITB6%2.20.96%
High IncomeSPHIXHYB6%2.46.26%
Floating Rate High IncomeFFRHXFRB4%0.93.36%
New Markets IncomeFNMIXEMB6%3.6(1.3)6%
Mega Cap StockFGRTXLCG6%1.623.76%
Low Priced StockFLPSXMCC10%2.024.110%
Small Cap Discovery*FSCRXSCC10%0.520.010%
International GrowthFIGFXIntl6%(1.2)13.58%
International Small CapFISMXISC6%0.022.88%
Real Estate IncomeFRIFXRE6%5.33.88%
Portfolio Return / Value100%1.59.5100%
Easy Mutual Fund PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market FundMM4%1.90.12%
Baird Short-Term BondBSBSXSTB10%0.51.210%
American Century Short Dur Infl Prot BondAPOIXIPB8%0.1(2.7)6%
Metropolitan West Total Return BondMWTRXITB8%1.81.110%
Loomis Sayles Global BondLSGLXGB8%2.40.710%
ASTON/Montag & Caldwell GrowthMCGFXLC10%0.329.110%
Scout Mid CapUMBMXMC10%3.126.410%
ASTON/Silvercrest Small CapASCTXSC10%0.521.910%
Scout InternationalUMBWXIntl10%(0.8)8.810%
Harding Loevner Emerging MarketsHLEMXEE6%0.75.66%
Neuberger Berman Real EstateNBRFXRE6%7.12.76%
Wasatch Long/ShortFMLSXL/S10%0.69.610%
Portfolio Return / Value100%1.310.1100%
Fidelity NTF Mutual Fund PortfolioTickerClass1/1/20143 Mo1 Yr4/1/2014
Money Market Fund (Cash Reserves)FDRXXMM2%0.04,9062%
BlackRock Low Duration Bond**BLDAXSTB4%0.68,3114%
Fidelity Intermediate Government IncFSTGXIGB4%0.88,4694%
American Century Short Dur Infl Prot BondAPOIXIPB4%0.17,9954%
Metropolitan West Total Return BondMWTRXITB4%1.88,1844%
Metropolitan West High Yield BondMWHYXHYB4%2.29,6364%
Fidelity Floating Rate High IncomeFFRHXFRB4%0.98,9744%
Dreyfus International Bond **DIBAXGB6%2.811,5946%
Fidelity New Markets IncomeFNMIXEB4%3.69,9084%
BlackRock Global Long/Short Credit **BGCAXL/S B4%1.28,2184%
FMI Large Cap*FMIHXLCC2%2.55,8572%
Fidelity ContrafundFCNTXLCG2%1.45,9982%
Yacktman Focused*YAFFXLCV2%0.55,3862%
Fidelity Low-Priced StockFLPSXMCC2%2.06,0832%
Scout Mid CapUMBMXMCC2%3.15,0422%
Artisan Mid Cap Value*ARTQXMCV2%1.86,0222%
Fidelity Small Cap Discovery*FSCRXSCC2%0.56,4252%
Wasatch Small Cap Growth*WAAEXSCG2%0.95,7992%
ASTON/Silvercrest Small CapASCTXSCV2%0.54,9582%
Westcore Micro Cap OpportunityWTMIXMIC2%0.16,1692%
Scout InternationalUMBWXIntl4%(0.8)9,4964%
Harding Loevner Intl Small CompanyHLMSXIntl4%3.911,9904%
Driehaus Emerging Markets GrowthDREGXEE4%(0.5)8,0494%
Wasatch Frontier Emerging Small CountriesWAFMXEE2%1.94,4952%
Neuberger Berman Real EstateNBRFXRE6%7.113,0586%
Merger FundMERFXHdg4%0.57,1954%
MainStay Marketfield*MFLDXL/S E6%(1.8)15,8486%
Wasatch Long/ShortFMLSXL/S E6%0.615,1846%
AQR Managed Futures StrategyAQMNXMF4%(6.1)7,3154%
Portfolio Return / Value100%1.2236,562100%
* Funds Closed to New Investors. If you do not already own this fund, you may choose another fund in the same category for your portfolio.
** Loaded funds that are available from some brokers, usually Schwab and sometimes Fidelity, without a load fee.

Asset Allocation for 2nd Quarter 2014

There are no changes to our Insightful Asset Allocation targets for this quarter, but we have made some adjustments to a few of our model portfolios including our Fidelity Investments Model Portfolio, our Easy Mutual Fund Portfolio, and our Easy ETF Portfolio. We have also made several changes to the Mutual Funds we are using in some of our model portfolios. In some cases this was due to fund closings while in other cases it was because funds were no longer available at  multiple brokerages.  Another significant change to the funds in our portfolios is to only show open funds in the Easy Mutual Fund Portfolio and the ETF and Mutual Fund Portfolio. If you are already invested in these funds you do not have to replace them unless you see a fund on our lists that you like better. This should be of help to any new subscribers.

We are making wholesale changes to our group of Short Term Bond funds in order to get a better income profile by replacing them with Fidelity Limited Term Bond (FJRLX), Baird Short-Term Bond (BSBSX), and BlackRock Low Duration Bond (BLDAX).

Looking over our list of Small Cap funds we found that all of our favorites had closed, so we have added some new mutual funds to our list Glenmede Small Cap Equity (GTCSX), Hodges Small Cap (HDPSX)Rice Hall James Small Cap (RHJMX), ASTON/Silvercrest Small Cap (ASCTX), and Driehaus Emerging Markets Small Cap (DRESX).

Asset Allocation April 2014

Mutual Fund, ETF, and Financial Markets Update April 2014

The political turmoil in the Ukraine and signals from the FED that they may begin to raise rates sooner than previously thought, led to a jump in volatility for financial markets in the first quarter of 2014. In spite of this, the Barclay’s Aggregate Bond Index and the S&P 500 were both up 1.8% over the past three months. That being said, there was a change in the winds to start the new year as stock investors pushed up value stocks while taking down the 2013 market leading growth stocks. While value stocks were up 2.3% for the month, growth stocks were actually down (1.1%) in March which resulted in a 2.9% gain in value stocks for the quarter, while growth stock returns were only 1.1%. The big winner for the quarter was REITs with a gain of 9.9%, while the big surprise was a 7.1% gain for Long Treasury Bonds. The only loser on our index list was Emerging Equities which fell slightly by losing (0.4%).

Investment Returns as of March 2014

Investment Returns as of March 2014

The best performing Bond categories were those that had a difficult 2013 as both Loomis Sayles Core Plus Bond (NERYX) and Fidelity New Markets Income (FNMIX) were both up 3.6%. Other strong results came from Dreyfus International Bond (DIBAX) which gained 2.8% and Fidelity High Income (SPHIX) which rose 2.4%

Sector funds led the way in Equities as Cohen & Steers Realty Shares (CSRSX) spiked up 9.7% in the first quarter of 2014 while Oppenheimer SteelPath MLP Alpha (MLPAX) added 4.6%. Domestically, value funds performed the best as American Century Mid Cap Value (ACMVX) gained 4.0%, Heartland Value Plus (HRVIX) rose 3.1% and FMI Large Cap (FMIHX) returned 2.5%.  In contrast to the US, Small Cap stocks outperformed overseas as Harding Loevner International Small Company (HLMSX) gained 3.9% while Harding Loevner Emerging Markets (HLEMX) bucked the trend in Emerging markets by staying positive with a 0.7% return. On the down side, volatility once again hammered Managed Futures as our best performing fund in that space over the last few years, AQR Managed Futures Strategy (AQMNX) lost (6.1%), while Wasatch Emerging Markets Small Cap (WAEMX) fell (3.0%).

ETF returns highlight a change of character in financial markets in the new year. iShares Barclays 20+ Year Treasury Bond (TLT) gained 7.6% while PowerShares Emerging Markets Sovereign Debt (PCY) rose 4.9% and iShares S&P MidCap 400 Value Index (IJJ) picked up 4.0%. Other strong performers were PowerShares Nasdaq 100 (QQQ) which rose 3.4% and iShares Russell Microcap Index (IWC) which was up 3.1%. Turn around stories topped the international charts as iShares MSCI Australia Index (EWA) gained 6.2% and iShares MSCI Brazil Index (EWZ) returned 0.8%.

A big contrast between 2013 and the first quarter of 2014 can be seen in Sector ETFs. PowerShares DB Agriculture (DBA) was up a surprising 16.8% while Utilities Select Sector SPDR (XLU) picked up 10.1%. On the other hand, early warning signs of trouble come from two ETFs that had positive quarters, but were hammered in March. SPDR S&P Biotech (XBI), a high flyer in 2013 collapsed (12.8%) for the month while iShares Silver Trust (SLV) dropped (6.4%).

Our Favorite Mutual Funds, Favorite ETFs, Mutual Fund Portfolios, ETF Investment Portfolios, and Favorite Fidelity Funds have been updated through March 2014.