The Markets April 25, 2007

XTF Introduces Mutual Fund Portfolios

XTF has introduced nine new ETF-based mutual fund portfolios, available with four pricing models, targeted for the 401(k) market and retail advisers.
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According to an announcement from the asset manager, the new portfolios will be provided both through advisers and companies serving qualified retirement plans that will offer the funds on their platforms. The portfolios include: three tactical asset allocation portfolios – conservative, moderate and aggressive; four target date portfolios from 2010 – 2040+; a Country Rotation Portfolio, and a Sector Rotation Portfolio.

The three tactical risk-based portfolios – Conservative, Moderate and Aggressive – have equity exposures of 40%, 60% and 80%, respectively. The four target date portfolios – ETF 2010, ETF 2020, ETF 2030 and ETF 2040+ – are reallocated among assets annually, gradually reducing equity exposure as investors approach and enter their retirement years, XTF said.

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The Country and Sector Rotation Portfolios invest in ETFs based on specific countries and industry sectors. XTF models each country or sector independently, compares its risk/reward profile to an equivalent investment in intermediate-term U.S. Treasuries, and invests in whichever is more favorable.

The new funds will be offered based on the following pricing models:

  • Class I for the institutional market: 69 bps total;
  • Class A: includes a 12(b)1 fee of 25 bps;
  • Class R for the 401(k) market: includes a 50 bps 12(b)1 fee;
  • Class C: includes a 1% CDSC over time to the investor.

More information can be found at www.xtf.com.

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