Re-balance Cycle Reminder All MyPlanIQ’s newsletters are archived here.

Regular AAC (Asset Allocation Composite), SAA and TAA portfolios are always rebalanced on the first trading day of a month. the next re-balance will be on Monday August 3, 2020.

Please note: As of March 1, 2020, we officially phased out our old rebalance calendar for both SAA and TAA. They are now always rebalanced on the first trading day of a month. 

As a reminder to expert users: advanced portfolios are still re-balanced based on their original re-balance schedules and they are not the same as those used in Strategic and Tactical Asset Allocation (SAA and TAA) portfolios of a plan.

Total Return Bond Funds Update

Morningstar recently announced the winners. for the managers of the year (2020) award. As Morningstar changed its award structure two years ago, the awards are only in the three categories: Outstanding Portfolio Managers, Rising Talent, and Exemplary Stewardship. For any given year, it’s likely there won’t be any award given to a fixed income manager. 

This year, PIMCO’s Mohit Mittal was named to receive Rising Talent award. He is a co-manager of PIMCO Total Return Bond fund (PTTAX). Since this fund is already in our candidate fund lists for total return bond fund portfolios, we will not have any new addition this year. 

Even though the Morningstar’s award is our main criterion for selecting funds for our total return bond fund portfolios, please note that we do occasionally use other discretion to maintain the lists. We believe some extra efforts to add/delete a new fund is warranted: as times goes, old managers may have retired and a fund might have changed dramatically. Similarly, as the Morningstar award is now irregular to choose a fixed income manager, it’s possible that we might be able to find some good funds that are missed in the awards.  

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