LifeGoal Investments, a newly formed investment adviser, has entered the ETF arena with the launch of five actively managed multi-asset funds on NYSE Arca.
LifeGoal ETFs are tailored to help investors accomplish specific life objectives such as buying a house.
Three of the ETFs are tailored to help investors accomplish specific life objectives such as buying a house, saving for a vacation, or raising children. The remaining two funds are designed as more traditional asset allocation ETFs that are targeted at investors with conservative or aggressive risk tolerances.
Each ETF invests primarily in a mix of equities (developed and emerging markets), fixed income (Treasuries, inflation-protected debt, investment-grade corporate bonds, and high yield corporate bonds), and commodities. Exposure to these asset classes is typically obtained through third-party ETFs.
The ETFs also allocate a small portion of their portfolios (1-2%) to crypto-assets such as bitcoin and ethereum.
The ETFs
The LifeGoal Homeowner Investment ETF (HOM US) allocates 50-95% of its assets to fixed income, 5-35% to equities, and 0-15% to commodities. In an effort to help offset any increase in housing costs, the ETF will maintain modest exposure to companies operating in the furniture, appliances, home builders, and lumber industries. The fund comes with a net expense ratio of 0.44%. Its gross expense ratio is 0.87%.
The LifeGoal Vacation Investment ETF (SUNY US) allocates 70-95% of its assets to fixed income, 0-15% to equities, and 0-15% to commodities. In an effort to help offset any increase in the costs of vacations, the ETF will maintain modest exposure to companies operating in the airline, hotel, and lodging industries. The fund comes with a net expense ratio of 0.29%. Its gross expense ratio is 0.72%.
The LifeGoal Children Investment ETF (CHLD US) allocates 50-95% of its assets to fixed income, 5-35% to equities, and 0-15% to commodities. In an effort to help offset any increase in the costs of raising children, the ETF will maintain modest exposure to companies in child-related clothing, food, and entertainment industries. The fund comes with a net expense ratio of 0.44%. Its gross expense ratio is 0.87%.
The LifeGoal General Conservative Investment ETF (SAVN US) allocates 70-95% of its assets to fixed income, 0-15% to equities, and 0-15% to commodities. The fund comes with a net expense ratio of 0.39%. Its gross expense ratio is 0.82%.
The LifeGoal Wealth Builder ETF (WLTH US) allocates 25-90% of its assets to equities, 5-50% to fixed income, and 0-15% to commodities. The fund comes with a net expense ratio of 0.49%. Its gross expense ratio is 0.86%.
Each ETF’s expense ratio is currently lowered due to fee waivers in place until at least October 2022.