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Morningstar

Northern Global Tactical Asset Allc BBALX Fund Analysis

Morningstar Analyst Rating
| Quantitative rating as of

Morningstar’s Analysis BBALX

Will BBALX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable BBALX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the BBALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of BBALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Northern Global Tactical Asset Allc’s management team is just average, but a solid investment process still helps this strategy retain its Morningstar Quantitative Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers. The strategy changed its peer group in November, moving to the Allocation--50% to 70% Equity Morningstar Category from the Global Allocation category.

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