About the Editor
Samuel Lee is an ETF strategist for Morningstar and editor of Morningstar ETFInvestor, a monthly investment newsletter. Prior to becoming editor, Lee was a fund analyst on Morningstar's passive funds research team, where he covered alternative, dividend, and actively managed ETFs and performed quantitative modeling of ETF strategies.

Lee joined Morningstar in 2008 as a data analyst, where he evaluated ways to measure and improve the firm's data quality.

Lee holds a bachelor's degree in economics, with honors, from Grinnell College.


Investment Strategy
Morningstar ETFInvestor scans the globe for value and improving fundamentals across virtually all asset classes. Editor Samuel Lee draws upon academic and practitioner research — including Morningstar's sizeable bench of stock, bond and fund analysts — to find reliable drivers of outperformance.

Morningstar ETFInvestor features two real-money portfolios.

The ETF Income Portfolio assembles a high-quality collection of income-generating ETFs with the goal of earning 5% in excess of the 30-day T-bill rate over a full business cycle. The portfolio adheres to a benchmark-agnostic strategy in its search for absolute returns.

The ETF Global Asset Allocation Portfolio, on the other hand, is more benchmark sensitive. It seeks undervalued asset classes with improving fundamentals. The strategy seeks to beat the 60/40 MSCI ACWI/Barclays US Aggregate benchmark over a full business cycle, with the least risk possible.

 
 
Apr 18, 2015
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About Editor Editor's Photo
Samuel Lee,
Editor, Morningstar ETFInvestor
Samuel Lee is an ETF strategist for Morningstar and editor of Morningstar ETFInvestor, a monthly investment newsletter. Prior to becoming editor, Lee was a fund analyst on Morningstar's
Featured Posts
New Issue: My Biggest Mistake
The April issue of ETFInvestor is now available for download.

I’m sad to say this is my penultimate issue. In the cover article, I examine my biggest mistake during my tenure as editor of the ETFInvestor. It’s a whopper. I also propose a solution.

Also in this issue:

-  Activist hedge fund Ironsides is waging a proxy contest against PIMCO Dynamic Credit Income’s PCI board of trustees. Whom should you vote for?

- Why WisdomTree Europe Hedged Equity HEDJ is attractive, but why I won’t be buying it for the portfolios.

- What is the “ideal” fund?

- An analysis of SPDR Doubleline Total Return Tactical TOTL.

- My colleague Tom Boccellari’s take on Vanguard Mortgage-Backed Securities VMBS.

- Alex Bryan investigates why the Russell 2000 is a terrible index.

- A rehash: An examination of Warren Buffett’s multidisciplinary approach.

You can download the issue at http://etf.morningstar.com/newsletter.aspx

Regards,
Samuel Lee
Strategist
Editor, Morningstar ETFInvestor
Portfolio Holdings
Income Portfolio
ETF
YTD Ret %
Price $
3.0
110.5
CASH$
N/A
1.0
9.1
61.8
9.9
67.8
1.8
11.6
1.1
20.8
-3.9
29.6
-0.8
39.5
-2.4
24.1
Global Asset Allocation Portfolio
ETF
YTD Ret %
Price $
3.0
110.5
CASH$
N/A
1.0
9.1
61.8
0.6
20.8
-3.9
29.6
-0.8
39.5
8.3
41.0
-1.2
80.2
-2.4
24.1
Most Popular ETFs
ETF Name
YTD Rtn %
3 Yr Rtn %
Trading Vol.
NASDAQ 100 Trust Shares
-10.76
1.45
125,000,944
SPDRs
-3.64
2.68
87,466,496
Semiconductor HOLDRs
-6.23
-11.66
26,838,700
iShares MSCI Japan Index
-6.59
7.18
17,256,500
iShares Russell 2000 Index
-7.46
6.43
16,210,700
Energy Select Sector SPDR
15.88
15.50
14,900,000
Financial Select Sector SPDR
-8.42
2.61
11,612,800
DIAMONDS Trust, Series 1
-3.75
2.21
7,350,600
Utilities Select Sector SPDR
6.84
6.82
3,848,200
Materials Select Sector SPDR
-4.31
8.50
2,179,300
 
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