AOK vs MFUL: Grades, Fees and Holdings Compared

iShares Core 30/70 Conservative Allocation ETF

AOKANYSE Arca

Mindful Conservative ETF

MFULCCboe

Overlap

0.0%by weight

Expense ratio

AOK −1.33pt a year

AOK0.15%MFUL1.48%

Avg volume · 30D

AOK 270.4×the volume

AOK194KMFUL719

3Y return · a year

AOK +5.4pt

AOK+10.5%MFUL+5.1%

AOK vs MFUL Performance

Oct 31, 2025 – Oct 30, 2026

+3.8%AOK+0.6%MFUL

Expense ratio: AOK 0.15%, better; MFUL 1.48%
Fund size: AOK $852M; MFUL $7M
1Y total return: AOK +3.8%, better; MFUL +0.6%
Yield (12M): AOK 3.50%, better; MFUL 1.87%
Holdings: AOK 34238; MFUL 18
Avg volume (30D): AOK 194K sh, better; MFUL 719 sh
NAV per share: AOK $40.58; MFUL $22.05
52W range

ETF.net Grade

Pillar letters and Scores for AOK, MFUL, with each pillar’s weight
Pillar	AOK	MFUL
Cost30% weight	A92Higher	F19
Mission25% weight	A100Higher	A76
Risk15% weight	B57Higher	C44
Tradability15% weight	A86Higher	D34
Holdings10% weight	A76Higher	C51
Durability5% weight	A88Higher	C44

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. AOK and MFUL are both graded against the same 7 Conservative Allocation funds, so their Grades compare head to head.

Conservative Allocation⁠

Category · 7 funds

See all 7 ›

AOK ranks 1st and MFUL 6th of 7 funds in the Conservative Allocation Category.

Rank 1AAOKiShares Core 30/70 Conservative Allocation ETFScore 86
Rank 2ACGMSCapital Group U.S. Multi-Sector Income ETFScore 76
Rank 5CTHRVProspera Income ETFScore 46
Rank 6CMFULMindful Conservative ETFScore 43
Rank 7CBFIXBuild Bond Innovation ETFScore 40

Our read on each fund

ETF.net Research

AOKAiShares Core 30/70 Conservative Allocation ETF

MFULCMindful Conservative ETF

In short

AOK One ticker, one conservative portfolio. Since 2008 AOK has tracked S&P's target-risk index built to hold 30% stocks and 70% bonds, using a handful of iShares funds underneath, and it pays monthly.

MFUL Most conservative allocation funds ride out the storm. MFUL's signals can shift up to the entire portfolio into cash or money-market ETFs instead. A 2021-vintage, tactical fund-of-ETFs at 1.48%, no waiver.

Stated mandate

AOK The fund seeks diversified exposure through equity and fixed-income ETFs to represent a conservative target-risk allocation, with greater emphasis on income and capital preservation.

MFUL The Fund seeks current income and is positioned for conservative investors who can tolerate only limited pricing volatility.

Why people hold it

AOK 0.15% net of a waiver through November 30, 2026 (0.20% gross), below the typical fee here and a fraction of active rivals like CGMS at 0.39% or XRLX at 1.20%.
The split is rules, not hunches: S&P sets 70% bonds, 30% stocks and resets the mix annually. AOK follows it closely, one of the stronger builds in its peer group.spglobal.com
One trade buys a stack of iShares blocks: core US bonds, international bonds, US and foreign stocks. No rebalancing spreadsheet, one line on the statement, monthly payouts.ishares.com
Trading since November 2008, making it one of the original target-risk ETFs, with the same rules-based mandate throughout.ishares.com

MFUL Its documents let the trend technology move up to the entire portfolio to cash or money-market ETFs during an unexpected market event. Few conservative allocators go that far.sec.gov mohrfunds.com
Built tight on purpose: roughly 10 to 20 positions, mostly asset-class-representative ETFs, so every line is a real allocation call, not a rounding error.sec.gov
The label is the mandate: current income for investors who can tolerate only limited pricing volatility, and the portfolio has stayed inside that brief.mohrfunds.com

Worth knowing

AOK Roughly 70% of the portfolio sits in bonds, so interest-rate moves, not the stock market, do most of the driving.spglobal.com
Equity exposure is held near 30% by design, so stock rallies reach this portfolio diluted. That is the trade for the income-and-preservation tilt.spglobal.com
The 0.15% is net of a waiver that ends November 30, 2026; gross is 0.20%, so the posted fee steps up if iShares does not extend it.

MFUL At 1.48% with no waiver, it sits above the median of this eight-fund category. XRLX, the next priciest listed peer, charges 1.20%.
Small and thinly traded, so spreads and order type matter more here than in a giant allocation ETF.
Trend signals cut both ways: a move to cash helps only if the trend persists, and the timing of re-entry is part of the mechanism.sec.gov

Full AOK profile⁠

Full MFUL profile⁠

AOK vs MFUL Holdings

How AOK and MFUL differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of AOK and 0.0% of MFUL.

Level by level

Holdings0 in both0.0%
Countryby domicile85.3%
Sector11 Sectors93.0%

Sector

Sector weights in AOK and MFUL, widest gap first
Sector	More in AOKMore in MFUL	AOK	MFUL
Consumer Staples	MFUL +3.5 points	4.5%	8.0%
Technology	AOK +3.0 points	31.6%	28.6%
Health Care	MFUL +2.1 points	8.5%	10.6%
Financials	AOK +1.5 points	16.1%	14.6%
Consumer Discretionary	AOK +1.4 points	8.3%	7.0%
Communication	AOK +1.0 points	7.5%	6.5%
Utilities	MFUL +0.9 points	2.3%	3.2%
Industrials	MFUL +0.3 points	11.0%	11.3%
Real Estate	MFUL +0.1 points	2.1%	2.3%
Energy	AOK +0.2 points	4.1%	3.9%
Materials	Same weight	3.9%	3.9%

Country, concentration and asset class

Country by domicile

Country weights in AOK and MFUL, widest gap first
Country	More in AOKMore in MFUL	AOK	MFUL
United States	MFUL +11.1 points	79.1%	90.2%
Japan	AOK +2.9 points	4.0%	1.1%
China	AOK +2.8 points	3.3%	0.5%
Canada	AOK +1.8 points	2.8%	1.0%
France	AOK +1.6 points	2.1%	0.5%
United Kingdom	AOK +1.6 points	2.9%	1.3%
Germany	AOK +1.4 points	2.0%	0.6%
South Korea	AOK +0.9 points	1.2%	0.3%
Other countries (34)	MFUL +2.1 points	2.6%	4.7%

Concentration

Weight in the 10 largest Holdings

AOK8.9%
MFUL70.3%

Securities held

AOK34,149
MFUL17

Asset class

AOK: Multi-Asset
MFUL: Multi-Asset

Holdings

Only in AOK34,149
In both0
Only in MFUL17

Only in AOK

34,149 securities, 99.4% of AOK by weight

Apple1.31%
NVIDIA1.29%
Microsoft1.01%
Amazon.com Inc0.61%
Taiwan Semiconductor Manufacturing0.44%
Alphabet Class A0.43%
Broadcom Inc0.40%
Meta Platforms Class A0.35%
Alphabet Class C0.34%
Treasury Note 4.63% 02/15/2035 (Tnote)0.30%
Eli Lilly0.29%
Tesla Inc0.29%
Berkshire Hathaway Inc Class B0.26%
Micron Technology0.26%
Treasury Note 4.00% 11/15/2035 (Tnote)0.25%
Treasury Note 4.25% 08/15/2035 (Tnote)0.25%
JPMorgan Chase & Co0.23%
Treasury Note 1.88% 02/15/2032 (Tnote)0.23%
Umbs 15YR Tba(Reg B) 2.00% 11/17/2026 (UM15)0.22%
Treasury Note 4.13% 05/31/2031 (Tnote)0.22%
Advanced Micro Devices0.21%
Treasury Note (2OLD) 4.13% 02/15/2036 (Tnote)0.21%
Treasury Note (Old) 5.00% 09/30/2031 (Tnote)0.21%
Umbs 30YR Tba(Reg A) 5.50% 11/12/2026 (UM30)0.20%
Exxonmobil Holdings Corp0.20%
Treasury Note (Old) 4.38% 05/15/2036 (Tnote)0.20%
Treasury Note 4.25% 11/15/2034 (Tnote)0.20%
Treasury Note (2OLD) 4.13% 08/31/2028 (Tnote)0.20%
Treasury Note 4.25% 05/15/2035 (Tnote)0.20%
Treasury Note 1.25% 09/30/2028 (Tnote)0.19%
Samsung Electronics Ltd0.19%
Treasury Note 3.88% 08/15/2034 (Tnote)0.19%
Treasury Note 4.38% 12/31/2029 (Tnote)0.19%
Treasury Note 4.63% 09/30/2028 (Tnote)0.19%
Treasury Note 4.13% 06/30/2031 (Tnote)0.19%
Treasury Note (Otr) 4.63% 08/15/2036 (Tnote)0.19%
Treasury Note 1.38% 11/15/2031 (Tnote)0.19%
Treasury Note 4.00% 07/31/2029 (Tnote)0.19%
Visa Class A0.18%
Treasury Note 4.00% 02/15/2034 (Tnote)0.18%
Treasury Note 4.38% 05/15/2034 (Tnote)0.18%
Asml Holding0.18%
Treasury Note 3.50% 09/30/2029 (Tnote)0.18%
Umbs 30YR Tba(Reg A) 2.00% 11/12/2026 (UM30)0.17%
Johnson & Johnson0.17%
Treasury Note 2.75% 08/15/2032 (Tnote)0.17%
Treasury Note 3.38% 09/15/2028 (Tnote)0.16%
Treasury Note 4.50% 11/15/2033 (Tnote)0.16%
Treasury Note 4.63% 04/30/2029 (Tnote)0.16%
Treasury Note 3.50% 10/15/2028 (Tnote)0.16%

Only in MFUL

17 securities, 98.6% of MFUL by weight

Wisdomtree Floating Rate Treas Wisdomtree Floating Rate Tre13.32%
Spdr Bloomberg Barclays 1-3 Month T-Bill Etf10.42%
Ishares Core Moderate Alloca9.13%
Ishares Short Maturity Bond8.24%
Ishares Core Aggressive Allo4.99%
Spdr Bloomberg Barclays Convertible Securities Etf4.97%
Ishares Core Growth Allocati4.89%
Ishares Edge Msci Usa Qualit4.88%
Schwab Us Large-Cap Etf4.75%
Ishares Us Treasury Bond Etf4.75%
Vanguard Short-Term Bond Etf4.54%
Ishares 5-10Y Inv Grade Corp4.36%
Vaneck Real Assets Etf4.13%
Vanguard Mega Cap Growth Etf3.98%
Ishares Cmbs Etf3.92%
Invesco Dividend Achievers ETF3.80%
Vanguard Mega Cap Etf3.51%

Weight gaps

AOK and MFUL share no securities.

All AOK holdings⁠All 18 MFUL holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AOK vs MFUL Cost

Overpaying MFUL vs AOK

$22,862

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

AOK 0.15%
$3,137
MFUL 1.48%
$25,999

Amount$10,000

Years30 years

Cost over time

AOK 0.15%
MFUL 1.48%
Overpaying

Year by year

Year	AOK	MFUL	Overpaying
10	$274	$2,558	$2,284
20	$1,071	$9,408	$8,337
30	$3,137	$25,999	$22,862

Expense ratio

0.15%AOK, cheaper
1.48%MFUL

AOK0.15%MFUL1.48%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

AOK cheapest of 7 funds

MFUL 6th cheapest of 7 funds

AOK vs MFUL Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AOK 3.50%, better; MFUL 1.87%
Payout (12M): AOK $1.42; MFUL $0.41
Last payment: AOK $0.13; MFUL $0.41
Ex-dividend: AOK Oct 2, 2026; MFUL Dec 16, 2025
Paid on: AOK Oct 7, 2026; MFUL Dec 17, 2025
Frequency: AOK Monthly; MFUL Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

AOKMonthly · 45 paymentsAll AOK payments⁠

MFULQuarterly · 7 paymentsAll MFUL payments⁠

AOK vs MFUL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AOK 6.2%MFUL 4.4%, better
Return per unit of riskSharpe ratio, 3 years: AOK 0.93, betterMFUL 0.14
Worst fallMax drawdown, 5 years: AOK −18.9%MFUL −16.4%since Nov 2021
Market sensitivityBeta, 5 years: AOK 0.69MFUL 0.47; Market = 1

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