BLUI vs MFUL: Grades, Fees and Holdings Compared

Bluemonte Diversified Income ETF

BLUICNYSE Arca

Mindful Conservative ETF

MFULCCboe

Overlap

0.0%by weight

Expense ratio

BLUI −0.81pt a year

BLUI0.67%MFUL1.48%

Avg volume · 30D

BLUI 21.8×the volume

BLUI15.7KMFUL719

BLUI vs MFUL Performance

Oct 31, 2025 – Nov 2, 2026

+4.1%BLUI+0.4%MFUL

Expense ratio: BLUI 0.67%, better; MFUL 1.48%
Fund size: BLUI $121M; MFUL $7M
1Y total return: BLUI +4.1%, better; MFUL +0.4%
Yield (12M): BLUI 5.24%, better; MFUL 1.88%
Holdings: BLUI 8; MFUL 18
Avg volume (30D): BLUI 15.7K sh, better; MFUL 719 sh
NAV per share: BLUI $25.14; MFUL $21.91
52W range

ETF.net Grade

Pillar letters and Scores for BLUI, MFUL, with each pillar’s weight
Pillar	BLUI	MFUL
Cost30% weight	C46Higher	F19
Mission25% weight	C50	A76Higher
Risk15% weight	B63Higher	C44
Tradability15% weight	A70Higher	D34
Holdings10% weight	D27	C51Higher
Durability5% weight	B60Higher	C44

Rank among Conservative Allocation funds

How we build Categories ›

Same Category. BLUI 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 ›

BLUI ranks 3rd 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 3CBLUIBluemonte Diversified Income ETFScore 52
Rank 4CXRLXFundX Investment Conservative ETFScore 51
Rank 5CTHRVProspera Income ETFScore 46
Rank 6CMFULMindful Conservative ETFScore 43
Rank 7CBFIXBuild Bond Innovation ETFScore 40

Our read on each fund

ETF.net Research

BLUICBluemonte Diversified Income ETF

MFULCMindful Conservative ETF

In short

BLUI One ticker, one job: Bluemonte's team picks other income ETFs (junk bonds, bank loans, mortgages, REITs, preferreds) and decides the mix. Actively managed since its 2025 launch, with income paid out 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

BLUI The Fund seeks total return and income and is actively managed. Under normal circumstances, it invests at least 80% of its assets in income-generating investments.

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

Why people hold it

BLUI Go-anywhere income mandate: at least 80% of assets in income generators, with the underlying funds free to hold any maturity, any credit quality, plus income-producing equities.sec.gov
A fund of ETFs, so one trade buys a spread of bond and equity-income sleeves instead of a dozen line items you rebalance yourself.sec.gov
Pays income monthly, and the manager can reshape the blend between debt and dividend payers rather than following a fixed index recipe.sec.gov

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

BLUI Costs 0.67% net of a waiver through August 31, 2027, versus 0.72% gross. That sits above the median of the eight funds in its conservative income group.
Fund-of-funds math: the stated expenses carry the fees of the ETFs it owns on top of the manager's fee. Multi-sector rivals CGMS and MULT charge 0.39% in one layer.sec.gov
Launched June 2025 and thinly traded, so there is a short record to judge and spreads can widen. High yield and loan exposure brings credit risk.sec.gov

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 BLUI profile⁠

Full MFUL profile⁠

BLUI vs MFUL Holdings

How BLUI and MFUL differ

Overlap by weight

0.0%

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

Level by level

Holdings0 in both0.0%
Sector11 Sectors9.1%
Countryby domicile91.8%

Sector

Sector weights in BLUI and MFUL, widest gap first
Sector	More in BLUIMore in MFUL	BLUI	MFUL
Real Estate	BLUI +46.9 points	49.2%	2.3%
Energy	BLUI +44.0 points	47.9%	3.9%
Technology	MFUL +27.9 points	0.7%	28.6%
Financials	MFUL +14.6 points	0.0%	14.6%
Industrials	MFUL +11.3 points	0.0%	11.3%
Health Care	MFUL +10.6 points	0.0%	10.6%
Consumer Staples	MFUL +8.0 points	0.0%	8.0%
Communication	MFUL +6.5 points	0.0%	6.5%
Consumer Discretionary	MFUL +6.2 points	0.8%	7.0%
Materials	MFUL +3.9 points	0.0%	3.9%
Utilities	MFUL +1.8 points	1.4%	3.2%

Country, concentration and asset class

Country by domicile

Country weights in BLUI and MFUL, widest gap first
Country	More in BLUIMore in MFUL	BLUI	MFUL
United States	BLUI +8.0 points	98.2%	90.2%
Japan	MFUL +1.1 points	0.0%	1.1%
United Kingdom	MFUL +1.1 points	0.2%	1.3%
Canada	MFUL +0.7 points	0.3%	1.0%
Switzerland	MFUL +0.6 points	0.0%	0.6%
Ireland	MFUL +0.6 points	0.0%	0.6%
Saudi Arabia	MFUL +0.5 points	0.0%	0.5%
Other countries (35)	MFUL +3.5 points	1.3%	4.8%

Concentration

Weight in the 10 largest Holdings

BLUI100.0%
MFUL70.5%

Securities held

BLUI7
MFUL17

Asset class

BLUI: Multi-Asset
MFUL: Multi-Asset

Holdings

Only in BLUI7
In both0
Only in MFUL17

Only in BLUI

7 securities, 99.2% of BLUI by weight

Mfs Active Core Plus Bond19.51%
State Street Spdr Bloombe19.47%
Pimco Active Bon19.37%
C&S Rl Esa Etf10.87%
Global X Mlp Etf10.29%
Ft-Senior Loan9.95%
C&S Pref Ia Etf9.72%

Only in MFUL

17 securities, 98.7% of MFUL by weight

Wisdomtree Floating Rate Treas Wisdomtree Floating Rate Tre13.42%
Spdr Bloomberg Barclays 1-3 Month T-Bill Etf10.50%
Ishares Core Moderate Alloca9.14%
Ishares Short Maturity Bond8.31%
Ishares Core Aggressive Allo4.96%
Spdr Bloomberg Barclays Convertible Securities Etf4.91%
Ishares Core Growth Allocati4.89%
Ishares Edge Msci Usa Qualit4.87%
Ishares Us Treasury Bond Etf4.80%
Schwab Us Large-Cap Etf4.70%
Vanguard Short-Term Bond Etf4.58%
Ishares 5-10Y Inv Grade Corp4.40%
Vaneck Real Assets Etf4.09%
WisdomTree Yield Enhanced U.S. Agg Bond Fund3.98%
Schwab Us Dvd Equity Etf3.86%
Invesco Dividend Achievers ETF3.81%
Vanguard Mega Cap Etf3.47%

Weight gaps

BLUI and MFUL share no securities.

All 7 BLUI 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.

BLUI vs MFUL Cost

Overpaying MFUL vs BLUI

$12,925

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

BLUI 0.67%
$13,074
MFUL 1.48%
$25,999

Amount$10,000

Years30 years

Cost over time

BLUI 0.67%
MFUL 1.48%
Overpaying

Year by year

Year	BLUI	MFUL	Overpaying
10	$1,198	$2,558	$1,360
20	$4,568	$9,408	$4,840
30	$13,074	$25,999	$12,925

Expense ratio

0.67%BLUI, cheaper
1.48%MFUL

BLUI0.67%MFUL1.48%

0.15%1.80%

Middle half of Conservative Allocation funds
Median 0.67%

BLUI 4th cheapest of 7 funds

MFUL 6th cheapest of 7 funds

BLUI vs MFUL Dividends

Last 12 months to Nov 2, 2026

Yield (12M): BLUI 5.24%, better; MFUL 1.88%
Payout (12M): BLUI $1.31; MFUL $0.41
Last payment: BLUI $0.10; MFUL $0.41
Ex-dividend: BLUI Oct 28, 2026; MFUL Dec 16, 2025
Paid on: BLUI Oct 30, 2026; MFUL Dec 17, 2025
Frequency: BLUI Monthly; MFUL Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

BLUIMonthly · 16 paymentsAll BLUI payments⁠

MFULQuarterly · 7 paymentsAll MFUL payments⁠

BLUI vs MFUL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BLUI 4.5%since Jul 2025MFUL 4.4%
Return per unit of riskSharpe ratio, 3 years: BLUI 0.25since Jul 2025MFUL 0.14
Worst fallMax drawdown, 5 years: BLUI −3.7%since Jun 2025MFUL −16.4%since Nov 2021
Market sensitivityBeta, 5 years: BLUI 0.07MFUL 0.47; Market = 1

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