But what do we do about mutual funds? After all, mutual funds don't invest solely in what you think they invest in. How can the DIY investor find out the asset allocation of a mutual fund?
Let's illustrate with an example.
A recent client had stocks, bonds, ETFs and mutual funds. Everything asset-allocation-wise was straightforward except for the mutual funds. The client held $31,700 market value of BlackRock Global Allocation Fund (ticker symbol MALOX), $20,800 First Eagle Global Fund (SGENX), and $31,700 T. Towe Price Emerging Markets Fund (PREMX).
To work up the asset allocation, go to Morningstar's x-ray tool. Simply put in the values as shown.
Scroll down and click "Show Instant X-Ray.: The upper left hand portion of the page gives you the asset allocation as shown:
As you'll see, there is a lot more information on the page. Notice the "Fees and Expenses" section on the left hand side as you scroll down at the site.
Wow, very nice tool. Just tried it out.ReplyDelete
Thanks for posting, DYII
@101 You're welcomeReplyDelete