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Portfolio Review tool @ Scottrade from M*

VintageFreakVintageFreak
edited September 2014 in Fund Discussions
This has go to be a joke. I have a bunch of balanced/global allocation funds in my Scottrade IRA, and a smattering of closed funds I haven't sold (FMIMX, YACKX, GPROX, OAKIX). My portfolio says I'm 30% equities, 16% fixed income, 16% cash and 37% "Other". Makes no sense.

It would seem "Global Allocation" classification from M* lands corresponding fund in "Other" category during Portfolio Analysis. One would think it would look at fund and total up equities, bonds, etc., but no.They all go to other. GPGOX is other. ICMBX is other. WTF !?!?!?

Comments

  • JohnChisum
    I have tried some other portfolio analysis tools and came up with the same kind of results. Some funds are "other" when the tool doesn't have the classification it needs. ARYVX (Global Real Estate) is a usual culprit. They probably work well if you have a bunch of index funds.
  • VintageFreakVintageFreak
    edited September 2014
    JohnChisum said:

    I have tried some other portfolio analysis tools and came up with the same kind of results. Some funds are "other" when the tool doesn't have the classification it needs. ARYVX (Global Real Estate) is a usual culprit. They probably work well if you have a bunch of index funds.

    So basically unless I have Fidelity Large Cap, TRP Mid Cap and Vanguard Small Cap, it is pretty much useless. Serves me right for trying to use M*
  • ibartman
    edited September 2014
    FWIW ... on the T Rowe Price M* Tool, GPGOX looks like this in the Portfolio Manager:

    Cash ............. 2.95
    US Stk ..........31.85
    Non US Stk ...64.81
    Other ............ 0.40
    TOTAL ....... 100.00

    Which agrees with M*'s "mothership" site.
  • MarkMark
    I always get a laugh when I use any tool on the Scottrade website no matter from whom or where it originates. Check out the listing you get when you look to see the industry peers for nearly any individual equity listing or comparable funds when researching mutual funds. A sorry state indeed in this day and age but then Scottrade never promised a rose garden.
  • Old_JoeOld_Joe
    You may not always get what you do pay for, but you surely never get what you don't pay for.
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