“Other” in Fido’s analytics tool?

Comments

• Baseball_Fan

  September 1

  @hank...see my other post re Kotlikoff...give the link a read and see what ya think...
• msf

  September 1 edited September 1

  Fidelity is repeating what M* reports. You can see what info Fidelity has about each holding in your portfolio by clicking on "Learn more about your asset allocation" under the asset allocation ring in the upper left of the "analysis" page.
  
  "Short term" is what M* calls "cash".
  "Other" on the analysis page appears to be a combination of what M* calls "other" and "unknown".
  
  On the per holding detail page ("learn more ..."), Fidelity's "other" is further decomposed into:
  - "other" (what M* calls "other"), and
  - "convertibles" and "preferreds" which M* seems to call "unknown".
  
  By looking at the Fidelity analysis detail page you can see which holdings have "other" assets. They should match the M* "other" holdings.
  
  In my case, I've only one holding where M* shows "other" (as opposed to "unknown"). There, M* says that "other" is comprised of "aggregate miscellaneous equity", whatever that means. This info comes from the "holdings" section at the bottom of the M* portfolio page for the fund. Click on "other".
  
  Lotsa luck.
• MikeM

  September 2 edited September 2

  My Schwab portfolio analysis lists about 20% other for me also. I suppose this is analyzed like Fidelity, given msf's comment that it repeats M* data. For me, I hold 2 hedged funds, JHQAX and PHEFX, that makes up a hefty 14% of that 20%. The rest of the 'other' is between the multi-asset "black box" BLNDX and my gold ETF, IAU.
• hank

  September 2 edited September 2

  Thanks @MikeM
  
  20% sounds about right if they’re including options held by the funds you note. I don’t own any funds that play overtly in the options markets. But, no doubt, some of them utilize them to a small degree. My 9% is (hopefully) reflecting real assets. Owning GLFOX there may be some infrastructure holding being counted. Just ages.
• MikeM

  September 2

  @hank, doesn't the Fidelity portfolio breakdown show what funds or percentage of a fund is categorized "other"? Schwab does, so I'm assuming Fidelity does also. I wouldn't be surprised if a good portion of other is in PRPFX. At least the gold and silver portion would be. Miner stocks would be equity. Not sure how Swiss Francs are classified.
• hank

  September 2

  Thanks for the suggestion @MikeM. I’ll check that some day later in the week when logged in and report back. I for one would certainly appreciate it if that’s the case.
• hank

  September 5 edited September 5

  (Excerpted from Fidelity’s Glossary of Terms
  
  “Other-The "Other" category includes non-asset class holdings (i.e., other than stocks, bonds, and short-term investments), including, without limitation, derivative securities, options, preferreds, convertibles, warrants, and precious metals, as well as some Internal Revenue Code Section 529 qualified tuition program (529 plan) investment trust holdings.”
  
  “Other Holdings-Any interest held in a selected account that cannot be placed within one of the following categories: Equity, Fixed Income, Cash, Mutual Fund, or Exchange Traded Product (ETP).”
  
  My attempt to sort these components out on a specific fund basis was unsuccessful.
  
  Added - Follow-up Ques:
  
  * Can we assume that if your fund invests in commodities or real estate it is likely doing so through derivatives and so those investments would be included under Fidelity’s “other” classification?
  
  
• Sven

  September 5

  It is often unclear in Fidelity site. Pimco bond funds, for example, have sizable % on “others”. Generally they are derivatives. Their annual reports provide more details on “others”