For each externally synced portfolio, the Portfolio Tab pie chart displays how much that portfolio holds in each of 5 major asset classes (US Stocks, US Bonds, International Stocks, International Bonds, Cash) as well as "Other." For diversified mutual funds or ETFs that may contain multiple asset classes (e.g. a target date fund), the allocation looks "through" the fund, meaning it splits up the fund by the relevant asset classes to give a more precise visualization of the actual holdings.
For example, a target date fund like VFFVX, the Vanguard Target Retirement 2055 Fund, has allocations to stocks, bonds, and cash, even though it is most heavily weighted towards US stocks. Unlike some other allocation tools, we display VFFVX’s allocation to each of the given asset classes rather than assigning 100% of VFFVX’s allocation to one single asset class like US stocks or a fund type like “Target date fund.”
Is this allocation data real time?
Your clients’ balances in each account and fund are updated daily. However, the underlying allocation data is only published by mutual funds on a quarterly basis, so the current portfolio allocation is only an approximation of the current actual allocation.
Is current portfolio allocation used to determine the fee level of a fund?
Our fee assessment of a fund uses the overall fund type (E.g. US Total Market Stock Funds, International Bond Funds or Commodity Funds) and not the asset classes within the fund. While the overall fund type is related to the underlying allocation, the actual fund expense ratios are set per fund and not per asset class within the fund.