See how to use the Fund Screener to adjust a client's portfolio or prospects portfolio
In this tutorial, we are going to use our fund screener to adjust a client's portfolio or a prospect's portfolio. So for today my prospect has already completed the questionnaire and we have their values already. So let's view their results.
From here. I can view in Fund screener. I'm gonna open this in another tab which carried over the prospect's values that they aligned with.
From here I am going to look at the large blend, growth and value fund categories. Both ETFs and mutual funds and I want to only see funds that have a deep level of shareholder engagement.
And I want to fine tune this list to show only funds that have a higher level of alignment in the friend of animals value. So now we're looking at 160 funds. From here, i'm going to go to the expense race ratio and reduce this s o now we're only seeing funds that have a lower expense ratio. So now from here, I'm going to take a look at the portfolio editor.
Still keeping my results of 52 funds. I'm going to upload the prospect's portfolio.
So you can see that this prospect's portfolio alignment, the current alignment could potentially be higher. Let's see if there are any funds within that portfolio that we can replace that populated in our results.
So clicking on the double arrow.
I'd like to find some similar holdings to replace this particular fund.
So I've got 12 similar funds that I could replace the Vanguard large cap index fund
Looking at some of these; hovering over the arrow, you can see the two funds compared to each other. So it looks like the prospect's fund has a much lower expense ratio than the top fund.
Getting a little bit closer there on the expense ratio. Let's choose this one.
So with that one change, you can see that this portfolio is now much more closely aligned with the client's values. From here. I'm going to save this as a new portfolio.
From here I can generate a report.
And now we're looking at a report that's showing me the prospect's portfolio as the comparison to the portfolio I just created with that one fund swapped out. Looking at the comparison relative, now you can see- just by making that one change-
with the fun being swapped out for another, this portfolio now has 25% less weapons industry exposure. 40% less toxic air pollution.
17% less deforestation producers exposure.
And a 51% less prison industry exposure. And that's all with just changing that one fund.