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Track US mutual funds with Sharesight

by Stephanie Stefanovic, Content Manager, Sharesight | Jun 6th 2022

Sharesight has made it easier than ever for US investors to track their performance, with the ability to track over 24,000 US mutual funds. This is in addition to Sharesight’s existing support for leading US markets such as the Nasdaq and New York Stock Exchange, along with more than 40 other global markets. The ability to track investments across different asset classes, markets, currencies and brokers makes Sharesight the ultimate tool for investors to track their mutual funds along with the rest of their investments – all in one place. To learn more about US mutual funds and how you can track them using Sharesight, keep reading.

Track US mutual funds with Sharesight

What is a mutual fund?

A mutual fund is an investment product that pools together the money of individual investors, with a fund manager using this money to invest in assets such as stocks, bonds, property or cash. Mutual funds are popular with investors as they can be an easy way to get exposure to a range of underlying investments and diversify a portfolio across different asset classes and markets. Investing in a mutual fund also requires little effort on the investor’s part, as the fund manager is responsible for making buy and sell decisions with the aim of generating positive returns. This is referred to as an "actively managed fund", unlike ETFs, which are typically passively managed funds.

Like stocks or ETFs, when an investor invests in a mutual fund, they are issued a number of shares or units in the fund, with each share/unit representing an equal portion of the fund’s value. Depending on the fund in question (and its profitability), investors may receive dividend or distribution payments from the fund.

US mutual fund support in Sharesight

Sharesight supports all US mutual funds covered by Morningstar price data — over 24,000 — which will continue to grow as additional mutual funds enter the market and are included in the Sharesight database.

As users add US mutual funds to their portfolios (details below), they can get the full picture of their investment performance by viewing their funds with the rest of their holdings, whether they are stocks, ETFs or even custom investments such as property. This makes it easy for investors to see the impact of specific investments as part of the overall return of their portfolio.

Sharesight Contribution Analysis mutual funds

By running Sharesight’s Contribution Analysis Report, US investors can see the impact of mutual funds on their portfolio’s overall return over the date range of their choice.

How to track US mutual funds in Sharesight

  1. Sign-up for a FREE Sharesight account.
  2. Add your holdings to your portfolio(s) by searching for the fund’s ticker code or mstarid in the FundUS market. You can also use the Sharesight File Importer to bulk import trades to your portfolio.
  3. Sharesight converts the prices and valuations of your holdings from their listed market to your portfolio’s base currency. It also automatically calculates any currency fluctuations on a daily basis and backfills past distributions (and continues to add new ones as they are announced).

Sharesight Add holding US mutual fund

What is an mstarid?

What is an mstarid?

The Morningstar SecId is a 10-character alphanumeric code. Each individual investment is assigned a SecId when it is added to the Morningstar database. You can find this code by looking up the fund name on the Morningstar website.

Already tracking US mutual funds in Sharesight?

Already tracking US mutual funds in Sharesight?

If you are currently tracking a US mutual fund using Sharesight’s custom investment feature, you can merge it with its appropriate instrument, without losing any data.

Start tracking your US mutual fund investments today

If you’re not already using Sharesight to track your investments in US mutual funds, what are you waiting for? It’s free to sign up, and with Sharesight you can:

Sign up for a FREE Sharesight account and get started tracking your investment performance (and tax) today.

Disclaimer: The above article is for informational purposes only and does not constitute a specific product recommendation, or taxation or financial advice and should not be relied upon as such. While we use reasonable endeavours to keep the information up-to-date, we make no representation that any information is accurate or up-to-date. If you choose to make use of the content in this article, you do so at your own risk. To the extent permitted by law, we do not assume any responsibility or liability arising from or connected with your use or reliance on the content on our site. Please check with your adviser or accountant to obtain the correct advice for your situation.


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