FT4Web by Investors FastTrack
Sieve on Family Tab
Use the Sieve to create a custom family from existing families. The sieve combines existing families to create new families. The family members resulting from the Sieve computations are placed in the Issue List under the Sieve.
The left most column of buttons. Click a button places a family into the sieve taking specific actions described below. The "Action" column in the Sieve shows which button was clicked when placing the family into the sieve row.
The results column tell how many issues are included in the list at each step of the computation. The Family column in the Issue List tells which of the families processed in the sieve contained each issue.
Loading/Saving the SieveRight-click the sieve to Load or Save from the menu. You may save as many sieves as disk space permits. Sieve files are usually saved in the folder,
Sieve files are comma-delimited text files that can be edited with a text editor or created by other programs.
A Practical Example
FastTrack used to provide B- . . . families. These were families of funds that could be purchased through brokerages. These families were discontinued because they were no longer needed since virtually all brokerages now can purchase at least one class of any mutual fund.
Here's how to create a new equivalent family of low cost funds. Use the Sieve to combine the InvUniverse Family with any other family. The results in the list are members of both Fidelity and InvUniverse families.
In this example, the nearly 322 Fidelity funds are reduced to 241 funds that can be purchased through most brokerages at low cost with no load.
The broadest application would be to simply load the InvUniverse family. However, there would be many, many diverse funds which would be difficult to narrow down into a rational diversified family. By using Fidelity, Rydex, or Vanguard family with InvUniverse, the resulting list of funds will be less redundant. i.e. You won't have to choose among twenty S&P 500 Index funds.
One more example as of 8/6/2013
We combined the ALL-BOND AND INVUNIVERSE families. One of the members, VKMMX, has been a Class -A load fund in the not too distant past.
However, Notice that this partial Morningstar-Source listing shows that VKMMX is available in a variety of Fidelity NTF programs. Unfortunately, such memberships change so quickly, that Fidelity (and other brokerages) do not make a comprehensive NTF list easily available to individual investors.
Having picked a particular fund, you may have to search the brokerage's NTF web site to get the exact class ( -R, -I, -Y, ad infinitum) which find which fund currently available as NTF.
|as an NTF fund.|