Morningstar X-Ray Tool on II - analysis issues

[Newroad]

Hi All.

As you may recall from an earlier topic of mine (https://www.lemonfool.co.uk/viewtopic.php?f=54&t=20594) my family and I in general are invested in combinations of two Investment Trusts - one an International General and the other an International (High Yield) Bond.

I was looking at each of these using the X-Ray tool provided by II, which is I think a re-badged Morningstar tool. When I did so, I noticed two things

There is no "Fixed Income Style" analysis - the 3*3 table is there but is not populated, for any of the three combinations - whereas the adjacent "Stock Style" is, and
The combinations with FCIT and CMHY (kids Junior ISA's) are only 32.31% analysed - unlike the WTAN/HDIV (ISA) and ATST/IPE (SIPP) combinations - which are 100% analysed

Any ideas why?

Regards, Newroad

PS Compliments of the season to all!

[monabri]

Have you tried entering the details in the MS X-Ray tool?

http://tools.morningstar.co.uk/uk/xray/ ... geId=en-GB

it seems to analyse the CMHY/FCIT to 100%. I note that the table marked "interest rate sensitivity" is blank. I wonder if "I.I." is reading info from the data in that 3x3 matrix?

[Newroad]

Thanks, Monabri.

That's helpful on a number of levels.

On the question at hand

Yes, the II data exhibits the same missing information from the 3*3 box on Interest Rate Sensitivity (though it labels it "Fixed Income Style"). This doesn't make sense to me given any material bond holding, and
Similarly, the other derived Bond Stats are also missing from the MorningStar site, despite it knowing the bond geographies, and
There is no apparent equivalent field to the "Percentage of Portfolio Analysed" field on MorningStar - in II it sits just below the "empty" 3*3 Fixed Income Style box. However, the "Stock Sectors" and "Fixed Income Sectors" on both seem to add up to 100% - so maybe the 32.31% analysed is just a presentation bug.

On other matters, the MorningStar tool is useful for "What If" modelling, which the II one appears not to be able to do (it just says what is) - so thanks for that. What I now know for this particular example is to get to the desired 67/33 - Stock/Bond & Other ratio, I need to go around 72/28 FCIT/CMHY on current holdings (this assumes "Other" is some form of "Fixed Income" holding, as opposed to, say, unlisted equity).

Similarly, to get 50/50 for WTAN/HDIV, I need to go around 53/47 and for 50/50 ATST/IPE, I need to (somewhat surprisingly) go around 48/52).

Regards, Newroad