How to Track Mutual Fund Performance

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No matter if you are already a seasoned investor or if you are just getting your feet wet in the investment world, it is important to have a system in place to research mutual funds, stocks, and exchange traded funds before making an investment purchase. This article will provide instructions on how to track mutual fund performance using Morningstar's free porfolio manager service. This mutual fund performance tool will allow you to track investments that you already own or investments that you have an interest in owning in the future. By being able to track mutual fund performance on a daily basis, you will find that you are a better informed investor and more empowered to make higher quality investment related decisions. Also, if you track mutual fund performance on investments you currently own, you may be able to spot mutual funds that are no longer performing well enough to warrant being a part of your investment portfolio.

  • First, to track mutual fund performance, you will need to go to the Morningstar website and sign up for the free service. For your convenience, there is a direct link in the resources section of this article. When you get to the main Morningstar website, you will see a button in the top right corner that reads "Join" - click this button.

  • Now, to track mutual fund performance, you will need to click on the section on the right hand side of the next page that reads "Join for Free" - click on this button, it is red and hard to miss.

  • Next, after clicking on the "Join for Free" button, you will need to provide some personal information before you can track mutual fund performance using the portfolio manager tool. Specifically, you will need to provide your full name, zip code, a username of your choice, and a personal password of your choice. Again, be reminded that this is a free service provided by Morningstar and does not require any type of current or future financial commitment.

  • After agreeing to the terms of the Morningstar website, you are officially a Morningstar member and can begin to use the free Portfolio Manager Tool to track mutual fund performance. To set up your personal portfolio manager, click on the portfolio manager button and enter the symbols of the mutual funds you would like to track. You can also enter individual stocks and exchange traded funds. After entering all of the symbols, if you choose, you can enter dollar or share amounts. This will be useful if you already own the current mutual fund investments that you tracking, as your portfolio manager will track your actual mutual fund portfolio. Each morning, you can receive an email update from Morningstar that will provide the previous day's performance of the investments you added to portfolio manager. Also, be aware that you can customize the information that appears on your personal portfolio manager - for instance, you can add and delete various performance and risk measures. You do this by choosing the "View" tab and then going into the options under "My View". This free tool made available to investors by Morningstar is a fabulous way to help any investor, including you, track mutual fund performance.

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