Kamala Harris' latest financial disclosure provides insight into her investment portfolio.

• Kamala Harris, the Democratic presidential candidate and Vice President, supports passive investment strategies, according to her recent financial disclosure.
• According to financial experts, her lack of stock ownership indicates that she's not manipulating the system.
• Here's what else we can learn from her portfolio.

One word financial experts use to describe Vice President Kamala Harris' investment style is "Boring."

A woman running for the highest office in the U.S. must have minimal financial conflicts.

As vice president, Harris filed a public financial disclosure report for 2023 in May, disclosing her preference for passively managed index funds in her investment portfolio.

Dustin Thackeray, a chartered financial analyst and chief investment officer at Crewe Advisors in Salt Lake City, found it refreshing that Harris' disclosure seemed very passive, according to his review.

Thackeray stated that she was not using any insider information for trading purposes.

Carolyn McClanahan, a certified financial planner and founder of Life Planning Partners in Jacksonville, Florida, expressed her delight upon reviewing Harris' financial disclosure, which revealed his investment in low-cost passive investment strategies.

McClanahan, a member of the CNBC Financial Advisor Council, stated that she has the cleanest portfolio among politicians, in his opinion.

McClanahan stated that she owns a lot of index funds and there's no way she can manipulate the system.

What a Kamala Harris administration could mean for your wallet.

As Congress debates restrictions on investments for elected leaders, Harris disclosed his holdings.

This week, a Senate panel approved a bill that prohibits members of Congress, their spouses, and dependents from purchasing individual stocks, but it's uncertain whether it will eventually be enacted into law.

Experts who reviewed the document suggest that the disclosure about Harris' preference for passive investments, as well as the revelation of her financial circumstances, may provide valuable lessons for other investors.

Too many funds

Harris has invested in eight different funds through two separate 457(b) deferred compensation plans from her time in California, as well as participation in defined benefit pension plans.

Her husband, Second Gentleman Douglas Emhoff, has more than 30 passively managed fund investments.

The disclosure only specifies the asset ranges for each fund, rather than the exact amounts invested.

Experts recommended that Harris reduce the number of funds owned by the couple to minimize overlapping exposure.

Barry Glassman, a certified financial planner and founder and president of Glassman Wealth Services, stated that she is highly diversified, possibly to an excessive degree, with numerous funds having similar holdings, but in varying proportions.

Glassman is also a member of CNBC's Financial Advisor Council.

McClanahan also said the couple could reduce the number of funds they own.

"They could consolidate, keep it simpler," she said.

Thackeray advised his clients to consider more foreign investment exposure, stating that the portfolio includes allocations to foreign equities and fixed income funds. He pointed out that there may be less expensive investment opportunities outside the U.S., where investments have become more expensive in recent years.

Thackeray stated that Harris' disclosure of numerous buy and sell transactions throughout the year, primarily for lower dollar amounts, could simply be a result of quarterly rebalancing activity.

The tax impact of those transactions on the couple depends on whether they occur within or outside of their retirement accounts.

It's unclear whether Harris and Emhoff have a financial advisor. Harris' office declined to comment.

Cash on the sidelines

Harris and Emhoff disclose potential cash holdings of approximately $850,000 or more, based on the given ranges.

Thackeray stated that many of his clients have large cash reserves as a safety net.

"Today, cash balances are generating an investment return, unlike in the past when they didn't for a long time due to lower rates," Thackeray stated.

Although Harris and Emhoff are shopping for the best rates, it is not certain that they are earning the highest returns possible.

Glassman stated, "I hope the money in the bank is generating appealing interest."

Adjustable-rate mortgage

Harris offers a 2.625% rate for a 2020 mortgage on a personal residence worth between $1 million and $5 million.

An adjustable-rate mortgage is a 7-year loan with an initial fixed rate that eventually adjusts annually.

The substantial increase in mortgage rates since 2020 prevented the couple from securing a low rate for an extended period.

McClanahan urged everyone to take advantage of the record low mortgage rates at that time.

Thackeray stated that he would have opted for a longer-term mortgage at that time.

In 2027, the couple may be surprised, but they can always refinance or pay off the mortgage, according to McClanahan.

Thackeray predicted that mortgage rates could potentially decrease by 2027.

Extra 'side gig' income

In addition to her royalty income from "Superheroes are Everywhere," Harris also earned a smaller amount from her 2019 memoir, "The Truths We Hold."

A side hustle can contribute to a household's bottom line, as demonstrated by Ted Jenkin, a certified financial planner and CEO of oXYGen Financial, who is also a member of CNBC's Financial Advisor Council.

Beyoncé tickets

Harris is using Beyoncé's "Freedom" as her campaign song.

In 2023, Beyoncé Knowles-Carter gifted Harris tickets valued at more than $1,600 to a Beyoncé concert, which reveals that Harris was a Beyoncé fan before the recent pick of that song.