Morningstar Office Update April 2012

Morningstar Category Updates

Several Morningstar Category updates are available, and one new Broad Asset Class can be found in the following Research module universes:

• U.S. Open End Funds
• VA/VL Subaccounts
• Closed End Funds, and
• Exchange-Traded Funds.

The Target Date 2050+ Category has changed to Target Date 2051+

The new Morningstar Categories are:

• Target Date 2046-2050
• Foreign Small/Mid Blend
• India Equity, and
• Muni Single State Short.

The new Broad Asset Class is Sector U.S. Stock.  The Morningstar Categories mapped to this Broad Asset Class are:

• Communications
• Consumer Cyclical
• Consumer Defensive
• Equity Energy
• Equity Precious Metals
• Financial
• Global Real Estate
• Health
• Industrials
• Miscellaneous Sector
• Natural Resources
• Real Estate
• Technology, and
• Utilities.

For the Strategy Target Asset Allocation View in the U.S. Open End Funds and VA/VL Subaccounts universes, the following three new data points have been added:

• Target Date—The expected Target Date of a given Target Date Fund
• Glide Path Type—Indicates if the glide path for a Target Date Series fund is managed "To Retirement" or "Through Retirement"
• Landing Point—The point within a glide path after which the target asset allocation remains fixed; measured in years to target (YTT) of a Target Date Series

Enhancements and Maintenance

This release also contains other enhancements and routine maintenance to existing features and functions.