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August 2007
Release Notes |
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Recap of Previous
Announcements |
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Morningstar
News |
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Release Notes |
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August 2007 Month-End Implementation of Enhanced Portfolio Statistics |
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As previously announced, Morningstar has modified our portfolio statistics to incorporate the economic impact of short positions and derivatives. This impacts all global portfolios and all types of investment products. Our Consulting group and Licensed Data Feeds will deliver the new data in September. Morningstar Direct, Morningstar.com, and our Advisor Workstation and Principia will roll out the new data over the next quarter. Following are links to resources for this project:
Fact Sheet
Portfolio Reporting Template
Methodology Document
Data Point Inventory
Fact Sheet on Derivatives |
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Enhanced Portfolio Statistics—Data Feeds Delivery Schedule |
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The new data will be available at the end of August for September deliveries of Licensed Data Packages. If you have not yet done so, please contact your relationship manager to test your loading processes to ensure that you are prepared to accommodate files with the new enhanced portfolio statistics. Project rollout is on track for August data in files delivered in September. |
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New Morningstar Indexes |
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Morningstar launched a family of 15 investor-friendly fixed income indexes in July 2007. The indexes cover the core fixed income categories of U.S. Treasury corporate bonds, and mortgages. In addition to serving as tools for portfolio benchmarking and performance measurement, the Morningstar Indexes can be licensed to institutions for the creation of investment vehicles. For more information on Morningstar Indexes, visit http://indexes.morningstar.com |
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NASD Name Change |
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As you may be aware, on July 30, 2007, the NASD and member regulatory sections of the New York Stock Exchange were consolidated to form the Financial Industry Regulatory Authority (FINRA). Their press release can be found here. Over the coming months, you will see updates to Morningstar reports, Websites and other applicable materials to reflect the change from NASD reviewed to FINRA reviewed. |
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Morningstar to Add New Categories for Separate Accounts |
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In the U.S., there are now a sufficient number of U.S. Large Blend 130/30 separate accounts to form a new category called "Leveraged Net Long". Effective November 2007, a separate account strategy will be assigned to this category when the equity percentage in gross short positions is at least 20% and the equity percentage in net long positions is between 80% and 120%. As such, this category is not limited to 130/30 strategies, but rather will also include 120/20, 140/40, etc., strategies. In addition to the Leveraged Net Long category, we will also add a Market Neutral category. Please contact your account team if you have any questions. |
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Recap of Previous Announcements |
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Upcoming Category Changes for Canadian Funds |
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Effective with July month-end, we will be making some changes to our Canadian fund category classifications. Morningstar Canada has rejoined the Canadian Investment Funds Standards Committee (CIFSC), setting the stage for re-establishing a single set of basic industry-wide categories for Canadian investment funds. If you subscribe to a data package, you will be receiving a new category list from our data team via e-mail. Please visit this Website for more information. |
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Morningstar News |
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Be Ready for Rule 22c-2 on Oct. 16 |
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The Morningstar Prospectus Summary data feed is updated daily with market timing and redemption fees rules. It is an ideal solution for populating advisor platforms and compliance tools with the most up-to-date prospectus information. Please contact your Morningstar representative for more information. |
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Second Quarter Institutional Product Review |
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A collaboration between Morningstar and Casey Quirk, the Institutional Product Review provides a broad and systematic outlook on trends in the asset management industry. The reports are prepared using Morningstar's separate accounts and collective investment trust data with commentary from CQA. Each quarterly review covers asset flows, asset concentration, assets under management, product performance rankings, and historical return distributions across peer groups. Please visit our Website for ordering information. |
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Save the Date—Ibbotson 2008 Asset Allocation Conference |
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The annual Asset Allocation Conference will be held March 13-14, 2008, in Orlando, Florida. Watch this space for more information. |
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Morningstar Investment Conference—UK |
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Plan to join the institutional investment professionals and financial advisers as they explore the complex issues facing the global market today at the Morningstar� Investment Conference, 19-20 Sept. 2007 at the Jumeirah Carlton Tower in London, United Kingdom. Gain valuable insight from prominent financial experts, including Fidelitys Anthony Bolton, Ibbotson Associates founder Roger Ibbotson, and Morningstar founder Joe Mansueto, while engaging in discussions and networking with European business leaders. Please visit our Website for more information and registration details. |
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Morningstar at Industry Shows |
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Morningstar will exhibit at the following conferences. We hope to see you there.
• Financial Planning Association (FPA) Seattle 2007, Sept. 811, Seattle, WA
• National Association of Variable Annuities (NAVA) Annual Meeting Sept 9-11 Boston, MA
• The Professional Association for Investment Communications Resources
(PAICR), PAICR 2007 Annual Conference Sept 20-21 New York, NY
• Profit Sharing/401(k) Council of America (PSCA) National Conference
Sept 25-27 Rancho Mirage, CA
• 9th Annual Defined Contribution West Coast Conference Oct 8-9
San Francisco, CA
• Society of Professional Administrators and Recordkeepers (SPARK) Nov. 5-7
Palm Beach FL . |
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Data Questions |
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Contact your account team or our data quality department:
U.S.
E-mail: dataquestions@morningstar.com
Phone: +1 312-696-6600
Fax: +1 312-696-6019
Mailing address:
Data Questions
Morningstar, Inc.
225 West Wacker Drive
Chicago, Illinois 60606
USA
Europe
E-mail: dataquestions.uk@morningstar.com
Phone: +44 20 3107 0070
Fax: +44 20 3107 0001
Mailing address:
Data Question
Morningstar Europe
1 Oliver's Yard,
55-71 City Road, London EC1Y 1HQ
United Kingdom |
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�2007 Morningstar. All rights reserved. |
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