Complete List of New Data Points in Morningstar Direct 3.1

(released February 2, 2007)

 

Across all databases, multiple displays open up to indicate numerous names of managers, sub-advisors, custodians, brokerage availability, etc&

 

Inserted data points from InvestorForce (Alvest) into both hedge fund and separate account databases.  Depending on data point, sometimes populated for several thousand firms.

 

1) Open End Mutual Funds

 

Snapshot

• Fund of funds indicator     Yes or No
• Analyst report date column (U.S. only).  Dates are interactive and lead to new analysis appearing in Quicktakes.

 

Operations

• Closed to All Investors
• Closed to New Investors
• Close Dates
• Auditor 
• Brokerage availability
• Custodian
• Distributor
• Legal Counsel
• Transfer Agent

 

2) Closed End Funds

 

Snapshot

• Fund of funds indicator     Yes or No

 

Operations

• Undistributed Net Investment Income (UNII)
• Earnings Per Share
• UNII/EPS date
• Auditor 
• Custodian
• Distributor
• Legal Counsel
• Transfer Agent
• Leverage date
• Leverage percentage

 

Returns (Daily)

• Daily premium/discount
• Premium discount calculation date

 

3) ETFs  

 

Snapshot

• Fund of funds indicator     Yes or No

• Analyst report date column.  Dates are interactive and lead to new analysis appearing in Quicktakes.

 

Operations

• Auditor 
• Custodian
• Distributor
• Legal Counsel
• Transfer Agent

 

Returns (Daily)

• Daily premium/discount
• Premium discount calculation date

 

4) Separate Accounts/Collective Investment Trusts

 

Firm Ownership Structure (Only for investment vehicles from InvestorForce)

• Mgr. of Mgrs.               Yes or No
• FSA Registered            Yes or No
• SEC Registered            Yes or No
• FSA Exempt                Yes or No

 

Asset Allocation (Only for investment vehicles from InvestorForce)

 

Passive/Enhanced Methodology            Census Rep., Optim./Sampling, Full                                                                    Repl., Optim., Strate. Sampl., Structured, Synthetic

�        Balanced Allocation            Static, Tactical Asset

�        Country Allocation  Bottom-up, Combo, N/A, Top-Down

�        Industry Allocation  Bottom-up, Combo, N/A, Top-Down

�        Investment Process             Fundamental, Quantitative, Quant./Fund.

 

Operations (Only for investment vehicles from InvestorForce)

 

�  Custody fee         Yes or No

�        Admin. Fee                        Yes or No

�        Fee incl. custody                 Yes or No

�        Admin. Fee paid by mgr.    Yes or No

�        Lends securities                  Yes or No

�        Corp. resp. screen              Yes or No

�        Environ. screen                   Yes or No

�        Pro-labor screen                 Yes or No

�        Relig. Screen                      Yes or No

�        GIPS Retro. Compl. Guidelines      Yes or No

�        Gaps in performance           Yes or No

�        Owner Accredited              Yes or No

�        Bank/S&L                          Yes or No

�        Coll. Trust                          Yes or No

�        Comm. Trust                      Yes or No

�        Corp. assets                       Yes or No

�        Delaware trust                    Yes or No

�        ERISA Corp.                     Yes or No

�        ERISA Taft                        Yes or No

�        Group Trust                        Yes or No

�        Ins. Co.                              Yes or No

�   Inv./Bus. Dev. Co.  Yes or No

�        Lim. Ptnrship                      Yes or No

�        Priv. Bus. Dev.Co. Yes or No

�        Qual. 501 Endow.              Yes or No

�        Qual. 501 Found.               Yes or No

�        Qual. 501 healthcare org.    Yes or No

�        Qual. 501 rel. org.              Yes or No

�        Qual. Public Emplyee Ben. Plan      Yes or No

�        Qual. Trust             Yes or No

�        B/D                                    Yes or No

�        Small Bus. Inv. Co. Yes or No

�        Corp. resp. screen              Yes or No

�        Environ. screen                   Yes or No

�        Pro-labor screen                 Yes or No

�        Relig. Screen                      Yes or No

�        Fee incl. custody                 Yes or No

�        Custody fee                        Yes or No

 

Net returns (a major enhancement).  These are average net returns.  Indicative.  But given the customization of fees, net returns will differ for investors in their actual experience once they have invested.

 

Returns (Month-end)

• Net Ret 1 Mo (Mo-End)
• Net Ret 3 Mo (Mo-End)
• Net Ret 6 Mo (Mo-End)
• Net Ret YTD (Mo-End)
• Net Ret 1 Yr (Mo-End)
• Net Ret Annlzd 3 Yr (Mo-End)
• Net Ret Annlzd 5 Yr (Mo-End)
• Net Ret Annlzd 10 Yr (Mo-End)
• Net Ret Annlzd 15 Yr (Mo-End)
• Net Ret Inception (Mo-End)

 

Returns (Quarter-end)

• Net Ret 1 Mo (Qtr-End)
• Net Ret 3 Mo (Qtr-End)         
• Net Ret 6 Mo (Qtr-End)
• Net Ret YTD (Qtr-End)
• Net Ret 1 Yr (Qtr-End)
• Net Ret Annlzd 3 Yr (Qtr-End)           
• Net Ret Annlzd 5 Yr (Qtr-End)
• Net Ret Annlzd 10 Yr (Qtr-End)
• Net Ret Annlzd 15 Yr (Qtr-End)
• Net Ret Inception (Qtr-End)

 

Returns (Calendar Year)

• Annual Net Ret 2006
• Annual Net Ret 2005
• Annual Net Ret 2004
• Annual Net Ret 2003
• Annual Net Ret 2002
• Annual Net Ret 2001
• Annual Net Ret 2000
• Annual Net Ret 1999
• Annual Net Ret 1998
• Annual Net Ret 1997
• Annual Net Ret 1996

 

5) Hedge Funds

 

Snapshot

• Fund of funds indicator     Yes or No

 

Firm Level Data (Only for investment vehicles from InvestorForce)

 

The regulatory bodies that the hedge fund falls under or have licenses from. 

 

• Registered Investment Adviser (RIA Fed)
• RIA (State)
• Commodity Pool Operator (CPO)
• OSC (Canada)
• Australian Securities & Investments Commission (ASIC)
• National Association of Securities Dealers (NASD)
• Commodity Trading Adviser (CTA)
• FSA (UK)
• Autorite des marches financiers (AMF/France)
• Hong Kong Securities and Futures Commission
• National Futures Association (NFA)

 

 

"Fund Class Operations"  (Only for investment vehicles from InvestorForce)

 

• Multiple Share Classes:             Yes or No
• Closed end Investment Trust     Yes or No
• Closed end Mutual Fund           Yes or No
• Closed end Unit Trust   Yes or No
• Open end Unit Trust                 Yes or No
• Lockup Period                         For example: 1 year
• Avg Ann Port Turnover            (entered by HF firm as %)
• Uses Leverage                          Yes or No
• Leverage with Futures               Yes or No
• Leverage with Other Derivatives           Yes or No
• Leverage with  Margin Borrowing         Yes or No
• Leverage with Bank Credit                   Yes or No
• Maximum Leverage Allowed                1-5X or some other multiple
• Avg Leverage                                       1-5 X or some other multiple

 

 

Fees and Expenses (Only for investment vehicles from InvestorForce)

 

• Redemption Notification           For example: 30 days
• Redemp Fee %
• Redemp Avail.              For example: monthly
• Initial Payout %           
• Initial Payout Period                  For example: 7 days
• Final Payout %
• Final Payout Period                  For example: 45 days
• Redemption - Securities in Kind            Yes or No
• Investor Reports                       For example: monthly
• Claw Back                               Yes or No
• Current Cap Constraint             $ millions
• Future Cap Constraint $ millions
• Starting On      

 

Potential Asset Allocation (Only for investment vehicles from InvestorForce)

 

• Equity Options              Yes or No
• Equity Warrants                        Yes or No
• Equity Futures                          Yes or No
• Equity Swaps                           Yes or No
• US Government                        Yes or No
• Corporate                                Yes or No
• Mortgage/Asset Backed           Yes or No
• Emerging Market Debt Yes or No
• High Yield                                Yes or No
• Distressed                                Yes or No
• Convertibles                             Yes or No
• G-7 Government (ex US)         Yes or No
• Interest Rate Options                Yes or No
• Interest Rate Futures                 Yes or No
• Interest Rate Swaps                  Yes or No
• Currency Contracts                  Yes or No
• Interbank                                  Yes or No
• Interest Rate Contracts Yes or No
• Stock Index Contracts              Yes or No
• Commodity Contracts               Yes or No
• Options on Futures                   Yes or No
• Other Contracts                        Yes or No
• Equities                                    Yes or No
• Large Cap Stocks (>$5 billion)             Yes or No
• Mid-Cap Stocks ($1-$5 billion)                        Yes or No
• Small Cap Stocks ($250 million - $1 billion)      Yes or No
• Micro-Cap Stocks (<$250 million)                   Yes or No

 

Hedging Techniques (Only for investment vehicles from InvestorForce)

 

• Interest Rate: Futures                Yes or No
• Interest Rate: Options               Yes or No
• Interest Rate: Securities Yes or No
• Interest Rate: Swaps                 Yes or No
• Systematic: Futures                   Yes or No
• Systematic: Options                  Yes or No
• Systematic: Securities                Yes or No
• Systematic: Swaps                    Yes or No
• Currency: Futures                     Yes or No
• Currency: Options                    Yes or No
• Currency: Securities                  Yes or No
• Currency: Swaps                      Yes or No
• Beta: Futures                            Yes or No
• Beta: Options                           Yes or No
• Beta: Securities             Yes or No
• Beta: Swaps                             Yes or No
• Delta: Futures                           Yes or No
• Delta: Options                          Yes or No
• Delta: Securities                        Yes or No
• Delta: Swaps                            Yes or No
• Gamma: Futures                       Yes or No
• Gamma: Options                       Yes or No
• Gamma: Securities                    Yes or No
• Gamma: Swaps                        Yes or No
• Vega: Futures                           Yes or No
• Vega: Options                          Yes or No
• Vega: Securities                        Yes or No
• Vega: Swaps                            Yes or No
• Interest Rate Hedge Frequency Frequent or Infrequent
• Interest Rate Hedge Extent       Full or Partial
• Systematic Hedge Frequency    Frequent or Infrequent
• Systematic Hedge Extent          Full or Partial
• Currency Hedge Frequency      Frequent or Infrequent
• Currency Hedge Extent Full or Partial
• Beta Hedge Frequency Frequent or Infrequent
• Beta Hedge Extent                    Full or Partial
• Delta Hedge Frequency            Frequent or Infrequent
• Delta Hedge Extent                   Full or Partial
• Gamma Hedge Frequency        Frequent or Infrequent
• Gamma Hedge Extent               Full or Partial
• Vega Hedge Frequency            Frequent or Infrequent
• Vega Hedge Extent                   Full or Partial

 

6) Stocks (under Equity Analysis menu)

 

Snapshot

• Analyst report date column (U.S. only).  Dates are interactive and lead to new analysis appearing in Quicktakes.