The total amount of money managed as a standalone portfolio across share classes. Fund Size is useful in gauging a product's size, agility, and popularity.
The effective date of Fund Size.
For the Experts
General Rules
1. We request month-end Net Assets - Share Class (TNA) from all open-end fund companies globally.
2. We survey for raw fund size in selected regions. See Regional Differences below.
3. Every Fund Size and Net Assets � Share Class in Direct will be no older than 12 months from the most recent month-end date.
Definitions
a) "Estimated fund size" is the sum of all share-class TNAs for a given fund that existed at the end of a given month. All share class TNAs must be greater than zero in order for estimated fund size to be computed. This figure is computed uniformly for all open-end mutual funds globally.
b) "Raw fund size" is sourced directly from fund companies in certain geographic regions. Participation in this survey varies by fund company, which is why we also compute estimated fund size if possible. Raw fund size is generally thought to be more accurate than estimated fund size because of the possibility that some of the fund's assets are distributed via non-public share classes. This figure is not, however, intended to capture all assets under management for a particular strategy. That is, it is not meant to encapsulate assets that are distributed through the pension, insurance, or other non-open-end legal structures.
Regional differences
(a) US, Canada, Japan, China and Australia
Fund Size is computed only using underlying share class TNAs. We do not survey for raw fund size in these markets.
(b) All Europe, Hong Kong, Singapore, Malaysia, Taiwan, India, and All Offshore
We request raw fund size from all fund companies. Some funds refresh raw fund size very frequently, but others do not supply it at all.
� If the estimated fund size date is more recent than the raw fund size date, the Fund Size field displays the estimated fund size.
� If the raw fund size date is more recent than the estimated fund size date, the Fund Size field displays the raw fund size.
� If raw fund size date and estimated fund size date are the same, we use the raw fund size figure as Fund Size.
� If neither raw fund size nor estimated fund size is less than 12 months old, the Fund Size field is left blank.
� If more than one raw fund size was reported during a given month, we use the last reported figure as Fund Size.
� If the raw fund size was not reported on the last day of the month, we adjust its Fund Size Date to the last day of the month to facilitate comparison and aggregation across funds.
� Fund Size for virtual share classes (also known as currency or convenience classes) is displayed, but because such classes do not have their own discrete share-class TNAs, they are excluded from the estimated fund size calculation. Such classes can be identified in Direct by FundIds that begin with "0P".
� Net Assets - Share Class is not displayed for virtual share classes because doing so would overstate net assets generally if the column is exported to Excel and aggregated.