We hope that 2019 is off to a great start for you! With this release of FirmPlus, we are rolling out an expanded list of evaluation criteria options as well as a tweak to a few scoring threshold options. See below for more information on the new features and updates.
If you have feedback or ideas for new features for FirmPlus, please send those to Fi360Support@broadridge.com. We would love to hear from you!
New Evaluation Criteria and Thresholds
Adding to the already expansive list of available evaluation criteria options, 9 new evaluation criteria and expanded scoring threshold options for 26 existing evaluation criteria have been added to FirmPlus. These new criteria options are available across Active, Passive, and/or Target Date Fund scoring. A rundown of the new evaluation criteria and scoring thresholds can be found below.
New Active Evaluation Criteria
| New Evaluation Criteria | Scoring Threshold Options |
|---|---|
| Performance | |
| 3 year Up vs. Down Capture | > 1.0 |
| 5 year Up vs. Down Capture | > 1.0 |
| 10 year Up vs. Down Capture | > 1.0 |
New Active and Passive Evaluation Criteria
| New Evaluation Criteria | Scoring Threshold Options |
|---|---|
| Fund Characteristics | |
| Fund Size Maximum | < $50B, < $75B, < $100B |
| Fund Track Record | > 1, > 2, > 3, > 5, > 10 |
| Performance | |
| 5 year Rolling Up Capture Ratio | in top 10%, in top 25%, in top 50%, in top 75% |
| Expenses | |
| Net Expense Ratio | < 0.10, < 0.25, < 0.50, < 0.75, < 1.00, < 1.25 |
New Target Date Evaluation Criteria
| New Evaluation Criteria |
|---|
| Performance |
| 5 year Rolling Up Capture Ratio |
| 5 year Rolling Down Capture Ratio |
New Scoring Thresholds For Existing Active and Passive Evaluation Criteria
| New Evaluation Criteria | Scoring Threshold Options |
|---|---|
| Fund Characteristics | |
| Manager Tenure | > 2 years |
| Total Net Assets | > 75 Million, > 500 Million, > 1000 Million |
| Investment Style | |
| 3 year R-Squared | > 98, > 99 |
| 5 year R-Squared | > 98, > 99 |
| 10 year R-Squared | > 98, > 99 |
| 3 year Style Drift | < 5, < 10, < 15 |
| 5 year Style Drift | < 5, < 10, < 15 |
| 10 year Style Drift | < 5, < 10, < 15 |
| Performance | |
| 1 year Annualized Return vs. peers | in top 35%, in top 40%, in top 60%, in top 65%, in top 70%, in top 80% |
| 3 year Annualized Return vs. peers | in top 35%, in top 40%, in top 60%, in top 65%, in top 70%, in top 80% |
| 5 year Annualized Return vs. peers | in top 35%, in top 40%, in top 60%, in top 65%, in top 70%, in top 80% |
| 10 year Annualized Return vs. peers | in top 35%, in top 40%, in top 60%, in top 65%, in top 70%, in top 80% |
| 3 year Up Capture Ratio | > 110, > 120 |
| 5 year Up Capture Ratio | > 110, > 120 |
| 10 year Up Capture Ratio | > 110, > 120 |
| 3 year Down Capture Ratio | < 80, < 90 |
| 5 year Down Capture Ratio | < 80, < 90 |
| 10 year Down Capture Ratio | < 80, < 90 |
| Volatility | |
| 3 Year Standard Deviation vs. peers | in top 60% |
| 5 Year Standard Deviation vs. peers | in top 60% |
| 10 Year Standard Deviation vs. peers | in top 60% |
| 1 year Tracking Error | < 0.25, < 0.5, < 1, < 2, < 3 |
| 3 year Tracking Error | < 0.25, < 0.5, < 1, < 2, < 3 |
| 5 year Tracking Error | < 0.25, < 0.5, < 1, < 2, < 3 |
| 10 year Tracking Error | < 0.25, < 0.5, < 1, < 2, < 3 |
| Expenses | |
| Net Expense Ratio | in top 60% |
Scoring Logic Update
Previously when using scoring thresholds of “In Top XX%”, the operator logic for the scoring threshold was less than. For example, if a scoring threshold of “in Top 50%” was selected, a fund’s peer rank would need to be < 50 to pass (e.g. 50 or above would fail). This logic has now been updated to be less than or equal to. For example, now if a scoring threshold of “in Top 50%” is selected, a fund’s peer rank must be <= 50 in order to pass.
Report Archive Time Zone Specific
The Report Archive has been updated to display time-stamps for delivered reports in the time zone set on your device.