Specialized Charts and Reports: Advanced Tools in Morningstar Direct SM

Transcription

1 Specialized Charts and Reports: Advanced Tools in Morningstar Direct SM Lale Akman, Client Solutions Specialist 2005 Morningstar, Inc. All rights reserved. <#>

2 Tasks and Tools Show the changes in returns and ranks on one chart Use historical data on the Time Series chart Explore rolling performance vs. a peer group Use historical data on the Floating Bar chart Examine the style box coverage of a fund of funds Funds as holdings in the HB Style Map chart 2

3 Tasks and Tools (cond ) Analyze performance from a style perspective Compare the style of category quartiles on the HB Style Map Compare style scores across the entire category Examine fund scores on the Scatterplot Dynamically explore overlap between multiple funds Perform customizable portfolio comparisons using the Peer Analysis tool 3

4 Tasks and Tools (cond ) Compare the performance of an investment to a user-defined peer group Learn how to use aggregated peer groups and use them in PDF reports and data Perform style and performance analysis on hypothetical or private investments Import a portfolio and use data points, charts, and reports Generate a portfolio report on an imported investment Save an import as an aggregate and generate the Portfolio Aggregation report 4

5 Tasks and Tools (cond ) Derive a hypothetical rating to explore expense and load changes Rating What-If calculates new star rating components given cost changes Design a single report with a performance page and a style page Use the Report Builder to make custom multi-page reports 5

6 Time Series: Five Year Rolling Returns and Ranks Plot all types of historical data on the Time Series chart 6

7 Floating Bar: Rolling Excess Returns Compare any time series data of a fund against the data of its category peers 7

8 Holdings-Based Style Map: Fund of fund with Constituents Funds plot as holdings when FoFs are used on the HB Style Map 8

9 Holdings-Based Style Map: Style Analysis of Performance Compare style exposure of large growth funds by quartile 9

10 Scatterplot: Growth/Value and Size Score Evaluate the style and size scores of top three year performers 10

11 Peer Analysis How distinct are the holdings of a fund from those of its competitors? 11

12 What is an aggregated peer group? A user-defined group of funds whose aggregate statistics can be used in analyses Custom definitions of size groups: SMID Custom definitions of style groups: deep value, high growth All funds of a given fund family for competitive analysis N-tile groups Country-specific funds 12

13 Aggregated Peer Groups: Best Practices Aggregates are static, but peer groups require current peers Follow this process to maintain a current peer group Save Search Criteria that define your peer group Run the search each month and put the results into an aggregate Save the aggregate as your updated peer group Once you have saved your updated peer group aggregate, you can use it as: A benchmark in a PDF report A baseline for excess returns 13

14 Importing Tips 1. Link the imported portfolio into the central database with the import file in Direct 2. A complete import file requires the user to import a portfolio and monthly returns 3. Importing both portfolio and returns enables display of all related data points in the grid view 14

15 Portfolio Aggregation report This report is generated in Security View inside the Aggregates Workspace Only available for aggregates. To generate on an imported portfolio, save the import as the single item in an aggregate. To create a complete report for an import, clients must import returns and a portfolio. Workspace Aggregates Security View Right-click Reports Portfolio Aggregation 15

16 Rating What-if? Alter a fund s expenses and see the impact on MRAR and its components 16

17 Report Builder Multiple-page custom reports: Performance page, style page, operations page, etc. Create a template, and then generate the report for any investment of any type. Build a template in Tools Report Builder, then press New Reports User-defined Reports to use the template for an investment User-defined text entry coming in the future 17

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