Mutual Fund Quotation Service (MFQS) Daily List Reports

Transcription

1 Mutual Fund Quotation Service (MFQS) Daily List Reports Updated: January 12, 2018 Table of Contents verview... 3 Web Service Reports... 3 Secured Website Access... 3 Architecture... 4 Hours of peration... 6 Release Notes... 6 Upcoming Change Addition of Root Symbol Field... 6 Past Changes Past Changes Past Changes Past Changes MFQS Daily List(s) Web Service Parameters MFQS Daily List File Format Security Level Details Closing Record Event Descriptions Daily List Processing Summary MFQS Daily List Posting Time MFQS Directory Web Service Parameters Directory File Format Security Level Details Documentation Posting Service Web Service Parameters Documentation List File Format Security Level Details Ex Date Report Web Service Parameters... 61

2 Ex-Date Report File Format Security Level Details MFQS Ex-Date Report Timing Appendix A Documentation Version Control Log Ex Date file format changes: Revised: January 12, 2018 Page 2

3 verview Web Service Reports The MFQS Daily List is a web-based data product offered by Nasdaq Information, LLC. The MFQS Daily List is designed to provide the market data community with issue level security details for MFQS instruments. This Nasdaq product includes MFQS-related reports: 1. MFQS Daily List: This component provides advance notification of MFQS registration actions such as new instruments, deleted instruments and instrument attribute changes. For the Daily List component, Nasdaq will generate two daily files: a. MFQS Daily List Advance Notifications: This file will include all MFQS registration actions that were approved by MFQS perations on the current business date for a future MFQS effective date. b. MFQS Daily List Next Business Day Changes: This file provides only those MFQS registration actions scheduled to take effect on the next business date. 2. MFQS Directory: This component file provides security level information for all active instruments in the MFQS system at the beginning of the current business day. 3. MFQS Documentation Posting Service: Nasdaq allows MFQS issuers to post prospectus, statements of additional information (SAI), semi-annual and annual reports, and money market monthly financial statements in PDF format for market data vendors to access. Each day, Nasdaq will generate a file defining new MFQS documents available for download. 4. Ex Date Report: Nasdaq allows MFQS pricing agents to enter advance notifications of Dividend/Interest and Capital Distribution actions. To ensure that the market data community can access these corporate actions on the appropriate ex-date, Nasdaq plans to add an Ex-Date report to the MFQS web product. Please note that the MFQS Daily List includes CUSIP numbers. Firms must have an agreement in place with the S&P CUSIP Bureau and appropriate MFQS entitlement token in order to see the CUSIP values within the MFQS files. Secured Website Access Nasdaq offers MFQS website access to MFQS Daily List subscribers. Through the MFQS website, firms may download all the reports listed above. In addition, Nasdaq will offer the following functionality via the MFQS website: Search capabilities for the MFQS Directory and MFQS Daily List products. Ability to view intra-day MFQS reporting statistics. Ability to download monthly MFQS reports such as counts by pricing agent, counts by issuer, Updates by instrument type and Updates by time interval. Revised: January 12, 2018 Page 3

4 Firms should be able to log into the MFQS website at to take advantage of the new functionality. For details on the MFQS website functionality, please refer to the Downloads and Reports section of the MFQS Website User Guide. Architecture The MFQS Registration Service data files will be accessible to subscribers via Secured Web Service. In order to access the files, MFQS Daily List subscribers must have a valid security certificate, user ID and password from Nasdaq. Nasdaq strongly recommends that firms create web service calls to retrieve the MFQS Daily List and MFQS Symbol Directory files. Nasdaq has modified the authentication process for fetching files from the MFQS Secure Web Service. All programmatically generated calls should contain client certificate issued by NASDAQM (NasdqM Web Security Framework). Exported ( certificate can be saved as a file and added to the request. For security reasons, Nasdaq recommends that firms access the MFQS web services via PST (user credentials passed via form post) method. The following is an example call that can be used to retrieve files: GetFile(" 2010&Type=pipe","YURUSERNAME","YURPASSWRD", PATHTSAVEDCERT, CERTPASSWRD ); public static void GetFile (string url, string username, string password, string certpath, string certpassword) { string postdata = String.Format("username={0}&password={1}", username, password); StreamReader sr = null; HttpWebRequest request = (HttpWebRequest)HttpWebRequest.Create(url); request.method = "PST"; request.accept = "text/html"; request.cookiecontainer = new CookieContainer(); request.useragent = "Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1)"; ///Exported client certificate added to the request. 509Certificate yourcert = new 509Certificate(certPath, certpassword); request.clientcertificates.add(yourcert); byte[] bytearray = System.Text.Encoding.UTF8.GetBytes(postData); request.contenttype = "application/x-www-form-urlencoded"; request.contentlength = bytearray.length; Stream datastream = request.getrequeststream(); datastream.write(bytearray, 0, bytearray.length); datastream.close(); try { using (HttpWebResponse response = (HttpWebResponse)request.GetResponse()) { Revised: January 12, 2018 Page 4

5 } if ((int)response.status < 400 (int)response.status > 499) { sr = new StreamReader(response.GetResponseStream()); //here you can parse the stream and store in db, or write to a file //i will simply write it to the console Console.WriteLine(sr.ReadToEnd()); } else { //error in web request returned by server Console.WriteLine(response.Status + ": " + response.statusdescription); } } } catch (Exception e) { Console.WriteLine(e.Message); } finally { sr.close(); } Note: Clients are required to replace username and password with their unique assigned logon credentials from Nasdaq. Additional authentication examples are available upon request. Clients also need to present a valid client side certificate NasdaqM Web Security Framework. ther Sample Calls Using CURL: curl -b cookies.txt -c cookies.txt -d "username=&password=yyy" url --cert <certificate[:password]> Note: Cookies should be turned on to retain sessions. In addition, explicitly post the username and password (lower case) and remove server variables. Revised: January 12, 2018 Page 5

6 Hours of peration The MFQS web service reports outlined in this document are available for download from Monday mornings at 12:00 a.m., Eastern Time (ET) through Friday evenings at 11 p.m., ET. The MFQS posting times for each report are as follows: Report Name MFQS Daily Lists All Versions MFQS Symbol Directory MFQS Ex-Date Report Initial Posting Time Between 11:00 a.m., ET and 1 p.m., ET Final Posting Time Notes 6:00 p.m., ET Nasdaq attempts to post file by 12 noon, ET. After initial posting, Nasdaq attempts to limit the MFQS Daily List changes to corrections only. 7:00 a.m., ET Since the MFQS Symbol Directory contains only active instruments, it is rare for the contents to change intraday. 8:00 a.m., ET 8:05 p.m., ET Nasdaq dynamically updates the MFQS Ex-Date report as MFQS pricing agents enter dividend and capital distribution data into the MFQS system. For the most complete data, Nasdaq recommends that firms pull the report after 8:05 p.m., ET Release Notes Upcoming Change Addition of Root Symbol Field; New s; New Types n March 26, 2018, Nasdaq will release a new s and Type values to the MFQS Daily List. The new Types and s will denote the addition of SMAs, UMAs, CITs, Separate Accounts and the shift of Hedge Funds from Alternative Products, to its own Type, the for Hedge Funds will remain the unchanged. n January 29, 2018, Nasdaq will release a new field to the MFQS Daily List. Root Symbol will denote the Root identification for each instrument listed with MFQS, where available. This field will not be required. Revised: January 12, 2018 Page 6

7 Past Changes Change 2017 n November 20, 2017, Nasdaq will release a new field to the MFQS Daily List. Class will denote the share class for each instrument listed with MFQS, where available. This new field will be eligible for Mutual Funds, Money Market Funds, Annuities, and Alternative Investment Products. This field will not be required. Based on client demand, Nasdaq is modifying MFQS eligibility standards to allow both registered and non-registered instruments to use the valuation service. n March 6, 2017, Nasdaq will release three new values in the existing Registration field on the MFQS Daily List. The new field will denote the U.S. regulatory oversight body with which the MFQS instrument is registered. The allowable values are: Description S U.S. Securities and Exchange Commission (SEC) is covered by SEC rules. M Municipal Securities Rulemaking Board (MSRB) is covered by MSRB rules. C U.S. Commodity Futures Trading Commission (CFTC) is covered by CTFC rules. SEC Registration Exemption meets SEC exemption requirements and is not covered by MSRB or CTFC rules. N Not Registered with U.S. Regulatory Agency is not covered by U.S. regulatory agency rules. n May 15, 2017, Nasdaq will add two codes for the existing field in the MFQS Symbol Directory and MFQS Daily List file formats. The new values are: Description Y Interval Fund An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. Please refer to the SEC website for a more complete description. Z Business Development Company (BDC) Note: MFQS supports a footnote code of I to denote when repurchase offer periods. BDCs is a type of closed-end investment company for the purpose of making capital more readily available to small, developing, and financially troubled companies that do not have ready access to the public capital markets or other forms of conventional Revised: January 12, 2018 Page 7

8 financing. Please refer to the SEC website for BDC rules. Past Changes Change 2016 Money Market Reform n July 11, 2016, Nasdaq added a new Investor Type field for money market funds to help MFQS pricing agents and fund families to differentiate investment class from institutional class instruments. Deletion s n February 22, 2016, Nasdaq released two new deletion reason codes to facilitate the processing of instrument class conversions and reorganizations. For the Deletion Reason field, Nasdaq added the following two values: Notes V Conversion Nasdaq uses this deletion reason code if an instrument is being reorganized as a different asset class. For example, this code would be used if an open end mutual fund is converting to a closed end mutual fund. R Reorganization For instrument conversions, MFQS Daily List carries a deletion record for the old asset class as well as an addition record for the new asset class value. The corresponding addition record should be on the same business day s or the next business day s list. Firms should use the CUSIP / Symbol fields in the deletion record to map two records as necessary for downstream customers. is used for reorganizations other than instrument conversions, mergers or acquisitions. For example, Nasdaq may use the reorganization code for instrument class restructuring. For reorganizations, Nasdaq does its best to populate CUSIP and Symbol fields within MFQS Daily List deletion record for downstream data mapping purposes. Note: Nasdaq also added a Document Type value of Statement of Reorganization to correspond to this new deletion reason code. Firms are advised to read the supporting document in the Documentation Daily List for corporate action details. NextShares Nasdaq and NextShares Solutions LLC introduced a new exchange-listed and exchangetraded asset class in February For more information, visit the NextShares website at or Nasdaq Trader NextShares page at Revised: January 12, 2018 Page 8

9 The MFQS system is used to report daily net asset value for NextShares. NextShares instruments carry the new Type code of EM and the new of Q. NextShares use different symbology standard than other MFQS asset classes. Based on industry feedback, Nasdaq issues 7-character MFQS symbols for NextShares, consisting of the Nasdaq s exchange five-character trading symbol and the ending two characters N (no delimiters). If, for example, the NextShares instrument had an exchange listing ticker of ETMFC, the MFQS symbol for NAV reporting would be ETMFCN. Past Changes 2014 As of August 11, 2014, Nasdaq supports MFQS test symbols within the MFQS Daily List, MFQS Symbol Directory and MFQS Ex-Date Report. Nasdaq also standardized MFQS field names across products and modify file formats to better reflect instrument data from MFQS issuers. For the MFQS Daily List(s), Nasdaq made following file format changes: Fields to be added: Test Symbol Flag: Nasdaq added a Test Symbol Flag to the MFQS Daily List file to clearly delineate test securities from live production securities in the MFQS system. Symbol Reuse Flag: To facilitate data mapping, Nasdaq added a Symbol Reuse Flag to the MFQS Daily List. This field will be populated if Nasdaq is reissuing a MFQS symbol that was previously used within the system. Registration: This new field identifies the regulatory agency responsible for oversight of MFQS instruments. As outlined in Data Technical News # , MFQS supports 529 plans registered with the U.S. Securities and Exchange Commission (SEC) or the Municipal Securities Rulemaking Board (MSRB). Total Net Assets Inception Date: This new field provides total net assets (in actual dollars) at the time of instrument inception if provided by MFQS issuer / administrator. Field removed: Fund Manager: Nasdaq removed the following manager fields due to lack of use: Fund Manager Last Name Current, Fund Manager First Name Current, Fund Manager Last Name New, Fund Manager First Name, Fund Manager Start Date. Nasdaq advises firms to refer to prospectus document for fund management details. Fields that were standardized: ld Field Name Daily List Posting Date Daily List Posting Time MFQS Issue Type Current MFQS Issue Type New MFQS Issue Category Current New Standardized Field Name Posting Date Posting Time Type / Tier Current Type / Tier New Current New Notes Field values for mutual funds were modified: Revised: January 12, 2018 Page 9

10 MFQS Issue Category New MFQS Pricing Frequency Current MFQS Pricing Frequency New Pricing Currency Inception Date Net Asset (NAV) pen To New Investors Flag MFQS Symbol for Merger CUSIP for Merger Documentation Available Current NSCC Clearing Eligible New NSCC Clearing Eligible Pricing Frequency Current Pricing Frequency New Currency NAV Inception Date pen To New Investors MFQS Symbol for Merger/Acquisition CUSIP for Merger/Acquisition Document Available NSCC Clearing Eligible Current NSCC Clearing Eligible New = pen-end Mutual Fund C = Closed-End Mutual Fund For the MFQS Directory, Nasdaq will make the following file format changes: Fields added: Test Symbol Flag: Nasdaq added a Test Symbol Flag to the MFQS Daily List file to clearly delineate test securities from live production securities in the MFQS system. Registration: This new field will identify the regulatory agency responsible for oversight of MFQS instruments. As outlined in Data Technical News # , MFQS supports 529 plans registered with the U.S. Securities and Exchange Commission (SEC) or the Municipal Securities Rulemaking Board (MSRB). Total Net Assets Inception Date: This new field will provide total net assets (in actual dollars) at the time of instrument inception if provided by MFQS issuer / administrator. Distribution Type: For file consistency reasons, Nasdaq added the Distribution Type field in the MFQS Directory file. This field had previously been available via the MFQS Daily List only. Distribution Frequency: For file consistency reasons, Nasdaq added the Distribution Frequency field in the MFQS Directory file. This field had previously been available via the MFQS Daily List only. Field removed: Fund Manager: Nasdaq removed the following manager fields due to lack of use: Fund Manager Last Name and Fund Manager First Name. Nasdaq advises firms to refer to prospectus document for fund management details. Fields that were standardized: Revised: January 12, 2018 Page 10

11 ld Field Name New Standardized Field Notes Name MFQS Name Name MFQS Issuer Name Issuer Name MFQS Type Type / Tier MFQS Issue Category Field values for mutual funds were modified: CUSIP Number International Security Identification Number (ISIN) MFQS Pricing Agent MFQS Pricing Frequency Pricing Currency Minimal Subscription Amount Initial Minimal Subscription Amount Incremental pen To New Investors Flag MFQS System Start Date CUSIP ISIN Pricing Agent Pricing Frequency Currency Minimum Initial Subscription Minimum Incremental Subscription pen To New Investors MFQS Start Date = pen-end Mutual Fund C = Closed-End Mutual Fund Field is not actively populated at this time. For the Ex Date Report, Nasdaq will make the following file format changes: Field added: Status: This field denotes if MFQS instrument is an active (live production) security or test security. Fields that were standardized: ld Field Name New Standardized Field Notes Name Fund ID MFQS Symbol Fund Type Type / Tier Field values were standardized to match MFQS Daily List / MFQS Directory files Fund Field values were standardized to match MFQS Daily List / MFQS Directory files Distribution Type Distribution Message Field values were changed to reflect Mutual Fund Dissemination Service (MFDS) message types. Update Type Action Revised: January 12, 2018 Page 11

12 Stock Dividend Factor Short Term Gain Long Term Gain Stock Dividend Ratio Short Term Capital Gain Long Term Capital Gain Past Changes 2013 September 9, 2013 Release n September 9, 2013, Nasdaq introduced a non-cusip option for the MFQS Daily List product. Nasdaq uses the same base file formats for all subscribers, although it will only populate CUSIP fields for those subscribers with a valid CUSIP license and entitlement token. At the request of the market data community, Nasdaq introduced new values for the following MFQS file fields: File Name Field Names New s When Will Be Used MFQS Daily List Deletion Reason Definition If the MFQS All Versions P Postponed Issuances issuer notifies Nasdaq of the postponement after the MFQS effective date. Ex Date Report DistributionType Definition Special Special Cash Dividends If MFQS Pricing agent needs to report a special cash dividend for a fund as part of year-end processing. At the request of the Structured Product Association (SPA), Nasdaq now supports the Replacement application type for structured product instruments. Nasdaq also redefined the MFQS Category values for structured product instruments. Category for Structured Products Current R S T U Structured Product Access Transactions Structured Product Tax Driven Structure Structured Product Buffered Note Structured Product Principal Protected Note New Structured Product Hybrid Structured Product Single Stock Structured Product Buffer/Barrier Enhanced Upside Structured Product Principal Protected V Structured Product Levered Note Structured Product Commodity / F W Structured Product Enhanced Income Note Structured Product Rates Enhanced Revised: January 12, 2018 Page 12

13 L pen / Not Defined Structured Product ther For the structured product changes, the following file fields were impacted: File Name Field Names Changes Implemented on September 9, 2013 MFQS Daily List All Versions MFQS Daily List All Versions MFQS Event MFQS Issue Category Current, MFQS Issue Category New Changed value from UIT Replacements to Replacements as Nasdaq will support the replacement application option for Structured Product instruments as well as Unit Investment Trusts. Updated Issue Category values for Structured Products instruments to reflect new industry recommendations. MFQS Directory MFQS Issue Updated MFQS Issue values for Structured Products instruments to reflect new industry recommendations. MFQS Document Posting Service AssociatedAction Changed value from UIT Replacement to Replacement. Ex Date Report Fund Updated Fund values for Structured Products instruments to reflect new industry recommendations. March 11, 2013 Release n March 11, 2013, Nasdaq added a new asset class of Alternative Investment Products (AIPs) to the MFQS system. In support of the new asset class, Nasdaq added new Issue Type and New Issue Category values to MFQS Daily List and MFQS Symbol Directory. As part of the March 2013 release, Nasdaq also added a NSCC eligibility flag to the MFQS Daily List and MFQS Directory files as well as MFQS system start date to the MFQS Directory file only. For ease of implementation, the new fields are being added to the end of the MFQS Daily List and MFQS Directory file formats. Revised: January 12, 2018 Page 13

14 MFQS Daily List(s) Web Service Parameters To retrieve the MFQS Directory, Web Service Users shall need to enter a call with the following parameters: Daily List File Name: As noted below, Nasdaq offers two versions of the MFQS Daily List. User should specify MFQSAdvance or MFQSNextDay. Date of Daily List: Data should be entered in MM-DD-YYYY or MM/DD/YYYY format. File Type: Data should indicate requested file format. ptions: ML for ML formatted text, pipe for pipe ( ) delimited text, or ExcelML for a formatted MS- Excel file. MFQS Daily List File Format Each business day, Nasdaq will post two MFQS Daily List files with the same basic file format: MFQS Daily List Advance Notifications: This file will include all MFQS registration actions that were approved by MFQS perations on the current business date regardless of the effective date. This advance notification file will be stored as a pipe-delimited text file. For the Web Service file name parameter, please use MFQSAdvance. MFQS Daily List Next Business Day Changes: This file provides only those MFQS registration actions scheduled to take effect on the next business day. This next day file will be stored as a pipe-delimited text file. For the Web Service file name parameter, please use MFQSNextDay. The file format for both files will be the same. The MFQS Daily List files will include a message header row with the field headings. Following the message header row, the individual security-level records will be sorted in ascending order by MFQS Effective Date and then ascending alphabetic order by MFQS Symbol field. As the last record in the file, the system will provide the Web Service parameters as well as the Note for the Day. Security Level Details Posting Date Date, MM/DD/YYYY Denotes the date on which the MFQS Daily List record was generated. Date field is stored in MM/DD/YYYY format. Posting Time Time, HHMMSS Denotes the time that the MFQS Daily List entry was generated or last updated. The time will be Revised: January 12, 2018 Page 14

15 stated in HHMMSS format. The time is based on US Eastern Time. MFQS Effective Date Date, MM/DD/YYYY MFQS Event Text up to 50 bytes Denotes the date that the MFQS instrument registration change will be effective in the MFQS system. Date field is stored in MM/DD/YYYY format. Indicates the type of registration action associated with the MFQS instrument. Allowable values are: Issuer Corporate Action Date Type / Tier Current (New s as of March 26, 2018) Date, MM/DD/YYYY 2 bytes, MFQS Event s Addition Deletion Replacement MFQS Attribute Change Restore Withdraw Addition Withdraw Deletion Withdraw Replacement Withdraw - MFQS Attribute Change Withdraw Restore Denotes the date that the MFQS issuer will enact (enacted) the instrument change action on its side. Date field is stored in MM/DD/YYYY format. Note: The Issuer Corporate Action Date shall be populated for MFQS Attribute Change and Deletion event codes only. Denotes the MFQS security class and listing tier for the instrument at the time of the Daily List posting. Allowable values are: MF Mutual Fund News Media List MS Mutual Fund Supplemental List $$ Money Market Fund News Media List $S Money Market Fund Supplemental List US Unit Investment Trust (UIT) AN Annuity SP Structured Product AP Alternative Investment Product (AIP) EM NextShares Exchange Traded Managed Fund MA Managed Accounts Revised: January 12, 2018 Page 15

16 CT SA HF Collective Investment Trust (CIT) Separate Accounts Hedge Fund Type / Tier New (New s as of March 26, 2018) 2 bytes, For addition actions, this field will not be reflect the MFQS issue type for the instrument being replaced in the system. field will reflect the MFQS issue type in system on the Daily List posting date. For deletion actions, this field will reflect the MFQS issue type for the instrument being removed from the system. For restore actions, this field will not be Denotes the MFQS security class and listing tier for the instrument as of the MFQS Effective Date. Allowable values are: MF Mutual Fund News Media List MS Mutual Fund Supplemental List $$ Money Market Fund News Media List $S Money Market Fund Supplemental List US Unit Investment Trust (UIT) AN Annuity SP Structured Product AP Alternative Investment Product (AIP) EM NextShares Exchange Traded Managed Fund MA Managed Accounts CT Collective Investment Trust (CIT) SA Separate Accounts HF Hedge Fund For addition actions, this field will reflect the MFQS issue type for the instrument being added to the system. Revised: January 12, 2018 Page 16

17 reflect the MFQS issue type for the instrument being added to the system. field will reflect the MFQS issue type as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the MFQS issue type for the instrument being reinstated to the MFQS system. Current (New s as of March 26, 2018) 1 byte, Indicates the investment strategy or subcategory for the MFQS instrument at the time of the Daily List posting. The allowable values are: Mutual Funds (Types MF and MS) Mutual Fund pen End C Mutual Fund Closed End Y Interval Fund Z Business Development Company (BDC) Money Market Funds (Types $$ and $S) Money Market Fund General A Purpose Money Market Fund G Government Securities Money Market Fund Tax Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust Debt D Securities Unit Investment Trust Equity E Securities Annuities (Type AN) M Annuity Variable N Annuity Equity Indexed Structured Products (Type SP) R Structured Product Hybrid Structured Product Single S Stock Structured Product T Buffer/Barrier Enhanced Upside Structured Product Principal U Protected Structured Product V Commodity / F Structured Product Rates W Enhanced Revised: January 12, 2018 Page 17

18 L Structured Product ther Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity ffering NextShares Exchange Traded Managed Funds (Type EM) Q NextShares Hedge Fund (Type HF) H Hedge Fund Collective Investment Trust (CT) 1 Collective Investment Trust Managed Accounts (Type MA) 2 Separately Managed Accounts (SMA) 3 Unified Managed Accounts (UMA) Separate Accounts (SA) 4 Separate Accounts MFQS New (New s as of March 26, 2018) 1 byte, For addition actions, this field will not be reflect the MFQS issue category for the instrument being replaced in the system. field will reflect the MFQS issue category in system on the Daily List posting date. For deletion actions, this field will reflect the MFQS issue category for the instrument being removed from the system. For restore actions, this field will not be Indicates the investment strategy or subcategory for the MFQS instrument on the stated MFQS Effective Date. The allowable values are: Mutual Funds (Types MF and MS) Mutual Fund pen End C Mutual Fund Closed End Revised: January 12, 2018 Page 18

19 Y Z Interval Fund Business Development Company (BDC) Money Market Funds (Types $$ and $S) Money Market Fund General A Purpose Money Market Fund G Government Securities Money Market Fund Tax Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust Debt D Securities Unit Investment Trust Equity E Securities Annuities (Type AN) M Annuity Variable N Annuity Equity Indexed Structured Products (Type SP) R Structured Product Hybrid Structured Product Single S Stock Structured Product T Buffer/Barrier Enhanced Upside Structured Product Principal U Protected Structured Product V Commodity / F Structured Product Rates W Enhanced L Structured Product ther Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity ffering NextShares Exchange Traded Managed Funds (Type EM) Q NextShares Hedge Fund (Type HF) H Hedge Fund Collective Investment Trust (Type CT) 1 Collective Investment Trust Managed Accounts (Type MA) Revised: January 12, 2018 Page 19

20 2 Separately Managed Accounts (SMA) 3 Unified Managed Accounts (UMA) Separate Accounts (Type SA) 4 Separate Accounts MFQS Symbol Current MFQS Symbol New 11 bytes, 11 bytes, For addition actions, this field will reflect the MFQS issue category for the instrument being added to the system. reflect the MFQS issue category for the instrument being added to the system. field will reflect the MFQS issue category as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the MFQS issue category for the instrument being reinstated to the MFQS system. Denotes the NASDAQ-assigned symbol for MFQS instrument at the time of the MFQS Daily List file posting. For addition actions, this field will not be reflect the MFQS symbol for the instrument being replaced in the system. field will reflect the MFQS symbol in system on the Daily List posting date. For deletion actions, this field will reflect the MFQS symbol for the instrument being removed from the system. For restore actions, this field will not be Denotes the new NASDAQ-assigned symbol for MFQS instrument as of the MFQS Effective Date. For addition actions, this field will reflect the MFQS symbol for the instrument being added to the system. Revised: January 12, 2018 Page 20

21 reflect the MFQS symbol for the instrument being added to the system. field will reflect the MFQS symbol as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the MFQS symbol for the instrument being reinstated to the MFQS system. CUSIP Current 9 bytes, Denote the CUSIP in the MFQS system for the instrument at the time of the MFQS Daily List file posting. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. CUSIP New 9 bytes, For addition actions, this field will not be reflect the CUSIP for the instrument being replaced in the system. field will reflect the CUSIP in system on the Daily List posting date. For deletion actions, this field will reflect the CUSIP for the instrument being removed from the system. For restore actions, this field will not be Denotes the CUSIP number, as being reported by the MFQS Issuer, for the MFQS instrument as of the MFQS Effective Date. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. For addition actions, this field will reflect the CUSIP for the instrument being added to the system. reflect the CUSIP for the instrument being added to the system. field will reflect the CUSIP as of the MFQS effective date. For deletion actions, this field will not be Revised: January 12, 2018 Page 21

22 For restore actions, this field will reflect the CUSIP for the instrument being reinstated to the MFQS system. Name Current Text up to 150 bytes Denotes the Issue Name in the MFQS system for the instrument at the time of the MFQS Daily List file posting. Name New Issuer Name Current Text up to 150 bytes Text up to 150 bytes For addition actions, this field will not be reflect the Issue Name for the instrument being replaced in the system. For instrument attribute change actions, this field will reflect the Issue Name in system on the Daily List posting date. For deletion actions, this field will reflect the Issue Name for the instrument being removed from the system. For restore actions, this field will not be Denotes the Issue Name for MFQS instrument as of the MFQS Effective Date. For addition actions, this field will reflect the Issue Name for the instrument being added to the system. reflect the Issue Name for the instrument being added to the system. field will reflect the Issue Name as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the Issue Name of the instrument being reinstated to the MFQS system. Denotes the name of the Issuer / Sponsor for the MFQS instrument at the time of the MFQS Daily List file posting. For addition actions, this field will not be reflect the Issuer Name for the instrument being replaced in the system. Revised: January 12, 2018 Page 22

23 field will reflect the Issuer Name in system on the Daily List posting date. For deletion actions, this field will reflect the Issuer Name for the instrument being removed from the system. For restore actions, this field will not be Issuer Name New Text up to 150 bytes Denotes the name of the Issuer / Sponsor for the MFQS instrument as of the MFQS Effective Date. Exchange for Listed s Current 4 bytes, For addition actions, this field will reflect the Issuer Name for the instrument being added to the system. reflect the Issuer Name for the instrument being added to the system. field will reflect the Issuer Name as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the Issuer Name for the instrument being reinstated to the MFQS system. Denotes the IS Market Identification s (MICs) for the primary listing market center for the MFQS instrument at the time of the Daily List posting. Note: This field will be populated for closedend funds / exchange traded funds and structured products only. For addition actions, this field will not be not be field will reflect the Listing Exchange in system on the Daily List posting date. For deletion actions, this field will reflect the Listing Exchange for the instrument being removed from the system. For restore actions, this field will not be Revised: January 12, 2018 Page 23

24 Exchange for Listed s New 4 bytes, Denotes the IS Market Identification s (MICs) for the primary listing market center for the MFQS instrument as of the MFQS Effective Date. Note: This field will be populated for closed-end funds / exchange traded funds and structured products only. Exchange Symbol For Listed s Current Exchange Symbol For Listed s New 11 bytes, 11 bytes, For addition actions, this field will reflect the Listing Exchange for the instrument being added to the system. not be field will reflect the Listing Exchange as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the Listing Exchange for the instrument being reinstated to the MFQS system. Denotes the ticker symbol for the MFQS instrument on its primary listing market at the time of the Daily List posting. Note: This field will only be populated if the exchange code field above is For addition actions, this field will not be not be field will reflect the Listing Exchange in system on the Daily List posting date. For deletion actions, this field will reflect the Listing Exchange for the instrument being removed from the system. For restore actions, this field will not be Denotes the ticker symbol for the MFQS instrument on its primary listing market as of the MFQS Effective Date. Note: This field will only be populated if the exchange code field above is Revised: January 12, 2018 Page 24

25 Newspaper Category Current Newspaper Category New 20 bytes, (inclusive of spaces) 20 bytes, (inclusive of spaces) For addition actions, this field will reflect the Listing Exchange Symbol for the instrument being added to the system. not be field will reflect the Listing Exchange Symbol as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the Listing Exchange Symbol for the instrument being reinstated to the MFQS system. Denotes the heading to be displayed in print media stock tables in for the MFQS Issuer / Fund Family as of the Daily List posting date. This field will only be populated if the MFQS Fund Type Current field value is equal to MF (Mutual Fund News Media List) or $$ (Money Market Fund News Media List). For addition actions, this field will not be not be field will reflect the Newspaper Heading in system on the Daily List posting date. For deletion actions, this field will reflect the Newspaper Heading for the instrument being removed from the system. For restore actions, this field will not be Denotes the heading to be displayed in print media stock tables in for the MFQS Issuer / Fund Family as of the MFQS Effective Date. Note: This field should only be populated if the MFQS Fund Type New field value is equal to MF (Mutual Fund News Media List) or $$ (Money Market Fund News Media List). For addition actions, this field will reflect the Newspaper Heading for the instrument being added to the system. Revised: January 12, 2018 Page 25

26 not be field will reflect the Newspaper Heading as of the MFQS Effective Date. For deletion actions, this field will not be For restore actions, this field will reflect the Newspaper Heading for the instrument being reinstated to the MFQS system. Newspaper Abbreviation Current Denotes the descriptive symbol to be displayed in the print media stock tables for the MFQS instrument as of MFQS Effective Date. 16 bytes, (inclusive of spaces) Note: This field should only be populated if the MFQS Fund Type Current field value is equal to MF or $$. Newspaper Abbreviation New 16 bytes, (inclusive of spaces) For addition actions, this field will not be not be field will reflect the Newspaper Symbol in system on the Daily List posting date. For deletion actions, this field will reflect the Newspaper Symbol for the instrument being removed from the system. For restore actions, this field will not be Denotes the descriptive symbol to be displayed in the print media stock tables for the MFQS instrument as of MFQS Effective Date. Note: This field should only be populated if the MFQS Fund Type New field value is equal to MF or $$. For addition actions, this field will reflect the Newspaper Symbol for the instrument being added to the system. not be field will reflect the Newspaper Symbol as of the MFQS Effective Date. For deletion actions, this field will not be Revised: January 12, 2018 Page 26

27 For restore actions, this field will reflect the Newspaper Symbol for the instrument being reinstated to the MFQS system. Pricing Agent Current Text up to 150 bytes Denotes the name of the firm responsible for submitting valuation data for MFQS instrument at the time of the Daily List posting. Pricing Agent New Text up to 150 bytes For addition actions, this field will not be reflect the Pricing Agent for the instrument being replaced in the system. field will reflect the Pricing Agent in system on the Daily List posting date. For deletion actions, this field will reflect the Pricing Agent for the instrument being removed from the system. For restore actions, this field will not be Denotes the name of the firm responsible for submitting valuation data for MFQS instrument as of the MFQS Effective Date. Pricing Frequency Current 1 byte, For addition actions, this field will reflect the Pricing Agent for the instrument being added to the system. reflect the Pricing Agent for the instrument being added to the system. field will reflect the Pricing Agent as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the Pricing Agent for the instrument being reinstated to the MFQS system. Denotes the pricing frequency for the MFQS instrument as of the Daily List posting date. Allowable values are: I D W B Intraday Daily Weekly Bi-weekly Revised: January 12, 2018 Page 27

28 M Q S A Monthly Quarterly Semi-Annual Annual Pricing Frequency New 1 byte, For addition actions, this field will not be reflect the MFQS Pricing Frequency for the instrument being replaced in the system. field will reflect the MFQS Pricing Frequency in system on the Daily List posting date. For deletion actions, this field will reflect the MFQS Pricing Frequency for the instrument being removed from the system. For restore actions, this field will not be Denotes the expected pricing frequency for the MFQS instrument as of MFQS Effective Date. Allowable values are: I D W B M Q S A Intraday Daily Weekly Bi-weekly Monthly Quarterly Semi-Annual Annual Please note that, if the Issuer does not provide this information, the default pricing frequency will be Daily. For addition actions, this field will reflect the MFQS Pricing Frequency for the instrument being added to the system. reflect the MFQS Pricing Frequency for the instrument being added to the system. field will reflect the MFQS Pricing Revised: January 12, 2018 Page 28

29 Frequency as of the MFQS effective date. For deletion actions, this field will not be For restore actions, this field will reflect the MFQS Pricing Frequency for the instrument being reinstated to the MFQS system. Country of Issuance ISIN Current 2 bytes, 12 bytes, Denotes the primary registration location for the issuance as of MFQS Effective Date. For this field, Nasdaq will use IS 3166 country codes. Reserved for future use. Denotes the ISIN for the MFQS at the time of the Daily List posting. The ISIN should map to the country of issuance. ISIN New Currency Inception Date NAV Inception Date 12 bytes, 3 bytes, Date, MM/DD/YYYY 11 bytes, Reserved for future use. Denotes the ISIN for the MFQS as of the MFQS Effective Date. The ISIN should map to the country of issuance. Denotes the currency in which the MFQS instrument will submit valuation data as of MFQS Effective Date. Nasdaq will use the GitHub currency alphabetic codes for this field. The default value is USD. Denotes the date that the MFQS was created by the MFQS Issuer. Field will be stated in MM/DD/YYYY format if available. For addition actions, this field will reflect the Inception Date for the instrument being added. reflect the Inception Date for the instrument being added. field will reflect the Inception Date in the MFQS system for the security. For deletion actions, this field will not be For restore actions, this field will reflect the inception date for the instrument being reinstated to the MFQS system. Denotes the net asset value (NAV) for the MFQS instrument as of the Inception Date. Data format: $$$$$$$$.dddd. Refer to the Pricing Currency field for the denomination for the NAV. Revised: January 12, 2018 Page 29

30 Total Net Assets Inception Date Minimum Initial Subscription 15 bytes, 12 bytes, For addition actions, this field will reflect the Inception Date NAV for the instrument being added. reflect the Inception Date NAV for the instrument being added. field will reflect the updated inception date NAV if provided by the issuer. For deletion actions, this field will not be For restore actions, this field will reflect the inception date NAV for the instrument being reinstated to the MFQS system if available. Denotes the total net assets for the MFQS instrument as of the Inception Date. Data format: $$$$$$$$$$$$$$$. Refer to the Pricing Currency field for the denomination for the Total Net Assets. For addition actions, this field will reflect the Total Net Assets - Inception Date for the instrument being added. reflect the Total Net Assets - Inception Date for the instrument being added. field will reflect the updated Total Net Assets - Inception Date if provided by the issuer. For deletion actions, this field will not be For restore actions, this field will reflect the Total Net Assets - Inception Date for the instrument being reinstated to the MFQS system if available. Denotes the Minimum Initial Subscription amount for the MFQS instrument as of the Corporate Action Date. Data format: $$$$$$$$$.dd. Refer to the Pricing Currency field for the denomination for the subscription amount. Please note that Minimum Initial Subscription is an optional data entry field. Revised: January 12, 2018 Page 30

31 For addition actions, this field will reflect the Minimum Initial Subscription for the instrument being added. reflect the Minimum Initial Subscription for the instrument being added. field will reflect the Minimum Initial Subscription as of the Corporate Action Date. For deletion actions, this field will not be For restore actions, this field will reflect the Minimum Initial Subscription for the instrument being reinstated to the MFQS system. Minimum Incremental Subscription 12 bytes, Denotes the Minimum Initial Subscription amount for the MFQS instrument as of the Corporate Action Date. Data format: $$$$$$$$$.dd. Refer to the Pricing Currency field for the denomination for the subscription amount. Please note that Minimum Initial Subscription is an optional data entry field. pen To New Investors 1 byte, For addition actions, this field will reflect the Minimum Incremental Subscription for the instrument being added. reflect the Minimum Incremental Subscription for the instrument being added. field will reflect the Minimum Incremental Subscription as of the Corporate Action Date. For deletion actions, this field will not be For restore actions, this field will reflect the Minimum Incremental Subscription for the instrument being reinstated to the MFQS system. Denotes if the MFQS is open or closed to new investors as of the Corporate Action Date. Allowable values are: C <space> Closed to new investors pen to new investors Not available Revised: January 12, 2018 Page 31

32 Please note that, if the issuer does not provide this flag, the default value will be. Number of Shareholders Number of Shareholders Date Total Shares utstanding 12 bytes, Date, MM/DD/YYYY 12 bytes, For addition actions, this field will reflect the Flag for the instrument being added. reflect the Flag for the instrument being added. field will reflect the Flag as of the Corporate Action Date. For deletion actions, this field will not be For restore actions, the field will reflect the Flag for the instrument being reinstated to the MFQS system. Denotes the number of shareholders for the MFQS instrument as of the date listed in the field below. For addition actions, this field will reflect the Number of Shareholders for the instrument being added. reflect the Number of Shareholders for the instrument being added. field will reflect the Number of Shareholders as of the date listed below. For deletion actions, this field will not be For restore actions, this field will reflect the Number of Shareholders from the most recent MFQS application for the instrument being reinstated to the MFQS system. Indicates the As of Date associated with the Number of Shareholders field above. Field will be stated in MM/DD/YYYY format if available. This field will only be populated if the Number of Shareholders is provided. Denotes the number of total shares outstanding (TS) for the MFQS instrument as of date listed in the field below. For addition actions, this field will reflect the TS for the instrument being added. Revised: January 12, 2018 Page 32

33 reflect the TS for the instrument being added. field will reflect the TS as of the date listed below. For deletion actions, this field will not be For restore actions, this field will reflect the TS from the most recent MFQS application for the instrument being reinstated to the MFQS system. Total Shares utstanding Date Date, MM/DD/YYYY Indicates the As of Date associated with the TS field above. Field will be stated in MM/DD/YYYY format if available. This field will only be populated if the TS is provided. Total Net Assets 15 bytes, Denotes the Total Net Assets (in actual currency units) for the MFQS instrument as of the date listed in the field below. Data Format: $$$$$$$$$$$$$$$. Refer to the Pricing Currency field for the denomination for the Total Net Assets. For addition actions, this field will reflect the Total Net Assets for the instrument being added. reflect the Total Net Assets for the instrument being added. field will reflect the Total Net Assets as of the date listed below. For deletion actions, this field will not be For restore actions, this field will reflect the Total Net Assets from the latest MFQS application for the instrument being reinstated to the MFQS system. Note: MFQS allows firms to report Total Net Assets via the MFQS Valuation Module on a daily basis. nce a security is active on the MFQS system, firms should use the Mutual Fund Dissemination Service (MFDS) product for Total Net Asset information. Revised: January 12, 2018 Page 33