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DSB Fund Information Platform
User Guide for Internal Site
Version: 1.0
Effective Date: Sept 2011
DSB Fund Information Platform User Guide for Internal Site
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Revision History
Version Date Author Description
1.0 08-09-2011 Morning Star & DSB First release of the user guide
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Table of Contents
1.Accessing the Site ............................................................................................................................... 4
2.System Requirements ......................................................................................................................... 4
3.Differences between Public and Internal Sites .................................................................................. 5
4.Summary on the display of performance figures .............................................................................. 6
5.Fund Search ......................................................................................................................................... 7
5.1 Searching for Funds .......................................................................................................... 7
5.2 Clear search criteria ........................................................................................................... 8
5.3 Retrieve search results ...................................................................................................... 8
5.4 Search Results .................................................................................................................. 8
6.Morningstar Fund Report™ HTML ................................................................................................... 13
6.1 View Morningstar Fund Report™ of a fund ...................................................................... 13
6.2 Contents of the Morningstar Fund Report™ .................................................................... 14
6.3 Morningstar Fund Report™ - Overview ........................................................................... 15
6.4 Morningstar Fund Report™ - Performance & Risk .......................................................... 16
6.5 Morningstar Fund Report™ - Portfolio ............................................................................. 17
6.6 Morningstar Fund Report™ - Management & Documentations ....................................... 20
6.7 Morningstar Fund Report™ - Historical Price & Div ......................................................... 21
6.8 Morningstar Fund Report™ - Interactive Chart ................................................................ 23
7.Fund Comparison .............................................................................................................................. 25
7.1 Step 1: Select Funds ....................................................................................................... 25
7.2 Step 2: Review of the selected Funds ............................................................................. 26
7.3 Step 3: Select comparison criteria ................................................................................... 26
7.4 Step 4: Select way of output ............................................................................................ 26
7.5 Additional features of HTML comparison report ............................................................... 27
7.6 Related warning messages ............................................................................................. 28
8.Charting Tools .................................................................................................................................... 29
8.1 Step 1: Select Funds ....................................................................................................... 29
8.2 Step 2: Choosing Benchmark indices .............................................................................. 29
8.3 Step 3: Review of the selected funds/indices .................................................................. 30
8.4 Switch between Growth Chart and Risk & Return Chart .................................................. 30
8.5 Growth Chart ................................................................................................................... 31
8.6 Risk & Return Chart ......................................................................................................... 32
8.7 Print the chart .................................................................................................................. 32
8.8 Add/change funds after generating the chart ................................................................... 33
8.9 Check individual fund’s Morningstar Fund Report™ from the chart page ........................ 33
8.10 Related warning messages ............................................................................................. 33
9.Formulas ............................................................................................................................................. 34
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1. Accessing the Site
Internal Site
Staff at all branches can access the internal site by clicking the desktop icon below.
Public Site
External customers can access the public site via DSB website.
2. System Requirements
Below are the standard requirements for end-users’ computer workstations to browse the Site properly
(applicable to both the internal site and the public site).
Hardware Requirements
Processor type and speed Intel Pentium II, 400 MHz or higher
RAM 256 MB or above
Internet connection DSL, cable modem, or better
Internet connection speed 1.44 Mbps recommended
Monitor resolution 1024 x 768 with at least 65,536 colors is the optimal resolution.
Other resolutions are also supported.
Software Requirements
Operating system Windows 2000, Windows 2003, Windows XP , Windows Vista
and Windows 7
Browser
Microsoft Internet Explorer 6, 7 and 8
Firefox 3.x
Safari 4.x and 5.x
Chrome 7.x and 8.x
Browser settings Cookies and JavaScript enabled
Adobe Acrobat Reader Version 5.0 or higher
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3. Differences between Public and Internal Sites
The key differences between the public site and the internal one are listed below:
Public Site Internal Site
Target Users Customers and DSB staff DSB staff only
Method of Access Through DSB website link Through Fund 360 desktop icon
Fund Universe Only funds available for sale Includes all funds that are available for
sale or have customer holdings
Search criteria Only the 6 criteria below:
Fund House
Product Type
Category
Investment Objective
Currency
Product Risk Rating
In addition to the 6 criteria for the public
site:
Distribution Type
Fund of the Quarter
Available for Sale
Available for Investment Fund
Savings Plan
Morningstar™ Rating
Total Net Assets (USD Mil)
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4. Summary on the display of performance figures
Function Performance Figure Calculating Currency
Fund Search YTD Return (%)
Cumulative Return (%)
Calendar Year Performance (%)
3 Year Volatility (%)
Reporting Currency
Total Net Assets (mil) USD
Morningstar® Fund Report™ Performance History
Trailing Return
Calendar Year Returns (%)
Standard Deviation
Sharpe Ratio
Total Net Assets(mil)
NAV
USD
Day Change
Historical Price
Dividend Record
Reporting Currency
Interactive Chart Depends on the currency
chosen
Fund Comparison All performance statistics, including
charts (except Total Net Assets (mil))
Depends on the currency
chosen
Total Net Assets (mil) USD
Charting Tools Growth Chart Reporting currency
Risk & Return Chart USD
Performance figures table Depends on the currency
chosen
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5. Fund Search
5.1 Searching for Funds
To search for funds, click the “Fund Search” on the Functional Bar. You can screen the funds based on
the 12 search criteria below, or search the fund by inputting the fund name or fund code:
Search Criteria Remarks
Fund House Includes fund houses that are on-shelf and off-shelf.
Investment Objective Income Focused; Mainly Capital Appreciation; N/A
“N/A” for funds not available for sale to retail clients.
Category “N/A” for funds not available for sale to retail clients.
Product Type “N/A” for funds not available for sale to retail clients.
Currency Currency of the fund
Distribution Type Accumulation; Cash; Unit; Not Specified
Fund of the Quarter Updated quarterly
Product Risk Rating 1-4
Available For Sale Select “No” to show funds that are not available for sale
Available for Investment
Fund Savings Plan
Select “Yes” to view only funds available for Investment Fund
Savings Plan.
Morningstar Rating™ You can select more than one rating
Total Net Assets (USD Mil) Slide the value bar to bound the range of total net assets
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5.2 Clear search criteria
You can click the “Reset” button at the bottom right corner to clear all search criteria previously set.
5.3 Retrieve search results
Before searching, check the number of total results. Click on the “Search” button to retrieve the search
results.
5.4 Search Results
5.4.1 Layout of the search results page
Below shows the components of the search results page:
Functional Bar
3 key functions
i. Fund search
ii. Fund comparison*
iii. Charting tools*
* Refer to sections 7 and 8 for details of Fund Comparison and Charting Tools respectively.
Click to reset all
search criteria
No. of total results
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Contents – Headers
3 sets of fund data
i. Snapshot
ii. Performance
iii. Offering Documents
3 Action buttons
i. Funds of the Quarter: Show Funds of the Quarter only
ii. Add to Comparison: Add checked funds to Fund Comparison
iii. Add to Charting: Add checked funds to Charting Tools
Contents – Search results
Back to fund
search page
Check a box to
select the fund
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5.4.2 Data in the Fund Search
For this section, the returns are calculated in the reporting currency of the specific funds; and the volatility
is calculated in USD.
Snapshot
You can find basic information via Snapshot, including the Product Risk Rating, Investment Objective etc.
The YTD return (%) and Latest Price will be updated by each day day-end.
Performance
This section shows the return (in cumulative and calendar year) and the risk of Funds. The cumulative
return will be updated by day end while the calendar year performance and the 3 year volatility will be
updated by month end.
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Offering Documents
The offering documents can be found via this section, different icons represent different offering
documents (F– Factsheet; P – Prospectus / Explanatory Memorandum; A – Annual Report; I – Interim
Report and K – Key Facts Statement).
* Disable the “Pop-Up Blocker” of your browser before clicking the icons.
5.4.3 Distinguish between funds available/unavailable for sale
Unlike the public site, the internal site includes both funds available for sale to retail clients and those
which are not. Each available for sale fund has an available for sale icon next to its name in the fund list.
While all funds can be viewed and added to Fund Comparison / Charting Tools, only available for sale
funds can be offered to customers.
Sorting function
To sort search results by a column parameter, click the column’s header. Click once to sort in ascending
order and twice in descending order. A triangle pointing up (down) on the right of the header indicates an
ascending (descending) order.
For example, click the
“Fund Name” header to
sort funds by name.
Meaning of the symbol:
- Ascending order
- Descending order
The available for sale icon
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5.4.4 Add funds to Fund Comparison
Refer to section 7.1 for how to click to add funds to Fund Comparison/view the Comparison List on the
search results page.
5.4.5 Add funds to Charting Tools
Refer to section 8.1 for how to click to add funds to Charting Tools/view the Charting List on the search
results page.
5.4.6 Related warning messages
On the search results page, you may get the following warning messages. If this happens, check the
table below for the appropriate corresponding actions.
Warning Messages Problems and Solutions
You can only select up to 3 funds for comparison
at a time. Please select again.
You have chosen more than 3 funds for
comparison. Select 2-3 funds only and then try
again.
Your selected fund(s) has been added to the
comparison list already. Please select again.
Some of the funds you have chosen are already
included in the fund basket for Fund
Comparison/Charting Tools. Deselect those funds
and then try again.
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6. Morningstar Fund Report™ HTML
Note: The fund information contained in the Morningstar Fund Report™ HTML, such as fund portfolio
and sector allocation, is provided by Morningstar and maybe different from the fund factsheet. For the
latest information, please refer to the latest offering documents.
6.1 View Morningstar Fund Report™ of a fund
To view the Morningstar Fund Report™ of a fund, click on the fund code or the name of that fund on the
search results page.
After clicked, the page will be directed to the Fund Report section:
An individual Morningstar Fund Report™ comprises 6 sections, namely:
i. Overview
ii. Performance & Risk
iii. Portfolio
iv. Management & Documentations
v. Historical Price & Dividend
vi. Interactive Chart
For this section, the performance figures and the Growth Chart in this section are calculated based on
USD to facilitate comparison. Exchange rate fluctuations may affect the figures / charts if the reporting
currencies of the funds / indices differ from the currency selected for comparison. Besides, please note
the update date of the Trailing Returns may not be the same with different funds.
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6.2 Contents of the Morningstar Fund Report™
The contents of the 6 sections of a fund report are as follows:
Section Contents
Overview Performance History
Key Stats
Trailing Returns
Benchmark
Product Focus
Portfolio Profile
Performance & Risk Growth Chart
Calendar year Returns
Trailing Returns
Morningstar Rating™ (Relative to Category)
Return/Risk Analysis
Portfolio For equity funds,
Investment Style Details
World Regions
Sector Weightings
Top Holdings
For bond funds,
Investment Style Details
Credit Quality Breakdowns
Maturity Distributions
Top Holdings
For balanced/money market funds,
Investment Style Details
World Regions
Sector Weightings
Maturity Distributions
Credit Quality Breakdowns
Top Holdings
Management & Documentations Management
Fees and Expenses
Offering Documents
Historical Price & Div
(max. 5 years’ records)
Historical Price
Dividend Record
Interactive Chart Growth Chart
Price Chart
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6.3 Morningstar Fund Report™ - Overview
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6.4 Morningstar Fund Report™ - Performance & Risk
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6.5 Morningstar Fund Report™ - Portfolio
The contents of this section vary across different types of funds. For example, funds that invested in
equities have Equity % breakdown in region and sector while funds that invested in bonds proportion of
bonds have a Credit Quality Breakdown in its fund report.
Sample screen for equity funds
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Sample screen for bond funds
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Sample screen for balanced / money market funds
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6.6 Morningstar Fund Report™ - Management & Documentations
Note: The figures under “Fees and Expense” section are global fees which are provided by Morningstar
and should only be used as reference. The fees quoted in this Site may differ from the fees shown on the
prospectus or factsheet. The actual subscription and redemption fee should be communicated to
customer according to the latest prospectus and factsheet.
*Disable the “Pop-Up Blocker” of your browser before clicking the icons.
You can click on the icons to
open the documents in PDF
format in a pop-up window.*
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6.7 Morningstar Fund Report™ - Historical Price & Div
This section shows the historical prices and dividend records of the selected fund. The default period of
data shown is 1 year and a maximum of 5 years’ records can be retrieved. You can export the data to an
Excel file by clicking the “Export to Excel” icon below.
Historical Price Enquiry
Select the time period of data
here (max. 5 years)
Click to export the data
in Excel format
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Dividend Record Enquiry
For dividend records, the maximum period of data is also 5 years. In addition, there should be different
displays depending on the fund’s distribution type.
Select the period of data here
(max. 5 years).
Click to export the
data in Excel format.
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6.8 Morningstar Fund Report™ - Interactive Chart
The Interactive Chart section provides Growth Chart and Price Chart functions. Note that the
performance figures and the charts in this section are calculated/plotted based on the currency selected
(USD/HKD/EUR) to facilitate comparison. The default currency and time period for comparison are USD
and 3 years respectively.
6.8.1 Layout
Below is the webpage layout of Growth Chart. The layout of Price Chart slightly differs from that of
Growth Chart, but the functions are similar.
i. Chart type: Growth / Price chart
ii. Benchmark: Select from drop-down menu or search by name/ISIN
iii. Currency USD/HKD/EUR
Check value of the fund / index
The figure next to the fund/index names in the legend indicates the latter’s value at the selected point of
time.
The highlighted area indicates the period of time shown in the larger chart above. Drag the
highlighted box to adjust the period of time for comparison.
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6.8.2 Add benchmark funds/categories/indices to the chart
You can add a benchmark fund/category/index* to the chart for comparison by:
Method 1: Search for words contained in fund names, and a list of search results will appear
Method 2: Click the “Benchmark” icon, and then choose the desired benchmark*
* Choose an appropriate index/category for fair comparison
6.8.3 Remove benchmark funds/categories/indices from the chart
Click the cross on the right of that fund / category / index to remove it from the chart.
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7. Fund Comparison
Note: The fund information contained in the Fund Comparison, such as fund portfolio and sector
allocation, is provided by Morningstar and maybe different from the fund factsheet. For the latest
information, please refer to the latest offering documents.
7.1 Step 1: Select Funds
There are 2 methods to choose funds to compare:
Method 1: Pick funds from search results page to compare
1. Select up to 3 funds on the search results page by checking the boxes in front of their fund codes
2. Click “Add to Comparison”
Method 2: Select funds directly on the “Fund Comparison” page
1. Click the “Fund Comparison” tab on the Functional Bar
2. Select funds by (i) fund house, (ii) category, (iii) investment objective and (iv) product type. Select the
desired funds under “Fund Name”. Click the “Add to Comparison” button to add the selected funds to
the fund basket
1
2
1
2
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7.2 Step 2: Review of the selected Funds
The selected funds should be added to the fund basket on the Fund Comparison page. You can click the
cross on the right of a fund to remove that fund.
7.3 Step 3: Select comparison criteria
Define the time period (1 / 3 / 5 / 10 years) and the currency (USD / HKD / EUR) for comparison. You can
also add one benchmark index* in a category for comparison. Note that exchange rate fluctuations may
affect the figures and charts in the comparison report if the reporting currencies of the funds/indices differ
from the currency selected for comparison.
* Choose an appropriate index/category for fair comparison
7.4 Step 4: Select way of output
You can select “On-screen fund comparison” to generate the comparison report in HTML format, or select
“Download fund comparison report” for a printer-friendly PDF version. Then, click the “Compare Now”
button to generate the report.
*Disable the “Pop-Up Blocker” of your browser before generating the report.
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7.5 Additional features of HTML comparison report
7.5.1 Add or change the funds for comparison
To add or change the funds for comparison after generating the report in HTML format, you may:
1. Return to the Fund Comparison page without clearing the fund basket and settings: click the “Click to
add/change funds” header on the top of the report page or the “Add/Change” button at the bottom to
return to the 4-step fund comparison page
2. Click to return to the Fund Comparison page with the fund basket and settings cleared: click the
“Fund Comparison” tab on the functional bar, the fund basket and other settings will be cleared as
the result.
7.5.2 Check individual fund’s Morningstar Fund Report™ from the report page
By clicking the fund name on the top of the comparison table, you will be redirected to the Morningstar
Fund Report™ page of that fund.
2
1
1
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7.6 Related warning messages
On the fund comparison page, you may get the following warning messages. If this happen, check the
table below for the appropriate corresponding actions.
Warning Messages Problems and Solutions
You can only select up to 3 funds for comparison
at a time. Please select again.
You have chosen more than 3 funds for
comparison. Select 2-3 funds only and then try
again.
Your selected fund(s) has been added to the
comparison list already. Please select again.
Some of the funds you have chosen are already
included in the fund basket for Fund Comparison.
Deselect those funds and then try again.
Please select at least 2 funds for fund
comparison.
You have selected only 1 fund for comparison.
Select 1-2 more and then try again.
Please select fund, then click “Add to
Comparison”.
You have not selected any fund for comparison.
Select 2-3 funds and then try again.
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8. Charting Tools
8.1 Step 1: Select Funds
There are 2 methods to choose funds to plot charts:
Method 1: Pick funds from search results page to plot chart
1. Select up to 15 funds by checking the boxes in front of their fund codes
2. Click the “Add to Charting” button on the Functional Bar
Method 2: Select funds directly on the “Charting Tools” page
Select any one of the 4 search criteria and search for funds in the drop-down menu. The 4 search criteria
are (i) fund house, (ii) category, (iii) investment objective and (iv) fund of the quarter respectively.
8.2 Step 2: Choosing Benchmark indices
You can add benchmark indices* to the chart by selecting indices from the drop-down menu and then
clicking the “Add to Comparison” button on the right.
* Choose an appropriate index/category for fair comparison
1
2
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8.3 Step 3: Review of the selected funds/indices
The selected funds / indices should be added to the fund basket. You can click the cross on the right of a
fund to remove that fund, or click the “Clear all” icon on the top right corner to clear the fund basket. Then,
click the “Click here to plot the Performance Chart” button at the bottom of the page to generate the
charts.
8.4 Switch between Growth Chart and Risk & Return Chart
The Charting Tool provides 2 charts, namely Growth Chart and Risk & Return Chart. To switch between
the two charts, simply click the corresponding tabs on the top of the chart.
Click to switch between Growth
Chart and Risk & Return Chart.
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8.5 Growth Chart
You can select the period (1 / 3 / 5 year(s)) for the Growth Chart and the currency (EUR / HKD / USD) for
the performance figures below. The default settings are 3 years and USD. Note that the Growth Chart is
based on the reporting currencies of the funds / benchmarks, and change in currency will only affect the
figures in the table.
Select the time period for the
Growth Chart below.
Select the currency for the performance
figures below. Note that this does not
affect the Growth Chart above.
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8.6 Risk & Return Chart
Similar to the Growth Chart, you can select the period (1 / 3 / 5 year(s)) for the Risk & Return Chart and
the currency (EUR / HKD / USD) for the performance figures below (but not the Chart above). The default
settings are 3 years and USD. The Risk & Return Chart is based on USD.
8.7 Print the chart
To print the chart, click the “Print” icon at the top right corner of the page*.
*Disable the “Pop-Up Blocker” of your browser before clicking the icon.
Select the time period for the Risk &
Return Chart below.
Select the currency for the performance
figures below. Note that this does not
affect the Risk & Return Chart above.
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8.8 Add/change funds after generating the chart
To add or change the funds for chart comparison, you may:
1. Return to the Charting Tools page without clearing the fund basket and settings: click the “Click to
add/change funds” header above the chart
2. Click to return to the Charting Tools page with the fund basket and settings cleared: click the
“Charting Tools” tab on the functional bar
8.9 Check individual fund’s Morningstar Fund Report™ from the chart page
To acquire the detailed report of a fund, just click the name of that fund*. You will be redirected to the
individual report page of that fund.
8.10 Related warning messages
User may get the following warning messages when perform some actions in the fund comparison page.
The table below is the summary of the warning messages found in the fund search page.
Warning Messages Problems and Solutions
You can only select up to 15 funds for
comparison at a time. Please select again.
You have chosen more than 15 funds for
comparison. Select 2-15 funds only and then try
again.
Your selected fund(s) has been added to the
comparison list already. Please select again.
Some of the funds you have chosen are already
included in the fund basket for Charting Tools.
Deselect those funds and then try again.
Please select at least 2 funds for fund
comparison.
You have selected only 1 fund for comparison.
Select 1-14 more and then try again.
Please select fund, then click “ Add to
Comparison”.
You have not selected any fund for comparison.
Select 2-15 funds and then try again.
2
1
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9. Formulas
Sharpe ratio
Sharpe ratio uses standard deviation to measure a fund's risk-adjusted returns. The higher a fund's
Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on. Developed by its
namesake, Nobel Laureate William Sharpe, this measure quantifies a fund's return in excess of a
risk-free investment relative to its risk (or standard deviation).
Sharpe ratio is calculated using standard deviation and excess return to determine reward per unit of risk.
First, the risk-free rate is subtracted from the fund's average monthly return. The difference in total return
represents the fund's excess return beyond that of the risk-free rate. An arithmetic annualized excess
return is then calculated by multiplying this monthly return by 12. To show a relationship between excess
return and risk, this number is then divided by the standard deviation of the fund's annualized excess
returns. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance is.
𝑆ℎ𝑎𝑟𝑝𝑒 𝑟𝑎𝑡𝑖𝑜 = (𝑅𝑒𝑡𝑢𝑟𝑛 – 𝑅𝑖𝑠𝑘 𝑓𝑟𝑒𝑒 𝑟𝑎𝑡𝑒)𝑥 12
𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝐷𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 𝑜𝑓 𝐴𝑛𝑛𝑢𝑎𝑙𝑖𝑧𝑒𝑑 𝑒𝑥𝑐𝑒𝑠𝑠 𝑟𝑒𝑡𝑢𝑟𝑛𝑠
Calculating return figures
Fund returns are based upon NAV to NAV or bid to bid prices with dividend reinvested.
𝑅𝑒𝑡𝑢𝑟𝑛 = ( 𝐼𝑛𝑖𝑡𝑖𝑎𝑙 𝑝𝑟𝑖𝑐𝑒
𝐹𝑖𝑛𝑎𝑙 𝑝𝑟𝑖𝑐𝑒 − 1) × 100%
The price if the previous dealing date is used as the initial price. For example, if you wish to calculate the
fund return from 6/11/2010 to 7/12/2010, the initial price is the closing price of 5/11/2010 and the final
price is the closing price of 7/12/2010.
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