CompositeBuilder

How CompositeBuilder works

Connect your data

• Direct integrations with Addepar, Axys®, APX®, Black Diamond®, Orion, Ridgeline, and Tamarac® pull account data, labels, and returns from your portfolio system. A new flat file interface imports data from any source. Historical composite returns can be imported and combined with ongoing results.

Define and execute composite rules

• Assign accounts using labels and custom fields, minimum size (with a separate size-to-remain threshold), significant cash flows, cash or margin limits, position size limits, client-restricted positions, and assignment delays after inception or a strategy change.

• Holdings may optionally be compared to a model or approved list by security, asset class, sector, or segment. The rule will scan all accounts and include only those that match the targeted degree of precision. A model rule may also be used to limit the weight of assets outside of the model.

• Months when accounts should be blocked from composites due to client restrictions that cannot be quantitatively identified via position or transaction data may be imported or manually entered.

• Manual overrides may also be made to any assignments or excluded periods as required. Rules may also be run in validation mode to test effects without making actual changes.

Calculate and review

• Composite returns are calculated monthly, and each result set keeps a snapshot of every account value, cash flow, and return used, giving you a complete audit trail.

• The Portfolio Review highlights outliers with drill-down to positions and transactions, and a listing shows any eligible account not assigned to a composite.

Report and export

• Produce GIPS Reports from built-in templates, and 1-, 5-, and 10-year and since-inception returns for SEC Marketing Rule advertising.

• Up to four different model-fee net series may be created, each reflecting a rate for a specific target audience.

• All data exports in multiple formats, including exports tailored to the specific verification firm requests.

No black box

• All changes introduced by the execution of a rule may be quickly rolled back using a one click undo function, allowing an iterative design of rules that represent the nuances of the firm’s investment policy.

• A detailed log records every data point evaluated for each account, indicating why an account is included or excluded for any month.

• Lock finalized result sets, and compare recalculated prior periods to see exactly what changed.

• Changes to assignments, exclusions, and account attributes are time-stamped in an audit trail.

• Records are created for all periods where accounts have been explicitly excluded from a composite. The exclusion records, which explain the rationale for exclusion, are included in the verification exports.

See also: Reports ready to present · Why firms choose CompositeBuilder