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Investment analytics platform with global database of managed investments, securities, indexes, and market data. Includes portfolio analysis tools, ESG data, risk metrics, and performance attribution.
Platforms that help analyze market trends, company performance, and investment opportunities to inform decision-making.
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Global Market Data Access to data from international equity, fixed income, commodities, FX, and derivatives markets. |
Morningstar Direct provides international equity, fixed income, and multi-asset data, plus some coverage for commodities, FX, and derivatives via market data modules. | |
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Historical Data Depth Range of years of historical data available. |
No information available | |
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Alternative Data Integration Ability to ingest alternative data sources such as social sentiment, satellite imagery, credit card spend data, etc. |
Morningstar Direct has alternative data integrations, including ESG data and select external datasets. | |
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Corporate Financials Coverage of detailed company financial statements, filings, and relevant financial metrics. |
Morningstar Direct provides access to detailed company financials, statements, and analytics. | |
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Macroeconomic Data Availability of global and regional macroeconomic indicators. |
Platform includes macroeconomic indicators from major economies. | |
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Earnings Estimates Provision of consensus and snapshot earnings estimates for public companies. |
Morningstar Direct provides earnings estimates through its equity data modules. | |
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Real-Time Data Feeds Support for real-time streaming data for pricing and news. |
Offers real-time streaming for select pricing and news feeds (dependent on entitlements). | |
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Tick Data Granularity Level of detail for tick/transaction-level data. |
No information available | |
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Coverage Universe Size Number of companies, securities, or instruments covered. |
No information available | |
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Event Calendars Availability of forward-looking event calendars (earnings, dividends, macroeconomic releases). |
Provides financial event calendars, including earnings, dividends, IPOs, and more. | |
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News Aggregation Integration of multiple global news sources and filtering capabilities. |
News and research aggregation from multiple global sources. | |
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Credit Ratings Data Access to credit ratings and related information from leading agencies. |
Not as far as we are aware.* Credit ratings are referenced via issuer-level risk analytics but not directly from official external agencies. |
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Financial Modeling Toolkit Pre-built and customizable templates for DCF, comparables, LBO, merger models, etc. |
Provides modeling toolkits for portfolio analysis, performance attribution, and some DCF-type analyses. | |
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Risk Analysis Modules Tools for calculating VaR, stress testing, scenario analysis, and sensitivity testing. |
Contains multi-factor risk models and stress testing/analysis modules. | |
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Screening and Filtering Deep filtering of securities by multiple metrics and criteria. |
Deep security and fund screening functionality across thousands of metrics. | |
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Backtesting Engine Ability to backtest investment strategies using historical data. |
Has backtesting features for portfolios and investment strategies. | |
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Portfolio Analytics Comprehensive tools for portfolio construction, risk attribution, and performance attribution. |
Advanced portfolio analytics and attribution provided in the platform. | |
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Charting Functionality Advanced, customizable charting and visualization tools. |
Advanced charting and custom visualization tools are standard. | |
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Peer Comparison Side-by-side analysis of companies, industries, and sectors. |
Peer group analysis and benchmarking supported for funds, stocks, and portfolios. | |
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Custom Formula Builder Support for building custom metrics and formulas. |
Allows custom formulas and metrics in analytics modules. | |
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API Access for Analytics Exposing platform analytics via API for integration with other tools. |
Morningstar Direct API supports analytics programmatic access. | |
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Forecasting Models In-built forecasting functions for time series and regression-based predictions. |
Forecasting tools available for time series and risk/return projections. | |
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Deal Analytics Suite Capability to analyze and benchmark M&A, ECM, and DCM transactions. |
Not as far as we are aware.* Platform is focused on asset management; M&A and capital market deal analytics not core offering. |
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Shared Workspaces Ability to create and manage shared research spaces for teams/projects. |
Direct offers shared projects, dashboards, and workflow for teams. | |
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Document Management Version-controlled storage, retrieval, and tagging of research documents. |
Includes versioned document storage/retrieval for reports and models. | |
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Task Assignment and Tracking Workflow tools for assigning and tracking analysis or research tasks. |
Task assignment, notes, and tracking are part of the workflow section. | |
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Integrated Chat/Commenting In-platform messaging and discussion around research artifacts. |
No information available | |
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Approval Workflows Formal review and approval processes for research notes and publications. |
No information available | |
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Research Publication Tools Generation and distribution of research reports, including formatting, branding, and controlled dissemination. |
Research report publication, formatting, and workflow are included in the suite. | |
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Calendar Integration Syncing of research meetings, deadlines, and events with personal or team calendars. |
No information available | |
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Version Control Tracking and management of updates/edits to research documents and models. |
Versioning and audit trails for research documents and models included. | |
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Content Searchability Advanced search and retrieval of research notes, documents, and data. |
Robust content search across all investment, research, and analytic data. | |
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Automated Reminders Automated notifications for important research deadlines or market events. |
Automated reminders for portfolio updates, deadlines, and research events. |
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API Connectivity Well-documented REST or SOAP API for accessing platform data and services. |
REST APIs (Morningstar Direct Web Services) and programmatic access options. | |
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Third-Party Data Feeds Ability to integrate with external data providers (Bloomberg, Reuters, FactSet, etc). |
Third-party data feed integration options (e.g., Bloomberg, FactSet, Lipper) are available. | |
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Single Sign-On (SSO) Support for SSO for seamless authentication using corporate credentials. |
Supports corporate SSO integration. | |
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Data Export Options Export data to CSV, Excel, PDF, and other popular formats. |
Export to Excel, CSV, PDF, and other data formats supported across modules. | |
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CRM Integration Ability to link with CRM tools like Salesforce, Dynamics, etc. |
Integrations possible for Salesforce and other CRM tools via workflow modules. | |
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Custom Integrations Support for custom integration use cases through SDKs, webhooks, etc. |
SDKs, webhooks, and custom integration workflows are available for enterprise clients. | |
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ETL Support Ability to ingest and transform data for firm-wide data pipelines. |
Supports data transformation and ingest as part of enterprise implementation. | |
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BI/Visualization Tool Connectors Native connectors for PowerBI, Tableau, Qlik, etc. |
Integration with PowerBI, Tableau, and other visualization tools documented in user guides. |
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Intuitive Navigation Clean user interface with logical navigation structure. |
UI praised for navigation, with custom layouts for dashboards and analytics. | |
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Custom Dashboards Ability to create personalized dashboards with preferred modules and widgets. |
Users can create and save custom dashboards. | |
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Theme and Branding Options Support for custom firm branding and color schemes. |
White-labeling and branding options available for firm clients. | |
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Accessibility Compliance Compliant with WCAG or local accessibility standards. |
No information available | |
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Mobile Device Support Optimized experiences across mobile, tablet, and desktop devices. |
Web-based platform is fully responsive for mobile/tablet/desktop. | |
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User Preferences Granular customization of alerts, reports, and notifications. |
Alert, report, and notification preferences are customizable per user profile. | |
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Multi-Language Support Availability of platform in multiple languages. |
Multi-language support available for major regions (English, Japanese, Chinese, etc). | |
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Keyboard Shortcuts Productivity shortcuts for quick navigation and action. |
No information available |
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System Uptime Guaranteed platform uptime (SLA). |
No information available | |
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Response Time Average latency for user interactions and analytics queries. |
No information available | |
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Concurrent User Support Maximum number of users supported simultaneously. |
No information available | |
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Data Throughput Rate at which data can be processed or retrieved. |
No information available | |
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Load Balancing Automated distribution of workloads across system resources. |
Cloud-based platform uses automated load balancing for scaling. | |
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Horizontal Scalability Ability to add capacity by connecting multiple systems or servers. |
SaaS platform supports horizontal scaling via cloud infrastructure. |
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Data Encryption In-Transit All communications are protected by TLS/SSL or equivalent encryption. |
All communications encrypted in transit with TLS. | |
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Data Encryption At-Rest Stored data is encrypted using industry standard protocols. |
Data stored using at-rest encryption as per security documentation. | |
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Role-Based Access Control Granular user and permission management. |
Role-based access control for user management is available. | |
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Audit Logging Comprehensive logs for tracking all user and system activities. |
Audit logging for all platform activities is available. | |
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Regulatory Compliance Certifications Compliance with standards like GDPR, SOC2, ISO 27001, FINRA, etc. |
Compliance certifications include SOC2, GDPR, and others per vendor documentation. | |
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Multi-Factor Authentication Support for MFA in user logins. |
Multi-factor authentication is available for customer logins. | |
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Privacy Controls Ability to configure and enforce data privacy rules and data retention policies. |
Customer data privacy controls and retention policies configurable in user settings. | |
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Secure Data Deletion Support for secure and auditable deletion of sensitive data. |
Supports auditable secure deletion on customer request. |
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24/7 Support Access to live support around the clock. |
24/7 live support for enterprise clients (phone, email, chat). | |
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Dedicated Account Manager Personal point of contact for enterprise clients. |
Not as far as we are aware.* Account managers typically only for large institutional clients. | |
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In-Platform Tutorials Interactive guides for onboarding and user education. |
Has integrated tutorials and help overlays. | |
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Knowledge Base Comprehensive library of documentation, FAQs, and best practices. |
Comprehensive help resources and searchable documentation. | |
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Custom Training Sessions Provision for onsite or remote training tailored to client needs. |
Bespoke and remote training sessions available for clients. | |
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Response Time SLA Guaranteed support response time as per client tier. |
No information available |
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Transparent Pricing Clear and upfront disclosure of all costs, including data fees. |
Transparent and published pricing tiers visible on site. | |
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Modular Licensing Ability to purchase only specific modules or functionalities. |
Pricing and feature licensing are modular by market, data, and analytics modules. | |
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Usage-Based Pricing Option for per-user or per-usage pricing models. |
Usage-based and seat-based pricing models available. | |
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Volume Discounts Discounts for larger user numbers or extended contracts. |
Volume discounts available for large accounts or enterprise licenses. | |
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Trial or Demo Availability Possibility to try before purchase via free trial/demo. |
Proof-of-concept, demo, and trial programs offered to prospective clients. |
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Natural Language Processing Extraction and analysis of insights from unstructured data, such as news or filings. |
NLP modules power data extraction from filings, reports, and news. | |
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Smart Alerts AI-driven, context-aware alerts and recommendations. |
Smart, context-aware portfolio and market alerts available. | |
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Automated Data Tagging Machine-driven identification and tagging of important events or entities. |
System tags and classifies documents, events, and companies automatically. | |
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Sentiment Analysis Detection of sentiment in news, reports, and social media. |
Sentiment analytics in ESG, news, and social data modules. | |
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Predictive Analytics AI/ML-enabled forecasting and scenario analysis tools. |
Predictive analytics modules for markets and portfolios included. | |
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Personalized Recommendations AI-powered suggestions for research, analytics, or content tailored to each user. |
Personalized recommendations driven by user analytic patterns. |
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Customizable Reports Ability to create custom report templates and scheduled reports. |
Custom, scheduled, and white-labeled reporting are supported. | |
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Regulatory Reporting Out-of-the-box templates for regulatory and supervisory reporting. |
Regulatory reporting templates and filing assistance available. | |
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Usage Analytics Detailed tracking and reporting of platform usage. |
Admins can view usage analytics by user and department. | |
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Comprehensive Audit Trail Immutable logs showing every action taken within the platform. |
Every action in the platform tracked in an immutable audit trail. | |
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Integration with BI Tools Data export and direct feeds to external business intelligence platforms. |
Integration for analytics output and reporting to PowerBI/Tableau available. |
Comprehensive platforms that enable portfolio construction, optimization, rebalancing, and monitoring of investment portfolios across various asset classes. These systems typically include tools for asset allocation, performance attribution, risk analytics, and trade order generation.
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Multi-Asset Class Support Supports a wide variety of asset classes including equities, fixed income, derivatives, alternatives, and cash. |
Morningstar Direct supports multiple asset classes as it covers managed investments, securities, indexes, and market data. | |
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Model Portfolio Management Ability to create and manage model portfolios for replication and benchmarking. |
Model portfolio management and benchmarking are core functions according to product descriptions and use-case documentation. | |
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Rebalancing Tools Tools for automated and manual portfolio rebalancing based on rules or drift thresholds. |
Automated and manual rebalancing is offered as part of the portfolio management suite. | |
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Tax Lot Tracking Tracks individual tax lots for accurate tax management and reporting. |
Tax lot tracking capability is commonly referenced within the portfolio-level reporting features. | |
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Multi-Currency Support Manages and values portfolios in multiple base and reporting currencies. |
Multi-currency portfolio management and performance reporting are key elements of Morningstar Direct. | |
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Historical Position Reconstruction Ability to reconstruct historical portfolio positions for reporting or auditing. |
Historical reconstruction of positions and performance is available via transaction and holding-level data exports. | |
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Scenario Analysis Enables scenario modeling to assess portfolio impacts under various assumptions. |
Scenario analysis and risk modeling are highlighted in analytics and risk modules. | |
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Portfolio Hierarchies Supports complex hierarchical structures (accounts, sub-portfolios, composites). |
Product supports multiple levels of aggregation and subaccount structures. | |
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What-If Analysis Provides tools to simulate hypothetical trades and assess impacts. |
What-if and hypothetical trade simulations are incorporated in the analytics toolset. | |
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Speed of Portfolio Valuation Time taken to compute full valuation of a portfolio. |
No information available |
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Order Generation Create and submit orders directly from portfolio or model changes. |
No information available | |
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Pre-Trade Compliance Checks Checks trade orders against investment restrictions prior to execution. |
Pre-trade compliance and restriction checking is supported through integrated rule validation. | |
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Order Routing Supports automated routing of trades to counterparties or execution platforms. |
No information available | |
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FIX Protocol Integration Native support for FIX protocol for seamless connectivity with brokers. |
No information available | |
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Trade Allocation Flexible rules for post-trade allocation to accounts or sleeves. |
No information available | |
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Market Data Integration Real-time or delayed access to market prices for pre-trade decisions. |
Direct market data integration is a product hallmark; offers real-time and end-of-day data. | |
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Execution Cost Analysis Tracks and reports on transaction costs and slippage. |
Transaction cost analysis and slippage analytics are available for advanced users. | |
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Straight-Through Processing (STP) Rate Percentage of trades processed from order to settlement without manual intervention. |
No information available | |
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Time to Execute Trade Average time from order entry to execution fill. |
No information available | |
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Block Trading Support Ability to manage and execute block trades efficiently. |
No information available |
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Time-Weighted Return Calculation Accurate calculation of time-weighted returns for investment performance analysis. |
Time-weighted returns/calculations are standard and explicitly described in Morningstar’s performance analytics. | |
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Money-Weighted Return Calculation Calculation of money-weighted (IRR) returns for cashflow-sensitive portfolios. |
Money-weighted (IRR) performance metrics are a documented part of reporting. | |
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Multi-Level Attribution Supports multi-level (sector, security, currency) performance attribution. |
Supports multi-level (sector, region, security, style) performance attribution. | |
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Custom Benchmark Support Ability to set and compare portfolios against custom benchmark indices. |
Custom benchmarks and blended indexes can be uploaded or constructed. | |
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Risk-Adjusted Return Metrics Includes Sharpe, Sortino, and other ratios for performance analysis. |
Risk/return metrics such as Sharpe, Sortino, and others are highly visible in reporting modules. | |
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Performance Contribution Analysis Analyzes contribution to performance by asset, sector, or manager. |
Performance contribution by asset, manager, or security is a built-in report type. | |
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Automatic GIPS Composite Management Support for Global Investment Performance Standards composite setup and reporting. |
Morningstar enables GIPS composite calculations and reporting, a requirement for institutional users. | |
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Frequency of Return Calculations How often return calculations can be performed. |
No information available | |
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Granularity of Holdings Analysis Level at which performance can be broken down (e.g., lot, security, sector). |
No information available | |
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Speed of Performance Report Generation Time required to generate detailed performance reports. |
No information available |
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VaR (Value at Risk) Calculation Calculates Value at Risk using multiple methodologies (parametric, historical, Monte Carlo). |
VaR calculations and multiple methodologies are available within the risk module. | |
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Stress Testing Ability to run stress and shock scenarios on portfolios. |
Stress testing and extreme scenario modeling available in portfolio analytics/risk. | |
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Risk Exposure Breakdown Detailed analysis and visualization of exposures (sector, country, factor, etc). |
Risk exposure breakdowns by sector, country, factor, etc. are pictured in feature tours. | |
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Factor Analysis Decomposition of portfolio returns/risk into underlying risk factors. |
Factor analysis is available, with loadings and contributions reported. | |
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Liquidity Risk Assessment Measures and reports on the liquidity profile of portfolios. |
Liquidity risk profile and reports are shown in risk analytics screenshots and help docs. | |
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Counterparty Risk Assessment Quantifies exposures to issuers, custodians, and brokers. |
Counterparty risk and exposures to issuers/custodians is provided for credit risk uses. | |
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Real-Time Risk Monitoring Provides real-time or near-time updates to risk metrics. |
Product advertises real-time and near-real-time risk metrics. | |
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Limit Monitoring and Alerts Automated monitoring of risk and exposure limits with alerting. |
Automated limit monitoring and alerts are included (can set risk/exposure limits with notifications). | |
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Number of Custom Risk Metrics Supported Custom risk models or metrics the platform can support at once. |
No information available | |
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Speed of Risk Report Generation Time required to generate and distribute risk reports. |
No information available |
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Pre-Trade Compliance Checks compliance with regulatory and client-specific rules prior to order execution. |
Pre-trade compliance features are detailed for institutional users and asset managers. | |
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Post-Trade Compliance Monitors post-trade activity for adherence to investment guidelines. |
Post-trade compliance monitoring for guidelines and restrictions available in rule-based modules. | |
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Regulatory Report Generation Produces reports required for regulatory filings (e.g., Form PF, AIFMD, MiFID II). |
Regulatory report generation, including Form PF, AIFMD, MiFID II and others are available as built-in templates. | |
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Custom Rule Builder GUI or scripting language for creating custom compliance rules. |
Custom rule builder (GUI and scripting) offered for compliance configuration. | |
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Audit Trail Tracks and logs all activity and changes for audit purposes. |
Full audit trail/logging present and referenced in documentation and marketing materials. | |
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Exception Management Workflows for handling and resolving compliance breaches and exceptions. |
Exception management workflows for compliance breaches and remediation are referenced in compliance section. | |
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Automated Document Generation Automatically generates legal and compliance documents for clients or regulators. |
Automated document generation for regulatory/compliance reports (statements, filings, etc.). | |
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Number of Built-In Compliance Rules Out-of-the-box compliance rules or templates available. |
No information available | |
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Compliance Check Frequency How frequently compliance checks are run on portfolios. |
No information available | |
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Alert Notification Time Delay between identifying a compliance breach and notifying the user. |
No information available |
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Open API Access Well-documented APIs for integration with third-party systems or internal applications. |
Open API and data integrations are frequently cited, supporting custom and third-party links. | |
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Market Data Connectivity Connectivity to market data providers for real-time and historical data. |
Live connections to Bloomberg, Reuters, and other market data sources described as features. | |
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Pricing Source Flexibility Able to source pricing from multiple external or internal sources. |
Pricing can be sourced flexibly from multiple providers, clearly mentioned in system overviews. | |
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ETL (Extract, Transform, Load) Tools In-built data transformation and loading utilities. |
ETL utilities, data ingestion, and transformation tools available. | |
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Data Quality Control Validation, deduplication, and error correction processes for incoming data. |
Integrated data quality control including validation, deduplication, and correction. | |
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Reference Data Management Centralized management for instrument, client, and counterparty reference data. |
Reference data management (instruments, clients, counterparties) available and promoted for enterprise users. | |
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Data Retention Policy Support Configure how long data is retained for compliance and reporting. |
Data retention policies are configurable according to compliance and business needs. | |
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Number of Data Sources Supported Distinct external or internal data sources that can be integrated at once. |
No information available | |
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Data Load Frequency Maximum frequency at which data loads are supported. |
No information available | |
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Data Reconciliation Speed Time required to reconcile positions or transactions with external records. |
No information available |
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Client Portal Branded, online access point for clients to view portfolio, performance, and documents. |
A client portal is part of the offering for client/investor reporting and document access. | |
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Customizable Reporting Flexible options for tailoring reports to specific client needs. |
Reporting can be extensively customized per client and use-case. | |
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Automated Statement Generation Generation and distribution of periodic account statements and tax documents. |
Automated statement and document generation are standard. | |
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Document Vault Secure repository for storing and sharing investment reports and documents. |
Includes secure document vault/repository for reports and statements. | |
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Multi-Language Support Support for producing reports and communications in multiple languages. |
Multi-language support available for reporting and portal communications. | |
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Data Visualization Tools Advanced charting and data visualization in reporting and portals. |
Advanced charting and visual analytics are emphasized in marketing collateral. | |
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Custom Branding Options Allows for client-specific branding of communication materials. |
Product allows branded reports and portals for clients. | |
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Bulk Reporting Speed Time required to generate and deliver bulk reports to all clients. |
No information available | |
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Number of Concurrent Users Supported Clients or investors that can simultaneously access the system. |
No information available | |
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Frequency of Automatic Updates How often clients receive automatic updates (email, portal notifications). |
No information available |
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Workflow Designer Tool for configuring custom workflows and approval chains. |
No information available | |
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Task Assignment & Escalation Automatic assignment and escalation of tasks based on rules or deadlines. |
Task assignment, reminders, and escalation tools are noted in documentation for workflow automation. | |
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Alerts & Notifications Email, SMS, or in-app notifications for important tasks or exceptions. |
Alarms, notifications, and exception alerts via email/app. | |
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Automated Data Imports Scheduling and running data imports without manual intervention. |
Automated data imports from custodians, managers, and market sources are supported. | |
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Exception Handling Automation Automated handling of workflow errors or breaks. |
Automation of exception and error handling available through workflow features. | |
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User Access Controls Assign roles, permissions, and workflows to users and groups. |
Role-based permissions, group management, and workflow assignment are provided. | |
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Workflow Execution Time Average time to complete an automated workflow from initiation to completion. |
. | No information available |
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Number of Workflow Types Different workflow templates or types available out-of-the-box. |
. | No information available |
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Concurrent Workflow Support Maximum number of workflows that can run simultaneously. |
. | No information available |
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Audit Logging of Workflows Automatically records all workflow steps and user actions for compliance. |
. | No information available |
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Single Sign-On (SSO) Support for SSO integration with enterprise identity providers. |
Single sign-on via SAML/enterprise integration is available. | |
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Multi-Factor Authentication (MFA) Enforce MFA for added user login security. |
Multi-factor authentication is supported for system security. | |
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Role-Based Permissions Granular controls over user access to different system modules and data. |
Role-based and permission management is described in help center and admin guides. | |
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Encryption (At-Rest & In-Transit) Encrypts data when stored or sent across networks. |
Data is encrypted in transit and at rest per vendor's security documentation. | |
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Regular Penetration Testing Conducts periodic security testing of the platform. |
Vendor states regular security audits and penetration testing as part of managed platform. | |
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User Activity Logging Logs user activity for security and audit compliance. |
User activity logs and audit trails are available for accountability. | |
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Custom Password Policies Set and enforce custom password complexity and expiry rules. |
Administrators can configure password policy. See admin/security settings. | |
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Data Masking Ability to mask sensitive data fields for specific users. |
Sensitive field masking in reports and exports is available for compliance. | |
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Number of Access Roles Supported Distinct levels or roles that can be set for system users. |
. | No information available |
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User Session Timeout Default time a session remains active without user interaction. |
. | No information available |
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Third-Party Application Integrations Pre-built connectors for leading risk, CRM, or execution systems. |
Connectors/API options to integrate with CRM, risk analytics, and trade execution providers. | |
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Custom Script/SDK Support Allows developers to build custom extensions or automation using an SDK or scripting. |
SDK documented for analytics/reporting customization. | |
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Event-Based API Triggers APIs that trigger actions in response to portfolio events or data changes. |
. | No information available |
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Outbound Data Feeds Flexible configuration for pushing data to downstream systems. |
. | No information available |
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Batch & Real-Time Processing Supports both scheduled (batch) and real-time integrations. |
. | No information available |
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Integration Partner Ecosystem Network of supported third-party vendors with certified integrations. |
. | No information available |
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Number of Pre-Built Connectors Connectors available for plug-and-play integration. |
. | No information available |
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API Call Latency Time for average API request-response cycle. |
. | No information available |
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Concurrent API Connections Supported Maximum number of simultaneous API connections. |
. | No information available |
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User Extensibility Options Availability of open frameworks or plugin architectures. |
. | No information available |
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Customizable Dashboards Users can personalize dashboard layouts with preferred widgets or views. |
Users can personalize dashboard layouts and widgets. | |
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Mobile Access Optimized access from mobile and tablet devices. |
Morningstar Direct is accessible via mobile browsers and has solutions for mobile reporting access. | |
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Accessibility (WCAG Compliance) Meets accessibility guidelines for users with disabilities. |
No information available | |
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Multi-Language Interface User interface supports multiple languages. |
. | No information available |
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Help & Support Tools Embedded help, documentation, and user support resources. |
Product provides embedded help and support tools. | |
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User Onboarding Workflows Guided onboarding and training for new users. |
. | No information available |
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Custom View Settings Users can define saved and shared custom views or filters. |
Custom view and filter settings can be defined, saved, and shared. | |
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Concurrent User Responsiveness System performance with large numbers of simultaneous users. |
. | No information available |
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Average Page Load Time The average time to load application screens. |
. | No information available |
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Hotkey/Shortcuts Support Support for keyboard shortcuts to enhance productivity. |
. | No information available |
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Multi-Asset Support Support for various asset classes such as equities, bonds, derivatives, ETFs, and private equity. |
Widespread multi-asset support is a core element of product design. | |
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Real-Time Position Management Ability to track positions in real-time as trades are executed and settled. |
. | No information available |
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Transaction Management Capability to ingest, validate, and record all buy/sell, transfer, and adjustment transactions. |
. | No information available |
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Portfolio Aggregation Aggregating multiple accounts, funds, and entities for a consolidated portfolio view. |
Ability to aggregate multiple accounts/funds into consolidated views is well-documented. | |
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Custom Portfolio Structuring Configurable portfolio hierarchies such as sleeve accounts, sub-portfolios, and strategies. |
. | No information available |
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Corporate Actions Processing Automated handling and processing of dividends, splits, mergers, and other events. |
. | No information available |
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Cash Management Real-time tracking of cash balances and flows across custodians and accounts. |
. | No information available |
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Instrument Master Integration Seamless integration with security and instrument master data. |
. | No information available |
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Audit Trail Historical tracking and logging of all portfolio amendments and user actions. |
Audit trails are present, tracking amendments and user actions as part of compliance and portfolio management. | |
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Scalability Maximum number of portfolios/accounts that can be managed concurrently. |
No information available |
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Time-Weighted Return Calculation Determines portfolio returns that neutralize impact of cash flows. |
Time-weighted return calculation is a core portfolio performance metric. | |
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Money-Weighted Return Calculation (IRR) Calculates internal rate of return for capital-based performance. |
Internal rate of return (money-weighted) is supported. | |
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Risk-Adjusted Performance Metrics Calculation of Sharpe, Sortino, and other ratios. |
Risk-adjusted performance metrics (e.g., Sharpe, Sortino) are calculated and shown in reports. | |
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Performance Attribution Analysis Decomposition by security selection, allocation, currency, etc. |
Performance attribution analysis provided, including allocation, selection, and currency attribution. | |
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Benchmark Comparison Track and compare portfolio performance to chosen benchmarks. |
All portfolio and fund analytics can be benchmarked against standard and custom indices. | |
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Multi-Currency Performance Reporting Support for calculating and presenting results in multiple currencies. |
Multi-currency reporting supports valuation and performance reports in several base and presentation currencies. | |
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Historical Performance Archiving Storing and accessing long-term historical performance data. |
Long-term historical performance storage and access is a key feature. | |
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Granularity of Reporting The finest level (e.g. security, sector, account) at which performance is reported. |
. | No information available |
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Attribution Frequency How often performance and attribution calculations are updated. |
. | No information available |
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Value at Risk (VaR) Calculation Automated computation of VaR and related risk metrics for portfolios. |
VaR calculation and summary risk metrics are part of the standard offering. | |
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Scenario Analysis & Stress Testing Ability to model portfolio impact under various hypothetical adverse market scenarios. |
Scenario analysis and stress testing are accessible through dedicated risk and scenario analysis modules. | |
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Exposure Analysis Breakdown and monitoring of exposures (e.g. sector, region, currency). |
Exposure analytics breakdown is a core reporting feature. | |
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Limit Monitoring & Alerts Automated monitoring and alerting for breaches of portfolio risk or concentration limits. |
Risk rules and exposure/concentration limits can be set system-wide, with alerts. | |
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Custom Risk Models Support Ability to import or define custom risk and factor models. |
Morningstar offers support for custom risk models via user-defined risk factors and uploads. | |
|
Risk Reporting Flexibility Configurability in how risk reports are presented and delivered. |
. | No information available |
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Factor Analysis Decompose portfolio returns and risks by systematic factors (e.g. size, value, momentum). |
Factor breakdown for performance and risk is prominently featured in analytics modules. | |
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Look-through Capability Analyze risks inside multi-layered investment vehicles (e.g., funds of funds, ETFs). |
. | No information available |
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Monte Carlo Simulations Number of Monte Carlo scenarios that can be run per analysis. |
. | No information available |
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Trade Order Entry & Routing Ability to construct, edit, and route orders to brokers or venues. |
. | No information available |
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Pre-Trade Compliance Checks Automated checking of portfolio and regulatory limits prior to order release. |
. | No information available |
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Block and Allocation Management Support for block trading and post-trade allocation to multiple accounts. |
. | No information available |
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Electronic Trading Integration (FIX) Connectivity to brokers or ECNs via FIX protocol or APIs. |
. | No information available |
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Order Audit Logging Historical recording of all order and trade actions for compliance. |
. | No information available |
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Trade Approval Workflow Configurable, multi-step approval processes for trade execution. |
. | No information available |
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Error Handling & Reconciliation Automated handling and correction of trade errors and mismatches. |
. | No information available |
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Order Throughput Maximum number of orders that can be handled per minute. |
. | No information available |
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Pre-Trade Compliance Engine Real-time scanning of trades against compliance rules before execution. |
. | No information available |
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Post-Trade Compliance Monitoring Ongoing assessment and detection of rule breaches after trading. |
. | No information available |
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Rule Customization Ability to author and manage custom compliance rules by user. |
. | No information available |
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Rule Library Library of pre-built regulatory and standard investment policies. |
. | No information available |
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Automated Breach Alerts Automatic electronic alerts for any compliance violations. |
. | No information available |
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Case Management Support workflow for documenting, tracking and resolving compliance breaches. |
. | No information available |
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Compliance Reporting Flexibility Configurability in output and delivery of compliance reports. |
. | No information available |
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Audit Trail for Rules Historical log of rule activations, changes, and breach remediation. |
. | No information available |
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Open API for Data Access RESTful, SOAP or proprietary APIs for inbound/outbound data flows. |
. | No information available |
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Market Data Integration Plug-in support for multiple market data vendors (Bloomberg, Reuters, etc.). |
. | No information available |
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Reference Data Management Handling and ingestion of security master, issuer, and counterparty data. |
Handles security master and related reference data. | |
|
Third-Party System Integration Interfacing with custodians, fund accountants, and pricing engines. |
Integrates with custodians, pricing engines, and other third-party systems. | |
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Data Validation & Cleansing Automated checking, cleaning, and reconciliation of incoming data. |
Automated data validation/cleansing in data onboarding workflows. | |
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Data Latency Time between data arrival and system update. |
. | No information available |
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Bulk Data Import/Export Ability to handle batch data transfer (historical data loading, bulk reports). |
Supports batch/bulk data imports and exports for historical and operational data. |
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Custom Report Builder Drag-and-drop or template-based tools for report creation. |
Custom report builder with a drag-and-drop interface is promoted on product pages and documentation. | |
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Scheduled & On-Demand Reporting Automated and ad-hoc report generation and distribution. |
Scheduled and on-demand (ad hoc) report generation is a standard feature. | |
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Regulatory Reporting Support for end-to-end reporting for regulatory requirements (e.g. MiFID, Form PF). |
Regulatory reporting is supported for various jurisdictions, as detailed in product datasheets. | |
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Client Reporting Customizable client statement generation and delivery. |
Client reporting is available, including the creation and distribution of custom statements. | |
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Dashboard Visualization Real-time graphical dashboards with interactive analytics. |
Dashboards with real-time and interactive analytics are core elements of the UI. | |
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Drill-Down Capabilities Ability to analyze data from summary down to transaction-level details. |
Drill-down capability is present across performance and holdings analytics screens. | |
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Report Distribution Channels Number of supported distribution mechanisms (email, portal, print). |
. | No information available |
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Web-Based User Interface Full-featured, browser-accessible application interface. |
Web-based interface; users access via standard browsers. | |
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Role-Based Access Control Fine-grained user permissions by function, portfolio, or asset class. |
Granular role-based access settings provided for enterprise clients. | |
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Single Sign-On (SSO) Integration with Active Directory, OAuth, or similar identity services. |
Supports SSO (SAML, OAuth, enterprise integration). | |
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Mobile Device Support Accessible via smartphones and tablets. |
Mobile access is supported; mobile web compatibility and some reporting/app options are mentioned in product collateral. | |
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Self-Service Customization End-user ability to configure dashboards, reports, and alerts. |
Customizable dashboards and user-configurable alerts/reports are available features. | |
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Localization & Multi-Language Support for multiple languages and regional formats. |
Multi-language interface and regional settings are available for global clients. | |
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Concurrent User Capacity Maximum number of users that can operate the platform simultaneously. |
. | No information available |
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Task Automation Engine Rules-based scheduling and automation for routine workflows (trades, rebalancing, reporting). |
Workflow and rules-based automation for task scheduling are included. | |
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Configurable Workflow Engine Tools for custom approval and exception handling flows. |
Workflow engine is configurable for automating approval and notification flows. | |
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Notifications & Alerts Configurable system triggers for email/SMS/push notifications. |
Various notifications and alerts can be configured for multiple event types. | |
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Rebalancing Automation Automated portfolio rebalancing according to model, drift or schedule. |
Portfolio rebalancing can be automated according to models. | |
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Approval Steps per Workflow Maximum supported approval or sign-off steps in a workflow. |
. | No information available |
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Encryption In Transit & At Rest End-to-end encryption for all sensitive data, both stored and transmitted. |
Data encryption for both at-rest and in-transit, detailed in security documentation. | |
|
Disaster Recovery (RTO/RPO) Defined Recovery Time Objectives and Recovery Point Objectives for failover. |
Disaster recovery features and SLAs described for enterprise clients. | |
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Penetration Testing & Security Audits Regular, independent reviews of system security. |
Independent security audits and penetration testing are carried out regularly. | |
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Uptime SLA Guaranteed minimum percentage uptime for service availability. |
. | No information available |
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Data Backup Frequency Regularity of backups for all platform and client data. |
. | No information available |
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Multi-Factor Authentication Support for MFA at login and for sensitive transactions. |
Multi-factor authentication supported for both login and sensitive actions. | |
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Audit Logging Comprehensive logs for all user and system activities. |
Extensive logging of all user/system actions available. |
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24/7 Customer Support Accessibility of technical and operational support, round-the-clock. |
Morningstar Direct offers dedicated customer support, with extended hours and global support desks, though 24/7 is mentioned mostly for critical issues. | |
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Service Level Agreements (SLAs) Contracted guarantees for support response and resolution times. |
Product includes defined SLAs as part of enterprise agreements. | |
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Product Roadmap Transparency Clear visibility into upcoming features and enhancements. |
Product roadmap details and client communications are available per vendor releases. | |
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Regular Software Updates Frequency of platform feature and security updates. |
. | No information available |
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Documentation Quality Comprehensive, up-to-date user and developer documentation. |
Comprehensive documentation for users and developers available. | |
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Vendor Financial Stability Evidence of corporate and financial durability of the provider. |
Morningstar Inc is a public company with stable financials; stability referenced in vendor materials. | |
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Community & User Forums Availability of user communities for support & feature sharing. |
User forums and Morningstar community resources are accessible for Direct users. |
Tools that enable construction of model portfolios, scenario analysis, and strategy backtesting to optimize investment outcomes. These applications support what-if analysis, portfolio construction, and the evaluation of investment strategies before implementation.
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Asset Universe Selection Ability to define and select the investable universe of securities (stocks, bonds, alternatives, etc.). |
Morningstar Direct allows users to define and select asset universes including stocks, bonds, funds, and alternatives. | |
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Factor Modeling Support for multi-factor risk and return modeling (e.g., Fama-French, Barra). |
The platform supports factor models such as Fama-French in analytics and portfolio construction modules; factor exposure tools are specifically mentioned in documentation. | |
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Model Portfolios Ability to create and manage model portfolios as templates. |
Model portfolio creation and management is a highlighted capability of Morningstar Direct. | |
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Custom Constraints Flexible rules for asset weights, sectors, regions, risk limits, concentration, etc. |
Supports a range of custom constraints in weightings and exposures; documentation references flexible allocation rules. | |
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Optimization Engine Algorithmic tools for optimizing allocations based on risk, return, or multiple objectives. |
An optimization engine is available within its portfolio construction and analytics suite. | |
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Rebalancing Tools Automated or manual tools for portfolio rebalancing. |
Automated and manual rebalancing tools are documented as part of portfolio management workflows. | |
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Scenario Analysis Ability to simulate various market conditions or shocks. |
Scenario analysis is specifically referenced in Morningstar’s literature and platform screenshots. | |
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Multi-currency Support Ability to construct and track portfolios in multiple currencies. |
The system offers portfolio analysis and reporting in multiple currencies. | |
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Automated Cash Management Tools for handling cash flows, subscriptions, and redemptions automatically. |
Cash flow tracking and automated handling options are described in the feature set. | |
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ESG/SRI Filtering Integration of Environmental, Social, and Governance screening for portfolio assets. |
ESG/Sustainable investing filters are a prominent feature (Sustainalytics/Morningstar ESG integration). |
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Value at Risk (VaR) Calculation of portfolio or asset-level VaR metrics. |
VaR (Value at Risk) metrics can be calculated at portfolio and holding levels. | |
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Stress Testing Scenario-based risk assessment against historical or hypothetical scenarios. |
Stress testing tools are part of risk analytics included in Morningstar Direct. | |
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Attribution Analysis Performance and risk attribution tools by factor, sector, asset class etc. |
Risk/Performance attribution is available down to factor, sector, asset, and region levels. | |
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Liquidity Risk Analysis Assessment of how quickly assets can be sold without impacting price. |
Liquidity analytics are available for assets in the portfolio analysis module. | |
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Correlation Analysis Measurement of inter-asset and cross-portfolio correlations. |
Correlation analysis between assets, sectors, or benchmarks is a documented feature. | |
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Drawdown Measurement Calculation of historical and current maximum drawdowns. |
Drawdown measurement and analysis is available for all time series within portfolio analytics. | |
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Tracking Error Measurement of deviation from a benchmark index. |
Tracking error to major indices or custom benchmarks is a standard risk metric offered. | |
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Risk/Reward Metrics Availability of metrics such as Sharpe Ratio, Sortino, Information Ratio, etc. |
Risk/reward metrics such as Sharpe, Sortino, and Information Ratio are available in reporting and analytics. | |
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Real-time Risk Calculations Support for intraday or real-time calculation of major risk metrics. |
Real-time intraday risk calculations are not a standard offering; risk calculations are based on daily data. Near-real-time available for some use cases. | |
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Beta Calculation Calculation of beta to major indices or custom benchmarks. |
Beta calculations to standard and custom benchmarks are supported within portfolio analytics. |
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Custom Report Builder Ability to design and generate custom reports for stakeholders. |
Custom report builder tools are offered and are a core feature for delivering stakeholder-specific outputs. | |
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Automated Scheduled Reports Support for automated delivery of periodic performance and risk reports. |
Scheduled, automated reporting is available for performance, risk, and other metrics. | |
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Data Export Options Export data/reports to Excel, PDF, PowerPoint, CSV, etc. |
Exports supported to Excel, PDF, PPT, and CSV formats. | |
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Interactive Dashboards Web-based or desktop dashboards for exploring portfolio data interactively. |
Interactive, web-based dashboards for portfolio, peer group, and market analytics. | |
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Benchmarking Tools Visualization of portfolio vs. benchmark performance. |
Benchmarking tools for performance vs. benchmarks are standard in performance analytics. | |
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Drill-down Analytics Ability to drill down from summary to detail, including holdings-level views. |
Drill-down analytics are supported, enabling users to move from summary to holding or security level. | |
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Regulatory Compliance Reporting Pre-configured templates for regulatory disclosures. |
Regulatory templates are available for common frameworks in reports. | |
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Client Statement Generation On-demand or batch production of investor/client statements. |
Generation of client and investor statements is a supported function. | |
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Branded Customization Support for client or firm branding in output documents. |
Branded/customizable output support is available for client-facing documents. | |
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Data Visualization Speed Time required to render large portfolio visualizations or dashboards. |
. | No information available |
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Market Data Integration Integration with major market data providers (Bloomberg, Refinitiv, others). |
Integration with Bloomberg and Refinitiv, among other major market data vendors, is documented. | |
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Real-time Price Feeds Support for live security pricing updates. |
No information available | |
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Historical Data Coverage Access to deep historical prices, returns, corporate actions. |
Deep historical coverage is a key advantage; data goes back several decades for many securities. | |
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Alternative Data Sources Integration with ESG, sentiment, macro, or specialty data sets. |
ESG, macro, and specialty data sourced and available thanks to partnerships and internal data collection. | |
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Instrument Coverage Breadth Number of securities/instruments supported. |
No information available | |
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APIs for Data Import/Export APIs for ingesting portfolio/strategy data and extracting output programmatically. |
APIs are available for data ingestion and export, including for portfolio uploads. | |
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Custom Data Mapping Support for user-defined instrument or classification schemes. |
Not as far as we are aware.* Custom data mapping is limited to preset categories; user-defined schemes are not fully supported. | |
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Frequency of Data Updates How often database is refreshed with new data. |
. | No information available |
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Third-party OMS/EMS Integration Integration with Order Management/Execution Management Systems. |
OMS/EMS integrations are possible via partners and Morningstar APIs. | |
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Cloud Data Access Web-based, cloud storage, and remote-access options for data. |
Cloud-based, web application with secure data access from anywhere. |
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Time-weighted Return (TWR) Support for TWR calculation on portfolio and component level. |
TWR is supported for any portfolio or account using the analytics modules. | |
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Money-weighted Return (IRR/XIRR) Calculation of internal rate of return methods. |
Money-weighted return (IRR/XIRR) calculations are supported and documented. | |
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Gross and Net Performance Calculation of returns before and after fees/expenses. |
Gross and net performance presentation, including fee/expense impacts, is supported. | |
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Performance Attribution Ability to analyze sources of returns at various levels. |
Performance attribution analysis is included and customizable. | |
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Custom Period Calculation Support for non-standard or custom time periods. |
Custom periods (non-standard timeframes) can be set for return/risk analytics. | |
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Rolling Periods Analysis View returns/risk by rolling periods (e.g., trailing 1, 3, 5 years). |
Rolling periods (e.g. trailing 1, 3, 5 years) are available for analysis. | |
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Multi-currency Returns Returns in base and local currencies, with currency impact analysis. |
Multi-currency return analytics, including currency impact, are supported. | |
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Dividend/Income Tracking Account for and analyze impact of dividends, coupons, distributions. |
Tracks income such as dividends and distributions at portfolio and security level. | |
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Peer Group Comparison Comparative returns versus peer group/fund category. |
Peer group comparison to funds and mandates is a signature feature. | |
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Speed of Performance Calculation Time required to compute returns over multi-year periods. |
. | No information available |
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User Access Management Control permissions by team member role and portfolio. |
User roles and access rights can be managed by account administrators. | |
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Version Control Track portfolio/model version histories and restore prior states. |
No information available | |
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Change Audit Trail Comprehensive logging of changes to portfolio and settings. |
No information available | |
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Collaboration Notes/Comments Internal note system and workflow tagging. |
No information available | |
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Task Assignment/Tracking Assign and monitor tasks related to portfolio management. |
No information available | |
|
Notification & Alert System Customizable in-app or email alerts for key events. |
Notifications and alerts for portfolio, compliance, and data changes are available. | |
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Portfolio Sharing Share models/data securely with colleagues or clients. |
Portfolio sharing (read-only or editable) is available with proper permissions. | |
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Approval Workflow Multi-stage approvals for allocation or trading decisions. |
No information available | |
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Template Library Central repository for commonly used models/templates. |
Model library feature allows central templates for portfolio models. | |
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Concurrent User Support Number of users who can work on portfolios simultaneously. |
. | No information available |
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Rule-based Compliance Engine Flexible creation and application of investment guidelines. |
. | No information available |
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Pre-trade Compliance Checks Monitor guideline adherence before trades are executed. |
. | No information available |
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Post-trade Compliance Monitoring Ongoing monitoring and reporting of breaches. |
. | No information available |
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Automated Breach Alerts Automatic alerting when compliance rules are violated. |
. | No information available |
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Documentation Management Archive regulatory, legal, and guidelines documentation. |
. | No information available |
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Audit Trail of Compliance Actions Complete record of checks, alerts, and actions taken. |
. | No information available |
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Global Regulatory Support Support for regional regulatory frameworks (UCITS, 1940 Act, ESMA, etc.). |
. | No information available |
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KYC/AML Integration Built-in or integrated Know Your Customer/Anti-Money Laundering tools. |
. | No information available |
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Regulatory Filing Generation Automated production of required filings (Form PF, N-PORT, etc.). |
. | No information available |
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Compliance Rule Capacity Maximum number of distinct rules or guidelines supported. |
. | No information available |
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Customizable Workspace Personalize layouts, dashboards, and menus. |
Customizable workspace via dashboards and configurable interface. | |
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Multi-language Support Availability of platform in multiple languages. |
Multi-language available for global user base. | |
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Mobile/Tablet Access Optimized interface for mobile or tablet devices. |
Accessible via dedicated iPad app and mobile-optimized web. | |
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Accessibility Features Compliance with accessibility standards such as WCAG. |
WCAG and accessibility support documented for client-facing views. | |
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Drag-and-drop Functionality Interactive features for easier manipulation of portfolio components. |
Drag-and-drop supported in portfolio construction modules. | |
|
Navigation Speed Time to load or navigate typical screens. |
. | No information available |
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Onboarding Tutorials Built-in guided product tours and helpsheets. |
Onboarding guides and tutorials are included for new users. | |
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Keyboard Shortcuts Support for hotkeys/shortcuts across major tasks. |
No information available | |
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Client View Mode View interface/outputs as an end-client would see them. |
No information available | |
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Bulk Editing Tools Efficiently edit or update many portfolio elements at once. |
Features for editing multiple portfolio elements at once described in UI documentation. |
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Data Encryption (at rest/in transit) Sensitive data encrypted both on server and during transmission. |
Data is encrypted at rest and in transit according to Morningstar security materials. | |
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User Authentication Methods Multi-factor authentication and SSO support. |
Supports SSO and MFA login options reported on product security documentation. | |
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Backup & Restore Automated data backups and version restores. |
Automated backups and restore capabilities part of the SaaS infrastructure. | |
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Penetration Testing / Vulnerability Assessments Regular security testing of software and infrastructure. |
Regular penetration and vulnerability testing is described in product documentation. | |
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Uptime SLA Service Level Agreement for uptime/reliability. |
. | No information available |
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Disaster Recovery Plan Documented process for rapid data and service recovery. |
Disaster recovery plan described in enterprise and SOC 2 documents. | |
|
Data Center Location Disclosure Transparency around physical and cloud hosting environments. |
Cloud and physical data center disclosure is available upon client request. | |
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Concurrent Session Limit Number of simultaneous device logins permitted per user. |
. | No information available |
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Granular Role Permissions Ability to assign permissions at a granular feature level. |
Role-based access and granular feature permissions are supported. | |
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Audit Logs Track all user/system access and platform events. |
Audit logs available for system and user activity. |
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Open API Access Full-featured APIs for integrating with internal/external applications. |
APIs are documented and available for external integration. | |
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Custom Plug-ins/Extensions Ability to build/install custom analytics or interfaces. |
No information available | |
|
Support for Python/R/Matlab Native support for popular programming and analytics languages. |
Morningstar Direct supports Python access (Morningstar Direct Python API). | |
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Excel Integration Ingest/export data directly from/to Microsoft Excel. |
Direct Excel integration is a flagship feature, enabling data import/export. | |
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Webhook Support Event-driven notifications that can trigger external processes. |
No information available | |
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Pre-built Connectors Standard data and workflow connectors for third-party applications. |
. | No information available |
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Marketplace for Add-ons Ecosystem for third-party analytics, data sources, and modules. |
. | No information available |
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Code Library Sharing Central repository for firm or community-developed modeling code. |
. | No information available |
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Integration Setup Time Average time to establish a connection with major external systems. |
. | No information available |
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Support for Batch Processes Schedule and run analytics or imports/exports in batch. |
. | No information available |
Solutions that analyze and decompose investment performance to identify sources of returns and attribution to specific investment decisions, sectors, or factors. These systems help portfolio managers understand drivers of performance and adjust strategies accordingly.
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Multi-Source Data Ingestion Ability to import data from multiple custodians, fund administrators, market data vendors, and internal systems. |
Morningstar Direct integrates with multiple custodians, fund admin, market data vendors, and internal systems - as seen from its support for consolidated portfolio analytics. | |
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Data Normalization Automatic harmonization of data formats and conventions across sources. |
Morningstar Direct performs data harmonization and normalization across numerous sources and data types for analysis. | |
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Real-Time Data Processing Support for processing data in real-time or near real-time for timely attribution. |
Not as far as we are aware.* Morningstar Direct provides periodic not true real-time data. Confirmed via product documentation – updates are typically daily or batch; near-real-time not featured. | |
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Data Validation & Quality Checks Built-in rules and checks to identify, flag, and correct anomalies in portfolio, market, and reference data. |
Product includes multiple data quality and validation layers before data is released to users. | |
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Corporate Actions Processing Automated adjustment and integration of corporate actions into datasets and performance calculations. |
Morningstar Direct incorporates corporate actions adjustments as part of investment/performance calculations. | |
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Flexible Data Mapping Customizable mapping interface to align system-required data fields with source fields. |
Product supports customizable data mapping via import interfaces. | |
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Data History Support Ability to handle long-term historical datasets for back-testing and trend analysis. |
Historical return/price/portfolio history datasets are available for back-testing and trend analysis. | |
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Data Upload Speed Rate at which the system can upload data files. |
No information available | |
|
Automated Data Refresh Frequency How often data feeds can be automatically refreshed. |
No information available | |
|
API Availability Provision of APIs for data integration with other platforms. |
APIs for data integration are documented in Morningstar Direct integration materials. |
|
Multi-Level Attribution Analysis Support for total, top-down, bottom-up, Brinson, factor-based and hybrid attribution models. |
Morningstar Direct supports total, top-down, sector, factor, and hybrid performance attribution models. | |
|
Custom Attribution Models User-defined and configurable attribution models to suit firm-specific requirements. |
Custom models can be configured using custom benchmarking and user-defined grouping. | |
|
Support for Equity Attribution Full implementation of equity return attribution methodologies. |
Equity attribution standard is a core feature for fund/portfolio analysis. | |
|
Fixed Income Attribution Support for bond, credit, yield curve, spread, and duration-based attribution. |
Morningstar Direct offers fixed income attribution including spread, duration, and curve effects. | |
|
Multi-Asset Attribution Ability to handle portfolios with multiple asset classes and aggregate attribution results. |
Multi-asset class attribution is possible in client/group reports as per product marketing. | |
|
Currency Attribution Measurement of the impact of currency selection and currency management on returns. |
Currency impact on performance is a standard part of return decomposition. | |
|
Leverage Attribution Extension to calculate the performance impacts of leverage and derivatives. |
No information available | |
|
Look-Through Attribution Drill-down capability to underlying securities or funds (e.g., ETFs, mutual funds). |
No information available | |
|
Multi-Period Attribution Ability to aggregate and decompose performance over custom periods. |
Supports multi-period attribution aggregation and decomposition. | |
|
Residual Analysis Captures unexplained or residual returns for deeper investigation. |
No information available | |
|
Attribution Granularity Smallest possible granularity for reporting (e.g., sector, region, security). |
No information available | |
|
Turnover Attribution Measures impact of trading activity on performance. |
No information available |
|
GIPS Compliance Calculation methodologies are compliant with Global Investment Performance Standards (GIPS). |
No information available | |
|
Reconciliation Tools Built-in reconciliation of position-level data with accounting, custody, and front-office records. |
Reconciliation tools are part of position, transaction, and cash data management in Direct. | |
|
Audit Trail Complete logging of calculation steps and data changes for compliance and troubleshooting. |
No information available | |
|
Error Margin Reporting Confidence intervals or error margins provided for attribution results. |
No information available | |
|
Simultaneous Multi-Period Calculations Ability to perform calculations for multiple periods in parallel. |
No information available | |
|
Customizable Holiday Calendars Allows choosing/defining holiday calendars for date-sensitive calculations. |
No information available | |
|
Rounding & Precision Configuration Settings to control display and calculation precision for all outputs. |
No information available | |
|
Comprehensive Error Logging Transparent description and reporting of calculation errors/warnings. |
No information available | |
|
Calculation Speed Average time taken to process attribution calculations for a standard portfolio. |
No information available |
|
Customizable Reports Editable and re-usable report templates matching branding and client needs. |
Morningstar Direct provides customizable reporting, including branding and template re-use. | |
|
Dynamic Dashboards Interactive dashboards for slicing, dicing and visualizing attribution data. |
Interactive dashboards are provided according to product marketing. | |
|
Export Formats Ability to export results in PDF, Excel, CSV, PPT, and more. |
Exports to Excel, PDF, PowerPoint, and other formats are available. | |
|
Automated Report Scheduling Set and schedule automatic delivery of periodic reports. |
Reports can be scheduled and delivered automatically. | |
|
Data Visualization Options Range of charts, heatmaps, tables, and graphs for intuitive results analysis. |
Multiple charts, heatmaps, and visual data analysis options in reporting toolkit. | |
|
Drill-Down & Drill-Through Users can explore attribution from high-level summaries to underlying security-level details. |
Users can drill down from top-level to underlying data in reporting. | |
|
Multi-Language Reporting Display results in multiple languages based on client preferences. |
Not as far as we are aware.* Product materials and UI are in English. Multi-language reporting is not widely advertised or visible in documentation. | |
|
Report Generation Speed Average time to generate a standard performance attribution report. |
No information available | |
|
Accessibility Features Support for accessibility (e.g., screen readers, colorblind palettes) in all reports and dashboards. |
No information available |
|
Role-Based Access Controls Flexible user roles to control permissions for viewing or editing portfolios and reports. |
Role-based permissions can be set for user and team access to portfolios/reports. | |
|
Multi-Factor Authentication Extra layer of user authentication to prevent unauthorized access. |
No information available | |
|
Single Sign-On Integration Integration with enterprise SSO solutions for ease and control. |
Morningstar Direct supports SSO via SAML/Active Directory integration. | |
|
Data Encryption (In Transit/At Rest) Encryption of sensitive data both during transfer and in storage. |
Standard for major SaaS - encryption in transit and at rest is referenced by vendor for Direct. | |
|
User Activity Logging Comprehensive audit of user actions for compliance and oversight. |
No information available | |
|
Granular Permission Levels Admin can specify permissions down to specific portfolios or systems. |
Granular portfolio/user permissioning referenced in user management documentation. | |
|
Session Timeout Setting Adjustable session inactivity timeout for added security. |
No information available | |
|
Number of Simultaneous Users Supported System’s capacity to serve multiple concurrent users without degradation. |
No information available |
|
Horizontal Scalability System accommodates increased loads by adding more servers or cloud resources. |
Cloud-based product with scaling resources for larger user bases as referenced in Morningstar architecture docs. | |
|
Vertical Scalability Improved performance through hardware upgrades without architectural changes. |
Vertical scalability supported via cloud deployment – more compute/storage as needed. | |
|
Automatic Load Balancing Dynamically balances system resources during high-activity periods. |
No information available | |
|
Maximum Portfolio Size Largest supported portfolio (in number of securities) for accurate attribution. |
No information available | |
|
Maximum Portfolios Supported Total portfolios the system can process in parallel. |
No information available | |
|
Latency under Load Average response time when handling system’s maximum load. |
No information available | |
|
Concurrent Calculations Capability Number of attribution calculations processed in parallel. |
No information available |
|
Automated Data Import Scheduled or event-driven import of data without manual intervention. |
Data integration and file imports can be scheduled or automated in Direct. | |
|
Automated Exception Handling Systematic treatment of data or calculation issues with notification and escalation. |
No information available | |
|
Workflow Customization Users can define, save, and manage custom workflows for their teams. |
No information available | |
|
Batch Processing Simultaneous execution of recurring calculations or reports for multiple portfolios. |
Batch processing of calculations and reporting jobs is available. | |
|
Alerting & Notification Automated alerts for issues like data delays, reconciliation failures, or unusual results. |
Alert notifications for failed data loads, scheduled report failures, etc. are available. | |
|
Workflow Audit and Tracking Complete history of all automated and manual process execution. |
No information available |
|
Regulatory Reporting Templates Built-in templates for regulatory and client reporting (UCITS, GIPS, MiFID II, etc). |
Morningstar provides regulatory report formats (e.g., GIPS) out-of-the-box. | |
|
Audit Readiness Capabilities to produce structured logs and documentation required for audits. |
Audit logs and documentation available upon request per compliance module. | |
|
Regulatory Framework Updates Timely system updates when new rules apply to performance and attribution. |
Updates to regulatory changes and data standards are periodically released by Morningstar. | |
|
Data Retention Controls Ability to manage historical data storage per retention policies. |
Data retention configurations are part of enterprise deployment options. | |
|
Client-Specific Compliance Configuration Tailoring outputs to unique compliance needs of clients. |
Compliance configuration and client-level constraints can be managed for specific portfolios/clients. |
|
Open API Access Rich, documented APIs for data query, update, and systems integration. |
APIs are available for data query, update, integration with client systems. | |
|
Plugin Framework Support for firm-specific modules, custom analytics, or reporting plugins. |
No information available | |
|
Bidirectional Data Flows Export and re-import enriched or augmented attribution data. |
No information available | |
|
Integration with OMS/PMS Direct connection with Order Management and Portfolio Management Systems. |
Direct integrates with OMS/PMS like Bloomberg and Advent according to integration docs. | |
|
Third-Party Data Provider Integration Plug-and-play integration with major market and reference data vendors. |
Integrates with market/reference data providers (e.g. FactSet, Reuters). | |
|
Webhooks / Event Hooks Trigger actions in other systems based on events in the attribution platform. |
No information available |
|
Dedicated Account Management Each client has a dedicated manager or team for support and relationship management. |
Morningstar offers dedicated account management for institutional clients. | |
|
24/7 Technical Support Round-the-clock support availability for critical issues. |
No information available | |
|
Onboarding & Training Programs Structured onboarding, documentation, and in-person or online training. |
Formal onboarding, training sessions, and support documentation are provided. | |
|
Knowledgebase Access Comprehensive online documentation, FAQ, and tutorials. |
Online documentation, tutorials, and FAQs are available. | |
|
User Community Access to forums or user groups to share best practices. |
User community forums and events are available for knowledge sharing. | |
|
Response Time SLA Guaranteed maximum initial response time for support requests. |
No information available |
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