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Clearwater Analytics - Money Fund Transparency
Clearwater Analytics - Money Fund Transparency
Clearwater Analytics - Money Fund Transparency
Clearwater Analytics - Money Fund Transparency
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Clearwater Analytics - Money Fund Transparency

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  • 1. ® Money Fund Transparency™ FULFILLING THE MARKET’S DEMAND FOR GREATER VISIBILITY INTO MONEY FUNDS “A fund that participates in this initiative is sending a strong signal about their fund’s holdings and risk profile, which provides me with an enhanced level of confidence in my investment decision.” –Tim Muindi, Assistant Treasurer at VeriSign, Inc. What is Money Fund Transparency™? Money Fund Transparency™ is an easy-to-use, web-based platform that Key Features provides investors with a clear and timely understanding of money funds by providing instant access to a variety of analytics, metrics, and other informa- asset Type Interest Rate Sensitivity ® tion on the assets within the fund. Money Fund Transparency reporting is ac- Performance Comparison cessible 24/7 via several distribution channels including the websites of the participating funds, the industry’s top money fund portals, and the Clearwater qualitative analysis Credit Maturity Analytics website. country concentration Sectors repo collateral Maturity Schedule ABCP sponsor, credit, and liquidity detail commercial paper allocation download capabilities Yield contribution historical yield and return information holdings with numerous security characteristics Counterparty risk credit quality “Outstanding tool. We had an internal discussion...and it was a unanimous decision that the majority, if not all, of our [money fund] holdings will go to funds that participate.” – Assistant Treasurer, Fortune 500 company ® Phone 208.433.1200 Fax 208.343.2244 | www.clearwateranalytics.com
  • 2. Fund Companies Participating in Money Fund Transparency will be positioned to: 1. Satisfy the SEC’s regulatory disclosure requirement of posting portfolio holdings information to a public website 2. Satisfy the SEC regulatory requirement 30b1-6 Money Fund Portfolio filing (form N-MFP) including data transmission of the report in the standard, required format 3. Satisfy the standard required format and frequency for ongoing fund monitoring activities as determined by Standard & Poors, Moody’s Investor Services, and Fitch Ratings as applicable 4. Generate other internal asset manager reports, such as board reports (additional fees may apply) 5. Streamline in-house reporting and filing with a more cost-effective, outsourced solution 6. Provide clients and prospects with enhanced reporting and powerful analytics 7. Differentiate from the competition by providing transparency and timely updates into the underlying investments 8. Gain immediate and ongoing market awareness and respect through demonstrated market leadership 9. Contribute to Assets Under Management (AUM) growth ® Recently, the following institutional investors participated in a survey about Money Fund Transparency: Oracle Electronic Arts Intuit VeriSign QUALCOMM Yahoo! 3M Western Union What they said... 9.23 In comparison to the reporting you are currently receiving on money funds, most useful how useful will the reporting provided via Money Fund Transparency be to 1 2 3 4 5 6 7 8 9 10 you? 8.38 Assuming you were choosing between two similar funds—one that partici- most likely pates in Money Fund Transparency and one that doesn’t—how likely would 1 2 3 4 5 6 7 8 9 10 you be to invest in the fund that participates in Money Fund Transparency? Why partner with Clearwater Analytics? Clearwater Analytics is a recognized leader in web-based, investment portfolio reporting. Powered by advanced technology, Clearwater Analytics provides reporting solutions for over 2,000 institutions and over $400 billion in investments today. Corporate operating funds, insurers, investment managers, family offices, endowments, foundations, and central banks are satisfied users of Clearwater Analytics (see sample client list at www.clearwateranalytics.com). In addition to ® Phone 208.433.1200 Fax 208.343.2244 | www.clearwateranalytics.com
  • 3. direct distribution, Clearwater Analytics reporting solutions are distributed to investors worldwide through custody banks, asset managers, and money CLEARWATER FUND fund portals. WEBSITE WEBSITE As the market leader in creating, enhancing, and distributing state-of- the-art investment reporting solutions, Clearwater Analytics is optimally positioned to provide the market with a best-in-class reporting solution for money funds. Money Fund Transparency™ Why has Clearwater Analytics developed Money Fund FUND Transparency? PORTALS Investors have been requesting enhanced transparency into money funds. In response to investor feedback, Clearwater Analytics collaborated with Accessible via the Clearwater Analytics website, fund website, and a variety of money fund portals. investors, partners, and industry professionals to deliver Money Fund Transparency. ® WITHOUT Money Fund Transparency WITH Money Fund Transparency Lack of transparency and confidence Meaningful transparency = confidence Not timely Timely Apples to oranges reporting Apples to apples reporting Manual Automated Confusion Clarity Additional value built in: marketing, sales and support Participation in Money Fund Transparency provides several opportunities to create meaningful investor awareness. Clearwater Analytics will partner in promoting participation. Some of the tools and support participants will receive include the following: Relationship management – Clearwater Analytics’ relationship management team will personally communicate to clients about par- ticipation in Money Fund Transparency. Referral sharing – In addition to ongoing referrals, participants will be given a list of institutions and contacts that have expressed ® Phone 208.433.1200 Fax 208.343.2244 | www.clearwateranalytics.com
  • 4. interest in speaking with participants of Money Fund Transparency. Targeted Email – Clearwater Analytics will send notification of participation in Money Fund Transparency to its clients, prospects, and partners. Press Release – Clearwater Analytics will publish a joint press release via a variety of media outlets formally announcing participation in Money Fund Transparency. Website announcement – Clearwater Analytics will prominently announce participation in Money Fund Transparency on its website, which is the same website where Clearwater Analytics clients log in to their investment accounts. Joint visits – Clearwater Analytics will support joint sales calls with clients, prospects, and other parties. Media/Press opportunities– The following media sources, Financial Week, The New York Times, Treasury & Risk, iTreasurer, Money Fund Intel- ligence, Money Market Insight, Ignites, and PBS’ Nightly Business Report have covered Money Fund Transparency. Clearwater continues to pursue press opportunities and expect future coverage. Ongoing awareness – Participant’s branding will be included in general Money Fund Transparency marketing material, announcements, and com- munications. ® What participants receive: Best-in-class reporting Improved client satisfaction Separation from competition PR opportunities and media coverage Early adopter advantage Enhanced distribution Tools to create investor awareness Partnership with industry-leading and interest reporting expert Vehicle to “tell participant story” in a powerful Ongoing enhancements to Clearwater’s and easy-to-digest format money fund reporting solutions Strategic offering designed to increase Referrals of interested investors assets under management Pricing: Pricing is simple and based on a flat fee at the fund-complex level that includes any and all 2a-7 registered funds. Pricing factors include number of funds, total AUM and data feeds. Certain money fund reporting solutions may be treated as legitimate fund expenses. Fund managers should consult with their legal counsel and fund boards. Going live is as easy as… 1. Agree to Terms 2. Load Data 3. Launch ® Phone 208.433.1200 Fax 208.343.2244 | www.clearwateranalytics.com

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