Morningstar KIIDs Solution (European)

 

The UCITS IV regulations effective July 2011 require asset management firms in EU member countries to produce, distribute, and maintain Key Investor Information Documents (KIIDs) for funds and sub-funds, in every language and currency where the fund is marketed. Tapping into our presence across Europe and our local market expertise, Morningstar can help overcome the challenges associated with delivering these compliant documents to investors, media partners, and fund distributors. We offer not only data, but expertise in creating communications investors recognise and trust.

 

Through our long history of producing fact sheets and other communications for clients, we’ve developed time-tested systems for producing large volumes of financial materials. Firms can turn to us for a cost-effective, outsourced KIID solution or to support internal processes, so they can focus on their top priority—their clients. 

 

 

Morningstar offers asset management firms an integrated production system for Key Investor Information Documents that streamlines the generation, approval, and distribution processes. This fully hosted solution can be customised to reflect a client’s brand. Other features include:

 

- A web-based administration interface, requiring no hardware installation

 

- A built-in system offering access at various steps of the document management process to a production manager, data manager, translator, and reviewer 

 

- A dashboard view of all current production runs and alerts

 

- Timely data fed directly from the Morningstar database that sets off alerts to relevant changes

 

- Ability to integrate data from third-party or internal sources

 

- All the mandatory data and calculated risk grades including the Synthetic Risk and Reward Indicator (SRRI) calculation

 

- A Morningstar KIID-compliant template ready to support multiple languages, or a unique template built to a client’s specifications

 

- Ongoing monitoring and updating of the documents to reflect material changes to funds

 

- Production of both print-ready and electronic materials

 

- Documents can be distributed for internal or external audiences via third-party systems, internal company systems, Morningstar® Document Library™, API, FTP, or for e-mail delivery

 

- Document verification with a full audit trail

 

Asset management firms can also use Morningstar products to support their in-house efforts to produce Key Investor Information Documents. Options include:

 

 - A KIID portal hosted by Morningstar that can be integrated into a client’s website

 - A data feed of the information required in Key Investor Information Documents

 

The Morningstar database includes key data required in the Key Investor Information Document for all types of UCITS funds including:

 

- Funds of funds

- Lifecycle funds

- Master feeder funds

- Multiple share classes, including currency hedged and currency quoted funds

- Structured funds

- Total and absolute return funds

- Umbrella funds