This acts as a declaration service providing information about dividends, capital gains and 12b-1 payouts. Other data includes record, ex and payable dates. Files can be sent as projected, actual, spillover or re-allocated distributions. Security Profile includes data about each security issue, such as investment minimums, breakpoints and 12b-1 schedules, current portfolio management and investment objectives. Web access was developed specifically to facilitate data collection from participants.
Screens allow the funds to enter information via PCs.
Firms typically use the mainframe facility to download information stored on the profile database. Adds, changes and deletes effecting the central database are passed at the end of the day to the firms via a direct CPU to CPU connection. Fund participants with web-only access can enter data and perform queries against the database. These clients will not receive a transmission at end of day. Participants using the service are encouraged to make suggestions on how to enhance the product.