DSB Fund Information Platform User Guide for Internal Site€¦ · DSB Fund Information Platform User Guide for Internal Site 2 Revision History Version Date Author Description 1.0

DSB Fund Information Platform

User Guide for Internal Site

Version: 1.0

Effective Date: Sept 2011

DSB Fund Information Platform User Guide for Internal Site

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Revision History

Version Date Author Description

1.0 08-09-2011 Morning Star & DSB First release of the user guide


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Table of Contents

1.Accessing the Site ............................................................................................................................... 4

2.System Requirements ......................................................................................................................... 4

3.Differences between Public and Internal Sites .................................................................................. 5

4.Summary on the display of performance figures .............................................................................. 6

5.Fund Search ......................................................................................................................................... 7

5.1 Searching for Funds .......................................................................................................... 7

5.2 Clear search criteria ........................................................................................................... 8

5.3 Retrieve search results ...................................................................................................... 8

5.4 Search Results .................................................................................................................. 8

6.Morningstar Fund Report™ HTML ................................................................................................... 13

6.1 View Morningstar Fund Report™ of a fund ...................................................................... 13

6.2 Contents of the Morningstar Fund Report™ .................................................................... 14

6.3 Morningstar Fund Report™ - Overview ........................................................................... 15

6.4 Morningstar Fund Report™ - Performance & Risk .......................................................... 16

6.5 Morningstar Fund Report™ - Portfolio ............................................................................. 17

6.6 Morningstar Fund Report™ - Management & Documentations ....................................... 20

6.7 Morningstar Fund Report™ - Historical Price & Div ......................................................... 21

6.8 Morningstar Fund Report™ - Interactive Chart ................................................................ 23

7.Fund Comparison .............................................................................................................................. 25

7.1 Step 1: Select Funds ....................................................................................................... 25

7.2 Step 2: Review of the selected Funds ............................................................................. 26

7.3 Step 3: Select comparison criteria ................................................................................... 26

7.4 Step 4: Select way of output ............................................................................................ 26

7.5 Additional features of HTML comparison report ............................................................... 27

7.6 Related warning messages ............................................................................................. 28

8.Charting Tools .................................................................................................................................... 29

8.1 Step 1: Select Funds ....................................................................................................... 29

8.2 Step 2: Choosing Benchmark indices .............................................................................. 29

8.3 Step 3: Review of the selected funds/indices .................................................................. 30

8.4 Switch between Growth Chart and Risk & Return Chart .................................................. 30

8.5 Growth Chart ................................................................................................................... 31

8.6 Risk & Return Chart ......................................................................................................... 32

8.7 Print the chart .................................................................................................................. 32

8.8 Add/change funds after generating the chart ................................................................... 33

8.9 Check individual fund’s Morningstar Fund Report™ from the chart page ........................ 33

8.10 Related warning messages ............................................................................................. 33

9.Formulas ............................................................................................................................................. 34


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1. Accessing the Site

Internal Site

Staff at all branches can access the internal site by clicking the desktop icon below.

Public Site

External customers can access the public site via DSB website.

2. System Requirements

Below are the standard requirements for end-users’ computer workstations to browse the Site properly

(applicable to both the internal site and the public site).

Hardware Requirements

Processor type and speed Intel Pentium II, 400 MHz or higher

RAM 256 MB or above

Internet connection DSL, cable modem, or better

Internet connection speed 1.44 Mbps recommended

Monitor resolution 1024 x 768 with at least 65,536 colors is the optimal resolution.

Other resolutions are also supported.

Software Requirements

Operating system Windows 2000, Windows 2003, Windows XP , Windows Vista

and Windows 7

Browser

Microsoft Internet Explorer 6, 7 and 8

Firefox 3.x

Safari 4.x and 5.x

Chrome 7.x and 8.x

Browser settings Cookies and JavaScript enabled

Adobe Acrobat Reader Version 5.0 or higher


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3. Differences between Public and Internal Sites

The key differences between the public site and the internal one are listed below:

Public Site Internal Site

Target Users Customers and DSB staff DSB staff only

Method of Access Through DSB website link Through Fund 360 desktop icon

Fund Universe Only funds available for sale Includes all funds that are available for

sale or have customer holdings

Search criteria Only the 6 criteria below:

Fund House

Product Type

Category

Investment Objective

Currency

Product Risk Rating

In addition to the 6 criteria for the public

site:

Distribution Type

Fund of the Quarter

Available for Sale

Available for Investment Fund

Savings Plan

Morningstar™ Rating

Total Net Assets (USD Mil)


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4. Summary on the display of performance figures

Function Performance Figure Calculating Currency

Fund Search YTD Return (%)

Cumulative Return (%)

Calendar Year Performance (%)

3 Year Volatility (%)

Reporting Currency

Total Net Assets (mil) USD

Morningstar® Fund Report™ Performance History

Trailing Return

Calendar Year Returns (%)

Standard Deviation

Sharpe Ratio

Total Net Assets(mil)

NAV

USD

Day Change

Historical Price

Dividend Record

Reporting Currency

Interactive Chart Depends on the currency

chosen

Fund Comparison All performance statistics, including

charts (except Total Net Assets (mil))

Depends on the currency

chosen

Total Net Assets (mil) USD

Charting Tools Growth Chart Reporting currency

Risk & Return Chart USD

Performance figures table Depends on the currency

chosen


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5. Fund Search

5.1 Searching for Funds

To search for funds, click the “Fund Search” on the Functional Bar. You can screen the funds based on

the 12 search criteria below, or search the fund by inputting the fund name or fund code:

Search Criteria Remarks

Fund House Includes fund houses that are on-shelf and off-shelf.

Investment Objective Income Focused; Mainly Capital Appreciation; N/A

“N/A” for funds not available for sale to retail clients.

Category “N/A” for funds not available for sale to retail clients.

Product Type “N/A” for funds not available for sale to retail clients.

Currency Currency of the fund

Distribution Type Accumulation; Cash; Unit; Not Specified

Fund of the Quarter Updated quarterly

Product Risk Rating 1-4

Available For Sale Select “No” to show funds that are not available for sale

Available for Investment

Fund Savings Plan

Select “Yes” to view only funds available for Investment Fund

Savings Plan.

Morningstar Rating™ You can select more than one rating

Total Net Assets (USD Mil) Slide the value bar to bound the range of total net assets


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5.2 Clear search criteria

You can click the “Reset” button at the bottom right corner to clear all search criteria previously set.

5.3 Retrieve search results

Before searching, check the number of total results. Click on the “Search” button to retrieve the search

results.

5.4 Search Results

5.4.1 Layout of the search results page

Below shows the components of the search results page:

Functional Bar

3 key functions

i. Fund search

ii. Fund comparison*

iii. Charting tools*

* Refer to sections 7 and 8 for details of Fund Comparison and Charting Tools respectively.

Click to reset all

search criteria

No. of total results


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Contents – Headers

3 sets of fund data

i. Snapshot

ii. Performance

iii. Offering Documents

3 Action buttons

i. Funds of the Quarter: Show Funds of the Quarter only

ii. Add to Comparison: Add checked funds to Fund Comparison

iii. Add to Charting: Add checked funds to Charting Tools

Contents – Search results

Back to fund

search page

Check a box to

select the fund


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5.4.2 Data in the Fund Search

For this section, the returns are calculated in the reporting currency of the specific funds; and the volatility

is calculated in USD.

Snapshot

You can find basic information via Snapshot, including the Product Risk Rating, Investment Objective etc.

The YTD return (%) and Latest Price will be updated by each day day-end.

Performance

This section shows the return (in cumulative and calendar year) and the risk of Funds. The cumulative

return will be updated by day end while the calendar year performance and the 3 year volatility will be

updated by month end.


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Offering Documents

The offering documents can be found via this section, different icons represent different offering

documents (F– Factsheet; P – Prospectus / Explanatory Memorandum; A – Annual Report; I – Interim

Report and K – Key Facts Statement).

* Disable the “Pop-Up Blocker” of your browser before clicking the icons.

5.4.3 Distinguish between funds available/unavailable for sale

Unlike the public site, the internal site includes both funds available for sale to retail clients and those

which are not. Each available for sale fund has an available for sale icon next to its name in the fund list.

While all funds can be viewed and added to Fund Comparison / Charting Tools, only available for sale

funds can be offered to customers.

Sorting function

To sort search results by a column parameter, click the column’s header. Click once to sort in ascending

order and twice in descending order. A triangle pointing up (down) on the right of the header indicates an

ascending (descending) order.

For example, click the

“Fund Name” header to

sort funds by name.

Meaning of the symbol:

- Ascending order

- Descending order

The available for sale icon


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5.4.4 Add funds to Fund Comparison

Refer to section 7.1 for how to click to add funds to Fund Comparison/view the Comparison List on the

search results page.

5.4.5 Add funds to Charting Tools

Refer to section 8.1 for how to click to add funds to Charting Tools/view the Charting List on the search

results page.

5.4.6 Related warning messages

On the search results page, you may get the following warning messages. If this happens, check the

table below for the appropriate corresponding actions.

Warning Messages Problems and Solutions

You can only select up to 3 funds for comparison

at a time. Please select again.

You have chosen more than 3 funds for

comparison. Select 2-3 funds only and then try

again.

Your selected fund(s) has been added to the

comparison list already. Please select again.

Some of the funds you have chosen are already

included in the fund basket for Fund

Comparison/Charting Tools. Deselect those funds

and then try again.


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6. Morningstar Fund Report™ HTML

Note: The fund information contained in the Morningstar Fund Report™ HTML, such as fund portfolio

and sector allocation, is provided by Morningstar and maybe different from the fund factsheet. For the

latest information, please refer to the latest offering documents.

6.1 View Morningstar Fund Report™ of a fund

To view the Morningstar Fund Report™ of a fund, click on the fund code or the name of that fund on the

search results page.

After clicked, the page will be directed to the Fund Report section:

An individual Morningstar Fund Report™ comprises 6 sections, namely:

i. Overview

ii. Performance & Risk

iii. Portfolio

iv. Management & Documentations

v. Historical Price & Dividend

vi. Interactive Chart

For this section, the performance figures and the Growth Chart in this section are calculated based on

USD to facilitate comparison. Exchange rate fluctuations may affect the figures / charts if the reporting

currencies of the funds / indices differ from the currency selected for comparison. Besides, please note

the update date of the Trailing Returns may not be the same with different funds.


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6.2 Contents of the Morningstar Fund Report™

The contents of the 6 sections of a fund report are as follows:

Section Contents

Overview Performance History

Key Stats

Trailing Returns

Benchmark

Product Focus

Portfolio Profile

Performance & Risk Growth Chart

Calendar year Returns

Trailing Returns

Morningstar Rating™ (Relative to Category)

Return/Risk Analysis

Portfolio For equity funds,

Investment Style Details

World Regions

Sector Weightings

Top Holdings

For bond funds,


Credit Quality Breakdowns

Maturity Distributions

Top Holdings

For balanced/money market funds,


World Regions

Sector Weightings

Maturity Distributions

Credit Quality Breakdowns

Top Holdings

Management & Documentations Management

Fees and Expenses

Offering Documents

Historical Price & Div

(max. 5 years’ records)

Historical Price

Dividend Record

Interactive Chart Growth Chart

Price Chart


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6.3 Morningstar Fund Report™ - Overview


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6.4 Morningstar Fund Report™ - Performance & Risk


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6.5 Morningstar Fund Report™ - Portfolio

The contents of this section vary across different types of funds. For example, funds that invested in

equities have Equity % breakdown in region and sector while funds that invested in bonds proportion of

bonds have a Credit Quality Breakdown in its fund report.

Sample screen for equity funds


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Sample screen for bond funds


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Sample screen for balanced / money market funds


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6.6 Morningstar Fund Report™ - Management & Documentations

Note: The figures under “Fees and Expense” section are global fees which are provided by Morningstar

and should only be used as reference. The fees quoted in this Site may differ from the fees shown on the

prospectus or factsheet. The actual subscription and redemption fee should be communicated to

customer according to the latest prospectus and factsheet.

*Disable the “Pop-Up Blocker” of your browser before clicking the icons.

You can click on the icons to

open the documents in PDF

format in a pop-up window.*


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6.7 Morningstar Fund Report™ - Historical Price & Div

This section shows the historical prices and dividend records of the selected fund. The default period of

data shown is 1 year and a maximum of 5 years’ records can be retrieved. You can export the data to an

Excel file by clicking the “Export to Excel” icon below.

Historical Price Enquiry

Select the time period of data

here (max. 5 years)

Click to export the data

in Excel format


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Dividend Record Enquiry

For dividend records, the maximum period of data is also 5 years. In addition, there should be different

displays depending on the fund’s distribution type.

Select the period of data here

(max. 5 years).

Click to export the

data in Excel format.


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6.8 Morningstar Fund Report™ - Interactive Chart

The Interactive Chart section provides Growth Chart and Price Chart functions. Note that the

performance figures and the charts in this section are calculated/plotted based on the currency selected

(USD/HKD/EUR) to facilitate comparison. The default currency and time period for comparison are USD

and 3 years respectively.

6.8.1 Layout

Below is the webpage layout of Growth Chart. The layout of Price Chart slightly differs from that of

Growth Chart, but the functions are similar.

i. Chart type: Growth / Price chart

ii. Benchmark: Select from drop-down menu or search by name/ISIN

iii. Currency USD/HKD/EUR

Check value of the fund / index

The figure next to the fund/index names in the legend indicates the latter’s value at the selected point of

time.

The highlighted area indicates the period of time shown in the larger chart above. Drag the

highlighted box to adjust the period of time for comparison.


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6.8.2 Add benchmark funds/categories/indices to the chart

You can add a benchmark fund/category/index* to the chart for comparison by:

Method 1: Search for words contained in fund names, and a list of search results will appear

Method 2: Click the “Benchmark” icon, and then choose the desired benchmark*

* Choose an appropriate index/category for fair comparison

6.8.3 Remove benchmark funds/categories/indices from the chart

Click the cross on the right of that fund / category / index to remove it from the chart.


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7. Fund Comparison

Note: The fund information contained in the Fund Comparison, such as fund portfolio and sector

allocation, is provided by Morningstar and maybe different from the fund factsheet. For the latest

information, please refer to the latest offering documents.

7.1 Step 1: Select Funds

There are 2 methods to choose funds to compare:

Method 1: Pick funds from search results page to compare

1. Select up to 3 funds on the search results page by checking the boxes in front of their fund codes

2. Click “Add to Comparison”

Method 2: Select funds directly on the “Fund Comparison” page

1. Click the “Fund Comparison” tab on the Functional Bar

2. Select funds by (i) fund house, (ii) category, (iii) investment objective and (iv) product type. Select the

desired funds under “Fund Name”. Click the “Add to Comparison” button to add the selected funds to

the fund basket

1

2

1

2


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7.2 Step 2: Review of the selected Funds

The selected funds should be added to the fund basket on the Fund Comparison page. You can click the

cross on the right of a fund to remove that fund.

7.3 Step 3: Select comparison criteria

Define the time period (1 / 3 / 5 / 10 years) and the currency (USD / HKD / EUR) for comparison. You can

also add one benchmark index* in a category for comparison. Note that exchange rate fluctuations may

affect the figures and charts in the comparison report if the reporting currencies of the funds/indices differ

from the currency selected for comparison.


7.4 Step 4: Select way of output

You can select “On-screen fund comparison” to generate the comparison report in HTML format, or select

“Download fund comparison report” for a printer-friendly PDF version. Then, click the “Compare Now”

button to generate the report.

*Disable the “Pop-Up Blocker” of your browser before generating the report.


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7.5 Additional features of HTML comparison report

7.5.1 Add or change the funds for comparison

To add or change the funds for comparison after generating the report in HTML format, you may:

1. Return to the Fund Comparison page without clearing the fund basket and settings: click the “Click to

add/change funds” header on the top of the report page or the “Add/Change” button at the bottom to

return to the 4-step fund comparison page

2. Click to return to the Fund Comparison page with the fund basket and settings cleared: click the

“Fund Comparison” tab on the functional bar, the fund basket and other settings will be cleared as

the result.

7.5.2 Check individual fund’s Morningstar Fund Report™ from the report page

By clicking the fund name on the top of the comparison table, you will be redirected to the Morningstar

Fund Report™ page of that fund.

2

1

1


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7.6 Related warning messages

On the fund comparison page, you may get the following warning messages. If this happen, check the

table below for the appropriate corresponding actions.


You can only select up to 3 funds for comparison

at a time. Please select again.



again.




included in the fund basket for Fund Comparison.

Deselect those funds and then try again.

Please select at least 2 funds for fund

comparison.

You have selected only 1 fund for comparison.

Select 1-2 more and then try again.

Please select fund, then click “Add to

Comparison”.

You have not selected any fund for comparison.

Select 2-3 funds and then try again.


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8. Charting Tools

8.1 Step 1: Select Funds

There are 2 methods to choose funds to plot charts:

Method 1: Pick funds from search results page to plot chart

1. Select up to 15 funds by checking the boxes in front of their fund codes

2. Click the “Add to Charting” button on the Functional Bar

Method 2: Select funds directly on the “Charting Tools” page

Select any one of the 4 search criteria and search for funds in the drop-down menu. The 4 search criteria

are (i) fund house, (ii) category, (iii) investment objective and (iv) fund of the quarter respectively.

8.2 Step 2: Choosing Benchmark indices

You can add benchmark indices* to the chart by selecting indices from the drop-down menu and then

clicking the “Add to Comparison” button on the right.


1

2


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8.3 Step 3: Review of the selected funds/indices

The selected funds / indices should be added to the fund basket. You can click the cross on the right of a

fund to remove that fund, or click the “Clear all” icon on the top right corner to clear the fund basket. Then,

click the “Click here to plot the Performance Chart” button at the bottom of the page to generate the

charts.

8.4 Switch between Growth Chart and Risk & Return Chart

The Charting Tool provides 2 charts, namely Growth Chart and Risk & Return Chart. To switch between

the two charts, simply click the corresponding tabs on the top of the chart.

Click to switch between Growth

Chart and Risk & Return Chart.


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8.5 Growth Chart

You can select the period (1 / 3 / 5 year(s)) for the Growth Chart and the currency (EUR / HKD / USD) for

the performance figures below. The default settings are 3 years and USD. Note that the Growth Chart is

based on the reporting currencies of the funds / benchmarks, and change in currency will only affect the

figures in the table.

Select the time period for the

Growth Chart below.

Select the currency for the performance

figures below. Note that this does not

affect the Growth Chart above.


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8.6 Risk & Return Chart

Similar to the Growth Chart, you can select the period (1 / 3 / 5 year(s)) for the Risk & Return Chart and

the currency (EUR / HKD / USD) for the performance figures below (but not the Chart above). The default

settings are 3 years and USD. The Risk & Return Chart is based on USD.

8.7 Print the chart

To print the chart, click the “Print” icon at the top right corner of the page*.

*Disable the “Pop-Up Blocker” of your browser before clicking the icon.

Select the time period for the Risk &

Return Chart below.

Select the currency for the performance

figures below. Note that this does not

affect the Risk & Return Chart above.


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8.8 Add/change funds after generating the chart

To add or change the funds for chart comparison, you may:

1. Return to the Charting Tools page without clearing the fund basket and settings: click the “Click to

add/change funds” header above the chart

2. Click to return to the Charting Tools page with the fund basket and settings cleared: click the

“Charting Tools” tab on the functional bar

8.9 Check individual fund’s Morningstar Fund Report™ from the chart page

To acquire the detailed report of a fund, just click the name of that fund*. You will be redirected to the

individual report page of that fund.

8.10 Related warning messages

User may get the following warning messages when perform some actions in the fund comparison page.

The table below is the summary of the warning messages found in the fund search page.


You can only select up to 15 funds for

comparison at a time. Please select again.



again.




included in the fund basket for Charting Tools.

Deselect those funds and then try again.

Please select at least 2 funds for fund

comparison.

You have selected only 1 fund for comparison.

Select 1-14 more and then try again.

Please select fund, then click “ Add to

Comparison”.

You have not selected any fund for comparison.

Select 2-15 funds and then try again.

2

1


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9. Formulas

Sharpe ratio

Sharpe ratio uses standard deviation to measure a fund's risk-adjusted returns. The higher a fund's

Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on. Developed by its

namesake, Nobel Laureate William Sharpe, this measure quantifies a fund's return in excess of a

risk-free investment relative to its risk (or standard deviation).

Sharpe ratio is calculated using standard deviation and excess return to determine reward per unit of risk.

First, the risk-free rate is subtracted from the fund's average monthly return. The difference in total return

represents the fund's excess return beyond that of the risk-free rate. An arithmetic annualized excess

return is then calculated by multiplying this monthly return by 12. To show a relationship between excess

return and risk, this number is then divided by the standard deviation of the fund's annualized excess

returns. The higher the Sharpe ratio, the better the fund's historical risk-adjusted performance is.

𝑆ℎ𝑎𝑟𝑝𝑒 𝑟𝑎𝑡𝑖𝑜 = (𝑅𝑒𝑡𝑢𝑟𝑛 – 𝑅𝑖𝑠𝑘 𝑓𝑟𝑒𝑒 𝑟𝑎𝑡𝑒)𝑥 12

𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝐷𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛 𝑜𝑓 𝐴𝑛𝑛𝑢𝑎𝑙𝑖𝑧𝑒𝑑 𝑒𝑥𝑐𝑒𝑠𝑠 𝑟𝑒𝑡𝑢𝑟𝑛𝑠

Calculating return figures

Fund returns are based upon NAV to NAV or bid to bid prices with dividend reinvested.

𝑅𝑒𝑡𝑢𝑟𝑛 = ( 𝐼𝑛𝑖𝑡𝑖𝑎𝑙 𝑝𝑟𝑖𝑐𝑒

𝐹𝑖𝑛𝑎𝑙 𝑝𝑟𝑖𝑐𝑒 − 1) × 100%

The price if the previous dealing date is used as the initial price. For example, if you wish to calculate the

fund return from 6/11/2010 to 7/12/2010, the initial price is the closing price of 5/11/2010 and the final

price is the closing price of 7/12/2010.