Mutual Fund Daily Reporting and Performance Calculations

A daily feed is received from a custodial bank containing daily dividend factors, yield figures, maturity numbers, NAVs, asset numbers and share redemption and subscription numbers for a group of mutual funds. Following the import process, total return figures are calculated for the standard SEC time frames and various yields and point of purchase prices computed based on back data. A set of reports are generated as hard copy and a single word document and accompanying text file are produced. These latter two documents are then attached to e-mails that are broadcast mailed to numerous domestic and international sites.