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Changelog openfunds Fields Version 1.24 Final

General Notes

Version 1.24 Final contains all EMT 1.0 and all EPT 1.1 fields. Further to that, it contains fields that are specifically required by Asian distributors and fund houses. Additionally, new dynamic data fields have been added. This version also contains enhancement of the alread exisiting fields from version 1.23 based on valuable input from the active and informational members.

Please note, that with this version fields that are no longer supported are now marked at the top of the field description and no longer at the bottom.

In case of any questions regarding major and minor releases of openfunds fields, please consult the following White Paper: Version Management. You may also contact us at businessoffice@openfunds.org.

EMT 1.0 fields

New EMT 1.0 fields

The following EMT fields have been included into the openfunds standard.

  • OFDY023010 Ex-post Gross Entry Costs For Structured Securities
  • OFDY023011 Ex-post One-off Exit Costs For Structured Securities
  • OFDY023013 Ex-post Ongoing Costs For Structured Securities
  • OFDY023014 Ex-post Accumulated Ongoing Costs For Structured Securities
  • OFDY023015 Ex-post Management Fees For Structured Securities
  • OFDY023200 Ex-post Distribution Fees As Percentage
  • OFDY023203 Ex-post Distribution Fees Period Start
  • OFDY023204 Ex-post Distribution Fees Period End
  • OFST024007 Risk Tolerance For Non-PRIIPS And Non-UCITS
  • OFST024008 Spanish Risk Tolerance For Non-PRIIPS And Non-UCITS
  • OFST100017 German Knowledge And Experience
  • OFST100028 Level Of Limited Capital Loss As Percentage
  • OFST100030 German Lowest Risk Tolerance
  • OFST100055 German Pension Scheme Return Profile
  • OFST450001 Quotation Type For Structured Securities
  • OFST450005 Early Termination For Structured Securities
  • OFST450040 MiFID Exit Costs At RHP For Structured Securities
  • OFST450041 MiFID One-off Exit Costs For Structured Securities
  • OFST450050 MiFID Ongoing Charges For Structured Securities
  • OFST450051 Management Fee For Structured Securities
  • OFST450130 Italian Maximal One-off Entry Costs
  • OFST450131 Italian Maximal One-off Exit Costs
  • OFST450996 Typical One-off Exit Costs
  • OFST451050 Is Leveraged Financial Instrument Or Contingent Liability Transaction
  • OFST452040 MiFID Management Fee Applied
  • OFST452041 MiFID Management Fee Applied Date

 

Informative EMT 1.0 Field Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFST024018 PRIIP Recommended Holding Period: Adjusted conversion table in the Field Description from 1 day < very short <= 1 year (old) to 1 day <= very short <= 1 year (new).

EPT 1.1 fields

New EPT 1.1 fields

The following EPT fields have been included into the openfunds standard.

  • OFST024002 Historical Volatility
  • OFST024157 PRIIP Risk Narrative
  • OFST451450 PRIIPS One-off Entry Costs
  • OFST451451 PRIIPS One-off Exit Costs
  • OFST452030 PRIIPS Management Costs
  • OFST452031 PRIIPS Management Costs Date
  • OFST452142 Methodology Of Transaction Costs
  • OFST452146 PRIIPS Ongoing Transaction Costs
  • OFST452151 PRIIPS Carried Interest RIY
  • OFST452154 UCITS Incidental Costs Carried Interest
  • OFST452161 PRIIPS Performance Fee RIY
  • OFST452221 PRIIPS Other Ongoing Costs RIY

 

Informative EPT Field Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFST451300 PRIIPS Subscription Fee In Favour Of Fund: Adjusted Field Description in order to illustrate the difference to “Subscription Fee In Favour Of Fund”.
  • OFST460190 1Y Total Costs: Adjusted Field Description as this field covers the EPT “07010_Total_cost_1_year” and CEPT “34010_Cost_total_period_1”.
  • OFST460192 Half RHP Total Costs: Adjusted Field Description as this field covers the EPT “07030_Total_cost_half_RHP” and CEPT “34020_Cost_total_period_2”.
  • OFST460193 RHP Total Costs: Adjusted Field Description as this field covers the EPT “07050_Total_cost_RHP” and CEPT “34030_Cost_total_period_3”.
  • OFST460195 1Y RIY: Adjusted Field Description as this field covers the EPT “07020_RIY_1_year” and CEPT “34040_Percentage_RIY_period_1”.
  • OFST460197 Half RHP RIY: Adjusted Field Description as this field covers the EPT “07040_RIY_half_RHP” and CEPT “34050_Percentage_RIY_period_2”.
  • OFST460198 RHP RIY: Adjusted Field Description as this field covers the EPT “07060_RIY_RHP” and CEPT “34060_Percentage_RIY_period_3”.

 

Asian Distributors and Fund Houses Fields

New Asian Fields

The following Asian fields have been included into the openfunds standard.

  • OFST710110 Hong Kong SFC Security Classification
  • OFST710111 Is An Investment In High Yield Bonds Allowed
  • OFST710112 Is An Investment In Complex Bonds Allowed

 

Dynamic Data Distribution Fields

New Dynamic Fields

The following Dynamic fields have been included into the openfunds standard.

  • OFDY100100 Dynamic Data Type: Includes OF-ID which value shall be shown in Narrow Dynamic Data Table
  • OFDY100110 Dynamic Currency
  • OFDY100111 Dynamic Value

 

Other Requested Changes

New Other Fields

The following other fields have been included into the openfunds standard.

  • OFDY005026 Tax Deducted Reinvested Amount Reference Date
  • OFST005015 Domicile Of Umbrella
  • OFST010050 Form Of Share
  • OFST010055 Location Of Bearer Share
  • OFST010056 Location Of Share Register
  • OFST010250 Fund Valuation Point
  • OFST010251 Fund Valuation Point Time Zone
  • OFST010252 Fund Valuation Point Time Zone Using TZ Database
  • OFST010635 Maximum Leverage In Fund
  • OFST010650 Is REIT
  • OFST020290 Has Forward Pricing
  • OFST350102 EFAMA EFC Classification Type
  • OFST351300 Money Market Type Of Fund
  • OFST451025 Has MiFID Performance Fee
  • OFST451026 Ex-ante MiFID Performance Fee
  • OFST451335 Has Applied Subscription Fee In Favour Of Fund
  • OFST451336 Applied Subscription Fee In Favour Of Fund
  • OFST451337 Applied Subscription Fee in Favour Of Fund Reference Date
  • OFST451391 Contingent Deferred Sales Charge Fee
  • OFST451435 Has Applied Redemption Fee In Favour Of Fund
  • OFST451436 Applied Redemption Fee In Favour Of Fund
  • OFST451437 Applied Redemption Fee In Favour Of Fund Reference Date
  • OFST452014 Has All-in Fee
  • OFST700650 Is Suitable For Swiss Retail Clients
  • OFST700660 Is SBA Compliant
  • OFST701041 Is UK SIPP Compliant
  • OFST701042 Is UK Non-UCITS Retails Scheme
  • OFST701050 Is PAIF
  • OFST701055 Is UK Approved Investment Trust

 

No Longer Supported Other Fields

Please note the following fields will require adjustments.

  • OFST024043 PRIIP VEV-1: No longer supported as no longer needed.
  • OFST024044 PRIIP VEV-2: No longer supported as no longer needed.
  • OFST024045 PRIIP VEV-3: No longer supported as no longer needed.
  • OFST451380 Germany Front Load: No longer supported as no longer needed.

 

Major Other Fields Changes

Please note the following fields will require adjustments.

  • OFST002700 Transfer Agent: Changed Field Level from Company (old) to Share Class (new).
  • OFST020080 Share Class Consolidation Key: Changed Field Level from Share Class (old) to Fund (new). Also changed to a “Hybrid Field”. Please see white paper “Field Typology” for more information.
  • OFST452000 Management Fee Applied: Adjusted Field Description and removed Field Tags “EPT”, “PRIIPs data”, “PRIIPs and MiFID cost fields”, “MiFID II data” and “EMT”. For Management Costs / Fees please use the new fields “OFST452030 PRIIPS Management Costs” or “OFST452040 MiFID Management Fee Applied”.

 

Minor Other Fields Changes

Action not necessarily required as it depends on the implementation of openfunds whether an action is required. An example for minor field changes: Enhancements implemented in the openfunds field like the language tag functionality.

  • OFST001410 LEI Of Custodian Bank: Deleted Field Tags “MiFID II data” and “PRIIP data”, changed Field Level from Fund (old) to Company (new) and changed Linked Reference from “OFST001400 Custodian Bank Name” (old) to “OFST001415 Domicile Of Custodian Bank” (new).
  • OFST010500 Is Fund Of Funds: Corrected Field Description.
  • OFST350000 MiFID Securities Classification: Added Field Tag “MiFID II data”.
  • OFST451340 Maximum Subscription Fee In Favour Of Fund: Changed Field Name from “Subscription Fee In Favour Of Fund” (old) to “Maximum Subscription Fee In Favour Of Fund” (new) and adjusted Field Description.
  • OFST451440 Maximum Redemption Fee In Favour Of Fund: Changed Field Name from “Redemption Fee In Favour Of Fund” (old) to “Maximum Redemption Fee In Favour Of Fund” (new) and adjusted Field Description.

 

Informative Other Fields Changes

No action required. Typically changes in field descriptions in order to clarify the use or the meaning of an openfunds field.

  • OFDY005025 Tax Deducted Reinvested Amount: Added Linked Field to the new created Field “OFDY005026 Tax Deducted Reinvested Amount Reference Date”.
  • OFST001030 LEI Of ManCo: Changed Linked Reference from “OFST001020 ManCo” to “OFST001035 Domicile Of ManCo”.
  • OFST001035 Domicile Of ManCo: Changed name from “Domicile of the ManCo” (old) to “Domicile Of ManCo” (new) and added Field Tags “PRIIP data” and “MiFID II data”. Also added Link Reference to “OFST001020 ManCo”.
  • OFST001415 Domicile Of Custodian Bank: Changed name from “Domicile of the Custodian” (old) to “Domicile Of Custodian Bank” (new). Added Link Reference to “OFST001400 Custodian Bank Name”.
  • OFST002000 Marketmaker Name: Adjusted Field Description as this field is only applicable for ETF funds.
  • OFST005010 Umbrella: Added Link Reference to “OFST010035 LEI Of Umbrella”.
  • OFST010035 LEI Of Umbrella: Changed Link Reference from “OFST005010 Umbrella” (old) to new field “OFST005015 Domicile Of Umbrella” (new).
  • OFST010220 Has Embedded Derivatives: Adjusted Field Description as this field is used for Hong Kong authorized funds.
  • OFST020620 Is Restricted To Separate Fee Arrangement: Adjusted Field Description.
  • OFST400200 Minimal Subscription Category: Changed Field Name from “Subscription Category” (old) to “Minimal Subscription Category” (new) and adjusted Field Description.
  • OFST400240 Currency Of Minimal Subscription: Changed Field Name from “Currency Of Subscription” (old) to “Currency Of Minimal Subscription” (new). Adjusted Field Description to specify the linkage to the fields “OFST400230 Minimal Initial Subscription In Amount” and “OFST400260 Minimal Subsequent Subscription In Amount”.
  • OFST420200 Minimal Redemption Category: Changed Field Name from “Redemption Category” (old) to “Minimal Redemption Category” (new) and adjusted Field Description.
  • OFST420240 Currency Of Minimal Redemption: Changed Field Name from “Currency of Redemption” (old) to “Currency Of Minimal Redemption” (new). Adjusted Field Description to specify the linkage to the fields “OFST420230 Minimal Initial Redemption In Amount” and “OFST420260 Minimal Subsequent Redemption In Amount”.
  • OFST400240 Currency Of Subscription: Adjusted Field Description to specify the linkage to the fields “OFST400230 Minimal Initial Subscription In Amount” and “OFST400260 Minimal Subsequent Subscription In Amount”.
  • OFST420240 Currency Of Redemption: Adjusted Field Description to specify the linkage to the fields “OFST420230 Minimal Initial Redemption In Amount” and “OFST420260 Minimal Subsequent Redemption In Amount”.
  • OFST405500 Has Pre-notice For Subscription: Adjusted Field Description to specify the linkage to field “OFST405510 Subscription Notice Period”.
  • OFST410060 Trade Date: Adjusted Field Description in order to further specify meaning and relation to other fields of notification and settlement.
  • OFST425500 Has Pre-notice For Redemption: Adjusted Field Description to specify the linkage to field “OFST425550 Redemption Notice Period”.
  • OFST451028 Performance Fee Applied: Adapted Field Description and the respective EPT field in the description.
  • OFST451030 Performance Fee Maximum: Corrected Field Description.
  • OFST451305 Subscription Fee Applied: Adjusted Field Description as a new field was added for applied subscription fees in favour of fund.
  • OFST451306 Subscription Fee Applied Reference Date: Adjusted Field Description as a new field was added for subscription fee applied reference date in favour of fund.
  • OFST451310 Subscription Fee Minimum: Adjusted Field Description as a new field was added for minimal subscription fees in favour of fund.
  • OFST451319 Has Subscription Fee: Adjusted Field Description as a new field was added for has subscription fees in favour of fund.
  • OFST451320 Subscription Fee Maximum: Adjusted Field Description as a new field was added for maximal subscription fees in favour of fund.
  • OFST451405 Redemption Fee Applied: Ajdusted Field Description as a new field was added for applied redemption fees in favour of fund.
  • OFST451406 Redemption Fee Applied Reference Date: Adjusted Field Description as a new field was added for redemption fee applied reference date in favour of fund.
  • OFST451410 Redemption Fee Minimum: Adjusted Field Description as a new field was added for minimal redemption fees in favour of fund.
  • OFST451419 Has Redemption Fee: Adjusted Field Description as a new field was added for has redemption fees in favour of fund.
  • OFST451420 Redemption Fee Maximum: Adjusted Field Description as a new field was added for maximal redemption fees in favour of fund.
  • OFST452001 Management Fee Applied Reference Date: Adjusted Field Description to specify, how to handle this field in case the life cycle is “projected” or “to be launched”.
  • OFST454161 Distribution Fee Reference Date: Added Field Tag “MiFID ll data”.
  • OFST6030XX Country Legal Registration: Added link to white paper.
  • OFST6031XX Country Marketing Distribution: Added link to white paper.
  • OFST700640 Is Swiss Investment Foundation: Adjusted Field Description as this field only appiles for funds domiciled in Switzerland.

 

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