Frequently Asked Questions (FAQ's)

How does openfunds help me to create a PRIIP KID PDF?

The EU regulation No 1286/2014 of 26 November 2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs) requires that private investors are provided with a Key Information Document (PRIIP KID) for their investments. A KID should contain essential information of interest to the private investor. The main factors are: – Risk […]

What is the frequency of releases of new openfunds versions?

In general, openfunds aims to release new versions not more than twice a year. Such releases are normally minor releases, where only the second version number changes, the one after the first dot. For instance, the version changes from “1.24” to “1.25“. On the other hand, there can also be unscheduled releases due to new […]

How can I find all the fields marked “//No longer supported.//” ?

There are two ways to do this: 1) Under the “Fields” tab, open the “openfunds fields v…” PDF and in the PDF reader search for the term “//No longer supported.//” (with the forward slashes, but without the inverted commas). 2) Alternatively, you can open the Excel file from the same location. On the right hand […]

What do the version numbers mean?

The various openfunds versions usually have version numbers in the format, as listed at fields. This means: – M… a major release number – mm… a minor release number – nn.. intermediate releases without new fields (bug fixes) Within a major release, (same number before the dot) openfunds tries to ensure the most effective […]

Is it preferable to wait for Version 1.0 instead of implementing a beta?

This very much depends on the flexibility of your IT situation. If it is quite flexible and can easily be expanded with new fields, it is worth using openfunds from an early stage, not least because you are probably already filling spreadsheets built on the openfunds standard. If implementing new fields causes difficulties, it would […]

What are beta versions?

Beta versions, easily recognized by a version number under 1.00, differ from later versions in several ways. Here are the key differences: – until version 1.00, the number of fields still being incorporated will be relatively high – new versions will come out in relatively quick succession until version 1.00. – as a result, there […]

What is the difference between openfunds and FundsXML?

Both FundsXML and openfunds help to automate the exchange of data by making structural and content-related proposals which can be used as common denominators. Whilst FundsXML specifies the file format and thereby draws on the advantages of XML, openfunds accepts a whole array of file formats, including txt, csv, xls(x) as well as XML files. […]