New Enhancements to the FIR Mapping Strategy Options
Published by
RPAG
on
We’re continuing to enhance the user experience when it comes to the Fiduciary Investment Review (FIR), the most utilized report in the RPAG system. In addition to the traditional ‘My Fund Menu’ and ‘Provider Product’ options, you also have ‘RPAG CIT Focus List (map all funds)’ and ‘RPAG CIT Focus List (map only funds up for elimination)’ options, which are now fully integrated with the latest CIT availability and “strategy equivalent” reporting capabilities. It is now easier than ever to analyze your clients’ lineups using your preferred mapping strategy.
- RPAG CIT Focus List (map all funds): This option will map all funds to the highest scoring RPAG Focus List strategy within each asset class a Focus List CIT is available.
- RPAG CIT Focus List (map only funds up for elimination): This option will map only funds up for elimination to the highest scoring RPAG Focus List strategy within each asset class a Focus List CIT is available.
The RPAG Investment Committee selects each strategy in our focus list after a thorough quantitative and qualitative review process, including in-depth conversations with the portfolio management team. Then, we leverage RPAG’s collective size and scale to get exclusive access to a lower cost CIT just for the RPAG membership, resulting in an average 35% cost savings relative to the lowest cost mutual fund share class.
| Manager Search Stage | Screening Criteria | Large Cap Growth | |||
| I | II | III | IV | ||
| Universe | All scored active funds in asset class | 3,935 | |||
| Quantitative/ Score Screen | Funds scoring 9 or 10 | 215 | |||
| Investment Strategy Review | Unique strategies; removing duplicate share classes | 61 | |||
| Quantitative/ Strength Review | Info ratio consistency | 18 | |||
| Manager Call/Visit | Qualitative review with portfolio manager(s) | 13 | |||
| Investment Committee Focus List | Highest conviction | 5 | |||
| Selected CIT Manager(s) | Fee negotiation | 4 | |||
| Mutual Fund Equivalent Expense | 0.61% | 0.44% | 0.52% | 0.58% | |
| Negotiated CIT Expense | 0.29% | 0.41% | 0.32% | 0.34% | |
| Fee Savings | 52% | 7% | 38% | 41% | |
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Looking for more information?
Contact the RPAG Support Team at support@rpag.com to learn more about RPAG and get help with our platform, suite of services, next-gen technology, or anything else!
