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For the Equity component in the target dictionary, you select the Eagle Test Portfolio 1 as the source entity, applying a weight of 93%. You select a source dictionary of Asset Class Model. A value of Total initially appears in the Dictionary Node field, but you want to use only the Equity component of that portfolio for the custom benchmark.
To create a carve out:
- Follow the procedure to create a Blended Weighted benchmark or a Floating Weight benchmark.
- Select a value from the Target Performance Model drop-down list.
A grid appears at the bottom of the workspace with column headings that are based on the model you selected. - Double-click a cell in the grid to define values for the blended index.
A dialog box appears with Entity, Source, Model, Model Node, and Weight fields. - Enter values for Entity, Source, Model, and Weight.
- If you want to change the Model Node, double-click the Total section.
The Dictionary Node Selection dialog box appears showing the structure of the target performance model selected. If the performance model has a level below Total, the level 2 grouping is displayed. - Select the appropriate node in the tree structure and click Save.
The selected node name appears in the Total dialog box. - Enter a numeric value in the Weight text box and click OK.
The dialog box closes. After you assign values for each node, those values appear in the target dictionary grid. - Select other entities to define using the procedure outlined above, as needed.
- When you have completed your entries in the grid, click Save.
The custom index attribute information is saved in the database in the RULESDBO.CUSTOM_INDEX_ATTRIBUTES table.
Additional pages are available for Benchmark, Peer Group Association, Disclosures, and Permissions, but they are not required for the custom benchmark setup.