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The following table illustrates the entities used for a sample Multi-Manager account.
Plan level(Total Level Composite) | Asset Class level(Composite Constituent) | Manager level(Portfolio Constituent) |
|---|---|---|
Total Plan A (ACOM or COMP type entity) | ||
Equity (ACOM or COMP type entity) | ||
Manager A (PORT type entity) | ||
Manager B (PORT type entity) | ||
Fixed Income (ACOM or COMP type entity) | ||
Manager C (PORT type entity) | ||
Manager D (PORT type entity) |
This table shows the entities created for an entity hierarchy with three levels:
The top level is the Plan level, which contains Total Plan A. Total Plan A is a composite of composites. You define Total Plan A as an ACOM or COMP type entity.
The middle level is the Asset Class level. Plan A is comprised of two asset classes, Equity and Fixed Income. You define each asset class as an ACOM type entity. The Asset Class level contains two ACOMs or COMPs, Equity and Fixed Income.
The bottom level is the Manager level. The Equity asset class is comprised of the Manager A account and the Manager B account. The Fixed Income asset class is comprised of the Manager C account and the Manager D account. The Equity composite includes two Portfolio type entities, Manager A and Manager B. The Fixed Income composite includes two Portfolio type entities, Manager C and Manager D.
You use ACOM or COMP type composites for multi-manager entity hierarchy structures rather than Composite type composites because the Entity Hierarchy can track Manager entities that move in and out of the composite only if you define those composites as ACOMs or COMPs.
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