Manage Benchmarks

Owned by Kavitha Thangaswamy (Unlicensed)
Last updated: Jul 18, 2023 by Pamela Totas (Deactivated)
2 min read

In the Portfolio Desk's All workspace, you can create Benchmark entities, which belong to an entity type INDX. You can also create Benchmark entities from the Indices workspace.

About Benchmarks

A benchmark is a standard against which the performance of an entity, security, mutual fund or investment manager is measured. Generally, Industry indexes (for example, Russell 2000, S&P 500) are used as benchmarks.

PDC allows you to create Benchmark entity to use for "what if" exercises through modeling. For example, you can set up a benchmark to determine the impact of events such as a change in interest rates without actually buying or selling the securities.

For more information about using benchmark entities with Eagle Performance, see Manage Index Data. 

Select a Policy

In the Create New dialog box, you select a Benchmark entity type policy to create a benchmark entity.

To select a policy:

  1. In Portfolio Data Center, from the left navigation, select Portfolio Desk > All. Or select Portfolio Desk and click Indices.
    You can create Benchmark entity from both the workspaces.

  2. On the Home tab, in the Manage group, click Create New.
    You see the Create New dialog box. 

  3. In the Select Policy list, select a policy for the benchmark entity you want to create. 
    By default, you see the available lists of predefined policies. Note: You need to select a policy, wherein the policy type matches the entity type you want to create.

  4. Click OK.
    You see the Details page displaying the selected policy's field groups.

Provide Benchmark Details

In the Create New Benchmark wizard's Details page, you can provide the details about the benchmark. Based on the policy you select, you need to provide the appropriate information.

To add basic benchmark details:

  1. In the Effective Date, specify the effective date for the entity. Or use the Date selector to provide the appropriate date for the benchmark.
    This field identifies the date by which the benchmark is eligible for processing. You can specify an effective date in the past or future.  
    By default, you see the system date as the effective date.

  2. In the Entity ID box, type a unique ID for the benchmark.

  3. In the Entity Name box, type a name for the benchmark.
    You see the Details page with the list of the selected policy's field groups and their corresponding fields.

  4. Provide appropriate information for each field, as needed.

  5. Click Next.

Based on the entity policy configuration, the system enables the Peer Groups, Disclosures, Asset Mix Policy and Fee Schedule pages. See Create Entities for more information.

Provide Assignment Details

To add assignment details:

  1. In the Benchmark page, you assign benchmarks, as needed.

  2. In the Peer Group Association page, you assign peer groups, as needed.

  3. In the Disclosures page, select one or more disclosures as needed.

  4. In the Asset Mix Policy page, select one or more asset mix policies as needed.

  5. In the Fee Schedule page, select a fee schedule.

  6. Click Save to save the benchmark entity.
    You see a message stating successful entity creation. The system generates the benchmark entity and lists it in the Indices workspace.