Help

Drift Report

- View a Batch Drift Report
- Run an Ad-hoc Drift Report
- Export Report Results
- Customize the Window

Overview

Drift Reports provide information on accounts assigned to a model where one or more positions' percent weights fell outside a model's established tolerance levels. The system computes the difference between an account position's percent weight and the model's targets and min/max tolerance using the most recent closing price. Only those accounts to which you are authorized are included.

There are two types of Drift Reports:

Drifted Portfolios
Runs automatically during the overnight cycle. Contains drift analysis for individual accounts or, if entitled, for households and accounts associated with households.
Run Ad-hoc Drift Report
Created manually on demand. Can be run for both individual accounts and households.

Note
DVP/RVP accounts and accounts containing short and option positions are included in the Drift Report Details and noted in the Comments column. However, they are not included in the drift analysis.

Top

View a Batch Drift Report

If entitled, view drift analysis for individual accounts and households.

Select Trade > Trading Tools > Portfolio Modeling & Rebalancing.
Select Reports > Drift Report.
Choose Drifted Portfolios. Next to the Household Batch Drift or Account Batch Drift title, select the arrow to expand the section.
To specify an account, from the Filter By field, choose one of the following and complete the associated text box:

Account #
Custom Short Name
FBSI Short Name
Primary Account Owner
Household Name (If entitled)
Select Filter.
To view the drift report, choose Open Details.

Go to: Export Report Results

Top

Run an Ad-hoc Drift Report

Generate a drift report for both individual accounts and households.

Select Trade > Trading Tools > Portfolio Modeling & Rebalancing.
Select Reports > Drift Report.
Choose Run Ad-hoc Drift Report.
If prompted to view a previously run report:

Select No to return to Run Ad-hoc Drift Report.
or
Select Yes to view the generated report.
Enter parameters to customize the report. (Parameters)
Select Run Report.

Go to: Export Report Results

Top

Parameters

Unsettled Credit and Unsettled Debit display the previous day's balances; they do not reflect intraday information.

Field	Definition
Account, Client, Group	The account, client, or group for which you want to run the report.
Equivalences	Considers equivalences when running the report.
Restrictions	Considers user-defined restrictions when running the report.
Cash Holding	Includes the cash in the account.
Drifted Accounts Only	The accounts that are outside the established tolerances.
Unsettled Credit	Includes any unsettled credits. Note This option activates if Cash Holding is included in the report.
Unsettled Debit	Includes any unsettled debits. Note This option activates if Cash Holding is included in the report.

Top

Export Report Results

Use buttons on the window to export the contents of a Drift Report:

Export to PDF
Create a PDF file.
Export to Excel
Create a spreadsheet.

Top

Customize the Window

Choose which columns to display in the report to match your business requirements.

- A "fixed" column cannot be removed or rearranged.
- A "required" column cannot be removed, but can be rearranged.

Select the Customize (gear) icon.
To add a column, choose an entry in Available Columns and select Add.
or
To delete a column, choose an entry in Selected Columns and select Remove.

- Removing a column only removes it from the display.
- Removing a column does not delete the column contents.
To change a column's order:

- Choose an entry in Selected Columns.
- Select Move Up or Move Down.
Select Save.

Top

Field Definitions

- Drift Report Results
- Drift Report Details

Top

Drift Report Results

The As of information displays the date (Mmm-DD-YYYY) and time (HH:MM AM/PM EST) that the report ran.

Field	Definition
Account Number	Batch Drift Report only The account number associated with the model.
Account Source	The custodian of the account: Fidelity Brokerage Fidelity Brokerage Services LLC FPRS Fidelity 403(b)/401(k) NFS National Financial Services LLC XAVNT Advent BLKD Black Diamond
Assigned Model	The user-defined name of the model provided by the creator/editor.
Basis	Indicates that the model's targets are Percentage-Based (PCT).
Cash Holding	The amount in USD of cash holdings in the account . Note This field displays $0.00 unless Cash Holding is selected and the account contains an actual cash holding.
Clients, Groups, Accounts	Ad-hoc Drift Report only The selected account number or the selected client or group and its associated account numbers.
Comments	The system displays information concerning the account in context, such as: [UNASSIGNED/CONFLICTING MODEL] [CONTAIN OPTION/SHORT POSITIONS] [DVP/RVP POSITIONS]
Credit in $	The amount in USD of cash credit due the account. Note This field displays $0.00 unless Cash Holding and Unsettled Credit are selected and a credit exists in the account.
Custom Short Name	The user-defined short name associated with the account, if available.
Debit in $	The amount in USD of debits pending for the account. Note This field displays $0.00 unless Cash Holding and Unsettled Debit are selected and a debit exists in the account.
FBSI Short Name	The short name assigned to the account, if available.
Last Orders Sent Date	The date and time that order(s) were sent to the Unsent Orders list, in DD-Mmm-YYYY HH:MM AM/PM ET format.
Last Rebalance Type	Whether the rebalance is: Standard Household
Primary Account Owner	The name of the primary holder of the account in last name, first name format.
Tolerance	Whether the Min/Max Range is: ABST Absolute RLTV Relative
Value	The total market value in USD of all securities held in the account.

Top

Drift Report Details

- Individual or Composite
- Asset Class

View an interactive graph that demonstrates the drift analysis of the cash holding and each security in either the individual account (Account Batch Drift Report) or the individual account or household (Ad-hoc Drift Report/Household Batch Drift Report).

If entitled, an Asset Class Allocations section displays. Use the View By drop-down list to select the information to display: Asset Mix (default), Geography (applicable to equities), Market Cap, Style, and Sector. The table and interactive chart provide a breakdown of the Asset Class, Target, and Initial percentages of the securities included in the model.

Note
Unclassified allocation includes unclassified equities and securities from other asset mixes.

Top

Individual or Composite Model Grid

Field	Definition
Comments	Information concerning equivalences and/or restrictions encountered when running the report, such as: [DON'T BUY RESTRICTION APPLIED]
Description	The description of the holding in the Symbol/CUSIP column.
Difference	The difference between the Actual % and the Target % of the holding.
Drift	Indicates whether the holding drifted from the model: Right Arrow Position is above the target specified by the model. Left Arrow Position is below the target specified by the model. No Indicator Position is at the target specified by the model (no drift). Note The Drift column is not included in the export.
Equivalence	The name of the equivalence included in the report, if applicable.
Initial	The actual percentage for the listed security or model.
Max	The upper percentage threshold for the listed security or model.
Min	The lower percentage threshold for the listed security or model.
Restriction	If a restriction was encountered when running the report, a restrictions icon displays.
Security ID	The CUSIP or the symbol for the listed security or the name the model.
Target	The target percentage for each listed security or model.

Top

Asset Class Model Grid

Field	Definition
Asset Class/Security ID	Entries for each one of the five Asset Mix categories; Equity, Fixed Income, Alternative/Other, Cash or Cash Equivalent, and Hybrid/Multi-Asset and the sleeves within them. The security ID for the assigned securities displays in the applicable sleeve. (Asset Class Data)
Description	The description of the security.
Equiv	If an equivalence is assigned to the security, an Equals icon displays.
Portfolio Allocation - Actual	The actual percentage of the allocation of the Asset Class sleeve or security in the context to the full model.
Portfolio Allocation - Difference	The difference between the Actual and Target percentages of the allocation of the Asset Class sleeve or security in the context to the full model.
Portfolio Allocation - Drift	Indicates whether the holding drifted from the percentage of the allocation of the Asset Class sleeve or security in the context to the full model. Right Arrow Position is above the target specified by the model. Left Arrow Position is below the target specified by the model. No Indicator Position is at the target specified by the model (no drift). Note The Drift column is not included in the export.
Portfolio Allocation - Max	The upper percentage threshold of the allocation of the Asset Class sleeve or security in the context to the full model.
Portfolio Allocation - Min	The lower percentage threshold of the allocation of the Asset Class sleeve or security in the context to the full model.
Portfolio Allocation - Target	The target percentage of the allocation of the Asset Class sleeve or security in the context to the full model.
Sleeve Allocation - Actual	The actual percentage of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve.
Sleeve Allocation - Difference	The difference between the Actual and Target percentages of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve.
Sleeve Allocation - Drift	Indicates whether the holding drifted from the percentage of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve. Right Arrow Position is above the target specified by the model. Left Arrow Position is below the target specified by the model. No Indicator Position is at the target specified by the model (no drift). Note The Drift column is not included in the export.
Sleeve Allocation - Max	The upper percentage threshold of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve.
Sleeve Allocation - Min	The lower percentage threshold of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve.
Sleeve Allocation - Target	The target percentage of the allocation of the Asset Class sleeve or security in the context to the asset class sleeve.

Top

871237.3.0