Morningstar has conducted new research that quantifies how much additional retirement income, or “Gamma,” investors can generate by making better financial planning decisions.

Five Fundamental Financial Planning Decisions

1. Optimal asset allocation based on total wealth
2. Dynamic withdrawal strategy
3. Product allocation
4. Tax-efficient allocation and drawdown
5. Liability-driven investing

Additional Training Information

An Analyst Expert webinar will take place on November 28th at 2 PM CT. Click here to read the research paper.

We recently became aware of errors in our fixed income sector breakdown assignments for funds. Approximately 25,000 global funds, spanning 44,000 active share classes, were affected across the open-end mutual fund, ETF, variable annuity subaccount, separate account, collective investment trust, and insurance group separate account databases. The problem occurred because some underlying bonds in fixed income portfolios, mainly municipal and Treasuries, were not coded correctly. These bonds were incorrectly assigned to the Convertible—Unspecified Secondary Sector, which rolls up to the Convertible Primary Sector, and Corporate Super Sector. We have corrected the error and recalculated all fund sector breakdowns. Click here to see a list of affected funds. We apologize for any inconvenience this may have caused.

The following data points have been added to the ETF Investment Detail Report in the October release:

1. Shares Outstanding
2. Leveraged
3. Leverage Type
4. Leverage % (Weighting)
5. Primary Prospectus Benchmark

Morningstar has also updated the “Risk and Return” section of the disclosure statement at the end of the Investment Detail Report for variable annuity subaccounts. For more information, please see the October client letter.