ALPS, A DST Co. | Atlantic Fund Services | BNY Mellon | DST | FIS | |
CLIENT INFORMATION | |||||
# Mutual fund complexes | 41 | 40 | 711 | 230* | 18 |
# Portfolios | 209 | 71 | 17,564 | 14,238 | 2,022 |
# Open-end U.S. mutual fund shareholder accounts (Ks) | 425 | 94 | 6,184 | 17,800 | 769 |
# Closed-end U.S. mutual fund shareholder accounts | 0 | 177 | 4,197 | 18,988 | 0 |
# Mutual fund complexes added/lost in 2017 | 2 | 1 | 5 | 12(14) | 1 |
# Shareholder accounts added/lost in 2017 | (44,020) | (3,914) | (255,573) | 1,111,649(294,293) | (7,954) |
# Clients outside of the U.S. | 0 | 0 | 245 | 279 | 2 |
# Clients operate offshore funds | N/A | 0 | 245 | 197 | 2 |
# Clients sell funds in their country of domicile | N/A | 0 | N/AV | 266 | 2 |
# Offices outside of the U.S. | 0 | 0 | 83 | 13 | 210+ |
SERVICE SUMMARY | |||||
Overflow facilities | N | N | Y | Y | Y |
DC participant recordkeeping | N | N | N | Y | Y |
Portfolio accounting | N | Y | Y | N | N |
Domestic custody | N | N | Y | N | N |
Global custody | N | N | Y | N | N |
Require funds to sign multiyear contract | Y | N | Y | N | Y |
Offer hybrid servicing (mix of full and remote service) | Y | Y | Y | Y | Y |
PERSONNEL | |||||
Average industry experience (years) | 12 | 19 | ** | N/AV | 15 |
Average tenure with company (years) | 5.18 | 12 | 7.3 | 10.67 | 13 |
Quality incentives available | Y | Y | Y | Y | Y |
In-house fulfillment facility | N | Y | N | N | N |
TYPE OF FUNDS SERVICED | |||||
No-Load Funds | U | U | U | U | U |
Front Load Funds | U | U | U | U | U |
CDSC (Back Load) Funds | U | A | U | U | U |
Spread Load Funds | U | A | U | U | U |
Multiple Class Funds | U | U | U | U | U |
Money Market Funds | U | A | U | U | U |
Variable Annuities | N | A | U | U | U |
Closed-End Funds | N | U | U | U | U |
Offshore Funds | A | U | U | U | U |
Foreign Managed Funds | U | A | U | U | U |
State Investment Pool | N | A | U | U | A |
SEC Registered Hedge Funds | U | U | U | U | U |
Unregistered Hedge Funds | N | U | U | U | U |
Cash Balance Hedge Funds | N | N | U | A | U |
Gemini Fund Services | Northern Trust | Ultimus Fund Solutions | UMB Fund Services | U.S. Bancorp Fund Services | |
CLIENT INFORMATION | |||||
# Mutual fund complexes | 140 | 152 | 80 | 79 | 246 |
# Portfolios | 432 | N/A | 265 | 395 | 1,120 |
# Open-end U.S. mutual fund shareholder accounts (Ks) | 939 | 577 | 364 | 359 | 2,671 |
# Closed-end U.S. mutual fund shareholder accounts | 38,292 | 0 | 502 | 30,641 | 3,690 |
# Mutual fund complexes added/lost in 2017 | 5(5) | 0(0) | (10) | 4 | 11 |
# Shareholder accounts added/lost in 2017 | 555(6,069) | 49,038 | 36,854 | 1,435 | 376,755 |
# Clients outside of the U.S. | 2 | 197 | 0 | N/A | 6 |
# Clients operate offshore funds | 2 | N/A | 0 | N/A | 0 |
# Clients sell funds in their country of domicile | 2 | N/A | 0 | N/A | 0 |
# Offices outside of the U.S. | 0 | 6 | 0 | N/A | 0 |
SERVICE SUMMARY | |||||
Overflow facilities | N | N | N | Y | N |
DC participant recordkeeping | N | N | N | Y | N |
Portfolio accounting | Y | Y | Y | Y | Y |
Domestic custody | N | Y | N | Y | Y |
Global custody | N | Y | N | Y | Y |
Require funds to sign multiyear contract | Y | Y | N | N | N |
Offer hybrid servicing (mix of full and remote service) | N | N | Y | Y | Y |
PERSONNEL | |||||
Average industry experience (years) | 12 | 5 | 17 | 11.75 | 24.4 |
Average tenure with company (years) | 7 | 5 | 7 | 7.5 | 24.4 |
Quality incentives available | Y | Y | Y | Y | Y |
In-house fulfillment facility | Y | N | Y | Y | N |
TYPE OF FUNDS SERVICED | |||||
No-Load Funds | U | U | U | U | U |
Front Load Funds | U | U | U | U | U |
CDSC (Back Load) Funds | U | U | A | U | U |
Spread Load Funds | U | N | U | A | U |
Multiple Class Funds | U | U | U | U | U |
Money Market Funds | U | U | U | U | U |
Variable Annuities | U | N | N | A | U |
Closed-End Funds | U | N | U | U | U |
Offshore Funds | U | U | A | U | U |
Foreign Managed Funds | U | U | A | A | U |
State Investment Pool | U | N | U | A | U |
SEC Registered Hedge Funds | U | U | A | U | U |
Unregistered Hedge Funds | U | U | N | U | U |
Cash Balance Hedge Funds | U | U | N | A | U |
**Not reported
N=Not available
U=In use
A=Available
D=In development
*Change in number of clients and accounts are primarily due to DST’s acquisition of Boston Financial Data Services.