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Core Technology
NewRiver Core Technology: Fund Mapping from EDGAR
At the core of NewRiver product innovation is a patented technology process to extract SEC filings from EDGAR and then to convert this information into compliant documents - as electronic files and printable PDFs - tailored to a firm's fund lineup or even an investor's plan portfolio.
To do this, NewRiver accesses information daily for over 23,500 U.S. open-end mutual funds, as well as variable annuity and variable universal life subaccounts, 529 plans and exchange traded funds (ETFs). NewRiver uses this information to continuously update its proprietary database of compliance filings and library of disclosure document PDFs. Only NewRiver offers this "fund mapping" capability.
Because NewRiver retrieves and updates information daily from the definitive source - EDGAR - NewRiver clients and their investors enjoy the most timely and accurate mutual fund data and disclosure documents available.
The figure below shows how NewRiver uses its fund-mapping technology to create it database of compliance filings.
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- Mutual Fund Companies routinely electronically file their prospectuses, shareholder reports, Statements of Additional Information (SAIs), and related documents with the SEC.
- The SEC receives these filings on their electronic repository, the EDGAR database. NewRiver retrieves SEC filings from the EDGAR system for its use with NewRiver products.
- NewRiver's patented "Electronic Document Acquisition and Indexing" engine reviews and organizes new documents for each individual fund.
- NewRiver creates and updates daily a full electronic Compliance EnvelopeSM of the fund's filings.
- NewRiver then reviews and extracts data from each new document to maintain a current library of Compliance Grade data for each fund.
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NewRiver Core Competencies: Data Expertise and Integration
More than simply a data provider, NewRiver embodies two core competencies to provide client-specific data solutions:
- An unmatched level of intimacy with EDGAR and its mutual fund "library" - representing over 600 fund companies and 23,500 Fund CUSIPs - borne of years of disclosure document processing.
- A document management and data-extraction process, complete with quality-assurance testing by people and technology, honed over time to offer the optimum combination of accuracy and timeliness.
Data expertise and innovative integration make NewRiver the industry's "single source" for comprehensive, timely, and accurate mutual-fund data from an unimpeachable source EDGAR.
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