Fund Rationalization demo

What the demo shows

Scores every fund to merge, close or keep and drafts the board memo for the product committee

A breakeven waterline over the whole fund range: each fund is a bar of assets against the line for its vehicle ($33M for an active ETF, $50M index ETF, $100M mutual fund, €75M UCITS sub-fund). The bars below the line are tinted with what the agents propose. Clicking one subscale ETF opens its case as a conversation with the agents: the Fund Scorer scores it, the Partner Finder finds the closest merger partner by overlap, the Rule Checker finds a different concentration policy in the SAI, so a shareholder vote is needed, and the Shareholder Impact agent prices the merger per share and the fall in holders' fees. A devil's advocate on a second model argues to keep it (a top-quartile three-year return, a possible model allocation); the scorer answers that it would still sit below the line. The committee chair reads both cases and records the merger with a reason. The Memo Drafter writes the board memo, the Rule 17a-8 findings and the N-14 outline, every figure cited, the Evidence Keeper tracks plans and evidence packs, and nothing reaches the board until the Treasurer and fund counsel have signed.

Transcript

1. 0:00Fund Rationalization scores every fund to merge, close or keep and drafts the board memo.
2. 0:09Product committees face record closures.
3. 0:13150 active ETFs shut in 2025, most subscale.
4. 0:19Agents score 240 funds each quarter against a breakeven line per vehicle, 31 fall below.
5. 0:29Clean Energy Innovators ETF holds $18.4M, an overlap 71% with sustainable equity ETF.
6. 0:39Merging costs $0.02 a share, but a different concentration policy means a shareholder vote.
7. 0:48The devil's advocate argues to keep it, citing top quartile returns.
8. 0:54The chair weighs both cases and records the merger with a reason.
9. 1:00The memo and end.
10. 1:0214 outline follow Every figure cited awaiting two signatures Every decision is cited signed and logged with an evidence pack Result Every
11. 1:18fund reviewed quarterly and an estimated 9.6 million a year of subsidies ended Built on Botminds Agents, data, screens and
12. 1:29governance on one platform

Transcribed from the film’s narration. Captions are on the player.