How does Raymond James allocate products that are not “x-rayed” by Morningstar?
• Annuities are x-rayed by the Morningstar feed only if they are currently “mapped.” Annuities that are not currently mapped will show up as “Non-Classified.” Efforts are underway to map the remaining un-mapped annuities. • UITs are not currently x-rayed, but instead are allocated 100% into U.S. Equity or Fixed Income depending on the investment objective of the UIT. • Funds are x-rayed by Morningstar, but because some products use options, swaps, futures contracts and other derivatives to gain exposure to asset classes, the information returned from Morningstar may not reflect the product’s actual asset class exposure. In some cases, Raymond James will override the allocation data from Morningstar and classify the product in another asset class.
