Release Notes 08-29-24

Screener Updates

• Updated the screener to add Normalized Return on Invested Capital (ROIC) as ROIC is an important measure to show how efficiently a company is using investors’ funds to generate income. It is also a key input to determining whether or not a company has an economic moat.
• Added Total Yield which is the summation of the dividend yield and buyback yield. While many companies may not pay a dividend, they could still return a great deal of cash to shareholders through share repurchases, which may result in having a higher total yield than another company that does pay a dividend.
• Changed Return on Assets and Return on Equity to the Normalized versions as using normalized net income in this calculation gives a better measure of the datapoint as it removes items that are unusual and non-recurring
• Moved Price/Fair Value to the Morningstar Ratings section, out of the Valuation section
• Removed the "Search Securities" heading making the search by keywords more visible

Bug Fixes

• We fixed an issue in our gainers, losers, and actives market movers home page component which had resulted in missing data earlier today
• We've corrected a bug to ensure we tag funds that are "Under Review"
• We fixed the broken links on the Fund Analysis tab for a mutual fund, specifically the Comparables didn't link as intended to their related quote pages