Mutual Fund Quotation Service (MFQS) Daily List Reports Table of

Mutual Fund Quotation Service (MFQS) Daily List Reports Updated: January 20, 2016 Table of Contents Mutual Fund Quotation Service (MFQS) Daily List Reports ........................................................ 1 Overview ................................................................................................................. 3 Web Service Reports ............................................................................................. 3 Secured Website Access ........................................................................................ 3 Architecture ......................................................................................................... 4 Hours of Operation ............................................................................................... 6 Release Notes ...................................................................................................... 6 Upcoming Change – Deletion Codes ..................................................................... 6 Change In Progress – NextShares ........................................................................ 7 Past Changes – 2014 .......................................................................................... 7 Past Changes – 2013 ........................................................................................ 10 MFQS Daily List(s) ................................................................................................... 13 Web Service Parameters ...................................................................................... 13 MFQS Daily List File Format ................................................................................. 13 Security Level Details ....................................................................................... 13 Closing Record ................................................................................................ 41 Event Code Descriptions ...................................................................................... 42 Daily List Processing Summary ............................................................................. 45 MFQS Daily List Posting Time ............................................................................... 47 MFQS Directory .......................................................................................................... 48 Web Service Parameters ...................................................................................... 48 Directory File Format .......................................................................................... 48 Security Level Details ....................................................................................... 48 Documentation Posting Service .................................................................................... 54 Web Service Parameters ...................................................................................... 54 Documentation List File Format ............................................................................ 54 Security Level Details ....................................................................................... 54 Ex Date Report ........................................................................................................ 57 Web Service Parameters ...................................................................................... 57 MFQS Daily List Ex-Date Report File Format .................................................................................. 57 Security Level Details ....................................................................................... 57 MFQS Ex-Date Report Timing ............................................................................... 63 Appendix A –Documentation Version Control Log .............................................................. 64 Ex Date file format changes: ................................................................................ 68 Revised: January 20, 2016 Page 2 MFQS Daily List Overview Web Service Reports The MFQS Daily List is a web-based data product offered by Nasdaq Information, LLC. The MFQS Daily List is designed to provide the market data community with issue level security details for MFQS instruments. This Nasdaq product includes MFQS-related reports: 1. MFQS Daily List: This component provides advance notification of MFQS registration actions such as new instruments, deleted instruments and instrument attribute changes. For the Daily List component, Nasdaq will generate two daily files: a. MFQS Daily List – Advance Notifications: This file will include all MFQS registration actions that were approved by MFQS Operations on the current business date for a future MFQS effective date. b. MFQS Daily List – Next Business Day Changes: This file provides only those MFQS registration actions scheduled to take effect on the next business date. 2. MFQS Directory: This component file provides security level information for all active instruments in the MFQS system at the beginning of the current business day. 3. MFQS Documentation Posting Service: Nasdaq allows MFQS issuers to post prospectus, statements of additional information (SAI), semi-annual and annual reports, and money market monthly financial statements in PDF format for market data vendors to access. Each day, Nasdaq will generate a file defining new MFQS documents available for download. 4. Ex Date Report: Nasdaq allows MFQS pricing agents to enter advance notifications of Dividend/Interest and Capital Distribution actions. To ensure that the market data community can access these corporate actions on the appropriate ex-date, Nasdaq plans to add an Ex-Date report to the MFQS web product. Please note that the MFQS Daily List includes CUSIP numbers. Firms must have an agreement in place with the S&P CUSIP Bureau and appropriate MFQS entitlement token in order to see the CUSIP values within the MFQS files. . Secured Website Access Nasdaq offers MFQS website access to MFQS Daily List subscribers. Through the MFQS website, firms may download all the reports listed above. In addition, Nasdaq will offer the following functionality via the MFQS website: • • • Search capabilities for the MFQS Directory and MFQS Daily List products. Ability to view intra-day MFQS reporting statistics. Ability to download monthly MFQS reports such as Instrument counts by pricing agent, Instrument counts by issuer, Updates by instrument type and Updates by time interval. Revised: January 20, 2016 Page 3 MFQS Daily List Firms should be able to log into the MFQS website at https://www.nasdaqmfqs.com to take advantage of the new functionality. For details on the MFQS website functionality, please refer to the Downloads and Reports section of the MFQS Website User Guide. Architecture The MFQS Registration Service data files will be accessible to subscribers via Secured Web Service. In order to access the files, MFQS Daily List subscribers must have a valid security certificate, user ID and password from Nasdaq. Nasdaq strongly recommends that firms create web service calls to retrieve the MFQS Daily List and MFQS Symbol Directory files. Nasdaq has modified the authentication process for fetching files from the MFQS Secure Web Service. All programmatically generated calls should contain client certificate issued by NASDAQOMX (NasdqOMX Web Security Framework). Exported (http://support.microsoft.com/kb/179380) certificate can be saved as a file and added to the request. For security reasons, Nasdaq recommends that firms access the MFQS web services via “POST” (user credentials passed via form post) method. The following is an example call that can be used to retrieve files: GetFile("https://www.nasdaqmfqs.com/reports/MFQSDirectory.ashx?Date=11-292010&Type=pipe","YOURUSERNAME","YOURPASSWORD", “PATHTOSAVEDCERT”, “CERTPASSWORD”); public static void GetFile (string url, string username, string password, string certPath, string certPassword) { string postData = String.Format("username={0}&password={1}", username, password); StreamReader sr = null; HttpWebRequest request = (HttpWebRequest)HttpWebRequest.Create(url); request.Method = "POST"; request.Accept = "text/html"; request.CookieContainer = new CookieContainer(); request.UserAgent = "Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1)"; ///Exported client certificate added to the request. X509Certificate yourCert = new X509Certificate(certPath, certPassword); request.ClientCertificates.Add(yourCert); byte[] byteArray = System.Text.Encoding.UTF8.GetBytes(postData); request.ContentType = "application/x-www-form-urlencoded"; request.ContentLength = byteArray.Length; Stream dataStream = request.GetRequestStream(); dataStream.Write(byteArray, 0, byteArray.Length); dataStream.Close(); try { using (HttpWebResponse response = (HttpWebResponse)request.GetResponse()) { Revised: January 20, 2016 Page 4 MFQS Daily List if ((int)response.StatusCode < 400 || (int)response.StatusCode > 499) { sr = new StreamReader(response.GetResponseStream()); //here you can parse the stream and store in db, or write to a file //i will simply write it to the console Console.WriteLine(sr.ReadToEnd()); } else { //error in web request returned by server Console.WriteLine(response.StatusCode + ": " + response.StatusDescription); } } } } catch (Exception e) { Console.WriteLine(e.Message); } finally { sr.Close(); } Note: Clients are required to replace username and password with their unique assigned logon credentials from Nasdaq. Additional authentication examples are available upon request. Clients also need to present a valid client side certificate “NasdaqOMX Web Security Framework”. Other Sample Calls Using CURL: curl -b cookies.txt -c cookies.txt -d "username=XXX&password=YYY" “url” --cert <certificate[:password]> Note: Cookies should be turned on to retain sessions. In addition, explicitly post the username and password (lower case) and remove server variables. Revised: January 20, 2016 Page 5 MFQS Daily List Hours of Operation The MFQS web service reports outlined in this document are available for download from Monday mornings at 12:00 a.m., Eastern Time (ET) through Friday evenings at 11 p.m., ET. The MFQS posting times for each report are as follows: Report Name MFQS Daily Lists – All Versions Initial Posting Time Between 11:00 a.m., ET and 1 p.m., ET MFQS Symbol Directory 7:00 a.m., ET MFQS Ex-Date Report 8:00 a.m., ET Final Posting Time 6:00 p.m., ET 8:05 p.m., ET Notes Nasdaq attempts to post file by 12 noon, ET. After initial posting, Nasdaq attempts to limit the MFQS Daily List changes to corrections only. Since the MFQS Symbol Directory contains only active instruments, it is rare for the contents to change intraday. Nasdaq dynamically updates the MFQS Ex-Date report as MFQS pricing agents enter dividend and capital distribution data into the MFQS system. For the most complete data, Nasdaq recommends that firms pull the report after 8:05 p.m., ET Release Notes Upcoming Change – Deletion Codes On or about February 22, 2016, Nasdaq will release two new deletion reason codes to facilitate the processing of instrument class conversions and reorganizations. For the Deletion Reason field, Nasdaq is adding the following two values: Code V Value Instrument Conversion Notes Nasdaq will use this deletion reason code if an instrument is being reorganized as a different asset class. For example, this code would be used if an open end mutual fund is converting to a closed end mutual fund. For instrument conversions, MFQS Daily List will carry a deletion record for the old asset class as well as an addition record for the new asset class value. The corresponding addition record should Revised: January 20, 2016 Page 6 MFQS Daily List Code R Value Instrument Reorganization Notes be on the same business day’s or the next business day’s list. Firms should use the CUSIP / Symbol fields in the deletion record to map two records as necessary for downstream customers. Code will be used for reorganizations other than instrument conversions, mergers or acquisitions. For example, Nasdaq may use the reorganization code for instrument class restructuring. For reorganizations, Nasdaq will do its best to populate CUSIP and Symbol fields within MFQS Daily List deletion record for downstream data mapping purposes. Note: Nasdaq is also adding a Document Type value of “Statement of Reorganization” to correspond to this new deletion reason code. Firms are advised to read the supporting document in the Documentation Daily List for corporate action details. Change In Progress – NextShares Nasdaq is working with NextShares Solutions LLC to introduce a new exchange-listed and exchange-traded asset class in 2016. For more information, visit the NextShares website at http://www.nextshares.com or Nasdaq Trader NextShares page at http://www.nasdaqtrader.com/trader.aspx?id=ETMF. The MFQS system will be used to report daily net asset value for NextShares. NextShares will carry the new Instrument Type code of “EM” and the new Instrument Code of “Q”. NextShares will use different symbology standard than other MFQS asset classes. Based on industry feedback, Nasdaq plans to issue 7-character MFQS symbols for NextShares, consisting of the Nasdaq’s exchange five-character trading symbol and the ending two characters “NX” (no delimiters). If, for example, the NextShares instrument had an exchange listing ticker of “ETMFC”, the MFQS symbol for NAV reporting would be “ETMFCNX”. MFQS code changes for NextShares were released in September 2015. trading launch is expected in first quarter 2016. Actual NextShares Past Changes – 2014 As of August 11, 2014, Nasdaq supports MFQS test symbols within the MFQS Daily List, MFQS Symbol Directory and MFQS Ex-Date Report. Nasdaq also standardized MFQS field names across products and modify file formats to better reflect instrument data from MFQS issuers. For the MFQS Daily List(s), Nasdaq made following file format changes: Fields to be added: • Test Symbol Flag: Nasdaq added a Test Symbol Flag to the MFQS Daily List file to clearly delineate test securities from live production securities in the MFQS system. • Symbol Reuse Flag: To facilitate data mapping, Nasdaq added a Symbol Reuse Flag to the MFQS Daily List. This field will be populated if Nasdaq is reissuing a MFQS symbol that was previously used within the system. Revised: January 20, 2016 Page 7 MFQS Daily List • • Instrument Registration: This new field identifies the regulatory agency responsible for oversight of MFQS instruments. As outlined in Data Technical News #2013-48, MFQS supports 529 plans registered with the U.S. Securities and Exchange Commission (SEC) or the Municipal Securities Rulemaking Board (MSRB). Total Net Assets – Inception Date: This new field provides total net assets (in actual dollars) at the time of instrument inception if provided by MFQS issuer / administrator. Field removed: • Fund Manager: Nasdaq removed the following manager fields due to lack of use: Fund Manager Last Name – Current, Fund Manager First Name – Current, Fund Manager Last Name – New, Fund Manager First Name, Fund Manager Start Date. Nasdaq advises firms to refer to prospectus document for fund management details. Fields that were standardized: Old Field Name Daily List Posting Date Daily List Posting Time MFQS Issue Type – Current MFQS Issue Type – New MFQS Issue Category – Current MFQS Issue Category – New MFQS Pricing Frequency – Current MFQS Pricing Frequency – New Pricing Currency Inception Date Net Asset Value (NAV) Open To New Investors Flag MFQS Symbol for Merger CUSIP for Merger Documentation Available Current NSCC Clearing Eligible New NSCC Clearing Eligible New Standardized Field Name Posting Date Posting Time Instrument Type / Tier – Current Instrument Type / Tier – New Instrument Code – Current Instrument Code – New Pricing Frequency – Current Pricing Frequency – New Notes Field values for mutual funds were modified: O = Open-End Mutual Fund C = Closed-End Mutual Fund Currency NAV – Inception Date Open To New Investors MFQS Symbol for Merger/Acquisition CUSIP for Merger/Acquisition Document Available NSCC Clearing Eligible – Current NSCC Clearing Eligible – New For the MFQS Directory, Nasdaq will make the following file format changes: Revised: January 20, 2016 Page 8 MFQS Daily List Fields added: • Test Symbol Flag: Nasdaq added a Test Symbol Flag to the MFQS Daily List file to clearly delineate test securities from live production securities in the MFQS system. • Instrument Registration: This new field will identify the regulatory agency responsible for oversight of MFQS instruments. As outlined in Data Technical News #2013-48, MFQS supports 529 plans registered with the U.S. Securities and Exchange Commission (SEC) or the Municipal Securities Rulemaking Board (MSRB). • Total Net Assets – Inception Date: This new field will provide total net assets (in actual dollars) at the time of instrument inception if provided by MFQS issuer / administrator. • Distribution Type: For file consistency reasons, Nasdaq added the Distribution Type field in the MFQS Directory file. This field had previously been available via the MFQS Daily List only. • Distribution Frequency: For file consistency reasons, Nasdaq added the Distribution Frequency field in the MFQS Directory file. This field had previously been available via the MFQS Daily List only. Field removed: • Fund Manager: Nasdaq removed the following manager fieds due to lack of use: Fund Manager Last Name and Fund Manager First Name. Nasdaq advises firms to refer to prospectus document for fund management details. Fields that were standardized: Old Field Name MFQS MFQS MFQS MFQS Instrument Name Issuer Name Instrument Type Issue Category CUSIP Number International Security Identification Number (ISIN) MFQS Pricing Agent MFQS Pricing Frequency Pricing Currency Minimal Subscription Amount – Initial Minimal Subscription Amount – Incremental Open To New Investors Flag MFQS System Start Date Revised: January 20, 2016 New Standardized Field Name Instrument Name Issuer Name Instrument Type / Tier Instrument Code CUSIP ISIN Notes Field values for mutual funds were modified: O = Open-End Mutual Fund C = Closed-End Mutual Fund Field is not actively populated at this time. Pricing Agent Pricing Frequency Currency Minimum Initial Subscription Minimum Incremental Subscription Open To New Investors MFQS Start Date Page 9 MFQS Daily List For the Ex Date Report, Nasdaq will make the following file format changes: Field added: • Status: This field denotes if MFQS instrument is an active (live production) security or test security. Fields that were standardized: Old Field Name Fund ID Fund Type New Standardized Field Name MFQS Symbol Instrument Type / Tier Fund Code Instrument Code Distribution Type Distribution Message Update Type Stock Dividend Factor Short Term Gain Long Term Gain Action Stock Dividend Ratio Short Term Capital Gain Long Term Capital Gain Notes Field values were standardized to match MFQS Daily List / MFQS Directory files Field values were standardized to match MFQS Daily List / MFQS Directory files Field values were changed to reflect Mutual Fund Dissemination Service (MFDS) message types. Past Changes – 2013 September 9, 2013 Release On September 9, 2013, Nasdaq introduced a non-CUSIP option for the MFQS Daily List product. Nasdaq uses the same base file formats for all subscribers, although it will only populate CUSIP fields for those subscribers with a valid CUSIP license and entitlement token. At the request of the market data community, Nasdaq introduced new values for the following MFQS file fields: File Name Field Names MFQS Daily List – All Versions Deletion Reason Code P Definition Postponed Issuances Ex Date Report DistributionType Code Special Definition Special Cash Dividends Revised: January 20, 2016 New Values When Code Will Be Used If the MFQS issuer notifies Nasdaq of the postponement after the MFQS effective date. If MFQS Pricing agent needs to report a special cash dividend Page 10 MFQS Daily List for a fund as part of year-end processing. At the request of the Structured Product Association (SPA), Nasdaq now supports the Replacement application type for structured product instruments. Nasdaq also redefined the MFQS Instrument Category values for structured product instruments. Instrument Category for Structured Products Code Current Value New Value R Structured Product – Access Transactions Structured Product – Hybrid S Structured Product – Tax Driven Structure Structured Product – Single Stock T Structured Product – Buffered Note U Structured Product – Principal Protected Note Structured Product – Principal Protected V Structured Product – Levered Note Structured Product – Commodity / FX W Structured Product – Enhanced Income Note Structured Product – Rates Enhanced L Open / Not Defined Structured Product – Other Structured Product –Buffer/Barrier Enhanced Upside For the structured product changes, the following file fields were impacted: File Name Field Names Changes Implemented on September 9, 2013 MFQS Daily List – All Versions MFQS Event Code MFQS Daily List – All Versions MFQS Issue Category – Current, MFQS Issue Category – New MFQS Directory MFQS Issue Code MFQS Document Posting Service AssociatedAction Changed value from “UIT Replacements” to “Replacements” as Nasdaq will support the replacement application option for Structured Product instruments as well as Unit Investment Trusts. Updated Issue Category values for Structured Products instruments to reflect new industry recommendations. Updated MFQS Issue Code values for Structured Products instruments to reflect new industry recommendations. Changed value from “UIT Replacement” to Revised: January 20, 2016 Page 11 MFQS Daily List Ex Date Report FundCode “Replacement”. Updated FundCode values for Structured Products instruments to reflect new industry recommendations. March 11, 2013 Release On March 11, 2013, Nasdaq added a new asset class of Alternative Investment Products (AIPs) to the MFQS system. In support of the new asset class, Nasdaq added new Issue Type and New Issue Category values to MFQS Daily List and MFQS Symbol Directory. As part of the March 2013 release, Nasdaq also added a NSCC eligibility flag to the MFQS Daily List and MFQS Directory files as well as MFQS system start date to the MFQS Directory file only. For ease of implementation, the new fields are being added to the end of the MFQS Daily List and MFQS Directory file formats. Revised: January 20, 2016 Page 12 MFQS Daily List MFQS Daily List(s) Web Service Parameters To retrieve the MFQS Directory, Web Service Users shall need to enter a call with the following parameters: • • • Daily List File Name: As noted below, Nasdaq offers two versions of the MFQS Daily List. User should specify “MFQSAdvance” or “MFQSNextDay”. Date of Daily List: Data should be entered in MM-DD-YYYY or MM/DD/YYYY format. File Type: Data should indicate requested file format. Options: “XML” for XML formatted text, “pipe” for pipe (|) delimited text, or “ExcelXML” for a formatted MSExcel file. https://www.nasdaqmfqs.com/reports/MFQSAdvance.ashx?Date=MM-DD-YYYY&Type=pipe https://www.nasdaqmfqs.com/reports/MFQSNextDay.ashx?Date=MM-DD-YYYY&Type=pipe MFQS Daily List File Format Each business day, Nasdaq will post two MFQS Daily List files with the same basic file format: • MFQS Daily List – Advance Notifications: This file will include all MFQS registration actions that were approved by MFQS Operations on the current business date regardless of the effective date. This advance notification file will be stored as a pipe-delimited text file. For the Web Service file name parameter, please use MFQSAdvance. • MFQS Daily List – Next Business Day Changes: This file provides only those MFQS registration actions scheduled to take effect on the next business day. This next day file will be stored as a pipe-delimited text file. For the Web Service file name parameter, please use MFQSNextDay. The file format for both files will be the same. The MFQS Daily List files will include a message header row with the field headings. Following the message header row, the individual security-level records will be sorted in ascending order by MFQS Effective Date and then ascending alphabetic order by MFQS Symbol field. As the last record in the file, the system will provide the Web Service parameters as well as the Note for the Day. Security Level Details Data Field Posting Date Field Format Date, MM/DD/YYYY Posting Time Time, HHMMSS Revised: January 20, 2016 Description Denotes the date on which the MFQS Daily List record was generated. Date field is stored in MM/DD/YYYY format. Denotes the time that the MFQS Daily List entry was generated or last updated. The time will be Page 13 MFQS Daily List Data Field Field Format MFQS Effective Date Date, MM/DD/YYYY MFQS Event Code Text up to 50 bytes Issuer Corporate Action Date Instrument Type / Tier – Current Date, MM/DD/YYYY 2 bytes, Alphanumeric Description stated in HHMMSS format. The time is based on US Eastern Time. Denotes the date that the MFQS instrument registration change will be effective in the MFQS system. Date field is stored in MM/DD/YYYY format. Indicates the type of registration action associated with the MFQS instrument. Allowable values are: MFQS Event Codes Addition Deletion Replacement MFQS Attribute Change Restore Withdraw – Addition Withdraw – Deletion Withdraw – Replacement Withdraw - MFQS Attribute Change Withdraw – Restore Denotes the date that the MFQS issuer will enact (enacted) the instrument change action on its side. Date field is stored in MM/DD/YYYY format. Note: The Issuer Corporate Action Date shall be populated for MFQS Attribute Change and Deletion event codes only. Denotes the MFQS security class and listing tier for the instrument at the time of the Daily List posting. Allowable values are: Code MF MS $$ $S US AN SP AP EM Value Mutual Fund – News Media List Mutual Fund – Supplemental List Money Market Fund – News Media List Money Market Fund – Supplemental List Unit Investment Trust (UIT) Annuity Structured Product Alternative Investment Product (AIP) NextShares Exchange Traded Managed Fund New code as of September Revised: January 20, 2016 Page 14 MFQS Daily List Data Field Instrument Type / Tier – New Field Format 2 bytes, Alphanumeric Description 2015 The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the MFQS issue type for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the MFQS issue type in system on the Daily List posting date. • For deletion actions, this field will reflect the MFQS issue type for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the MFQS security class and listing tier for the instrument as of the MFQS Effective Date. Allowable values are: Code MF MS $$ $S US AN SP AP EM Value Mutual Fund – News Media List Mutual Fund – Supplemental List Money Market Fund – News Media List Money Market Fund – Supplemental List Unit Investment Trust (UIT) Annuity Structured Product Alternative Investment Product (AIP) NextShares Exchange Traded Managed Fund New code as of September 2015 The processing rules by action are as follows: • For addition actions, this field will reflect the MFQS issue type for the instrument being added to the system. • For replacement actions, this field will reflect the MFQS issue type for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the MFQS issue type as of the MFQS effective date. • For deletion actions, this field will not be Revised: January 20, 2016 Page 15 MFQS Daily List Data Field Field Format Instrument Code – Current 1 byte, Alphanumeric Revised: January 20, 2016 Description populated. • For restore actions, this field will reflect the MFQS issue type for the instrument being reinstated to the MFQS system. Indicates the investment strategy or subcategory for the MFQS instrument at the time of the Daily List posting. The allowable values are: Code Value Mutual Funds (Types MF and MS) O Mutual Fund – Open End C Mutual Fund – Closed End Money Market Funds (Types $$ and $S) Money Market Fund – A General Purpose Money Market Fund – G Government Securities Money Market Fund – Tax X Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust – Debt D Securities Unit Investment Trust – E Equity Securities Annuities (Type AN) M Annuity – Variable N Annuity – Equity Indexed Structured Products (Type SP) R Structured Product – Hybrid Structured Product – Single S Stock Structured Product – T Buffer/Barrier Enhanced Upside Structured Product – U Principal Protected Structured Product – V Commodity / FX Structured Product – Rates W Enhanced L Structured Product – Other Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund H Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity Offering Page 16 MFQS Daily List Data Field Field Format Description NextShares Exchange Traded Managed Funds (Type EM) Q NextShares New Code as of September 2015 MFQS Instrument Code – New 1 byte, Alphanumeric The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the MFQS issue category for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the MFQS issue category in system on the Daily List posting date. • For deletion actions, this field will reflect the MFQS issue category for the instrument being removed from the system. • For restore actions, this field will not be populated. Indicates the investment strategy or subcategory for the MFQS instrument on the stated MFQS Effective Date. The allowable values are: Code Value Mutual Funds (Types MF and MS) O Mutual Fund – Open End C Mutual Fund – Closed End Money Market Funds (Types $$ and $S) Money Market Fund – A General Purpose Money Market Fund – G Government Securities Money Market Fund – Tax X Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust – Debt D Securities Unit Investment Trust – E Equity Securities Annuities (Type AN) M Annuity – Variable N Annuity – Equity Indexed Structured Products (Type SP) R Structured Product – Hybrid Structured Product – Single S Stock Revised: January 20, 2016 Page 17 MFQS Daily List Data Field Field Format Description Structured Product – Buffer/Barrier Enhanced Upside Structured Product – U Principal Protected Structured Product – V Commodity / FX Structured Product – Rates W Enhanced L Structured Product – Other Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund H Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity Offering NextShares Exchange Traded Managed Funds (Type EM) Q NextShares T New code as of September 2015 MFQS Symbol – Current 11 bytes, Alphanumeric The processing rules by action are as follows: • For addition actions, this field will reflect the MFQS issue category for the instrument being added to the system. • For replacement actions, this field will reflect the MFQS issue category for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the MFQS issue category as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the MFQS issue category for the instrument being reinstated to the MFQS system. Denotes the NASDAQ-assigned symbol for MFQS instrument at the time of the MFQS Daily List file posting. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the MFQS symbol for the Revised: January 20, 2016 Page 18 MFQS Daily List Data Field Field Format MFQS Symbol – New 11 bytes, Alphanumeric CUSIP – Current CUSIP – New 9 bytes, Alphanumeric 9 bytes, Alphanumeric Revised: January 20, 2016 Description instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the MFQS symbol in system on the Daily List posting date. • For deletion actions, this field will reflect the MFQS symbol for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the new NASDAQ-assigned symbol for MFQS instrument as of the MFQS Effective Date. The processing rules by action are as follows: • For addition actions, this field will reflect the MFQS symbol for the instrument being added to the system. • For replacement actions, this field will reflect the MFQS symbol for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the MFQS symbol as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the MFQS symbol for the instrument being reinstated to the MFQS system. Denote the CUSIP in the MFQS system for the instrument at the time of the MFQS Daily List file posting. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the CUSIP for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the CUSIP in system on the Daily List posting date. • For deletion actions, this field will reflect the CUSIP for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the CUSIP number, as being reported by the MFQS Issuer, for the MFQS instrument as of the MFQS Effective Date. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement Page 19 MFQS Daily List Data Field Instrument Name – Current Instrument Name – New Field Format Text up to 150 bytes Text up to 150 bytes Description token. The processing rules by action are as follows: • For addition actions, this field will reflect the CUSIP for the instrument being added to the system. • For replacement actions, this field will reflect the CUSIP for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the CUSIP as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the CUSIP for the instrument being reinstated to the MFQS system. Denotes the Issue Name in the MFQS system for the instrument at the time of the MFQS Daily List file posting. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Issue Name for the instrument being replaced in the system. • For instrument attribute change actions, this field will reflect the Issue Name in system on the Daily List posting date. • For deletion actions, this field will reflect the Issue Name for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the Issue Name for MFQS instrument as of the MFQS Effective Date. The processing rules by action are as follows: • For addition actions, this field will reflect the Issue Name for the instrument being added to the system. • For replacement actions, this field will reflect the Issue Name for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the Issue Name as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Issue Name of the instrument being Revised: January 20, 2016 Page 20 MFQS Daily List Data Field Field Format Issuer Name – Current Text up to 150 bytes Issuer Name – New Exchange Code for Listed Instruments – Current Text up to 150 bytes 4 bytes, Alphanumeric Description reinstated to the MFQS system. Denotes the name of the Issuer / Sponsor for the MFQS instrument at the time of the MFQS Daily List file posting. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Issuer Name for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the Issuer Name in system on the Daily List posting date. • For deletion actions, this field will reflect the Issuer Name for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the name of the Issuer / Sponsor for the MFQS instrument as of the MFQS Effective Date. The processing rules by action are as follows: • For addition actions, this field will reflect the Issuer Name for the instrument being added to the system. • For replacement actions, this field will reflect the Issuer Name for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the Issuer Name as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Issuer Name for the instrument being reinstated to the MFQS system. Denotes the ISO 10383 Market Identification Codes (MICs) for the primary listing market center for the MFQS instrument at the time of the Daily List posting. Note: This field will be populated for closed-end funds / exchange traded funds and structured products only. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will Revised: January 20, 2016 Page 21 MFQS Daily List Data Field Field Format Exchange Code for Listed Instruments – New 4 bytes, Alphanumeric Description not be populated. • For MFQS attribute change actions, this field will reflect the Listing Exchange Code in system on the Daily List posting date. • For deletion actions, this field will reflect the Listing Exchange Code for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the ISO 10383 Market Identification Codes (MICs) for the primary listing market center for the MFQS instrument as of the MFQS Effective Date. Note: This field will be populated for closed-end funds / exchange traded funds and structured products only. Exchange Symbol For Listed Instruments – Current 11 bytes, Alphanumeric The processing rules by action are as follows: • For addition actions, this field will reflect the Listing Exchange Code for the instrument being added to the system. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Listing Exchange Code as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Listing Exchange Code for the instrument being reinstated to the MFQS system. Denotes the ticker symbol for the MFQS instrument on its primary listing market at the time of the Daily List posting. Note: This field will only be populated if the exchange code field above is populated. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Listing Exchange Code in system on the Daily List posting date. • For deletion actions, this field will reflect Revised: January 20, 2016 Page 22 MFQS Daily List Data Field Field Format Exchange Symbol For Listed Instruments – New 11 bytes, Alphanumeric Description the Listing Exchange Code for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the ticker symbol for the MFQS instrument on its primary listing market as of the MFQS Effective Date. Note: This field will only be populated if the exchange code field above is populated. Newspaper Category – Current Newspaper Category – New 20 bytes, Alphanumeric (inclusive of spaces) 20 bytes, Alphanumeric (inclusive of Revised: January 20, 2016 The processing rules by action are as follows: • For addition actions, this field will reflect the Listing Exchange Symbol for the instrument being added to the system. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Listing Exchange Symbol as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Listing Exchange Symbol for the instrument being reinstated to the MFQS system. Denotes the heading to be displayed in print media stock tables in for the MFQS Issuer / Fund Family as of the Daily List posting date. This field will only be populated if the MFQS Fund Type – Current field value is equal to MF (Mutual Fund – News Media List) or $$ (Money Market Fund – News Media List). The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Newspaper Heading in system on the Daily List posting date. • For deletion actions, this field will reflect the Newspaper Heading for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the heading to be displayed in print media stock tables in for the MFQS Issuer / Fund Family as of the MFQS Effective Date. Page 23 MFQS Daily List Data Field Newspaper Abbreviation – Current Newspaper Abbreviation – New Field Format spaces) 16 bytes, Alphanumeric (inclusive of spaces) 16 bytes, Alphanumeric (inclusive of spaces) Description Note: This field should only be populated if the MFQS Fund Type – New field value is equal to MF (Mutual Fund – News Media List) or $$ (Money Market Fund – News Media List). The processing rules by action are as follows: • For addition actions, this field will reflect the Newspaper Heading for the instrument being added to the system. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Newspaper Heading as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Newspaper Heading for the instrument being reinstated to the MFQS system. Denotes the descriptive symbol to be displayed in the print media stock tables for the MFQS instrument as of MFQS Effective Date. Note: This field should only be populated if the MFQS Fund Type – Current field value is equal to MF or $$. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Newspaper Symbol in system on the Daily List posting date. • For deletion actions, this field will reflect the Newspaper Symbol for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the descriptive symbol to be displayed in the print media stock tables for the MFQS instrument as of MFQS Effective Date. Note: This field should only be populated if the MFQS Fund Type – New field value is equal to MF or $$. The processing rules by action are as follows: Revised: January 20, 2016 Page 24 MFQS Daily List Data Field Field Format Pricing Agent – Current Text up to 150 bytes Pricing Agent – New Text up to 150 bytes Description • For addition actions, this field will reflect the Newspaper Symbol for the instrument being added to the system. • For replacement actions, this field will not be populated. • For MFQS attribute change actions, this field will reflect the Newspaper Symbol as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Newspaper Symbol for the instrument being reinstated to the MFQS system. Denotes the name of the firm responsible for submitting valuation data for MFQS instrument at the time of the Daily List posting. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Pricing Agent for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the Pricing Agent in system on the Daily List posting date. • For deletion actions, this field will reflect the Pricing Agent for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the name of the firm responsible for submitting valuation data for MFQS instrument as of the MFQS Effective Date. The processing rules by action are as follows: • For addition actions, this field will reflect the Pricing Agent for the instrument being added to the system. • For replacement actions, this field will reflect the Pricing Agent for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the Pricing Agent as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Pricing Agent for the instrument being reinstated to the MFQS system. Revised: January 20, 2016 Page 25 MFQS Daily List Data Field Pricing Frequency – Current Field Format 1 byte, Alphanumeric Description Denotes the pricing frequency for the MFQS instrument as of the Daily List posting date. Allowable values are: Code I D W B M Q S A Pricing Frequency – New 1 byte, Alphanumeric Value Intraday Daily Weekly Bi-weekly Monthly Quarterly Semi-Annual Annual The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the MFQS Pricing Frequency for the instrument being replaced in the system. • For MFQS attribute change actions, this field will reflect the MFQS Pricing Frequency in system on the Daily List posting date. • For deletion actions, this field will reflect the MFQS Pricing Frequency for the instrument being removed from the system. • For restore actions, this field will not be populated. Denotes the expected pricing frequency for the MFQS instrument as of MFQS Effective Date. Allowable values are: Code I D W B M Q S A Value Intraday Daily Weekly Bi-weekly Monthly Quarterly Semi-Annual Annual Please note that, if the Issuer does not provide this information, the default pricing frequency will be Daily. The processing rules by action are as follows: • For addition actions, this field will reflect Revised: January 20, 2016 Page 26 MFQS Daily List Data Field Field Format Description the MFQS Pricing Frequency for the instrument being added to the system. • For replacement actions, this field will reflect the MFQS Pricing Frequency for the instrument being added to the system. • For MFQS attribute change actions, this field will reflect the MFQS Pricing Frequency as of the MFQS effective date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the MFQS Pricing Frequency for the instrument being reinstated to the MFQS system. Denotes the primary registration location for the issuance as of MFQS Effective Date. For this field, Nasdaq will use ISO 3166 country codes. Country of Issuance 2 bytes, Alphanumeric ISIN – Current 12 bytes, Alphanumeric Reserved for future use. Denotes the ISIN for the MFQS Instrument at the time of the Daily List posting. The ISIN should map to the country of issuance. ISIN – New 12 bytes, Alphanumeric Currency 3 bytes, Alphanumeric Inception Date Date, MM/DD/YYYY Reserved for future use. Denotes the ISIN for the MFQS Instrument as of the MFQS Effective Date. The ISIN should map to the country of issuance. Denotes the currency in which the MFQS instrument will submit valuation data as of MFQS Effective Date. Nasdaq will use the ISO 4217 currency alphabetic codes for this field. The default value is “USD”. Denotes the date that the MFQS Instrument was created by the MFQS Issuer. Field will be stated in MM/DD/YYYY format if available. The processing rules by action are as follows: • For addition actions, this field will reflect the Inception Date for the instrument being added. • For replacement actions, this field will reflect the Inception Date for the instrument being added. • For MFQS attribute change actions, this field will reflect the Inception Date in the MFQS system for the security. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect Revised: January 20, 2016 Page 27 MFQS Daily List Data Field Field Format Description the inception date for the instrument being reinstated to the MFQS system. NAV – Inception Date 11 bytes, Alphanumeric Denotes the net asset value (NAV) for the MFQS instrument as of the Inception Date. Data format: $$$$$$$$.dddd. Refer to the Pricing Currency field for the denomination for the NAV. Total Net Assets – Inception Date Minimum Initial Subscription 15 bytes, Alphanumeric 12 bytes, Alphanumeric Revised: January 20, 2016 The processing rules by action are as follows: • For addition actions, this field will reflect the Inception Date NAV for the instrument being added. • For replacement actions, this field will reflect the Inception Date NAV for the instrument being added. • For MFQS attribute change actions, this field will reflect the updated inception date NAV if provided by the issuer. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the inception date NAV for the instrument being reinstated to the MFQS system if available. Denotes the total net assets for the MFQS instrument as of the Inception Date. Data format: $$$$$$$$$$$$$$$. Refer to the Pricing Currency field for the denomination for the Total Net Assets. The processing rules by action are as follows: • For addition actions, this field will reflect the Total Net Assets - Inception Date for the instrument being added. • For replacement actions, this field will reflect the Total Net Assets - Inception Date for the instrument being added. • For MFQS attribute change actions, this field will reflect the updated Total Net Assets - Inception Date if provided by the issuer. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Total Net Assets - Inception Date for the instrument being reinstated to the MFQS system if available. Denotes the Minimum Initial Subscription amount for the MFQS instrument as of the Corporate Action Date. Data format: $$$$$$$$$.dd. Refer to the Pricing Currency field for the denomination for the subscription Page 28 MFQS Daily List Data Field Minimum Incremental Subscription Open To New Investors Field Format 12 bytes, Alphanumeric 1 byte, Alphanumeric Description amount. Please note that Minimum Initial Subscription is an optional data entry field. The processing rules by action are as follows: • For addition actions, this field will reflect the Minimum Initial Subscription for the instrument being added. • For replacement actions, this field will reflect the Minimum Initial Subscription for the instrument being added. • For MFQS attribute change actions, this field will reflect the Minimum Initial Subscription as of the Corporate Action Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Minimum Initial Subscription for the instrument being reinstated to the MFQS system. Denotes the Minimum Initial Subscription amount for the MFQS instrument as of the Corporate Action Date. Data format: $$$$$$$$$.dd. Refer to the Pricing Currency field for the denomination for the subscription amount. Please note that Minimum Initial Subscription is an optional data entry field. The processing rules by action are as follows: • For addition actions, this field will reflect the Minimum Incremental Subscription for the instrument being added. • For replacement actions, this field will reflect the Minimum Incremental Subscription for the instrument being added. • For MFQS attribute change actions, this field will reflect the Minimum Incremental Subscription as of the Corporate Action Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Minimum Incremental Subscription for the instrument being reinstated to the MFQS system. Denotes if the MFQS Instrument is open or closed to new investors as of the Corporate Action Date. Allowable values are: Code Revised: January 20, 2016 Value Page 29 MFQS Daily List Data Field Field Format Description C O <space> Closed to new investors Open to new investors Not available Please note that, if the issuer does not provide this flag, the default value will be “O”. Number of Shareholders Number of Shareholders Date 12 bytes, Alphanumeric Date, MM/DD/YYYY Revised: January 20, 2016 The processing rules by action are as follows: • For addition actions, this field will reflect the Flag for the instrument being added. • For replacement actions, this field will reflect the Flag for the instrument being added. • For MFQS attribute change actions, this field will reflect the Flag as of the Corporate Action Date. • For deletion actions, this field will not be populated. • For restore actions, the field will reflect the Flag for the instrument being reinstated to the MFQS system. Denotes the number of shareholders for the MFQS instrument as of the date listed in the field below. The processing rules by action are as follows: • For addition actions, this field will reflect the Number of Shareholders for the instrument being added. • For replacement actions, this field will reflect the Number of Shareholders for the instrument being added. • For MFQS attribute change actions, this field will reflect the Number of Shareholders as of the date listed below. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Number of Shareholders from the most recent MFQS application for the instrument being reinstated to the MFQS system. Indicates the “As of” Date associated with the Number of Shareholders field above. Field will be stated in MM/DD/YYYY format if available. This field will only be populated if the Number of Shareholders is provided. Page 30 MFQS Daily List Data Field Total Shares Outstanding Field Format 12 bytes, Alphanumeric Total Shares Outstanding Date Date, MM/DD/YYYY Total Net Assets 15 bytes, Alphanumeric Description Denotes the number of total shares outstanding (TSO) for the MFQS instrument as of date listed in the field below. The processing rules by action are as follows: • For addition actions, this field will reflect the TSO for the instrument being added. • For replacement actions, this field will reflect the TSO for the instrument being added. • For MFQS attribute change actions, this field will reflect the TSO as of the date listed below. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the TSO from the most recent MFQS application for the instrument being reinstated to the MFQS system. Indicates the “As of” Date associated with the TSO field above. Field will be stated in MM/DD/YYYY format if available. This field will only be populated if the TSO is provided. Denotes the Total Net Assets (in actual currency units) for the MFQS instrument as of the date listed in the field below. Data Format: $$$$$$$$$$$$$$$. Refer to the Pricing Currency field for the denomination for the Total Net Assets. The processing rules by action are as follows: • For addition actions, this field will reflect the Total Net Assets for the instrument being added. • For replacement actions, this field will reflect the Total Net Assets for the instrument being added. • For MFQS attribute change actions, this field will reflect the Total Net Assets as of the date listed below. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Total Net Assets from the latest MFQS application for the instrument being reinstated to the MFQS system. Note: MFQS allows firms to report Total Net Assets via the MFQS Valuation Module on a daily basis. Once a security is active on the MFQS Revised: January 20, 2016 Page 31 MFQS Daily List Data Field Field Format Total Net Assets Date Date, MM/DD/YYYY Deposit Date – Current Date, MM/DD/YYYY Deposit Date – New Date, MM/DD/YYYY Description system, firms should use the Mutual Fund Dissemination Service (MFDS) product for Total Net Asset information. Indicates the “As of” Date associated with the Total Net Assets field above. Field will be stated in MM/DD/YYYY format if available. This field will only be populated if the Total Net Assets is provided. Indicates the current date in the MFQS system for the trust deposit. Field will be stated in MM/DD/YYYY format. This field will only be populated for UIT and Structured Product registrations. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Deposit Date for the instrument being removed. • For MFQS attribute change actions, this field will reflect the Deposit Date on the Daily List posting date. • For deletion actions, this field will reflect the Deposit Date for the instrument being deleted. • For restore actions, this field will not be populated. Indicates the new date in the MFQS system for the trust deposit. Field will be stated in MM/DD/YYYY format. This field will only be populated for UIT and Structured Product instruments. The processing rules by action are as follows: • For addition actions, this field will reflect the Deposit Date for instrument being added. • For replacement actions, this field will reflect the Deposit Date for the instrument being added. • For MFQS attribute change actions, this field will reflect the Deposit Date as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Deposit Date for the instrument being instated to the MFQS system. Revised: January 20, 2016 Page 32 MFQS Daily List Data Field Termination Date – Current Termination Date – New Distribution Frequency – Current Field Format Date, MM/DD/YYYY Date, MM/DD/YYYY 1 byte, Alphanumeric Description Indicates the scheduled maturity or termination date for the MFQS instrument on the Daily List posting date. Field will be stated in MM/DD/YYYY format if available. This field will only be populated for UIT and Structured Product instruments. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Termination Date for the instrument being removed. • For MFQS attribute change actions, this field will reflect the Termination Date as of the MFQS Effective Date. • For deletion actions, this field will reflect the Termination Date for the instrument being deleted. • For restore actions, this field will not be populated. Indicates the scheduled maturity or termination date for the MFQS instrument as of the MFQS Effective Date. Field will be stated in MM/DD/YYYY format if available. This field will only be populated for UIT and Structured Product instruments. The processing rules by action are as follows: • For addition actions, this field will reflect the Termination Date for instrument being added. • For replacement actions, this field will reflect the Termination Date for the instrument being added. • For MFQS attribute change actions, this field will reflect the Termination Date as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Termination Date from the most recent MFQS application for the instrument being reinstated to the MFQS system. Indicates the current distribution frequency for the instrument in the MFQS system on the Daily List posting date. Allowable values are: Code M Revised: January 20, 2016 Value Monthly Page 33 MFQS Daily List Data Field Distribution Type – Current Field Format 2 bytes, Alphanumeric Description Q S A <space> The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Distribution Frequency for the instrument being removed. • For MFQS attribute change actions, this field will reflect the Distribution Frequency as of the Daily List posting date. • For deletion actions, this field will reflect the Distribution Frequency for the instrument being deleted. • For restore actions, this field will not be populated. Indicates the current distribution type listed in the MFQS system for the instrument. Allowable values are: Code C R W RC RW <space> Distribution Frequency – New 1 byte, Alphanumeric Value Cash Reinvest Wrap Reinvest Cash Reinvest Wrap Not available The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the Distribution Type for the instrument being removed. • For MFQS attribute change actions, this field will reflect the Distribution Type as of the Daily List posting date. • For deletion actions, this field will reflect the Distribution Type for the instrument being deleted. • For restore actions, this field will not be populated. Indicates the expected distribution frequency for the instrument. Allowable values are: Code M Revised: January 20, 2016 Quarterly Semi-Annual Annual Not available Value Monthly Page 34 MFQS Daily List Data Field Distribution Type – New Field Format 2 bytes, Alphanumeric Description Q S A <space> Quarterly Semi-Annual Annual Not available The processing rules by action are as follows: • For addition actions, this field will reflect the Distribution Frequency for instrument being added. • For replacement actions, this field will reflect the Distribution Frequency for the instrument being added. • For MFQS attribute change actions, this field will reflect the Distribution Frequency as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Distribution Frequency for the instrument being reinstated to the MFQS system. Indicates the planned distribution type reported by the Issuer for the MFQS instrument. Allowable values are: Code C R W RC RW <space> Value Cash Reinvest Wrap Reinvest Cash Reinvest Wrap Not available The processing rules by action are as follows: • For addition actions, this field will reflect the Distribution Type for instrument being added. • For replacement actions, this field will reflect the Distribution Type for the instrument being added. • For MFQS attribute change actions, this field will reflect the Distribution Type as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Distribution Type for the instrument being reinstated to the MFQS system. Revised: January 20, 2016 Page 35 MFQS Daily List Data Field Par Value Per Share/Unit Deletion Reason Field Format 13 bytes, Alphanumeric 1 byte, Alphanumeric Revised: January 20, 2016 Description Denotes the face value amount for the MFQS instrument as of the MFQS Effective Date. Data format will be: $$$$$$.dddddd. Refer to the Pricing Currency field for the denomination for the Par Value amount. Please note that the Par Value Per Unit/Share field may only be populated for UIT securities. The processing rules by action are as follows: • For addition actions, this field will reflect the Par Value for instrument being added. • For replacement actions, this field will reflect the Par Value for the instrument being added. • For MFQS attribute change actions, this field will reflect the Par Value as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the Par Value for the instrument being reinstated to the MFQS system. Denotes the reason why the MFQS instrument is being deleted from the system. This field will only be populated for deletion actions. Allowable values are: Code L E M A I Q P C R Value Liquidated Terminated / Expired Merged Acquired Removed at Issuer Request Removed by Nasdaq Issuance Postponed Issuance Cancelled Instrument Reorganization V New value as of 2/22/2016 Instrument Conversion <space> New value as of 2/22/2016 Not applicable Page 36 MFQS Daily List Data Field MFQS Symbol for Merger / Acquisition Field Format 11 bytes, Alphanumeric Description Indicates the MFQS Symbol for the surviving instrument in the event of a merger or acquisition. This field will be populated for Deletion events if the Deletion Reason is “M” (Merged), “A” (Acquired), or “R” (Reorganization). Nasdaq will populate this field if it is entered by the MFQS Issuer even if the surviving instrument is not part of the MFQS system. CUSIP for Merger / Acquisition 9 bytes, Alphanumeric This field will also be populated for Deletion events if the Deletion Reason is “V” (Conversion). For instrument conversions, MFQS Daily List will carry a deletion record for the old asset class as well as an addition record for the new asset class value. Firms may use the CUSIP / Symbol fields in the deletion record to map data as appropriate. Indicates the CUSIP number for the surviving instrument in the event of a merger or acquisition. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. This field will be populated for Deletion events if the Deletion Reason is “M” (Merged), “A” (Acquired), or “R” (Reorganization). Nasdaq will populate this field if it is entered by the MFQS Issuer even if the surviving instrument is not part of the MFQS system. Document Available 1 byte, Alphanumeric This field will also be populated for Deletion events if the Deletion Reason is “V” (Conversion). For instrument conversions, MFQS Daily List will carry a deletion record for the old asset class as well as an addition record for the new asset class value. Firms may use the CUSIP / Symbol fields in the detlion record to map data as appropriate. Denotes if supporting documentation will be posted to the MFQS service on the stated effective date. Allowable values are: Code Y N Revised: January 20, 2016 Value Yes. Supporting documentation will be available for this corporate action on stated MFQS effective date No. Supporting Page 37 MFQS Daily List Data Field Field Format Description <space. NSCC Clearing Eligible – Current 1 byte, Alphanumeric Denotes if the MFQS instrument is currently National Securities Clearing Corporation (NSCC) eligible. Allowable values are: Code Y N <space> NSCC Clearing Eligible – New 1 byte, Alphanumeric Value Yes. MFQS issuer has indicated that this instrument is NSCC clearing eligible. No. MFQS issuer has indicated that this instrument is not NSCC clearing eligible. Not available. MFQS issuer did not provide NSCC eligibility status. The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will reflect the NSCC eligibility flag for the instrument being removed. • For MFQS attribute change actions, this field will reflect the NSCC eligibility flag as of the Daily List posting date. • For deletion actions, this field will reflect the NSCC eligibility flag for the instrument being deleted. • For restore actions, this field will not be populated. Denotes if the MFQS instrument will be National Securities Clearing Corporation (NSCC) eligible as of the stated MFQS effective date. The allowable values are: Code Y N <space> Revised: January 20, 2016 documentation will not be posted to MFQS Daily List for this corporate action. Not applicable Value Yes. MFQS issuer has indicated that this instrument is NSCC clearing eligible. No. MFQS issuer has indicated that this instrument is not NSCC clearing eligible. Not available. MFQS issuer did not provide NSCC Page 38 MFQS Daily List Data Field Test Symbol Flag Field Format 1 byte, Alphanumeric Description The processing rules by action are as follows: • For addition actions, this field will reflect the NSCC eligibility flag for instrument being added. • For replacement actions, this field will reflect the NSCC eligibility flag for the instrument being added. • For MFQS attribute change actions, this field will reflect the NSCC eligibility flag as of the MFQS Effective Date. • For deletion actions, this field will not be populated. • For restore actions, this field will reflect the NSCC eligibility flag for the instrument being reinstated to the MFQS system. Denotes if the instrument is set up as a live or test issue currently in the MFQS system. Allowable values are: Code Y N Symbol Reuse Flag 1 byte, Alphanumeric Value MFQS Test Symbol. Instrument is intended for test use only. MFQS Live Symbol. Instrument is set up as live / production in MFQS system The processing rules by action are as follows: • For addition actions, this field will be populated. • For replacement actions, this field will reflect the Test Symbol Flag for both incoming and outgoing symbols. • For MFQS attribute change actions, this field will reflect the Test Symbol Flag as of the Daily List posting date. • For deletion actions, this field will reflect the Test Symbol Flag for the instrument being deleted. • For restore actions, this field will reflect Test Symbol Flag for instrument being reinstated. Denotes if the MFQS symbol was previously used for a different instrument. The allowable values are: Code Y Revised: January 20, 2016 eligibility status. Value Yes. MFQS Symbol is being Page 39 MFQS Daily List Data Field Field Format Description N <space> Instrument Registration – Current 1 byte, Alphanumeric reused. MFQS Symbol was previously used in MFQS system for a different instrument. No. MFQS Symbol is being assigned in MFQS system for first time. Symbol Reuse Flag is not supported for event code. The processing rules by action are as follows: • For addition actions, this field will be populated. • For replacement actions, this field will reflect the Symbol Reuse status for incoming symbols. • For MFQS attribute change actions, this field will reflect the Symbol Reuse status for the MFQS Symbol – New field. • For deletion actions, this field will not be supported. • For restore actions, this field will not be supported. Denotes the current regulatory agency responsible for registration and/or oversight of MFQS instrument. The allowable values are: Code S M Value Instrument is registered with U.S. Securities and Exchange Commission (SEC). Instrument is filed with Municipal Securities Rulemaking Board (MSRB). The processing rules by action are as follows: • For addition actions, this field will not be populated. • For replacement actions, this field will instrument registration for outgoing instrument. • For MFQS attribute change actions, this field will reflect the current Instrument Registration in the MFQS system. • For deletion actions, this field will reflect the instrument registration for deleted instrument. • For restore actions, this field will not be supported. Revised: January 20, 2016 Page 40 MFQS Daily List Data Field Instrument Registration – New Field Format 1 byte, Alphanumeric Description Denotes the regulatory agency responsible for registration and/or oversight of MFQS instrument as of stated MFQS effective date. The allowable values are: Code S M Notes for Daily List Record Text up to 300 bytes Value Instrument is registered with U.S. Securities and Exchange Commission (SEC). Instrument is filed with Municipal Securities Rulemaking Board (MSRB). The processing rules by action are as follows: • For addition actions, this field will be populated. • For replacement actions, this field will instrument registration for incoming instrument. • For MFQS attribute change actions, this field will reflect the updated Instrument Registration for the MFQS system. • For deletion actions, this field will not be supported. • For restore actions, this field will reflect the Instrument Registration for the reinstated instrument. Denotes any special processing notes from MFQS Operations related to the MFQS instrument’s action. Please note that it is Nasdaq’s practice for the MFQS Operations team to populate this notes field for corrected actions, withdrawn actions and restore actions. Please also note that it is Nasdaq’s practice to show the most recent note associated with the instrument action on the Next Day version of the MFQS Daily List. Closing Record Data Field Parameter Note for Day Field Format Varchar (40) – Alphanumeric (including special characters) Text up to 300 Revised: January 20, 2016 Description Restatement of the file query parameter as entered by the user. Daily List File Name: MFQSAdvance or MFQSNextDay Date of Daily List: MM/DD/YYYY Denotes any special processing notes from Page 41 MFQS Daily List Data Field Field Format bytes Description MFQS Operations for the current business day that are not MFQS instrument specific. Event Code Descriptions As noted above, each MFQS Daily List record includes a MFQS Event Code to denote the type of record change that is being reported. In the table below, Nasdaq outlines how the MFQS Event Codes will be generated. MFQS Event Codes Addition Deletion Replacement MFQS Attribute Change Event Description A new MFQS registration application submitted with final documentation A delete instrument request for an existing MFQS instrument A combined action in which a firm is adding a new instrument at the same time as it is deleting an expiring instrument A modification to one of the security attributes for a live MFQS instrument. Firms should compare current and new field values to determine the fields impacted by the change request. Revised: January 20, 2016 Daily List Version Advanced Notification Next Day Advanced Notification Next Day Advanced Notification Next Day Advance Notifications Next Day Daily List Processing Notes Supported on all versions of Daily List files. On the Advanced Notification list, MFQS Operations will post an Addition record as soon as it notified of the planned action. If the issuer changes its plans, MFQS Operations may post multiple Addition records to the Advanced Notification list. On the Next Day list, MFQS will only show the final Addition record. Supported on all versions of the Daily List files. On the Advanced Notification list, MFQS Operations will post a Deletion record as soon as it notified of the planned action. If the issuer changes its plans, MFQS Operations may post multiple Deletion records to the Advanced Notification list. On the Next Day list, MFQS will only show the final Deletion record. Supported on all versions of Daily List files. On the Advanced Notification list, MFQS Operations will post a Replacement record as soon as it notified of the planned action. If the issuer changes its plans, MFQS Operations may post multiple Replacement records to the Advanced Notification list. On the Next Day list, MFQS will only show the final Replacement record. Supported on all versions of Daily List files. Corporate Action Date = Date MFQS Issuer reported that the security change action was instituted on its end. On the Advanced Notification list, MFQS Operations will post a MFQS Attribute Change record as soon as it notified of the planned action. If the issuer changes its plans, MFQS Operations may post multiple Page 42 MFQS Daily List MFQS Attribute Change records to the Advanced Notification list. Restore A reversal of a MFQS instrument deletion. Advanced Notification Next Day Withdraw – Addition A cancellation of a previously announced Addition to the MFQS system. Advanced Notification Next Day On the Next Day list, MFQS will only show the final MFQS Attribute Change record. If an instrument is removed from the MFQS system in error, Nasdaq will use the Restore event code to reverse the Deletion action. Given that most firms want to resume pricing of an instrument as quickly as possible, the Restore records should always appear in the Next Day file. As noted above, Nasdaq will be adding Withdraw event codes to notify the vendor community of a cancelled MFQS listing action. The Withdraw event should always appear on the Advanced Notification list. Withdraw – Deletion A cancellation of a previously announced Deletion from the MFQS system. Advanced Notification Next Day The Withdraw event will only appear on the Next Day list, however, if the issuer waits to the last minute to notify MFQS Operations of the cancelled action. As noted above, Nasdaq will be adding Withdraw event codes to notify the vendor community of a cancelled MFQS listing action. The Withdraw event should always appear on the Advanced Notification list. Withdraw – Replacement A cancellation of a previously announced Replacement action on the MFQS system. Advanced Notification Next Day The Withdraw event will only appear on the Next Day list, however, if the issuer waits to the last minute to notify MFQS Operations of the cancelled action. As noted above, Nasdaq will be adding Withdraw event codes to notify the vendor community of a cancelled MFQS listing action. The Withdraw event should always appear on the Advanced Notification list. Withdraw – MFQS Attribute Change A cancellation of a previously announced MFQS Attribute Change. Advanced Notification Next Day The Withdraw event will only appear on the Next Day list, however, if the issuer waits to the last minute to notify MFQS Operations of the cancelled action. As noted above, Nasdaq will be adding Withdraw event codes to notify the vendor community of a cancelled MFQS listing action. The Withdraw event should always appear on the Advanced Notification list. The Withdraw event will only appear on the Next Day list, however, if the issuer waits Revised: January 20, 2016 Page 43 MFQS Daily List Withdraw – Restore A cancellation of a previously announced MFQS instrument restore Revised: January 20, 2016 Advanced Notification Next Day to the last minute to notify MFQS Operations of the cancelled action. Although Nasdaq would rarely, if ever, use this event code, it could theoretically need to withdraw a MFQS instrument restore action. If it were to need to cancel the action, the Withdraw event would appear on both the Advanced Notification and Next Day lists. Page 44 MFQS Daily List Daily List Processing Summary The following table summarizes each data field will be populated by Event Code. Field Daily List Action Addition Replacement Attribute Change MFQS Effective Date X X X X X MFQS Event Code X X X X X X X X X MFQS Corporate Action Date MFQS Instrument Type / Tier – Current MFQS Instrument Type / Tier – New MFQS Instrument Code – Current MFQS Instrument Code – New X X MFQS Symbol – Current MFQS Symbol – New X CUSIP – Current CUSIP – New X Instrument Name – Current Instrument Name - New X Issuer Name - Current Issuer Name - New Exchange Code for Listed Instruments – Current Exchange Code for Listed Instruments – New Exchange Symbol for Listed Instruments – Current Exchange Symbol for Listed Instruments – New X Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument O Pricing Agent - New X X X X X X X X X X X X X X O O O O O O O O Revised: January 20, 2016 X O O X X X O Pricing Agent - Current X X O Newspaper Symbol – Current Newspaper Symbol – New X X O Newspaper Heading Current Newspaper Heading – New Restore X O O Deletion X X Closed End Funds, Structured Products, NextShares Closed End Funds, Structured Products, NextShares Closed End Funds, Structured Products, NextShares Closed End Funds, Structured Products, NextShares Mutual Funds - News Media; Money Market Fund - New Media O Mutual Funds - News Media; Money Market Fund - New Media O O Outgoing Instrument Incoming Instrument Security Limitations or Notes O X X Page 45 MFQS Daily List Field Pricing Frequency – Current Pricing Frequency – New Country of Issuance Daily List Action Addition Replacement X Outgoing Instrument Incoming Instrument Incoming Instrument X Attribute Change Deletion X X X X Restore X X X ISIN – New X Inception Date X NAV - Inception Date O Total Net Assets – Inception Date Minimum Initial Subscription Minimum Incremental Subscription Open To New Investors Number of Shareholders Number of Shareholders Date Total Shares Outstanding (TSO) TSO Date O O O X O O O O Total Net Assets O Total Net Assets Date O Deposit Date - Current Deposit Date - New O Termination Date – Current Termination Date - New O Distribution Frequency – Current Distribution Frequency – New Distribution Type – Current O Distribution Type - New O Par Value Per O Revised: January 20, 2016 Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Outgoing Instrument Incoming Instrument Incoming Default value is US Reserved for future use. Reserved for future use. ISIN - Current Currency Security Limitations or Notes X X X Default value is USD X X O O O O O O O O X X Default value is Y O O News media list funds must provide either shareholder or asset information at time of listing / tier upgrade O O O O O O O O O O O O O O O O O O O Required for UITs Required for UITs O O O Required for UITs Required for UITs O O Required for UITs Required for UITs O O News media list funds must provide either shareholder or asset information at time of listing / tier upgrade Required for UITs O O Field added on August 11, 2014 Required for UITs O Page 46 MFQS Daily List Field Daily List Action Addition Share/Unit Replacement Instrument Attribute Change Deletion Deletion Reason X MFQS Symbol for Merger / Acquisition O CUSIP for Merger / Acquisition O Document Available NSCC Clearing Eligible Current NSCC Clearing Eligible – New X O Test Symbol Flag X Symbol Reuse Flag X Instrument Registration – Current Instrument Registration – New Notes for Daily List entry X X Outgoing Instrument Incoming Instrument X X O O O Both X Incoming Instrument Outgoing Instrument Incoming Instrument New Symbol O O O X Restore Security Limitations or Notes Populated only if deletion reason is A or M Populated only if deletion reason is A or M X O X X X X X O O Field added on August 11, 2014 Field added on August 11, 2014 Field added on August 11, 2014 Field added on August 11, 2014 Field will be populated on needed basis. MFQS Daily List Posting Time The MFQS Daily List posting is a manual process performed by the MFQS Operations department. MFQS Operations will make every attempt to post the MFQS Daily List files by 12 noon, ET. On occasion, MFQS Operations may modify a record after the initial MFQS Daily List files are posted. Nasdaq, therefore, recommends that firms check the MFQS website for MFQS Daily List file updates up until 6:00 p.m., Eastern Time. Revised: January 20, 2016 Page 47 MFQS Daily List MFQS Directory Web Service Parameters To retrieve the MFQS Directory, Web Service Users shall need to enter a call with the following parameters: • • Date of Directory: Data should be entered in MM-DD-YYYY or MM/DD/YYYY format. This is an optional operator. File Type: Data should indicate requested file format. Options: “XML” for XML formatted text, “pipe” for pipe (|) delimited text, or “ExcelXML” for a formatted MSExcel file. https://www.nasdaqmfqs.com/reports/MFQSDirectory.ashx?Date=MM-DD-YYYY&Type=pipe Directory File Format Nasdaq will update its MFQS Directory file to reflect of the active instruments at the start of each business day. Within the file, Nasdaq will include a header row with the field names. Within the file, the individual security records will appear as outlined below in alphabetic order based on the MFQS Symbol field. As the last record in the file, Nasdaq will denote the Web Service request date (MM/DD/YYYY) and Web Service request time (HHMMSS). Security Level Details Data Field MFQS Symbol Instrument Name Issuer Name Instrument Type / Tier Field Format 11 bytes, Alphanumeric Text up to 150 bytes Description Denotes the current NASDAQ-assigned symbol for MFQS instrument. Denotes the name of the MFQS instrument as it appears on the prospectus document. Text up to 150 bytes 2 bytes, Alphanumeric Abbreviations may be used for MFQS issue names over 150 bytes. Denotes the firm name for the issuer of the MFQS instrument. Denotes the MFQS security class and listing tier for the instrument. Allowable values are: Code Value MF Mutual Fund – News Media List MS Mutual Fund – Supplemental List $$ Money Market Fund – News Media List $S Money Market Fund – Supplemental List US Unit Investment Trust (UIT) AN Annuity SP Structured Product AP Alternative Investment Product (AIP) Revised: January 20, 2016 Page 48 MFQS Daily List Data Field MFQS Instrument Code Field Format 1 byte, Alphanumeric Revised: January 20, 2016 Description EM NextShares Exchange Traded Managed Fund New code as of September 2015 Indicates the general investment strategy or sub-category for the MFQS instrument. The allowable values are: Code Value Mutual Funds (Types MF and MS) O Mutual Fund – Open End C Mutual Fund – Closed End Money Market Funds (Types $$ and $S) Money Market Fund – A General Purpose Money Market Fund – G Government Securities Money Market Fund – Tax X Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust – Debt D Securities Unit Investment Trust – E Equity Securities Annuities (Type AN) M Annuity – Variable N Annuity – Equity Indexed Structured Products (Type SP) R Structured Product – Hybrid Structured Product – Single S Stock Structured Product – T Buffer/Barrier Enhanced Upside Structured Product – U Principal Protected Structured Product – V Commodity / FX Structured Product – Rates W Enhanced L Structured Product – Other Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund H Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity Offering Page 49 MFQS Daily List Data Field Field Format Description NextShares Exchange Traded Managed Funds (Type EM) Q NextShares New code as of September 2015 Country of Issuance 2 bytes, Alphanumeric CUSIP 9 bytes, Alphanumeric ISIN 12 bytes, Alphanumeric Currency 3 bytes, Alphanumeric Pricing Agent Text up to 150 bytes Pricing Frequency 1 byte, Alphanumeric Distribution Type 2 bytes, Alphanumeric Denotes listed as the primary registration location for the issuance. For this field, Nasdaq will use ISO 3166 country codes. Denote the current CUSIP as provided by the MFQS Issuer. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. Denotes the current International Security Identification Number (ISIN) for the MFQS Instrument as provided by the MFQS Issuer. The ISIN should map to the country of issuance. (Note: This field is optional for MFQS instruments based in the United States.) Denotes the currency to be used for all MFQS valuation data for the instrument. For this field, Nasdaq will use ISO 4217 currency alphabetic codes. Denotes the name of the firm responsible for reporting valuation data for the MFQS instrument. Denotes the frequency at which the MFQS pricing agent is expected to report valuation information, such as net asset values (NAVs) and offer / market prices, for the instrument. Allowable values are: Code Value I Intraday D Daily (Default) W Weekly B Bi-weekly M Monthly Q Quarterly S Semi-Annually A Annually Indicates the distribution type listed in the MFQS system for the instrument. Allowable values are: Code Revised: January 20, 2016 Value Page 50 MFQS Daily List Data Field Field Format Distribution Frequency 1 byte, Alphanumeric Description C R W RC RW <space> Cash Reinvest Wrap Reinvest Cash Reinvest Wrap Not available Indicates the expected distribution frequency for the instrument. Allowable values are: Code M Q S A <space> Value Monthly Quarterly Semi-Annual Annual Not available Inception Date 10 bytes, Numeric Denotes the date on which the MFQS instrument was created by the MFQS Issuer. Date field is stored in MM/DD/YYYY format. Minimal Initial Subscription 11 bytes, Alphanumeric Denotes the minimum initial investment amount for a new investor in the MFQS instrument. If provided, the value will be stated in $$$$$$$$$.dd format (inclusive of the decimal points). Minimal Incremental Subscription 11 bytes, Alphanumeric If unavailable, the field will be space filled. Denotes the minimum incremental investment amount for an existing investor in the MFQS instrument. If provided, the value will be stated in $$$$$$$$$.dd format (inclusive of the decimal points). Open To New Investors 1 byte, Alphanumeric Exchange Code for Listed Instruments 4 bytes, Alphanumeric If unavailable, the field will be space filled. Denotes if the MFQS instrument is closed to new investors. Allowable values are: Code Value C Closed to New Investors O Open to New Investors <space> Not available Denotes the ISO 10383 Market Identification Codes (MICs) for the primary listing market center for a MFQS instrument, if applicable. (Note: In the U.S., this field is typically populated only for closed-end funds / exchange traded funds or structured products.) Revised: January 20, 2016 Page 51 MFQS Daily List Data Field Exchange Symbol For Listed Instruments Newspaper Category Newspaper Abbreviation Deposit Date Termination Date Par Value Per Unit / Share Field Format 11 bytes, Alphanumeric Description Denotes the ticker symbol assigned by the primary listing market for the MFQS instrument, if applicable. 20 bytes, Denotes the fund family heading to be used for Alphanumeric the MFQS instrument in U.S. newspaper price tables. (Note: This field is only populated for the two news media list fund types – MF and $$.) 16 bytes, Denotes the symbol to be used for the MFQS Alphanumeric instrument in U.S. newspaper price tables. (Note: This field is only populated for the two news media list fund types – MF and $$.) 10 byte, Numeric Denotes the date on which the MFQS instrument is scheduled to deposit. Please note that this field is typically populated for UITs and structured products. Date field is stored in MM/DD/YYYY. 10 byte, Numeric Denotes the date on which the MFQS instrument is scheduled to mature or terminate. Please note that this field is typically populated for UITs and structured products. Date field is stored in MM/DD/YYYY. 12 bytes, Denotes the par value per share or per unit for a Alphanumeric MFQS instrument. Please note that this field is typically only populated for debt-based instruments. If provided, the value will be stated in $$$$$$.dddddd format. NSCC Clearing Eligible 1 byte, Alphanumeric If unavailable, this field will be space filled. Denotes if the MFQS instrument is National Securities Clearing Corporation (NSCC) eligible. The allowable values are: Code Y MFQS Start Date 10 bytes, Numeric Value Yes. MFQS issuer has indicated that this instrument is NSCC clearing eligible. N No. MFQS issuer has indicated that this instrument is not NSCC clearing eligible. <space> Not available. MFQS issuer did not provide NSCC eligibility status. Denotes the date on which the MFQS instrument started to remit net asset values (NAVs) and other valuation data via the MFQS system. Please note that this field may be blank if the Revised: January 20, 2016 Page 52 MFQS Daily List Data Field Field Format Description instrument has yet to remit valuation data to the MFQS system. Since MFQS System Start Date and Inception Date may be different values, Nasdaq includes both fields in the MFQS Directory file. Denotes the current regulatory agency responsible for registration and/or oversight of MFQS instrument. The allowable values are: Instrument Registration Code S Test Symbol Flag 1 byte, Alphanumeric Value Instrument is registered with U.S. Securities and Exchange Commission (SEC). M Instrument is filed with Municipal Securities Rulemaking Board (MSRB). Denotes if the instrument is set up as a live or test issue currently in the MFQS system. The allowable values are: Code Y N Revised: January 20, 2016 Value MFQS Test Symbol. Instrument is intended for test use only. MFQS Live Symbol. Instrument is set up as live / production in MFQS system Page 53 MFQS Daily List Documentation Posting Service Web Service Parameters To retrieve the Documentation Posting Daily List file, Web Service Users shall need to enter a call with the following parameters: • • • Documentation File Name: User should enter MFQSDocPost. Date of Documentation File: Data should be entered in MM-DD-YYYY or MM/DD/YYYY format. File Type: Data should indicate requested file format. Options: “XML” for XML formatted text, “pipe” for pipe (|) delimited text, or “ExcelXML” for a formatted MSExcel file. https://www.nasdaqmfqs.com/reports/MFQSDocPost.ashx?Date=MM-DD-YYYY&Type=pipe Documentation List File Format With the implementation of the MFQS Daily List, Nasdaq allows Issuers / Pricing Agents to post certain financial documentation for MFQS Instruments for the market data vendors to access. To facilitate the retrieval process, Nasdaq will create a daily file that lists the financial documentation with the current day’s posting date. Security Level Details Data Field Field Format Posting Date Date, MM/DD/YYYY Posting Time Time, HHMMSS MFQS Symbol 11 bytes, Alphanumeric Instrument Name Text up to 150 Revised: January 20, 2016 Description Denotes the date on which the MFQS Documentation List file was generated. Date field is stored in MM/DD/YYYY format. Denotes the time that the MFQS Documentation List file was generated. The time will be stated in HHMMSS format. The time is based on US Eastern Time. Denotes the NASDAQ-assigned symbol for MFQS instrument at the time of the MFQS Documentation List file posting. If there is an associated registration action, the MFQS Symbol will follow the following rules: • For instrument addition actions, the field will match the MFQS Symbol – New value from the Daily List – Next Day file. • For replacement actions, the field will reflect the MFQS Symbol - New value from the Daily List – Next Day file. • For instrument attribute change actions, the field will reflect the MFQS Symbol – Current value from the Daily List – Next Day file. • For deletion actions, the field will reflect the MFQS Symbol – Current value from the Daily List – Next Day file. Denotes the Instrument (Issue) Name in the Page 54 MFQS Daily List Data Field Field Format bytes CUSIP 9 bytes, Alphanumeric Country of Issuance 2 bytes, Alphanumeric ISIN 12 bytes, Alphanumeric Instrument Type / Tier Document Type 2 bytes, Alphanumeric Text up to 50 bytes Description MFQS system at the time of the MFQS Documentation List file posting. Denotes the CUSIP number in the MFQS system at the time of the MFQS Documentation List file posting. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. Denotes listed as the primary registration location for the issuance. For this field, Nasdaq will use ISO 3166 country codes. Denotes the International Security Identification Number (ISIN) for the MFQS Instrument at the time of the MFQS Documentation List file posting. The ISIN should map to the country of issuance. (Note: This field is optional for MFQS instruments based in the United States.) Denotes the MFQS security class and listing tier for the instrument on the stated MFQS effective date. Allowable values are: Code Value MF Mutual Fund – News Media List MS Mutual Fund – Supplemental List $$ Money Market Fund – News Media List $S Money Market Fund – Supplemental List US Unit Investment Trust (UIT) AN Annuity SP Structured Product AP Alternative Investment Product (AIP) EM NextShares Exchange Traded Managed Fund New code as of September 2015 Indicates the type of financial documentation being posted for the MFQS instrument. Allowable values are: Value Draft Prospectus Monthly Portfolio Holdings Profile or Fact Sheet Resolution of Name Change Shareholder Report – Annual Shareholder Report - Semi-Annual Revised: January 20, 2016 Page 55 MFQS Daily List Data Field Field Format File Format Text up to 10 bytes MFQS Effective Date 10 bytes, Alphanumeric MFQS Event Code Text up to 50 bytes Description Statement of Additional Information Statement of Deletion Statutory Prospectus Summary Prospectus Statement of Reorganization New code as of 2/28/2016 Denotes the type of file format used for the documentation. Allowable value is: Code Value pdf Portable Document Format (PDF) Denotes the MFQS effective date or release date for the MFQS Issuer documentation. For instrument with an associated action, the Release Date is the same as the MFQS effective date. For documentation without an associated action, it is the date that the MFQS issuer is releasing the file to the public. Date field is stored in MM/DD/YYYY format. Indicates if the MFQS Issuer updated its registration information at the same time that it posted the document. Allowable values are: Value Addition Deletion Replacement MFQS Attribute Change Restore <space - no associated action> Documentation URL URL Address Test Symbol Flag 1 byte, Alphanumeric Note: Please refer to Daily List – Next Day file for details on the MFQS registration action. MFQS file name / file path from which the actual document can be accessed and downloaded. Denotes if the instrument is set up as a live or test issue currently in the MFQS system. The allowable values are: Code Y N Revised: January 20, 2016 Value MFQS Test Symbol. Instrument is intended for test use only. MFQS Live Symbol. Instrument is set up as live / production in MFQS system Page 56 MFQS Daily List Once the Documentation List is downloaded, the user may automate access to the individual PDF documents by generating a Web Service request for each of the MFQS Documentation File Names provided in the file. Ex Date Report Web Service Parameters To retrieve the Ex-Date Report, Web Service Users shall need to enter a call with the following parameters: • • • • Ex-Date File Name: User should enter ExDate. Date for Ex-Date File: User should enter the ex-date filter to be applied to the report. Data should be entered in MM-DD-YYYY or MM/DD/YYYY format. Please note the following report date limitations: o The Ex-Date Report will only return Dividend/Interest or Capital Distribution records entered into the MFQS system on or after June 13, 2011. o The Ex-Date Report will only return Dividend/Interest or Capital Distribution records entered into the MFQS system with an Ex-Date less than 12 months in the past. File Type: Data should indicate requested file format. Options: “XML” for XML formatted text, “pipe” for pipe (|) delimited text, or “ExcelXML” for a formatted MSExcel file. Please note that the path for the Ex-Date Report includes one more directory layer than the other MFQS Daily List files. https://www.nasdaqmfqs.com/ValuationService/reports/ExDate.ashx?Date=MM-DDYYYY&Type=pipe Ex-Date Report File Format Nasdaq allows MFQS pricing agents to enter advance notifications of Dividend/Interest and Capital Distribution actions. To ensure that the market data community has access to these corporate actions on the appropriate ex-date, Nasdaq is adding the Ex-Date Report to the MFQS Daily List product. Security Level Details Data Field MFQS Symbol Field Format 11 bytes, Alphanumeric CUSIP 9 bytes, Alphanumeric Instrument Type / Tier 2 bytes, Alphanumeric Revised: January 20, 2016 Description Denotes the NASDAQ-assigned symbol for MFQS instrument reflected in the Dividend/Interest or Capital Distribution record. Denotes the CUSIP number for the MFQS instrument in the MFQS system at the time that the Ex-Date Report was generated. Please note that Nasdaq will only populate this field for recipient firms with a valid CUSIP license and entitlement token. Denotes the MFQS Fund Type and Listing Tier for the MFQS instrument in the MFQS system at the time that the Ex-Date Report was Page 57 MFQS Daily List Data Field Field Format Description generated. The allowable values are: Code MF MS $$ $S US AN SP AP EM Instrument Code 1 byte, Alphanumeric Value Mutual Fund – News Media List Mutual Fund – Supplemental List Money Market Fund – News Media List Money Market Fund – Supplemental List Unit Investment Trust (UIT) Annuity Structured Product Alternative Investment Product (AIP) NextShares Exchange Traded Managed Fund New code as of September 2015 Denotes the Instrument Code for the MFQS instrument in the MFQS system at the time that the Ex-Date Report was generated. The allowable values are: Code Value Mutual Funds (Types MF and MS) O Mutual Fund – Open End C Mutual Fund – Closed End Money Market Funds (Types $$ and $S) Money Market Fund – A General Purpose Money Market Fund – G Government Securities Money Market Fund – Tax X Exempt Securities Unit Investment Trust (Type US) Unit Investment Trust – Debt D Securities Unit Investment Trust – E Equity Securities Annuities (Type AN) M Annuity – Variable N Annuity – Equity Indexed Structured Products (Type SP) R Structured Product – Hybrid Structured Product – Single S Stock Revised: January 20, 2016 Page 58 MFQS Daily List Data Field Field Format Description Structured Product – Buffer/Barrier Enhanced Upside Structured Product – U Principal Protected Structured Product – V Commodity / FX Structured Product – Rates W Enhanced L Structured Product – Other Alternative Investment Products (Type AP) B Managed Future Fund F Fund of Hedge Fund H Hedge Fund I Non-Traded REIT J Non-Traditional Hedge Fund (Registered) K Commodity Pool Fund P Private Equity Offering Exchange Traded Managed Funds (Type EM) Q NextShares T Distribution Message Text up to 15 bytes Action 1 byte, Alphanumeric Ex Date MM/DD/YYYY Payment Date MM/DD/YYYY -orNA New code as of September 2015 Denotes the type of distribution message generated for MFQS symbol on the stated exdate. The allowable values are: Code Definition Income Dividend/Interest Capital Capital Distribution Denotes the Action value entered by the MFQS pricing agent in the inbound MFQS message format. The allowable values are as follows: Code Definition N New corporate action record C Corrected corporate action record X Cancelled corporate action record Denotes the Ex-Date reported for the Dividend/Interest or Capital Distribution message. (Note: The report content is based on the user provided value for this field.) Denotes the date on which dividends, interest payments or distributions is expected to be distributed to the MFQS instrument’s shareholders of record. If a payment date is reported, this field format will be MM/DD/YYYY. If no payment date is entered, this field will be Revised: January 20, 2016 Page 59 MFQS Daily List Data Field Field Format Record Date MM/DD/YYYY -orNA Description populated as “NA”. Denotes the date on which shareholders must hold fund shares to receive dividend, interest or distributions. If a record date is reported, this field format will be MM/DD/YYYY. Reinvest Date Entry Date MM/DD/YYYY -orNA MM/DD/YYYY If no record date is entered, this field will be populated as “NA”. Denotes the reinvestment date for the dividend or distribution (if applicable). If a reinvestment date is reported, this field format will be MM/DD/YYYY. If no reinvestment date is entered, this field will be populated as “NA”. Denotes the MFQS system date associated with the distribution record event. If UpdateType = New, the Entry Date field will reflect the date that the record was initially entered into the MFQS system. Currency Alphanumeric If UpdateType = Corrected or Cancelled, the Entry Date field will reflect the date that the record was last updated in the MFQS system. This field indicates the ISO currency code associated with the MFQS price-related fields. Allowable values will be: Code Definition USD Cash Distribution Type Alphanumeric US Dollars This field indicates the type of cash distribution being reported in the following cash distribution fields. The allowable values will be: Code Definition Dividend Cash Dividend Interest Interest Income Special Special Cash Dividend NA Not applicable, no cash distribution being reported. Please note that Nasdaq will Revised: January 20, 2016 Page 60 MFQS Daily List Data Field Field Format Description populate this field as “NA” in the event of a stock only dividend or capital distribution. Total Cash Distribution 13 bytes, Alphanumeric Denotes the total cash dividend or total interest distribution being reported for the MFQS instrument. Firms may report the breakdown of cash dividends / interest distribution in the fields that follow. At the time of data entry, Total Cash Distribution is reported as $$$$$$.dddddd. Non-Qualified Cash Distribution 13 bytes, Alphanumeric Please note that Nasdaq will populate this field as “NA” in the event of a stock only dividend or capital distribution. Denotes the portion of the cash dividend or interest income that is taxed as ordinary income to the shareholder. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, non-qualified cash distribution is entered as $$$$$$.dddddd. Qualified Cash Distribution 13 bytes, Alphanumeric If non-qualified cash distribution is not entered, the field will be populated as “NA”. Denotes the portion of the cash dividend or interest that is taxed as a qualified dividend to shareholder. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, qualified cash distribution is entered as $$$$$$.dddddd. Tax-Free Cash Distribution 13 bytes, Alphanumeric If qualified cash distribution is not entered, the field will be populated as “NA”. Denotes the portion of the cash dividend or interest attributable to bonds that is not taxed to the shareholder. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, tax free cash distribution is entered as $$$$$$.dddddd. Ordinary Foreign Tax Credit 13 bytes, Alphanumeric Revised: January 20, 2016 If tax free cash distribution is not entered, the field will be populated as “NA”. Denotes the portion of the cash dividend or interest from a foreign corporation that is not Page 61 MFQS Daily List Data Field Field Format Description “qualified” by the IRS. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, ordinary foreign tax credit is entered as $$$$$$.dddddd. Qualified Foreign Tax Credit 13 bytes, Alphanumeric If ordinary foreign tax credit is not entered, the field will be populated as “NA”. Denotes the portion of the cash dividend or interest attributable to qualified foreign corporation as defined by the IRS. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, qualified foreign tax credit is entered as $$$$$$.dddddd. Stock Dividend Ratio 11 bytes, Alphanumeric Short Term Capital Gain 13 bytes, Alphanumeric If qualified foreign tax credit is not entered, the field will be populated as “NA”. Denotes the stock split/dividend ratio for a MFQS instrument. The field format is as follows: • If a stock split/dividend is entered, the amount will be stated in the following numeric format: $$$$.dddddd. • Examples: o 2-for-1 stock split should be reported as “0002.000000”. o 1-for-2 reverse stock split should be reported as “0000.500000”. o 10% stock dividend would be reported as “0001.100000”. • If no stock split/dividend is entered, the field will be populated as “NA”. Denotes the per share amount of short-term capital gains for a MFQS instrument. A shortterm capital gain is a profit resulting from the sale of securities held in the fund portfolio for less than one year. At the time of data entry, Short Term Gain is reported as $$$$$$.dddddd. Please note that Nasdaq will populate this field as “NA” if no short term gain is entered for stated ex-date. Long Term Capital Gain 13 bytes, Alphanumeric Revised: January 20, 2016 Denotes the total capital gain for the MFQS instrument that is taxed to the shareholder at the long-term capital gains rate. Page 62 MFQS Daily List Data Field Unallocated Distributions Field Format 13 bytes, Alphanumeric Description At the time of data entry, Long Term Gain is reported as $$$$$$.dddddd. Please note that Nasdaq will populate this field as “NA” if no long term gain is entered for stated ex-date. Denotes the amount of unassigned term gains being reported for the MFQS instrument. At the time of data entry, Unallocated Distributions are reported as $$$$$$.dddddd. Return Of Capital 13 bytes, Alphanumeric Please note that Nasdaq will populate this field as “NA” if no unallocated distribution value is entered for stated ex-date. Denotes the amount of return of capital (ROC) to the MFQS instrument’s shareholders. Please note that this value should be entered as a dollar amount (not a percentage). At the time of data entry, Return of Capital is reported as $$$$$$.dddddd. Issuer Name Text up to 150 bytes Pricing Agent Text up to 150 bytes Status Text up to 10 bytes Please note that Nasdaq will populate this field as “NA” if no return of capital is entered for stated ex-date. Denotes the MFQS issuer name associated with the MFQS instrument at the time that the ExDate Report was generated. Denotes the MFQS pricing agent name associated with the MFQS instrument at the time that the Ex-Date Report was generated. Denotes the current instrument status in MFQS system. The allowable values are: Value Live Test Definition Live / production security Test security MFQS Ex-Date Report Timing The MFQS Ex-Date Report is automatically updated during the MFQS U.S. reporting session as MFQS pricing agents enter dividend and capital distribution data enter data into the system. For the most complete data set, Nasdaq recommends that firms pull the ex-date report between after the U.S. session close at 8:00 p.m., ET. Revised: January 20, 2016 Page 63 Appendix A –Documentation Version Control Log Date November 23, 2010 April 7, 2011 May 26, 2011 June 16, 2011 Version Information Initial release of MFQS Daily List / MFQS Registration Service specification. Updated “Architecture” section of document to address user security set for MFQS Daily List. Updated the URL addresses for the MFQS Daily List for the June 13, 2011 release. Added Ex-Date Report file format to the MFQS Daily List specification. Corrected event code language for an instrument modification from “Change Request” to “MFQS Attribute Change”. Updated MFQS code sample to include a security certificate statement. Updated the URL Address statements to use https://www.nasdaqmfqs.com (rather than https://beta.nasdaqmfqs.com). July 19, 2011 May 18, 2012 Added Table of Contents and Hours of Operation section to document. Added section on the MFQS Daily List transition with a hyperlink to the data comparison document that shows how fields map from the legacy NASDAQ Trader file to the new MFQS Daily List file. Updated MFQS Daily List file format to reflect new Event Action Codes to be release on or about June 24, 2012. As noted in the release notes section of the document, Nasdaq will be making the following changes to the Event Code values: Event Code Supported in Initial Release Supported in June 2012 Release Addition Anticipated Addition Deletion UIT Replacement MFQS Attribute Change Correction – Addition Correction – Deletion Correction – UIT Replacement Correction – MFQS Attribute Change Restore Withdraw – Addition Yes Yes, but not used Yes No Yes Yes Yes Yes Yes Yes Yes No Yes No Yes, but not used No Yes No No No Yes Yes MFQS Daily List June 13, 2012 Withdraw – Deletion Withdraw – UIT Replacement Withdraw – MFQS Attribute Change Withdraw – Restore No Yes No Yes No Yes No Yes For the MFQS Daily List file formats, Nasdaq updated the Documentation Available field description to make it clear that while the flag may appear on Advanced and Next Day file versions, the MFQS system will not actually post the supporting document until the stated effective date. Within the Documentation List file format, Nasdaq added a value to the Documentation Type field list of “P-DRFT” for a draft prospectus. In addition, Nasdaq added a new file format option of “ExcelXML” for a formatted MS-Excel file to the document. February 11, 2013 For the March 11, 2013 release, Nasdaq added new Issue Type and Issue Category field values for the new Alternative Investment Product (AIP) asset class to MFQS Daily List, MFQS Directory and other file formats. At the request of the market data community, Nasdaq also new NSCC related fields to the MFQS Daily List and MFQS Directory files formats. In addition, Nasdaq also added a new MFQS System Start Date field to the MFQS Directory file format. April 15, 2013 July 5, 2013 Please note that the new values and fields are denoted in red typeface within this document. For the MFQS Documentation Post file, Nasdaq updated the allowable DocumentationType and AssociatedAction values for website consistent reasons. Nasdaq also updated the field names to match the actual file headers. Nasdaq updated the following field values to reflect MFQS system changes to be implemented on or about September 9, 2013: File Name MFQS Daily List – All Versions Revised: January 20, 2016 Field Names MFQS Event Code Update Changed value from “UIT Replacements” to “Replacements” as Nasdaq will support the replacement application option for Structured Product instruments as well Page 65 MFQS Daily List Revised: January 20, 2016 MFQS Daily List – All Versions MFQS Issue Category – Current, MFQS Issue Category – New MFQS Daily List – All Versions CUSIP – Current, CUSIP – New MFQS Daily List – All Versions Deletion Reason MFQS Daily List – All Versions CUSIP for Merger MFQS Directory MFQS Issue Code MFQS Directory CUSIP MFQS Document Posting Service CUSIP as Unit Investment Trusts. Updated Issue Category values for Structured Products instruments to reflect new industry recommendations. Added note to reflect that CUSIP field will only be populated if the MFQS Daily List recipient firm has a valid CUSIP license and entitlement token. Added “P” value for postponed issuances. Value will be used if the MFQS issuer advises Nasdaq of the postponement after the MFQS effective date. Added note to reflect that CUSIP field will only be populated if the MFQS Daily List recipient firm has a valid CUSIP license and entitlement token. Updated MFQS Issue Code values for Structured Products instruments to reflect new industry recommendations. Added note to reflect that CUSIP field will only be populated if the MFQS Daily List recipient firm has a valid CUSIP license and entitlement token. Added note to reflect that CUSIP field will only be populated if the MFQS Daily List recipient firm has a Page 66 MFQS Daily List MFQS Document Posting Service Ex Date Report May 1, 2014 AssociatedAction valid CUSIP license and entitlement token. Changed value from “UIT Replacement” to “Replacement”. DistributionType Added value of “Special” for special cash distributions reported by the MFQS pricing agent for the instrument. Ex Date FundCode Updated FundCode Report values for Structured Products instruments to reflect new industry recommendations. Ex Date CUSIP Added note to reflect Report that CUSIP field will only be populated if the MFQS Daily List recipient firm has a valid CUSIP license and entitlement token. Updated file formats for MFQS Daily List, MFQS Symbol Directory and MFQS Ex-Date Report files to support test symbols. Also standardized MFQS field names across products and modify file formats to better reflect instrument data from MFQS issuers. MFQS Daily List file format changes: • Add fields for Test Symbol Flag, Symbol Reuse Flag, Instrument Registration and Total Net Assets – Inception Date. • Delete Fields for Fund Manager Last Name – Current, Fund Manager First Name – Current, Fund Manager Last Name – New, Fund Manager First Name – New, Fund Manager Start Date. • Standardize field names. • Standardize mutual fund codes for Instrument Code field. For Open-end mutual funds, the Instrument Code will change from “Z” to “O”. For Closed-end mutual funds, the Instrument Code will change from “Y” to “C”. MFQS Documentation Post List file format changes: • Add field for Test Symbol Flag. • Standardize field names. Revised: January 20, 2016 Page 67 MFQS Daily List MFQS Directory file format changes: • Add new fields for Test Symbol Flag, Instrument Registration, and Total Net Assets – Inception Date. • Support fields for Distribution Type and Distribution Frequency. • Delete fields for Fund Manager Last Name and Fund Manager First Name. • Standardized field names. • Standardized mutual fund codes for Instrument Code field as noted above.. March 6, 2015 May 15, 2015 January 20, 2016 Ex Date file format changes: • Add field for Status • Standardize field names • Standardize codes for Instrument Type / Tier, Instrument Code, Distribution Message, and Action fields to match MFQS Daily List / MFQS Directory files. Nasdaq added Instrument Type and Instrument Code values for a new asset class, Exchange Traded Managed Fund (ETMF), to be supported in late 2015. Nasdaq updated its MFQS symbology for ETMFs to be 7characters with no delimiters. The MFQS symbol will consist of Nasdaq’s 5-character trading symbol and the ending characters “NX”. Nasdaq updated NextShares Exchange Traded Managed Fund references to reflect product naming changes. For MFQS Daily List, Nasdaq added two Deletion Reason codes for Instrument Conversions (V) and Instrument Reorganizations (R). For MFQS Documentation List, Nasdaq also added a Document Type of “Statement of Reorganization”. Revised: January 20, 2016 Page 68

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