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Press Release

Broadridge Launches Securities Lending Assessment Solution for Mutual Funds

NEW YORK, N.Y. – April 4, 2019 Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and part of the S&P 500® Index, today announced the launch of Broadridge Securities Lending Board Insights, a firm-specific fund-by-fund comparative securities lending assessment solution for mutual fund companies and the boards that oversee their funds. This client-specific report lets companies monitor the relative cost, fee ‘splits’, and income obtained from their securities lending arrangements. It will also help all interested parties receive appropriate rewards for the risks they undergo in their lending programs and helps to reduce risk related to mal-distributed securities lending income. The solution is currently being used by a number of clients including a tier-one global investment manager.

“Faced with mounting pressure on fees and the need for a clearer understanding of competitive financials, many funds are looking to securities lending programs to maximize yield on their long-term holdings,” commented Eric Bernstein, head of Asset Management Solutions at Broadridge. “Based on Broadridge’s unique data set, coupled with rich subject-matter expertise, the reports help boards and fund companies get ahead of today’s challenges to capitalize on what’s next, uncovering opportunities to improve their returns.”

The Securities Lending Board Insights reports are designed specifically for those who oversee (rather than carry out) securities lending arrangements. They also fulfil obligations under Section 15(c) of the Investment Company Act of 1940, as well as the SEC mandates and other regulatory requirements.

The reports may also provide useful insights for the agent lender community as they look to benchmark their offerings against other service providers and to discuss program parameters with clients. For more information click here.

About Broadridge

Broadridge Financial Solutions, Inc. (NYSE: BR), a $4 billion global Fintech leader and a part of the S&P 500® Index, is a leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. Broadridge’s investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than US $5 trillion in fixed income and equity trades per day. Broadridge employs over 10,000 full-time associates in 18 countries.

For more information about Broadridge, please visit www.broadridge.com

To contact media relations, please email us at mediarelations@broadridge.com.