You can use a NAV based adjusted NAV expense rule to create an exception rule that subtracts an exception amount from the underlying NAV component defined in a variable expense.
You can set up an adjusted NAV based expense rule with exclusion rule criteria based on a ledger account range, security ID, long/short indicator, security type, processing security type, and sub security type. For example, when the system processes a variable expense with a NAV Component based on Prior Day Total Net Assets, you can exclude expenses for all short positions of a security for the income statement ledger account range (3001000000 through 5999999999).
If you plan to use adjusted NAV expenses that adjust the variable expense's dollar based NAV component:
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