In the Create Retail Management Fee panel, you can add a retail management fee. The following are the options in the Create Retail Management Fee panel.
Option | Tag | Description | ||||||
|---|---|---|---|---|---|---|---|---|
Fund Information | ||||||||
Entity ID | 1163 | Specifies the entity identifier. | ||||||
Entity Name | 1164 | Specifies the entity name. | ||||||
Accounting Basis | 21 | Specifies the accounting basis. This option allows you to set up a retail management fee on a secondary accounting basis or designate it to a specific class within a fund. | ||||||
Share Class | 34 | Specifies a valid share class. A share class is a designation, usually alphabetic, given to a fund's shares. For example, if you designate the share class as TF, the system accrues the expense against the entire or total fund. You can designate a specific share class if a total fund expense is not required. | ||||||
Expense Information | ||||||||
Replication Switch | 4971 | Displays the expense replication option that was selected on the primary accounting basis. This field is hidden. | ||||||
Expense Account Name | 3252 | Specifies a valid expense account. | ||||||
Secondary Basis Expense Account Name | 4997 | Specifies the replication expense account if it is different than the primary account. This field only appears when you select Replicate Expense Accruals and Settlements Diff Rec/Pay and Replicate Expense Settlements Diff Rec/Pay. | ||||||
Accrual Beginning Date | 35 | Specifies the accrual begin date. | ||||||
Avg Net Asset Calc Start Date | 991 | Specifies if the system can use NAVs from dates earlier than the Accrual Beginning Date field value when calculating variable expenses that use average net assets. Options include:
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Tier ID | 3255 | Specifies the name of the variable expense tier rule associated with the retail management fee. Because you generically define expense tiers and do not attach them to a specific entity, multiple entities or multiple expense accounts within an entity can use them. | ||||||
| Group Fee Rate Id | 11870 | Specifies the name of the variable group fee rate associated with the retail management fee. | ||||||
Fee Currency | 85 | Specifies the local currency in which the asset is denominated. | ||||||
Calendar/Business Days | 824 | Indicates whether business or calendar days are used. This field is populated by information stored at the entity level. | ||||||
Other Information | ||||||||
| 12040 | Specifies the acceptable difference, which is measured as a percentage, between the current accrual value and the prior accrual value when you updated an accrual. NOTE: Define an accrual tolerance percent or an accrual tolerance amount. Do not define both. | ||||||
Accrual Tolerance Percent | 12039 | Specifies the acceptable difference, which is measured as a dollar amount, between the current accrual value and the prior accrual value when you update an accrual. NOTE: Define an accrual tolerance percent or an accrual tolerance amount. Do not define both. | ||||||
| 12043 | Specifies the acceptable monetary difference between the current amount and the prior amount. NOTE: Define a payment tolerance amount or a payment tolerance percent. Do not define both. | ||||||
Payment Tolerance Percent | 12042 | Specifies the amount the payment can differ from the accrued balance as a percentage of total net assets. NOTE: Define a payment tolerance amount or a payment tolerance percent. Do not define both. | ||||||
Trueup Spreading Method | 12044 | Indicates the calculation frequency. Options include:
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Trueup Spreading Days | 12053 | Specifies the number of days used in the trueup calculation if you use a User Defined trueup spreading method. This field appears if you set the Trueup Spreading Method option to User Defined. |