You can manually input the asset value used to calculate a variable expense on a daily or case by case basis for a single accounting date. When you do so, the system ignores all other adjusted NAV expense rule criteria or NAV components, and calculates the variable expense based on the asset amount that you manually entered. You can also manually adjust the asset value used to calculate a variable expense.
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Select User Defined NAV as the NAV Component for a Variable Expense
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If you want to manually input the asset value used to calculate a variable expense on a daily basis, you can use a User Defined NAV Component for a variable expense to have the system use a user defined or an external NAV amount rather than calculating the NAV.
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- Variable and variable group expenses that have a dollar based (Prior Day Total Net Assets, Adjusted Net Assets, Average Net Assets) NAV component and use a NAV based adjusted NAV expense rule.
- Variable and variable group expenses that have a Ledger Based NAV component and use a Ledger Based adjusted NAV expense rule.
When you calculate accruals for the variable or variable group expense, if a manual override value is present, the system uses this external Net Asset Value first in the tiered expense calculation. For information on manual NAV overrides, see Manage Manual NAV Overrides and Adjustments for Adjusted NAV Expenses.
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- Variable and variable group expenses that have a dollar based (Prior Day Total Net Assets, Adjusted Net Assets, Average Net Assets) NAV component and use a NAV based adjusted NAV expense rule.
- Variable and variable group expenses that have a Ledger Based NAV component and use a Ledger Based adjusted NAV expense rule.
When you calculate accruals for the variable or variable group expense, if a manual adjustment value is present, the system uses it in the expense calculation. For information on manual NAV adjustments, see Manage Manual NAV Overrides and Adjustments for Adjusted NAV Expenses.