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An adjusted NAV expense rule defines the assets used to calculate a variable expense by either adjusting existing dollar based NAV components with exclusion criteria or by explicitly defining which ledger balances to use based on include/exclude criteria. You can set up a NAV based rule to use existing NAV components as the starting point from which to adjust net assets. Or you can set up a Ledger Based rule, which includes no NAV starting point. This is basically a querythat query that calculates a new NAV value.
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