During setup, you can create NAV rules and assign them to each closed-end fund eligible for preferred shares processing. With the NAV rule, you can select ranges of ledger accounts from the income statement or the trial balance . (ledger account 3000000000 – 5999999999) that the system uses during the Valuation Close NAV Calculation process to calculate a net asset value for the fund. The system uses the ledger accounts to generate the total net assets of the fund used in the NAV per share calculation. You can use the NAV rule for the master fund to exclude preferred shares series specific ledger accounts from for the fund's total net asset calculation amount
WRITERS NOTE: Discuss the following info provided in the reference guide. What panel do clients use to do this and how do they assign it to the entity? Is this custom?
Additionality assets.
Additionally if the fund choses chooses to calculate net asset value during the start of day or transaction close event groups, then you need to create a new ledger item editor profile will need to be created and used and use it for the entity. The new ledger item editor profile should reflect the same ledger account range as the NAV calculation rule.