The fund Fund of funds targets identify the underlying securities or securitized funds to include in the fund of fund cash allocation process for a master fund and define the allocation percentages target percentage that the system uses to calculate each in the fund of funds cash allocation. The target percentage represents the percentage that the master fund allocation methodshould hold of the security after the allocation occurs, or a target percentage of holdings for that securitied fund. You must enter a target percentage and an asset class type for each underlying security in a held by the top-level master fund of funds. The total of the target percentages for the selected underlying securities, each entered as a decimal, must be equal to 1.0. If you create fund of funds targets for an entity that use uses the User Defined fund of funds allocation method, you define two target percentages for each underlying fund/security, defining one for a positive cash flow and another for a negative cash flow.
You can create, edit, and delete fund of funds targets. You can also view the current fund of funds targets and their associated history. If you change or delete fund of funds targets, you must select all the current active fund of funds targets targets for all the underlying securities for the top-level fund at the same time to ensure that the target percentages are always equal to 100%.
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