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In the Create Group Expense wizard's Step 2: Add Funds to Group Expense panel, you can add one or more entities to the group expense and define entity-level expense rules. The following are the options in the Create Group Expense panel for Step 2: Add Funds to Group Expense.
 

Option

Tag

Description

Fund Information



Entity ID

1163

Specifies the entity identifier for the entity in the group expense.

Entity Name

1164

Specifies the entity name for the entity in the group expense.

Accounting Basis

21

Specifies the accounting basis for the entity in the group expense.

Share Class

34

Displays the share class of the entity in the group expense.

Process Center

4896

Specifies the process center of the entity. Each entity in the group expense has the same process center as the expense group entity.

Base Currency

86

Displays the base currency of the entity. Each entity in the group expense has the same base currency as the expense group entity, and expenses accrue in that currency.

Expense Information



Expense Type

2289

Indicates whether you are adding entity level expense details based on a fixed or variable expense entered on the Step 1 panel. Additional fields appear based on the value you select. Options include:

  • Fixed Group Expense
  • Variable Group Expense

Expense Group

2993

Displays the entity identifier for the expense group

Primary Expense Account Name

3252

For a variable group expense, displays a valid expense account for the group level expense. For a fixed group expense, displays the receivable/account in which to post the accruals for the group level expense.

Fee Amount

3201

Displays the amount you want to accrue for the fixed group level expense.

Accrual Beginning Date

35

Displays the accrual begin date entered for the variable group level expense.

Stmt Beg Period Date

220

Displays the accrual begin date entered for the fixed group level expense.

Expense End Date

221

Specifies the end date for the entity level expense.

Replication Switch

4971

Displays the expense replication option that was selected on the primary accounting basis.

NAV Component

3256

Determines the value the system uses to calculate the expense accrual for the entity level expense. Options include:

  • Prior Day Total Net Assets
  • Adjusted Net Assets
  • Average Net Assets
  • Current Day's Settled Shares
  • Current Day's Outstanding Shares
  • Ledger Based NAV
  • User Defined NAV

Adjusted NAV Expense Rule Name

11689

Specifies the name of the adjusted NAV expense rule for the group variable expense at the entity level. 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. This field appears if the expense's Share Class value is TF, and the NAV Component value is Prior Day Total Net Assets, Adjusted Net Assets, Average Net Assets, or Ledger Based NAV. 

NAV Type - Shares or Dollars

2300

Indicates whether the selected NAV component is asset based or dollar based. Displays a value of:

  • Asset/Dollar Based if you select a NAV component of Prior Day Total Net Assets, Adjusted Net Assets, or Average Net Assets.
  • Share Based if you select a NAV component of Current Day's Settled Shares, Current Day's Outstanding Shares, Ledger Based NAV, User Defined NAV.

NOTE: Each entity can have either share based or dollar based NAV components but not both. An expense group cannot include both share based and dollar based NAV components.

Avg Net Asset Freq

3261

Specifies how the system determines the average net asset value in its accrual calculation. This field appears if you set the NAV Component field to Average Net Assets. Options include:

  • Weekly
  • Monthly
  • Quarterly
  • Semi Annually
  • Annually

TNA Use Prior Period

3257

Determines the value the system uses for the average net asset calculation with regards to prior year end total net assets and the current year. This field appears if you set the NAV Component field to Average Net Assets. Options include:

  • Always include PY ending TNA in average net asset calc. The system always includes the total net assets (TNA) from the last day of the prior year when calculating the average net assets for the current year. 
  • Use PY ending TNA only once in average net asset calc. The system only includes the total net assets from the last day of the prior year when calculating the average net assets for the first time in the current year (that is, the first business day). After the first reimbursement is triggered, the system no longer includes the prior year's final TNA when calculating the average net assets. Only current year TNA is used when calculating average net assets.

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. This field appears if you set the NAV Component field to Average Net Assets. Options include:

  • Based on Accrual Beginning Date. The system includes NAVs based on the Accrual Beginning Date field when calculating an average. For example, if the accrual begins on January 1, 2014, the system starts with the NAV from December 31, 2013.
  • Based on Calculation Frequency Period. The system includes those NAVs in the NAV table that fall within the Avg Net Asset Freq field period when calculating an average, even when those NAVs have dates earlier than that specified in the Accrual Beginning Date field.

Tier Id

3255

Displays the expense tier for the variable group expense.

Fee Currency

85

Displays the local currency in which the asset is denominated.

Calendar/Business Days

824

Displays whether business or calendar days are used. This field is populated by information stored at the entity level.

Minimum Fee Amount

3254

Displays the minimum fee applied if a daily accrual fails to meet the minimum for the group level variable expense.

Minimum Fee Frequency

3253

Displays the frequency of the minimum amount for the group level variable expense.

Maximum Fee

11451

Displays the maximum fee applied if a daily accrual exceeds the maximum for the group level variable expense.

Max Fee Frequency

11578

Displays the frequency of the maximum amount for the group level variable expense.

Minimum/Maximum Fee Type

11870

Displays whether the system calculates the minimum and/or maximum fee amounts for the variable group expense, if specified, at the group level or at the entity level. Options include Group Fee and Participant Fee.

Waiver Information



Expense Limit/Cap

4754

Displays the percentage of a variable expense to waive during the accrual process instead of accruing the full amount and reimbursing the fund if expenses over accrue during the accrual period. If you enter a value of 0 (zero) the system allows a full or 100% waiver of the expense. For more information, see Manage Waivers for Expenses.

Waiver Expiration Date

4755

Displays the waiver expiration date for the variable expense.

Waiver Account

4756

Specifies the waiver account to use for the entity level variable expense.

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