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 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 series specific ledger accounts for the fund's total net assets.
Additionally if the fund 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 and use it for the entity. The new ledger item editor profile should reflect the same ledger account range as the NAV calculation rule.
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