You must set up several options for each master fund that use fixed distributions prior to posting distributions.
To set up a master fund for fixed rate distribution processing:
- In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup >Mutual Funds>Create Master Fund.
You see the Create Master Fund panel where you can add a master fund. Otherwise, you can select the Edit Master Fund/Sector option to change a master fund. - In the Daily Distribution Method list, click Fixed Rate.
When you use this method, the system distributes a specified percentage of cap stock as income distribution. If you select this option, the Fixed/NII Distribution Shares fields becomes available. - In the Fixed/NII/Set Rate Distribution Shares list, select the share base of the fixed distribution.
Options include:
- Outstanding Shares
- Settled Shares - Complete the remaining options in the panel, as appropriate.
- Click Submit.
For a complete list of the Fund Distribution Fields options and other panel options, see Create Master Fund Panel Options.
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