Set Up Master Funds for Periodic Distributions

There are several fund related fields on the Create Master Fund panel that impact periodic distribution processing. You must indicate the Daily Distribution Method option for each master fund.

WRITERS NOTE: if you use periodic distributions, do you set to No Processing? Or do you use periodic distributions in addition to another daily distribution method?

To set up a master fund for periodic 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.
Complete the following Fund Distribution group fields on the Create Master Fund panel.
Click Submit.

The following are the Fund Distribution Fields options in the Master Fund Setup panel that affect periodic distributions. For a complete list of panel options, see Create Master Fund Panel Options.

Option	Tag	Description
Fund Distribution Fields
Daily Distribution Method	3904	Specifies the method the system uses to calculate the daily income distribution amount. Options include: Fixed Rate. Default. Identifies the daily distribution as a fixed rate distribution. The system distributes a specified percentage of cap stock as income. If you select this option, the Fixed/NII Distribution Shares fields becomes available. Net Investment Income. Identifies the daily distribution as net investment income. The system distributes all of the entity's net income daily. If you select this option, the Fixed/NII Set Rate Distribution Shares, Net Investment Income Rule, Late Activity Distribution Adjustment, Distribution Absorption Method, and Net Investment Income Split Method fields become available. No Processing. Identifies the daily distribution as needing no processing. Set Rate. Identifies the daily distribution as a set rate. The system calculates and reports a set distribution rate for each class of a multi class fund based on the base class rate that is established when you set up set rate processing. If you select this option, the Fixed/NII Set Rate Distribution Shares becomes available. Use this field to enter the distribution share type for the set rate.
Income - Periodic Distribution Shares	3905	Specifies the share base for entities that do not distribute daily. Options include: Outstanding Shares Settled Shares
LT - Capital Gain Periodic Distribution Shares	3697	Determines whether the fund uses settled or outstanding shares to calculate the distribution rate for periodic long term capital gain distributions.
ST - Capital Gain Periodic Distribution Shares	3698	Determines whether the fund uses settled or outstanding shares to calculate the distribution rate for periodic short term capital gain distributions.

Set Up Master Funds for Periodic Distributions

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