Set Up Master Funds for Set Rate Distributions

You must set up several options for each master fund that uses set rate distributions prior to posting distributions.

To set up a master fund for set rate distribution processing:

1. 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.
2. In the Daily Distribution Method list, click Set Rate. 
   When you use this method, the system 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. If you select this option, the Fixed/NII Distribution Shares fields becomes available.
3. In the Fixed/NII/Set Rate Distribution Shares list, select the share base of the set rate distribution. 
   Options include: 
   - Outstanding Shares 
   - Settled Shares
4. Complete the remaining options in the panel, as appropriate. 
5. Click Submit.

For a complete list of the Fund Distribution Fields options and other panel options, see Create Master Fund Panel Options.