The fund of fund targets identify the underlying securities to include in the fund of fund cash allocation process for a master fund and define the allocation percentages that the system uses to calculate each fund of fund allocation method. You must enter a target percentage and an asset class type for each underlying security in a top-level fund of funds. For funds that use the User Defined fund of funds allocation method, you add two target percentages for each underlying fund/security in a top-level fund of fund, defining one for a positive cash flow and another for a negative cash flow.
You can create, edit, delete, and list fund of funds targets. If you change or delete fund of funds targets, you must select all the current active fund of funds targets for the top-level fund at the same time to ensure that the target percentages are always equal to 100%.
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