Sector Fund Setup Panel Options

In the Sector Fund Setup panel, when you add sectors to a master fund entity, you can select various options based on the requirements of your business. See the Add Sectors section for details. Note options may vary according to your selections and the terms fund and entity may be used interchangeably.

Master Fund Structure Identification

The following are the options for master fund structure identification:

Master Fund Name (tag 1009). Specifies the abbreviated name of the master fund entity.
Master Fund Long Name (tag 2294). Specifies the long name of the master fund entity.
Master Fund ID (tag 1008). Specifies the unique identifier of the master fund entity for which you are adding sectors.
Master Fund Code (tag 2295). Specifies the master fund code name of the master fund entity.
Master Fund Legal Name (tag 2296). Specifies the legal name of the master fund entity.

Content on this page:

Sector Identification

The following are the options for sector identification:

Sector ID (tag 1163). Specifies a unique identifier for the sector.

Sector Name (tag 1164). Specifies a name for the sector.
Sector Long Name (tag 29). Specifies a long name for the sector.
Sector Code (tag 4324). Specifies a unique code for the sector.
Sector Legal Name (tag 1859). Specifies a legal name for the sector.

Other Information Fields

The following are the options for other information fields:

Initial Sector NAV (tag 3634). Specifies the sector's net asset value (NAV) as of the conversion date.

Manager ID (tag 1149). Stores the fund manager's ID number. For reference only.

Dates

The following are the options for dates:

Inception Date (tag 1138). Specifies the date the entity was created in the marketplace. Eagle's Performance solution uses this information.
STAR Start Date (tag 2198). Specifies the date the entity was set up in the system. The system calculates accounting periods based on the date range you enter in the STAR Start Date and Fiscal End Date fields. You cannot edit this field after you create the entity.
Fiscal End Date (tag 1162). Specifies the last date of the entity's fiscal year, which the system uses as the ending date range when adding accounting periods. The system uses this field during the Year End Close process, an automated process that rolls up all balances from the realized gain/loss accounts and income and expense ledger accounts and posts the balances to the accumulated undistributed gain loss ledger account (3003000100). You cannot edit this field after you create the entity.
Termination Date (tag 1161). Specifies the termination date of the entity. The TERMINATION_DATE column in the Entity table is used to indicate the date by which an entity should no longer be included in GIPS composites.

Fund Distribution Fields

The following are the options for fund distribution fields:

Income - Periodic Distribution Shares (tag 3905). Displays the master fund's share base for entities that do not distribute daily. Options include Outstanding Shares and Settled Shares.
Fixed/NII/Set Rate Distribution Shares (tag 3906). Displays the master fund's share base of the fixed or net investment income (NII) distribution. Options include Outstanding Shares and Settled Shares.
Net Investment Income Rule (tag 3909). Displays the master fund's net investment income rule.
Late Activity Distribution Adjustment (tag 11959). Displays the master fund's flag for late activity distribution adjustments. Options include Yes and No.
Distribution Absorption Method (tag 4957). Displays how the master fund allocates an income distribution when it falls under a defined threshold. Options include:
–  Expense Reimbursement. Allocates any distribution amount that falls below a minimum yield threshold into an expense reimbursement account to get that share class's distribution amount up to the target distribution yield.
–  Class Allocation. Allocates a share class's negative distribution by spreading it across the remaining positive classes based on a weighted share allocation percentage. After the negative distribution is reallocated, the ending result for that negative class is a zero distribution. The threshold for this method is hard coded to zero.
–  Default - None. No reallocation is made. The system posts the distribution amount as calculated.
Net Investment Income Split Method (tag 5045). Displays the master fund's method to use for split dividend processing. Split dividend processing allows you to split mil rates when ex-dates occur on non business dates. Options include:
–  Default - None. Indicates that you do not want split dividend processing to occur for an entity.
–  Mid-Month Split. Splits the mil rates based on user defined split dividend ex-dates, and is used if an entity's split dividend ex-date occurs on any calendar date other than the last calendar date of the month.
–  Pre Ex-Date Split. Allows you to calculate an estimated mil rate for post ex-date on a split dividend ex-date.
–  Post Ex-Date Split. Allows you to calculate a post ex-date mil rate with ex-date shares for a post ex-date.
–  Post Ex-Date Reinvestment Split. Allows you to calculate a post ex-date mil rate with ex-date shares for a post ex-date, and includes reinvestment shares from post ex-date in the post ex-date calculation.
LT - Capital Gain Periodic Distribution Shares (tag 3697). Displays whether the master fund uses settled or outstanding shares to calculate the distribution rate for periodic long term capital gain distributions.
ST - Capital Gain Periodic Distribution Shares (tag 3698). Displays whether the master fund uses settled or outstanding shares to calculate the distribution rate for periodic short term capital gain distributions.

Conversion Fields

The following are the options for conversion fields:

Conversion Date (tag 3915). Specifies the conversion date.