Manage Portfolio Turnover Entity Links

Owned by Nancy Cohn (Deactivated)
Last updated: Oct 03, 2023
3 min read

You can use portfolio turnover entity links in order to run the Portfolio Turnover report for an entity that owns a blocker mutual fund to pull the underlying security transactions and market values within that blocker fund into the ownership entity's portfolio turnover calculation and report. Blocker funds, also called Cayman funds, are designed to allow for a mutual fund that does not want to own a particular fund due to tax implications to gain market exposure to these securities.

When you use the Portfolio Turnover report to report on an entity that has portfolio turnover entity links to linked funds such as blocker funds, the portfolio turnover calculations and reporting include the transactions and market values of both the entity and also of specified underlying securities held under a separate linked fund, thus creating a portfolio turnover for a consolidated portfolio.

Create Portfolio Turnover Entity Links

In the Create Portfolio Turnover Entity Link panel, you can add one or more portfolio turnover entity links for an entity for use in Portfolio Turnover reporting. You can create portfolio turnover entity links if you use the Portfolio Turnover report to report on entities that hold blocker funds. 

This procedure assumes that you previously set up the entities for any funds an entity owns, such as blocker funds, that you plan to use in Portfolio Turnover reporting. 

To add a portfolio turnover entity link:

  1. In Accounting Center, in the left navigation pane, click Setup > Portfolio Rules > Portfolio Turnover Entity Links > Create Portfolio Turnover Entity Link.
    You see the Create Portfolio Turnover Entity Link panel.

  2. In the Entity ID or Entity Name field, identify the entity that you plan to include in the Portfolio Turnover Report results. 

  3. In the Linked Entity ID or Linked Entity Name field, enter a value in one or more lookup fields to uniquely identify the entity you want to link to the selected entity. 
    You can specify an entity ID or an entity name value for the linked fund, which can represent a blocker fund.

  4. Complete the options on the Create Portfolio Turnover Entity Link panel.
    You can specify a date range for which the owner fund owns the blocker fund. 

  5. If you want to create multiple portfolio turnover entity links for the selected entity, use the pane at the bottom of the panel, as follows:
    - Click the lower pane.
    - Right-click and select Add Rows.
    - Enter the number of rows you want to add in the Enter Rows Count dialog box and click OK. You need to add a row for each additional entity you want to associate with the selected entity.
    - Complete the fields on each row you added.

  6. Click Submit.

Create Portfolio Turnover Entity Link Panel Options

In the Create Portfolio Turnover Entity Link panel, when you add a portfolio turnover entity link, you can select various options based on the requirements of your business.

Option

Tag

Description

Option

Tag

Description

Entity ID

1153

Specifies the unique identifier of the owner entity.

Entity Name

1104

Specifies the name of the owner entity.

Linked Entity ID

5

Specifies the unique identifier of the linked entity. You can use a blocker fund as a linked entity for use in Portfolio Turnover reporting. . 

Linked Entity Name

1164

Specifies the name of the linked entity. You can use a blocker fund as a linked entity for use in Portfolio Turnover reporting. 

Start Date

220

Specifies the begin date when the owner entity holds the linked entity. You must specify a value. 

End Date

221

Specifies the end date when the owner entity holds the linked entity. If the end date is not known, leave this field blank.

Percentage of linked fund owner

11573

For future use. Identifies the percentage of the linked fund that the owner entity holds. The system stores this value for informational purposes.

Edit Portfolio Turnover Entity Links

In the Edit Portfolio Turnover Entity Link panel, you can change one or more portfolio turnover entity links for an entity for use in Portfolio Turnover reporting.

If you need to change a portfolio turnover entity link between an owner entity and a linked entity, you must terminate the current link by entering an end date, and creating a subsequent link that has a more recent begin date. The end date of the current row and the begin date of the new row cannot occur on the same day or overlap.

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