Run Expense Accruals for Adjusted NAV Expenses

After you set up adjusted NAV expenses for the fund, you can process the expense accruals using the Run Expense Accruals panel in the Global Process workspace, which you also can use to process fixed, variable, and group expenses. 

The Run Expense Accruals panel allows you to process variable expenses associated with adjusted NAV expenses separately or along with other types of expenses. For example, you can set the panel's NAV Component field to Ledger Based NAV only to process accruals only for expenses with a NAV component value of Ledger Based NAV. Or, you can set the panel's NAV Component field to User Defined NAV only to process accruals only for expenses with a NAV component value of User Defined NAV. For more information, see Run Expense Accruals. 

When you run expense accruals, the system uses tier based variable expense accrual calculations as usual, and additionally can retrieve the adjusted assets based on the NAV component type and the presence of an adjusted NAV expense rule. The net asset calculation reflects this information. The system also checks for the presence of manual NAV adjustments and manual NAV overrides.