Manage NAV Overrides and Adjustments for Performance Fees

You can use NAV overrides and adjustments when you set up performance fees with a NAV component of either Average Net Assets or User Defined.

if you set up performance fees with User Defined as the underlying NAV component to use external NAVs, you can use the Adjusted NAV Expense Override panels to input NAV amounts for use in calculating the performance fees. 

If you set up performance fees with Average Net Assets as the underlying NAV component, you can use the Adjusted NAV Expense Override panels to override or adjust the average net asset amounts that the system calculates for use with the performance fees. You can manually input the asset value used to calculate a performance fee expense on a daily or case by case basis for a single accounting date. When you do so, the system ignores all other NAV components, and calculates the performance fee based on the asset amount that you manually entered. You can also manually adjust the asset value used to calculate a performance fee expense. 

For information on manual NAV overrides and adjustments, see Manage Manual NAV Overrides and Adjustments for Adjusted NAV Expenses.