Set Up Master Funds for Periodic Distributions

There are several fund related fields on the Create Master Fund panel that impact periodic distribution processing. You must indicate the Daily Distribution Method option for each master fund. 

To set up a master fund for periodic distribution processing:

1. In Accounting Center, in the left navigation pane, click Setup > Portfolio Setup > Mutual Funds > Create Master Fund.
   You see the Create Master Fund panel where you can add a master fund. Otherwise, you can select the Edit Master Fund/Sector option to change a master fund.

2. In the Daily Distribution Method list, click No Processing. 
   When you use this method, it identifies the daily distribution as needing no processing. 

3. In the Income - Periodic Distribution Shares list, select the share base for entities that do not distribute daily. 
   Options include:
   - Outstanding Shares
   - Settled Shares

4. In the LT - Capital Gain Periodic Distribution Shares list, indicate whether the fund uses settled or outstanding shares to calculate the distribution amount for periodic long term capital gain distributions.
   Options include:
   - Outstanding Shares
   - Settled Shares

5. In the ST - Capital Gain Periodic Distribution Shares list, indicate whether the fund uses settled or outstanding shares to calculate the distribution amount for periodic short term capital gain distributions.  
   Options include:
   - Outstanding Shares
   - Settled Shares

6. Complete the remaining fields on the Create Master Fund panel, as appropriate.

7. Click Submit.

For a complete list of the Fund Distribution Fields options and other panel options, see Create Master Fund Panel Options.