Run Fund Level Mil Rate Adjustment Allocation

Owned by Nancy Cohn (Deactivated)
Last updated: Mar 28, 2024
1 min read

When you submit net investment income (NII) adjustments, the system allocates the NII distribution adjustments posted to the Total Fund share class. In the Run Fund Level Mil Rate Adj Allocation panel, the system can determine whether allocations changed since you submitted the net investment income (NII) adjustments. If the system determines that the class allocation changed, the system reallocates the adjustment and updates all mil rates and distribution yields accordingly. 

The system includes the functionality associated with the Run Fund Level Mil Rate Adj Allocation panel as part of the Transaction Close. 

To run fund level mil rate adjustment allocation:

  1. In Accounting Center, in the left navigation pane, click Fund Accounting > Distributions > Distribution Adjustments > Run Fund Level Mil Rate Adj Allocation.
    You see the Run Fund Level Mil Rate Adj Allocation panel.

  2. In the Entity ID and Entity Name fields, select the name or unique identifier for the entity or composite you want to process.
    The Accounting Date field displays the current accounting date for the selected entity.

  3. Click Submit.