Retail Fund Toolkit Implementation Suggestions

The list that follows is meant to provide a general framework for things to consider when implementing the Retail Fund Toolkit. For more detailed information, contact your Eagle GPS Consultant or Relationship Manager.

1. Make sure that the funds/share class entities are converted into the system before loading NAV data. The NAV interface uses entity history data to determine how to establish certain elements of the fund accounting/NAV record. For more information, refer to the NAV Interface section in this chapter.

2. Establish and pre-populate business calendars before loading any NAV data. Business calendars are used by the NAV interface to create price records on non business days, for spreading multi day income factors, and for (optionally) creating custom conversion processing for convertible share class entities.

3. If you have convertible share class funds, make sure to set the appropriate system settings. For additional information, refer to the Retail Fund Performance User and Configuration Guides.

4. If necessary, reset the default system settings for synthetic return processing (if processing requirements differ from the system default settings). For additional information, refer to the Retail Fund Performance User and Configuration Guides.

5. If necessary, reset the default system settings for gross return processing (if processing requirements differ from the system default settings). For additional information, refer to the Retail Fund Performance User and Configuration Guides.

6. If necessary, reset the default settings for system wide annualization methodology. For more information on annualization settings, refer to  Performance Analysis and Reporting.

7. Establish your fund accounting system of record as a source. You can do this in the Maintain Sources section of the system.

8. If necessary, update the default source rule for the OLAP reports. The Retail Fund Toolkit OLAP reports all share a common source rule (eglMFP-RetailToolkitSrcRule). This rule is preset to use the generic Eagle PACE (EAGLE PACE) source as the primary source and Eagle PACE Mutual Fund Performance (EPMFP) as a secondary source. If you choose to load your fund accounting data to the EPMFP source, you do not have to change the source rule. The alternative is to establish a new source that represents the actual source system of record, and then modify eglMFP-RetailToolkitSrcRule to recognize the new source.
   Note that Eagle PACE source is typically left as the primary source because it represents internal “scrubbed” data. If Eagle PACE is not the primary source in the source rule, data that is reclassified via NAV Maintenance will not be recognized by the calculation engine.

9. Enter the historical maximum applicable tax rates. This is required if you want to be able to calculate post tax and post liquidation performance. For more information, refer to Retail Fund Performance Configuration or contact your implementation manager.

10. Enable the automatic commit option on page 2 of each the three standard workflow reports. This is required if you want to commit results and do trend reporting in the Query Tool. The three reports follow:
    -eglDnr-DailyStdPerf
    -eglDnr-MonthlyStdPerf
    -eglDnr-QuarterlyStdPerf
    These reports are shipped with the auto commit option turned OFF so that it can be enabled in conjunction with “go live” activities.

11. Schedule the three standard workflow reports according to your workflow requirements. Best practices include:
    - eglDnr-DailyStdPerf. Schedule daily (7 days a week).
    - eglDnr-MonthlyStdPerf. Schedule for calendar month ends.
    - eglDnr-QuarterlyStdPerf. Schedule for calendar quarter ends.
    Hint: If needed, you can create and use custom business calendars for scheduling reports.

12. If you choose to use the Performance Audit (advanced) reports, be aware that these reports involve a process that writes daily statistics to the PERFORM database (audit tables). This data is not automatically cleared out after the report is created. Eagle provides a data archive tool that can be configured to clear out the table according to your specific needs. The Toolkit does not include a standard archive policy because data retention policies vary greatly between firms.

13. If you want the system to automatically update stored returns whenever underlying fund accounting data changes, you can configure a Process Manager event to meet your specific requirements. The Toolkit does not include a standard process to update returns when fund accounting records are updated because policies on restating returns vary greatly between firms.

14. The performance engine can be fine tuned with respect to the level of precision for certain calculated values (such as offer price, reinvest shares, and so on). Consider whether you want to set specific rounding assumptions to these variables. For more information, refer to Retail Fund Performance Configuration.