Assumptions

Owned by Kavitha Thangaswamy (Unlicensed)
Last updated: Oct 30, 2023 by Pamela Totas (Deactivated)
1 min read

The following are general assumptions about the inputs to the calculation:

  • A fund's annual expense ratio must be stored in the RULES database in the ENTITY_EXTENSION_HIST table on the MFP_EXP_RATIO column (ENTITY_EXTENSION if entity history is not being used).

  • A fund's annual expense waiver ratio must be stored in the RULES database in the ENTITY_EXTENSION_HIST table on the MFP_ANN_EXPWAIVER column (ENTITY_EXTENSION if entity history is not being used).

  • Expense and waiver ratios are assumed to be quoted on an annual basis.

  • Expense and waiver ratios must be entered as a numeric percentage. For example, an annual expense ratio of 1.20% must be entered as .0120.

  • Waiver ratios must be entered as a positive number. For example, if the fund is waiving 50% of the funds 1.20% annual expenses, the MFP_ANN_EXPWAIVER column must be set to .006 [.006 being 50% of .012].