Set Up Master Funds for Fixed Rate Distributions

You must set up several options for each master fund that use fixed distributions prior to posting distributions.

To set up a master fund for fixed rate 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 Fixed Rate. 
   When you use this method, the system distributes a specified percentage of cap stock as income distribution. If you select this option, the Fixed/NII Distribution Shares fields becomes available.

3. In the Fixed/NII/Set Rate Distribution Shares list, select the share base of the fixed distribution. 
   Options include:
   - Outstanding Shares
   - Settled Shares

4. Complete the remaining options in the panel, as appropriate. 

5. Click Submit.

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