In the Create Group Expense wizard's Step 2: Add Funds to Group Expense panel, you can add one or more entities to the group expense and define entity-level expense rules. The following are the options in the Create Group Expense panel for Step 2: Add Funds to Group Expense.
Option | Tag | Description |
|---|---|---|
Fund Information | ||
Entity ID | 1163 | Specifies the entity identifier for the entity in the group expense. |
Entity Name | 1164 | Specifies the entity name for the entity in the group expense. |
Accounting Basis | 21 | Specifies the accounting basis for the entity in the group expense. |
Share Class | 34 | Displays the share class of the entity in the group expense. |
Process Center | 4896 | Specifies the process center of the entity. Each entity in the group expense has the same process center as the expense group entity. |
Base Currency | 86 | Displays the base currency of the entity. Each entity in the group expense has the same base currency as the expense group entity, and expenses accrue in that currency. |
Expense Information | ||
Expense Type | 2289 | Indicates whether you are adding entity level expense details based on a fixed or variable expense entered on the Step 1 panel. Additional fields appear based on the value you select. Options include:
|
Expense Group | 2993 | Displays the entity identifier for the expense group |
Primary Expense Account Name | 3252 | For a variable group expense, displays a valid expense account for the group level expense. For a fixed group expense, displays the receivable/account in which to post the accruals for the group level expense. |
Fee Amount | 3201 | Displays the amount you want to accrue for the fixed group level expense. |
Accrual Beginning Date | 35 | Displays the accrual begin date entered for the variable group level expense. |
Stmt Beg Period Date | 220 | Displays the accrual begin date entered for the fixed group level expense. |
Expense End Date | 221 | Specifies the end date for the entity level expense. |
Replication Switch | 4971 | Displays the expense replication option that was selected on the primary accounting basis. |
NAV Component | 3256 | Determines the value the system uses to calculate the expense accrual for the entity level expense. Options include:
|
Adjusted NAV Expense Rule Name | 11689 | Specifies the name of the adjusted NAV expense rule for the group variable expense at the entity level. An adjusted NAV expense rule defines the assets used to calculate a variable expense by either adjusting existing dollar based NAV components with exclusion criteria or by explicitly defining which ledger balances to use based on include/exclude criteria. This field appears if the expense's Share Class value is TF, and the NAV Component value is Prior Day Total Net Assets, Adjusted Net Assets, Average Net Assets, or Ledger Based NAV. |
NAV Type - Shares or Dollars | 2300 | Indicates whether the selected NAV component is asset based or dollar based. Displays a value of:
NOTE: Each entity can have either share based or dollar based NAV components but not both. An expense group cannot include both share based and dollar based NAV components. |
Avg Net Asset Freq | 3261 | Specifies how the system determines the average net asset value in its accrual calculation. This field appears if you set the NAV Component field to Average Net Assets. Options include:
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TNA Use Prior Period | 3257 | Determines the value the system uses for the average net asset calculation with regards to prior year end total net assets and the current year. This field appears if you set the NAV Component field to Average Net Assets. Options include:
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Avg Net Asset Calc Start Date | 991 | Specifies if the system can use NAVs from dates earlier than the Accrual Beginning Date field value when calculating variable expenses that use average net assets. This field appears if you set the NAV Component field to Average Net Assets. Options include:
|
Tier Id | 3255 | Displays the expense tier for the variable group expense. |
Fee Currency | 85 | Displays the local currency in which the asset is denominated. |
Calendar/Business Days | 824 | Displays whether business or calendar days are used. This field is populated by information stored at the entity level. |
Minimum Fee Amount | 3254 | Displays the minimum fee applied if a daily accrual fails to meet the minimum for the group level variable expense. |
Minimum Fee Frequency | 3253 | Displays the frequency of the minimum amount for the group level variable expense. |
Maximum Fee | 11451 | Displays the maximum fee applied if a daily accrual exceeds the maximum for the group level variable expense. |
Max Fee Frequency | 11578 | Displays the frequency of the maximum amount for the group level variable expense. |
Minimum/Maximum Fee Type | 11870 | Displays whether the system calculates the minimum and/or maximum fee amounts for the variable group expense, if specified, at the group level or at the entity level. Options include Group Fee and Participant Fee. |
Waiver Information | ||
Expense Limit/Cap | 4754 | Displays the percentage of a variable expense to waive during the accrual process instead of accruing the full amount and reimbursing the fund if expenses over accrue during the accrual period. If you enter a value of 0 (zero) the system allows a full or 100% waiver of the expense. For more information, see Manage Waivers for Expenses. |
Waiver Expiration Date | 4755 | Displays the waiver expiration date for the variable expense. |
Waiver Account | 4756 | Specifies the waiver account to use for the entity level variable expense. |
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