Master Fund Setup - Description tab
The fields on this tab provide a comprehensive view of the fund, including the CUSIP, Ticker, parent company to which the underlying funds are associated, a Statement fund sequence for use on statements, a category for the fund, if applicable, and an inception date for the master fund.
It is critical that you check the required fields since these drive some of the edits and functionality for specific funds.
How to Access the Master Fund Setup – Description tab
On the Setup menu, point to Funds, and then click Master Funds Setup. The Master Funds tab displays.
Show me how to set up a master fund
1. On the Master Fund Setup window, click the Add icon.
2. Complete the following required fields:
· Fund ID: Enter an identifier for this fund. You should develop standard naming conventions for your organization.
· Fund Description: Enter the full name of the fund. The more complete the fund name, the easier it is to identify a specific fund.
· Stmt Fund Sequence: Enter the 1 or 2 digit code to identify the order in which the funds appear on statements and reports. This allows you to define the risk factor of the fund for sorting on the statement. You can override this number at the plan level.
· Parent Company: Select the mutual fund company or fund provider name from the list.
· Cusip: Enter the 9 characters CUSIP. Make sure you have the correct number! Once this is entered and copied to a Plan, it cannot be changed at the plan level.
3. Complete any of the other optional fields on this or the other tabs.
4. When you are done, click the Save icon.
Explanation of Fields
|
Field Name |
Field Description |
Required / Optional |
|
Fund Id |
Enter the identification code, maximum of 12 characters. This can be any code defined by the user and should be an identifier that it recognizable across all plans. This field cannot be changed at the plan level. |
Required |
|
Fund Description |
Enter the full name of the fund, maximum of 30 characters. This field can be modified at the plan level to suit the client's preferences. |
Required |
|
Stmt Fund Sequence |
Enter the 1 or 2 digit code, which will determine the fund order on participant statements and other transaction related windows. This field can be changed at the plan level. |
Required |
|
Category |
Select the fund category, if any, to which this fund belongs. This field is user defined for reporting purposes only in conjunction with the Plan Sponsor Site. See Also: Setup > Funds > Fund Category |
Optional |
|
Parent Comp/Trustee |
Select the parent company or trustee responsible for the management of the fund and its underlying assets. |
Required |
|
Cusip |
Enter the nine character (including letters and numbers) CUSIP number. The Committee on Uniform Securities Identification Procedures supplies the CUSIP number that identifies most securities, including: stocks of all registered U.S. and Canadian companies, and U.S. government and municipal bonds. |
Optional |
|
Ticker |
Enter the symbol used to identify a stock or mutual fund. Symbols with up to three letters are used for stocks, which are listed and trade on an exchange. Symbols with four letters are used for NASDAQ stocks. Symbols with five letters are used for NASDAQ stocks other than single issues of common stock. Symbols with five letters ending in X are used for mutual funds. |
Optional |
|
Inception Date |
Enter the date on which the fund commenced operation. |
Optional |
|
Narrative |
Enter any comments about the fund. |
Optional |
|
Copy Master Changes to ALL Plans |
Select this check box to copy all parameters defined for a fund at the master fund level to the fund at the plan level. Note: If the master fund has empty fields and the plan has valued fields, this process will not overwrite the existing values on the plan level. |
Optional Required to make the other propagate features available. |
|
Allow blank updates |
Select this check box to allow TSM.Net to copy zero or null values to the underlying funds. |
Optional |
|
Modified fields only |
Select this check box to copy only fields that were changed from the master fund to the plan level. Note: TSM.Net will copy any modifications made today to the underlying funds; any changes made prior to today's date will not be included in the update. If this option is selected in addition to the Allow blank updates check box, in addition to copying the new values, TSM.Net will propagate ALL empty fields (whether intentional or not) on the master fund level as empty fields on the plan level. |
Optional |
|
Apply when original master is the same as plan (only fund description and narrative |
Select this check box to update the fund description and narrative fields at the plan level for funds with identical fund description and narrative data. Either field must have the exact data as the master fund PRIOR to the change to the master fund level fund description or narrative fields in order for the change to be applied at the plan level. Note: The option applies to fund description and narrative fields only. |
Optional |