Use the Master Fund Setup options to establish the investment options on the system. All plans will be able to access this information.
The Master Fund Setup window contains the following tabs:
· Description: These options 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, the fund's performance, a category for the fund, if applicable, and an inception date for the master fund.
· Type: Here you can specify additional parameters for the fund, for example, whether the fund is part of a private directed account, whether this is a fixed fund (and if so, what the default price is for the fund, if applicable), etc. You can also indicate the voice file associated with the fund.
· Periodic Fixed Price: Not currently used.
· NSCC: Not currently used.
· Redemption Fee and Excessive Trading: Use these options to define redemption fees and excessive trading parameters.
· Generic: On this tab you can indicate extra fields that may be used for internal purposes. You can also use the generic fields to indicate funds that are part of trading links.
· Fee Disclosure:
· Product Type:
· Morning Star Data:
See Also: How to Set up a Fixed Fund
See Also: How to Set up a Periodic Fixed Price Fund
See Also: How to Set up Redemption Fee Parameters
Only one or two people should have the security rights to define or modify fund information at the master fund level. See also: Setup > System > Security Profile.
If a fund is not set up correctly at the master fund level, it will probably not be set up correctly at the Plan level. See also: Setup > Funds > Fund .
The following list of fields is important to many of the processing and reporting features of TSM SmartClient. Great care should be taken to ensure that they are set up correctly. See the Field Descriptions for each tab listed above for more details.
· Fund ID - Standard-naming conventions should be developed for your organization.
· Fund Description - The complete fund name.
· Stmt Fund Sequence - The order the funds appear on the participant statements and reports.
· Parent Company - The mutual fund company or fund provider name.
· Ticker - The correct TICKER number will be necessary for trading purposes.
· Cusip - The correct CUSIP number will be necessary for trading purposes.
· Decimal Precision - Defines the maximum number of decimal places for the fund's unit value and units/shares. Note: If the fund is a share value fund, the decimal precision should be set to 3.