APL MFA Trading (Contents, Download)

APL Mutual Fund Advisory (MFA) is a tool that supports the administration and trading of mutual fund advisory programs. Automated features, flexibility, and ease of maintenance allow Investment Managers to develop multiple products to meet their investors’ needs. The MFA product helps minimize costs with asset class level rebalancing (minimizing trades) and automatic trade generation (reducing manual intervention) for: anniversary rebalancing, nightly rebalancing and investment of systematic (regularly schedule contributions and withdrawals).

Tip: An Adobe Acrobat^TM formatted version of the complete User Guide (PDF) materials are available for sharing with your customer.

Table of Contents

• Chapter 1: About This Manual
  • 1.1 MFA: Traditional vs. Managed Account Platform
    • MMS Models
  • 1.2 What you need to use Mutual Fund Advisory

• Chapter 2: Overview
  • 2.1 What is APL Mutual Fund Advisory?
    • Traditional MFA
    • Managed Account Platform MFA
  • 2.2 What is APL?
  • 2.3 What is UMA?
    • Master Manager
    • Submanager
  • 2.4 What is MMS?
    • MMS and Traditional MFA
    • MMS and MFA under the Managed Account Platform

• Chapter 3: MFA Functionality
  • 3.1 Products and Models
  • 3.2 Model Options
  • 3.3 Rebalancing
  • 3.4 Reports
  • 3.5 Ad hoc functions
  • 3.6 Systematics
  • 3.7 Sleeves
  • 3.8 MFA Managed Account Platform: Single Sleeve Accounts
    • Sleeve Tags

• Chapter 4: Product and Fund Allocation Views
  • 4.1 About Products
  • 4.2 Define Upper and Lower Ranges for the Asset Type
  • 4.3 Define Upper and Lower Ranges for the Asset Class
  • 4.4 Defining Drift
  • 4.5 Account Asset Allocation Screen
  • 4.6 Adding, Editing client data
  • 4.7 Popup Error Checks upon entering data
  • 4.8 Account Option/Maintenance Screen

• Chapter 5: MFA under Managed Account Program: Product and Fund Allocation Screens
  • 5.1 Product Portfolio Retrieval
  • 5.2 Asset Type Maintenance Screen
  • 5.3 Asset Class Maintenance Screen

• Chapter 6: Account Option/Maintenance Screen
  • 6.1 Anniversary rebalancing
  • 6.2 Systematic Contributions and Withdrawals
    • Frequency
    • Features
  • 6.3 Fees
  • 6.4 Minimum Trade in $
    • New Infodex Fields
  • 6.5 Nightly Rebalancing
    • General rules of rebalancing
    • The Nightly Rebalancer does several things at once

• Chapter 7: Ad-Hoc functions
  • 7.1 MFA Managed Account Platform Sleeve Tags
  • 7.2 Ad – Hoc Rebalancing
  • 7.3 Rounding of Ad-Hoc Rebalanced Events with Non-Mutual Fund Orders
  • 7.4 Rebalance Accounts
  • 7.5 Enter Cash Flows (Ad-Hoc Contributions/Withdrawals)
  • 7.6 Ad-Hoc Rebalance Accounts and Enter Cash Flows
  • 7.7 Ad-Hoc Total Liquidation
  • 7.8 Enter Individual Trades
  • 7.9 Ad Hoc Liquidate Specific Funds
    • Specify Funds To Be Liquidated
    • Liquidate Non-Model Funds
    • Rebalance at Asset Class Level
    • Trade Cash Balance
    • Include or Exclude Cash
    • Set Drift Report Option

• Chapter 8: Asset Class Programming
  • 8.1 Mapping of securities to a designated Asset Type and Asset Class
    • What this table does
    • How to Input Data

• Chapter 9: Drift Reporting
  • 9.1 Drift Report
  • 9.2 DRIFTSUMSECTMF
  • 9.3 Drift Disparity Report
  • 9.4 Multi-Account Position Drift Report
  • 9.5 Multi-Account Asset Drift Report
  • 9.6 Processing Fees from Fee File: Raise Cash for Fees
  • 9.7 Uploading Product and Model information: UPLOADMFADATA
    • File Layout
  • 9.8 Generated Report
  • 9.9 Fee error report for accounts with not enough money to cover a fee
  • 9.10 Error report for accounts with not enough money for systematic withdrawal during nightly processing
  • 9.11 Accounts in the midst of a 2-day event
  • 9.12 Missing Sales Executions report
  • 9.13 Fund Swap within Models
  • 9.14 Trade Order Minimum report

• Chapter 10: Managing Settlement Differences
  • 10.1 Specifying the settlement period
  • 10.2 Specifying the settlement period
  • 10.3 Reports that help prevent overdrafts
  • 10.4 Running the Net Settlement Amount by Block Report (BLOCKSETTLEMENTAMTRPT)
    • Running the Fund Settlement by Days Report (MODELSETTLEMENTDAYSRPT)
    • Mapping models to accounts using MFAACTMODELMAP
    • Updating models based on a model account

• Chapter 11: Dynamic Modeling
  • 11.1 Mapping models to accounts using MFAACTMODELMAP
  • 11.2 Updating models based on a model account (MFAAUTOUPDATEMODELS)

• Chapter 12: MFA Model Report
  • 12.1 Viewing Reports
    • Exporting Reports
    • Details

• Chapter 13: MFA Functions
  • 13.1 MFARESTRCCFG Function
    • Restriction method options – numeric values
  • 13.2 Restriction Method via the UPLOADMFADATA function
  • 13.3 Nightly Batch (REBAL^SECTMF^NIGHTLY)

• Chapter 14: Pending Mutual Fund Orders
  • 14.1 Set Up Considerations
  • 14.2 Mutual Fund Order Characteristics
  • 14.3 Nightly Processing
  • 14.4 Universe Subscription Table
  • 14.5 Processing Tools
    • Activate Pending Orders
    • Report EDPORT Matches
    • Scrub Pending Orders
  • 14.6 MFPEND Field
  • 14.7 Exception Reports
  • 14.8 UMA Master Manager Trading Impact
    • Multi Sleeve Cash Flows
    • UMA Multi Sleeve Netted Trades