In Context
Once fees have been configured in Maybern for the Fund Family and each class as applicable, you can begin to post fee accruals within the Fees workflow. Note that this guide is merely for posting fee accruals. Please refer to Run a Capital Call to learn how to process a capital call for fees or Run a Distribution & Waterfall and Add Management Fee Holdbacks to a Distribution to run a distribution that includes a fee holdback
Step-by-Step
To post fees, navigate to the Fund Family
Click Fees
Click Create Fee Posting
You will be prompted to select a time range to post fees and click Continue to Review Basis. Please note:
You will only be able to select the period immediately following the previous fee posting
Fees will be posted monthly or quarterly depending on the fee cadence configuration. To view this configuration, navigate to Configuration → Fund Family → Fees → Fee List
Review the fee basis investor breakdown. This table breaks out the fee basis by investor. If there are multiple bases, they appear as column groups on the right. Each basis column group can be expanded to view the full breakdown of basis component by investor
This table is interactive – you can un-group the default groupings, expand or collapse groupings, or create new groupings
Click Continue to Apply Offsets. For more information on how to apply offsets to fee postings, see Add and Post Fee Offsets and scroll to Add offsettable expenses and apply offsets in the fee posting workflow
Click Continue to Review Fees
On the Post Management Fees page, you will see a fee comparison to the prior period, which breaks out fees by components: Gross Fees (before Fee Breaks), Fee Breaks, Gross Fees (After Fee Breaks), Offsets, and Net Fees. Under the green header (on the right-hand side) is the Committed Fee Basis and Rate for the current and prior period
Below this chart is a Fee breakdown by Investor for the current period, which includes the same fee components as listed above. Under the green header (on the right-hand side) is an expanded Committed Basis calculation, which shows Gross Fees (After Fee Breaks), Rate, Basis, and Days. This table is interactive – you can un-group the default groupings, expand or collapse groupings, or create new groupings
At this point, you may:
Leave the fee posting as a draft by clicking Exit in the bottom right corner. The fee posting can be edited, completed, or deleted in the future*
Delete the fee posting by clicking the three dots in the top right corner of the page
Click Post Fees on the bottom right corner
*Editing a draft Fee Posting
To edit a draft fee posting that has been started but not finalized, navigate to the Fees tab and select a draft period directly in the table, which will be marked with a draft badge
Click on Review & Post Fees in the top right corner to bring you back to the posting workflow
