Funds

This section's functionality allows you to manage the fund's lifecycle from creation to closure.

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The section table displays all funds created in the broker:

Name	Description
FUND ID	Unique identifier of the created fund. A new fund can be created by clicking the Add fund button.
FUND NAME	Fund name displayed in the interface.
TICKER	Fund ticker symbol.
STRATEGY DESCRIPTION	Fund strategy description (if specified during creation).
INSTRUMENT	Trading instrument created for the fund. Displayed only if the fund is in the Active status. The instrument is included in the exchange if it was specified during its creation.
STRATEGY DESCRIPTION	The exchange specified when the fund was created. To clearly distinguish funds from other instruments, it is recommended to request an artificial exchange from Unity.
CURRENCY	The fund's quoted currency, specified during creation.
SHARE NOMINAL PRICE	The share price.
MINIMUM INVESTMENT	The minimum investment amount for participating in the fund (optional).
CREATE DATE	The creation date specified when the fund was created.
STATUS	Fund status: Draft - created, can be edited and activated; Active - active, cannot be edited, but can be used for trading; Closed - closed, can no longer be edited or used for trading.
CREATED	The date and time the fund's data was last modified.
MODIFIED	The date and time the fund's data was last modified.

The table allows you to filter by fund Status and Name.

The Edit fund button allows you to edit fund parameters.

Important! Editing a fund is only possible before it is set to Active.

Creating/Editing a Fund

Important! The selected Current account and investor accounts can only be used for one fund instrument.

When creating or editing a fund, a sidepage will open in which you must fill in the following fields:

• Fund name - fund name displayed to the client;
• Ticker - fund ticker displayed to the client;
• Currency - share value currency;
• Share nominal price - share nominal value, displayed to the end client as the instrument price;
• Current account - a current account used for settlements and displaying fund profits. Only an internal account (the broker must be specified as both the provider and the client when creating the account) with account type = Personal and management type = Current can be used as a current account. Each Current account can only be used for only one fund.
• Creation date - the fund's creation date (may not be the same as its actual creation date).

Optional fields:

• Minimum investment - the minimum investment amount (not taken into account when trading the created instrument);
• Strategy description - a custom description of the fund's strategy.
• Management fee - a fixed percentage of assets under management, set as an annual percentage. The Type field specifies the payment frequency.
• Performance fee - a performance fee (if the strategy has a positive return), set as an annual percentage. The Type field specifies the payment frequency.

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In the Accounts section, specify the trading accounts of the fund managers, as well as their shares in the fund (in the Weight in fund field).

All manager accounts must be Internal (i.e., the broker must be specified as both the provider and client when creating the account), with the management type set to Brokerage and the account type set to Personal.

The Fund volume field reflects the total value of all account shares.

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When created, the new fund receives the Draft status, where it can be edited. After clicking the Activate button in the upper right corner, an Instrument is created in the platform, available for use in Trading Settings.

Important! After activation, you must notify the Unity team to add the created funds to the connector's aggregation settings and display them to clients. {.is-warning}

All instruments of the Fund type are created with the following parameters:

Unchangeable:

• Tenor = SPOT (T+2)
• Price unit = Currency per unit
• Lot size = 1
• Pip size = 1

Changable in Aggregator settings when editing the instrument set:

• Minimum order size = 0.01
• MPI = 0.01

For a client to trade created funds, they must be added and configured in the Aggregator settings of their account. This also ensures that the price is displayed correctly. They must have a TTL set.

Fund information page

Overview

This tab displays information about the current account used for calculating and displaying the fund's profits, its funds, and the manager accounts, indicating their funds and fund shares.

The arrows next to the account weights open the funds transfer sidepage.

• Up arrow - transfer from a trading account to a current account;
• Down arrow - transfer from a current account to a trading account.

Name	Description
From	The account from which funds will be debited. Current account (for deposits) or trading account (for withdrawals).
To	Select the destination account to which funds will be credited. Current account (for withdrawals) or trading account (for deposits).
Asset	Transfer currency (the fund's quoted asset).
Amount	Transfer amount.
Netting date	The netting date on which the transaction will occur in the system.
Subtype	Transaction subtype (optional).
Comment	An optional field for adding a comment to the transaction (e.g., the reason for the transfer).

The completed transfer will be reflected in the system as a Transaction with the type Transfer and the specified subtype.

Information

This tab displays the fund information entered during its creation. Its contents are similar to the fund creation and editing sidepages.

Snapshot

This tab displays the fund's status report for each of its existence dates.

Please note! For the report to display correctly for a specific date, all days preceding it must be closed in the Daily operations section:

The reporting table contains the following information:

Name	Description
Trade date	Report date (equivalent to the one selected in the table).
Share count	Share amount involved in client's positions.
Currency	Quote asset of the created fund.
NAV	Sum of Total assets of investors' trading accounts. At the close of each day, the fund's asset value is revalued, and clients' positions in the fund are revalued accordingly.
Share price	The share price specified when it was created (if there are no shares in circulation) or its current price, calculated as NAV / Share count. Displayed to the client as the Price of the instrument.

Example of calculating NAV and share price:

• The initial fund price is set at USD 10,000;
• Two investor accounts received USD 5,000 in funds;
• After trading on the accounts, PLs of USD 1,000 and USD 200 were formed for investors;
• The fund's NAV after the close of the day = 5,000 + 5,000 + 1,000 + 200 = 11,200 USD.
• There are 10 shares in the clients accounts;
• The calculated share price at the end of the day = 11,200 / 10 = 1,120

Trading and client display features

Created funds will be available in the client terminal as regular shares with the Fund asset type.

Important! To ensure the fund price is displayed correctly for clients, the current account and investor accounts should be closed before client accounts in the Daily operations section, then wait for the price to appear in EOD Rates. After this, the fund price will be recalculated, and clients' accounts that include this fund instrument in their portfolios can be closed.

Important! Trading orders placed by the client can only be executed manually through the Dealer section.

When an order is executed, the client opens a position on the instrument, and their funds are transferred to the account selected as the current one for further distribution among managers.