Pay out fund dividends
In the Dividends view, you can see the dividend history and create, execute or edit dividends or dividend transactions. To enable dividend payments for a fund share class, open the Share class wizard, Basic info tab and select the Enable dividend payments option (see Add share classes).
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Viewing options
You can:
Refresh the table content by clicking
at the top right.Export dividends as an XLSX or CSV file.
For the whole table, click Export → Download as CSV/XLSX.
For specific dividends, select rows and click Export → Download as CSV/XLSX.
Adjust the table (see Adjust the view) and group the table information by certain columns (click on
and then Group by).
Adjust the view
You can adjust the table layout and specify the search criteria and then save these modifications for later:
Make your adjustments. You can:
Adjust columns.
Show or hide columns (
).Reorder by dragging and dropping.
Change the width by dragging the boundary.
Sort by clicking the column name.
Adjust table row density (
).Filter the table based on column content (
).Search the table with the search fields at the top of the view.
Click
and enter the view name. If you used the search fields at the top and want to save them, make sure the checkbox Save current search criteria is ticked.Click Save.
The adjustments are saved as a view. You can now:
Set a saved view as the default. To do this, click the Saved views field or
, and then click the star icon 
next to the saved view.Open a saved view, work with it and make changes to it, and then use
to restore the view to its previously saved settings.Clear the saved view and return to the initial system view (click
in the Saved views field).Rename or delete saved views (click
to open the saved views sidepane).
Create and execute a dividend
To calculate dividends and create dividend transactions in the shareholder portfolios, follow the steps:
Open the Dividends view.
Click Add dividend in the top-right corner of the view and fill in the fields:
- Fund
The fund that pays the dividend.
- Share class
The share class that pays the dividend.
- Declaration date
The date when the dividend payment is announced.
- Ex-date
The dividend ex-date. The dividend is calculated based on the number of share class units in the shareholder's portfolio on the morning of the ex-date (the position after the previous day's transactions). This date will become the transaction date of the created dividend transaction. When you calculate NAV on the ex-date, the dividend isn't anymore included in NAV.
- Payment date
The payment date of the dividend, when the dividend is actually paid to the shareholder. Payment date becomes the settlement date of the created dividend transaction.
- Dividend per unit
The dividend to pay per share class unit.
- Transaction type
Transaction type to use for the dividend transactions. By default, FA Fund Management uses the Fund dividend (FMDIV) transaction type.
- Memo
Memo note for the dividend.
If the dividend execution date is today, proceed to executing the dividend by clicking Save and execute.
Alternatively, save the dividend and execute it later (click Execute in the Dividends view).
Check the tax rates and FX rate in the Dividend view that opens. Click Execute to generate dividend transactions. The dividend status changes to "Executing", and then to "Executed" in the Dividends view. You can view the dividend transactions by double-clicking the dividend.
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As a result, FA Fund management does the following:
Creates dividend transactions in the shareholder portfolios.
Creates a cashout transaction (FMDWD type) to take out the dividend amount from the fund portfolio. Next time you calculate NAV, the total dividend amount is excluded from the calculation.
You can ensure that all shareholders received dividends by clicking Reconcile in the Dividends view. The system shows a confirmation message that reads "Dividend transactions are created for all shareholders".
Edit dividends or dividend transactions
You can edit an unexecuted dividend by doing the following:
For the dividend you want to modify, click the
icon and select Edit.Make your changes in the side pane that opens.
If you want to proceed to executing the dividend, click Save and execute and fill in the tax rates and FX rate. If you want to execute the dividend later, click Save.
You can cancel dividend transactions for executed dividends, for example, if you notice that some tax rates are incorrect or if the error is due to incorrect positions in shareholder portfolios. To cancel dividend transactions, do the following:
Double-click an executed dividend in the table.
Select the dividend transactions to delete and click the
icon.If needed, make corrections in the shareholders' portfolios.
Click Reconcile next to the dividend in the Dividends view and confirm that you want to execute missing transactions (Execute).
Enter the correct dividend parameters (you can only correct tax or exchange rates that are not used in any transactions) and click Execute.
Dividend transaction properties
For executed fund dividends, the following information is available in the Dividend transactions view when you double-click a dividend row:
- Portfolio
Shareholder's portfolio.
- Shareholder
Shareholder name.
- Units
Amount of dividend units.
- Dividend (currency)
Amount of dividend assigned to the shareholder in the fund currency.
- Tax country
Shareholder's tax country.
- Tax (currency)
Amount of tax on the dividend amount in the fund currency.
- Amount paid (currency)
Amount of dividend paid in the fund currency.
- Amount in account currency
Amount of dividend paid in the shareholder's account currency.
- Account currency
Shareholder's account currency.
- FX rate
The FX rate used.
- Run time
Run date and time of the fund dividend payment.