Mutual Fund Accounting, Performance and Tax

Mutual Fund Accounting, Performance and Tax

Apex integrates the industry leading investment accounting and reporting systems with straight-through processing, robust controls and experienced professionals to provide timely and accurate NAV calculations and real-time access to data.  Experienced tax professional prepare fund tax filings and monitor compliance with IRS  rules.

Accounting and Performance Services include:

  • Maintain general and subsidiary ledgers and journals
  • Process portfolio and net investor trades
  • Validate and process dividends, interest and other corporate actions
  • Calculate and allocate management and performance fees
  • Accrue income and expenses, including waivers and reimbursements
  • Reconcile cash and holdings to custodians, prime brokers and other parties
  • Process fund distributions
  • Manage valuation of fund assets and liabilities
  • Validate and apply portfolio prices
  • Calculate NAVs, dividend factors and yields
  • Administer fair valuation process and reporting
  • Calculate and report performance data
  • Manage benchmark data and reporting
  • Report performance and fund data to third parties

Apex has successfully completed an independent SOC 1 audit of its fund accounting services.

Tax Services include:

  • Prepare annual capital gain estimates
  • Calculate periodic distributions
  • Monitor RIC tax compliance
  • Prepare fund federal income and excise tax provisions
  • Prepare fund state income tax returns and provisions