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Positions · Illustrative use case

Inter-Fund Holdings Reconciliation

Compare supplied holdings and capital records where one fund invests in another, including master/feeder and fund-of-funds structures.

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Master / Feeder Reconciliation
Feeder Alpha → Master Fund
1 break
Feeder Alpha Books
Shares Held
125,000
NAV per Share
$1,247.82 T-1
Market Value
$155,977,500
Master Fund Books
Feeder Alpha Capital
125,000
NAV per Share
$1,251.36 T
Market Value
$156,420,000
NAV Variance $442,500
NAV timing mismatch
Feeder using T-1 NAV ($1,247.82), Master struck at T ($1,251.36)

Illustrative records and figures. Your workflow uses supplied files or configured sources, with mappings, comparison rules, and review steps agreed during setup.

The problem

A delayed NAV posting or different share-class identifier can leave master and feeder records out of step. Teams need to establish whether a difference reflects timing, a mapping issue, or an incorrect balance.

1

Example source records

Feeder fund investor statement Master fund position ledger
Master fund position ledger Administrator holdings
2

Differences to investigate

Timing differences in NAV posting
Misaligned share class identifiers
Incorrect capital balances

From comparison to review

Compare related fund records with shared rules.

Map fund and share-class identifiers across the supplied statements and ledgers. Review the date and balance tolerances, then investigate unmatched holdings or capital differences with the relevant records available to the team.

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Related use cases

Dividend & Income Fee Reconciliation Collateral Movements

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We’ll work through your source records, comparison rules, and review needs to find where Boagent can help.

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