Beginning of the month 2 (BOM2): New gifts receive units based on the unit price from the prior month end. Investment earnings are allocated based on the new unit balance after gifts are unitized. The important distinction is that gifts receive an earnings allocation in the same posting period.
How transactions impact units:
- Gifts, Distributions, Transfers and expense transactions entered to individual funds impact units
- All other activity (interest/dividends, realized and unrealized gains/losses and investment fees) impact unit price
Locked Periods: all prior periods will be locked down for editing once the posting frequency change is made. Therefore you will be unable to open prior periods from the lock date.