Fundriver Balance Knowledge Base

Ever wonder how Fundriver is calculating your estimated spending behind the scenes? Our drill down report found within the Estimated Spending Report (with Column Grouping and Drill Down), will display how Fundriver is calculating spending. To access the drill down report first run the Estimated Spending Report (with Column Grouping and Drill Down), found within the Spending report folder. Next select any blue text. By doing so, a new report will open. Below are example drill down reports that show how Fundriver calculates spending on standard spending rules available to all users using the new spending interface.

Percent Average (Fund MV)

This is the most common spending rule we see here at Fundriver. Configured to calculate based on the fund's average market value.

Percent Average (Pool MV) 

Configured to calculate based on the pool's average market value.

Percent Average (Unit Price)

Configured to calculate based on the fund's average unit price.

Yale (Pool Level)

The Yale Method is a blend of the average market value and prior year spending rules. It can be configured in Fundriver to work on the fund or pool level. The system default is calculated based on the pool.

Yale (Fund Level)

Percent of Income

This is rarely used. It is designed for funds that can only distribute income or realized gains. This to support funds following pre-UMIFA guidelines.

Proportional Distribution

This distributes a fixed amount across all funds assigned to the rule. If a fund that participates in the rule does not take a distribution, the total may not add up to the amount entered. This rule can be used when spending impacts units or unit price.

Prior Year Spending

This rule calculates an increase from the prior year spending plus a percent of any new gifts.

Dollar Amount Per Unit  

The spending amount is the number of shares times the rate entered into this rule. This is more commonly used in clients over $300 million. In most cases, spending needs to impact unit price (not the number of units) and all funds need to take a distribution.