Reviewing and Applying Factors

Determining when to Start Your Review

Reviewing and Applying Factors

Posting date ranges are determined from the payment date provided by WSC. You can adjust the date range using the
When matching mutual fund payments with transactions, include transactions posted this many days before the payment date
Vendor Info option.
Transactions posted on or after a payment date and up to one day prior to the next payment date are factored in the proportions indicated for the payment.
Transactions posted in the subsequent year that have tax effective dates in the current year are included in the date range for the final payment for the year.

Potential Issues on WSC Assets with IR Factors
-Review this asset-level register to determine whether an actual transaction-matching issue exists. Factor files are evaluated when they are loaded to ONESOURCE Trust Tax. If a potential transaction-matching issue is encountered, this register will display one of the following messages in the
Issue
column:
Posting does not exist for this asset in at least one range.
Posting exists in a date range but tax effective date in next year.
Posting has WSC factors of all income but transaction's original tax code indicates a gain.
Asset has multiple issues.
It is your responsibility to determine whether the potential issue is an actual issue.
Assumptions Made for Inconsistent IR Factors
-Review this register to determine whether ONESOURCE Trust Tax made one or more assumptions to correct inconsistent factor information. The assumptions made for each asset in this register are displayed as data inconsistency messages in the
Assumption Made
,
2nd Assumption Made
and
3rd Assumption Made
columns. If more than three assumptions were made for an asset, the following message displays in the
3rd Assumption Made
column: "This asset has more than 3 issues-please review."
Assets listed in this register will have at least one assumption but may not have a second or third assumption.
The following table includes a list of each inconsistent factor issue, the associated data inconsistency message, and the steps to take to resolve the issue:

From the Register Listing page, select for the
Assets with WSC Income Reallocation Factors
register.
If you want to view only those assets where the final factors have been received from WSC, apply a filter to the
WSC Status
column. To apply the filter, select the filter bar below the heading of the
WSC Status
column, select
Final
, then press ENTER or select Filter then select
Apply All Filters
.
Select the check box to the left of the Asset ID column for the asset you want to review. The following graphic shows the check box for the ABERDEEN FDS EMRGN asset is selected:
Select the
Mutual Fund Factors
subtopic.
Select the asset's
Asset ID
link in the grid under the
Mutual Fund Summary
collapsible section. The details for the asset display.
Under the
Wall Street Concepts Factors Detail
collapsible section, notice that the WSC status date and a
Hide messages
or
Show messages
link displays at the top. When messages are shown, you can:
Review factor information for an asset from WSC's secure website by selecting the
Wall Street Concepts Distribution Allocation
link.
The WSC secure website uses a percentage format for factor information, which is different from the decimal fraction format used by ONESOURCE Trust Tax. Generally, you can reconcile the information by dividing each WSC factor by 100. However, you may also need to consider supplemental information (such as federal, state and foreign income or allocations of qualified and nonqualified income).
Review potential issues or assumptions that apply to the asset. The issues and assumptions are the same as those in the
Potential Issues on WSC Assets with IR Factors
and
Assumptions Made for Inconsistent IR Factors
registers.
The first grid under the
Wall Street Concepts Factor Detail
collapsible section associates payments with transactions posted in ONESOURCE Trust Tax for the asset. The
WSC Payment Date
column shows the actual date of the distribution. The
Factor Date From
,
Through
and
as Tax Code
columns include information about the transactions for the asset. Specifically, transactions that have a posting date in the date range shown in the
Factor Date From
and
Through
columns and that are posted to the tax code in the
as Tax Code
column are included when factors are applied.
If your PAN is in a SuperBank association for the purpose of factoring, the
as Tax Codes
column shows the tax code for all of the PANs in the SuperBank association. Factors are applied only if the PAN has a posting for the tax code.
If there are no postings for an asset, the message, "No Postings in this range," displays in the
Additional Information
column. Factors for the range are not applied when this message displays.
Beginning with tax year 2022, the "Factors received exceeded 100%" message displays in the
Additional Information
column if the total factor percentage for a given payment date exceeds 100 percent. This message is also included as a selection for the
Issues
drop-down list in the
Potential Issues on WSC Assets with IR Factors
register.
The second grid under the
Wall Street Concepts Factor Detail
collapsible section shows the underlying factors for a posting. The
Return of Capital Per Share
column includes the amount per share or unit for return of capital only if a factor exists for tax code 4 (Nondividend Distributions).
In the first grid under the
Wall Street Concepts Factors Detail
collapsible section, select the down arrow for the payment and posting combination you want to review.
In the second grid under the
Wall Street Concepts Factors Detail
collapsible section, review the underlying factors. If necessary, you can modify the factor information by:
Changing the tax code. To change the tax code for a factor, select the
Tax Code
field then enter the new tax code.
Changing the distribution percentage. To change the distribution percentage for a factor, select the
Percent of Distribution
field then enter the new percentage.
Changing the amount per share for return of capital (if a factor exists for tax code 4).
For return of capital, the fund factor's ex-dividend date is saved in the PAN's fund factors when WSC factors are applied. Under the
Mutual Fund Factors
collapsible section, you can edit the ex-dividend date shown in the
Ex-Dividend Date
column.
Deleting a factor. To delete a factor, select Delete.
Adding a factor. To add a factor, enter the factor information in the fields in the row that includes the text, "Click here to add new Factor," then press ENTER.
If you modified factor information during your review, select
Save
or accept your changes.
When you finish reviewing the factor information, apply factors. To apply factors, select
Apply WSC Factors
in the upper right corner under the
Wall Street Concepts Factor Detail
collapsible section then select OK when a message indicating that Wall Street Concepts factors will be applied to the asset displays.
A batch job is submitted to apply factors to the accounts that hold the asset. You can now monitor the processing status by selecting the
Asset Name
link above the asset detail page to refresh the page.
Processing is complete when the information under
Apply WSC Factors
indicates that the
Factor source
is
WSC
or
Modified WSC
. Factors that were applied but and were not manually modified have a
Factor source
of
WSC
. Factors that were manually modified then applied have a
Factor source
of
Modified WSC
.
You can monitor the processing status from the Request and Status History page. To access the Request and Status History page, select
HOME
then
Admin
. The batch job is listed in the
Current Requests
section until it completes. After it completes, the
Request Errors
collapsible section shows whether any errors exist that caused the factors not to post. If an error exists, you will need to correct the error before reviewing the applied factors.

From the Register Listing page, select Run for the
Assets with WSC Income Reallocation Factors
register.
If you want to view only those assets where the final factors have been received from WSC, apply a filter to the
WSC Status
column. To apply the filter, select the filter bar below the heading of the
WSC Status
column, select
Final
, press ENTER or select Filter then select
Apply All Filters
.
Select the check box to the left of the
Asset ID
column for each asset you want to apply factors to. The graphic below shows that the check box for three assets is selected:
Select the
Mutual Fund Factors
subtopic. The grid under the
Mutual Funds Summary
collapsible section lists each asset you selected.
You can select the
Asset ID
link for the first asset to review its factors. When you complete your review of the first asset, you can move to the next asset by selecting Forward to the right of the asset name. After you finish reviewing factors, you can return to the Mutual Fund Factors page by selecting the
Mutual Fund Factors
subtopic.
Selecting
Apply WSC Factors
in the upper right corner of the Mutual Fund Factors page.
Select OK when a message indicating that Wall Street Concepts factors will be applied to the list of assets displays.
A batch job is submitted to apply factors to the accounts that hold the assets. You can now monitor the processing status from the Request and Status History page. To access the Request and Status History page, select
HOME
then
Admin
. The batch job is listed in the
Current Requests
section until it completes.
The
Request History
collapsible section includes the completed batch job. This section shows the total number of assets selected, the total number of assets factored and the total number of assets with errors.
The
Request Errors
collapsible section shows whether any errors exist that caused the factors not to post. If an error exists, be sure to review and, if possible, correct the error before you review the applied factors.