Multi Series Accounting Multi series accounting is considered one of the simplest and transparent forms of equalisations and is prevalent in a US funds . Under this method, instead of having a single class and NAV, each time an investor subscribes to the fund, they are issued with a new series of shares with a $100 GAV (for example). This is then tracked separately to the other series in issue and income/expenses are allocated accordingly. Once the crystallisation point then arrives, the different series can all be converted into the initial series.
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