One of the strongest features of PFS-PAXUS is its ability to calculate incentive fees for multi-series funds, per share basis funds and equalisation funds.

Differing payment frequencies : Different payment/calculation frequencies can be incorporated e.g. daily, weekly, fortnightly, monthly, quarterly, semi-annual, annual.

Cumulative high watermarks : Cumulative high watermarks are supported. In addition cumulative high watermarks can be initialised to zero periodically if required.

Hurdle rates : Hurdle rates can be entered into the system and incorporated in the incentive fee calculations.

Flexibility : Various combinations of the aforementioned features are possible, including the ability to maintain a different fee structure for different series within a fund.

Automatic posting : Incentive fees are automatically posted to the general ledger.

Excluded categories : Certain categories of income can be excluded from the incentive fee calculation if desired (e.g. interest).