⬆️ Outflows

The Outflows page tracks all capital leaving your fund: fees owed to the manager, redemptions owed to investors, and operational costs. Everything stays here until it is settled.

1. Fees

This section shows the fees owed to the fund manager after each NAV calculation:

• Management Fees: Recurring fees based on the fund's total value.
• Performance Fees: Fees based on the fund's returns above each investor's high-water mark.
• Entry and Exit Fees: Fees charged when investors subscribe or redeem.

Each fee entry shows the associated performance details, so you can see exactly how the fee was calculated.

2. Redemptions

When an investor redeems their units, the amount owed to them appears here as a pending liability. The entry includes the redemption amount, the number of units burned, and the performance achieved on that investment.

3. Costs

This section tracks operational costs and other liabilities:

• Fume Fees: The platform fee for using Fume, automatically calculated during each NAV event.
• Manual Liabilities: Custom liabilities with a name and amount (for example, legal fees, audit costs, or consulting charges). Any expense you want to settle from the fund can be added here.
• Distributions: Capital returned to investors outside of the normal redemption process. Distributions are tracked separately from liabilities, so your records stay clean.

4. History

All settled liabilities appear in the history section with their settlement timestamp. You can sort by date to quickly find past transactions.

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