Overview
This article explains the validation process for 13F portfolio properties within FundApps. We have added warning messages to identify inconsistent data uploaded via the UI or API, helping you ensure a seamless 13F form generation process.
The Validation Error Explained
The specific property affected is IsInvestmentManager13FReportingEligible. If this property is not identical across all portfolios referring to the same investment manager for 13F, it creates an inconsistency. This discrepancy may prevent you from accurately generating the 13F form.
FundApps identifies these discrepancies during the upload process to prevent downstream reporting errors. Even with these inconsistencies, a valid file will still be automatically imported, but a warning is issued to prompt a correction.
How to Resolve
Follow these steps based on your upload method to resolve the warning messages:
UI Uploads
Monitor the upload page for warning messages while uploading a valid file.
Select the link to the uploaded data to identify the specific inconsistencies.
Fix the data inconsistencies in your upload file.
Re-upload the corrected file to FundApps.
API Uploads
Monitor the response sent back to the calling system for warning messages.
Capture and properly process this message within your internal system to alert the relevant team members.
Adjust the property values in your internal system to ensure they match across all relevant portfolios before the next upload.
API Warning Messages
Importing a valid file with inconsistent data (status code 200 OK):
<Response>
<Warning>
To ensure correct filings for 13F, your InvestmentManager13F details should be consistent in your portfolio file or within the portfolio settings.
</Warning>
</Response>
Importing an invalid file with inconsistent data (status code 400 Bad Request):
<Response>
<Error>
Bad request. Input document did not pass validation. Please contact [email protected] for assistance.
</Error>
<Warning>
To ensure correct filings for 13F, your InvestmentManager13F details should be consistent in your portfolio file or within the portfolio settings.
</Warning>
</Response>
If you have any questions, please contact FundApps support via your In-App Messenger or by emailing [email protected].