Fund Data Converter
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OFST010270 – Has Redemption Gates
A redemption gate is another measure that may be implemented by a fund’s board of directors, under certain circumstances, that limits redemptions in a fund for a short period of time (i.e. up to 15 business days in a 90-day period). Its purpose is to prevent a run on a fund in times of market stress.
| Property | Value |
|---|---|
| OF-ID | OFST010270 |
| Name | Has Redemption Gates |
| Area | Static data |
| Level | Share Class |
| Format | yes / no |
| Tags | Additional, Alternative Fund |
| Introduced in | openfunds 1.29 |
Allowed values
yes, no
Example
yes
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST010270 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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