Statements provide fund managers with the ability to publish investment information to investors in Caruso.
How statements are published
Every statement Caruso generates is published to the investing entity's record in the admin app, whether or not it is also published to the investor portal. This gives you a complete trace of the statements produced for each investing entity.
Statements are often published alongside email notifications — see Emails.
Customising statements
Commentary — every statement supports inserting custom commentary when it is generated.
Custom footers — each statement group below shares a customisable footer. See How to Customise Statement Footers.
Dynamic details
Adviser details — applied automatically where relevant, for example adviser fees on distribution payment notices, summary statements, and periodic statements.
Tax ID Number status — statement headers show a masked status rather than the tax ID itself: Provided, Not Provided, or Exemption Provided (where an ATO exemption code is held). For investing entities with New Zealand tax residency, summary statements show the IRD number itself.
Payment and order notices
Deposits
Two notice variations, depending on the type of capital raise. Deposit methods are set at the capital raise level and include the relevant bank account or other payment details — see How to Set Up Deposit Methods for Capital Raises.
Statement | Source | Notable variations |
Capital Call Notice | Capital call batch workflow | |
Application Payment Notice | Approving an individual order | — |
Outgoing payments
Distribution and redemption bank accounts can be set up in the fund and unit class settings — see Creating and Managing Distributions (Full Guide) and How to Redeem Units.
Statement | Source | Notable variations |
Distribution Payment Notice | Processing a distribution | (1) Four template formats, selected in the distribution configuration view: Detailed – Distribution & Holdings (default), Detailed – Distribution Only, Summary – Distribution & Holdings, and Summary – Distribution Only.
(2) Detailed formats show a breakdown of each component including holding movement; Summary formats show a summary of the holding's distribution.
(3) Shows the record date, adviser fees where relevant, and the payment method (bank account or reinvestment). |
Unit Redemption Notice | Processing a unit redemption | Shows the bank account payment details |
Orders
Statement | Source | Notable variations |
Unit Issuance Notice | Issuing units | |
Unit Transfer Notice | Transferring units | Includes both parties to the transfer. See How to Transfer Units |
Secondary Market – Unit Transfer Notice | A secondary market unit transfer | (1) Shows buyer or seller details, with an optional transaction tag. (2) If secondary market fees were applied, the details show on the seller's notice. (3) See How to Manage the Secondary Market |
Holding statements
Summary statements cover holdings, distributions, and transactions — including investments, reinvestments, secondary market purchases or sales, redemptions, and off-market transfers. A holding appears if it had more than zero units during the statement period. Where adviser fees were deducted during the statement period, an Adviser Fees column shows immediately to the left of Net Distribution.
Statement | Source | What it covers | Notable variations |
Investor Summary Statement | Statements module — individual or bulk generation | All holdings for an investing entity | — |
Fund Summary Statement | Statements module — individual or bulk generation | The investing entity's holdings in a single fund | — |
Holding Summary Statement | Statements module — individual or bulk generation | A single holding | (1) Each distribution shows the Record Date, Units at Record Date, and Payment Method (the date column is labelled Payment Date). (2) Shows the class APIR code where one is recorded |
Investor Distribution Statement | Statements module — individual or bulk generation | Each individual distribution over the selected period | — |
Tax statements
Tax statements follow the enrichment flow, which lets you add data that is not held in Caruso before the statements are generated.
Statement | Source | What it covers | Notable variations |
AU Tax Statements | Statements module — via the enrichment flow | Tax components as required by the Australian Tax Office for end-of-financial-year statements | Also generates the regulatory AIIR report — see Annual Investment Income Report (AIIR) Submissions |
NZ Tax Statements | Statements module — via the enrichment flow | Templates tailored to common fund legal structures in New Zealand | (1) Limited Partnerships. (2) Multi-Rate PIEs. (3) Dividend Statement. (4) Proportionate Ownership. (5) Company |
Regulatory statements
Statement | Source | What it covers | Notable variations |
Periodic Statement | Statements module — individual or bulk generation | A single holding's transactions, distributions, fees and costs, and net investment return for the selected period | (1) One statement per holding. (2) Header shows Fund, Class, and APIR code where recorded |
Exit Statement | Statements module — individual or bulk generation | Mirrors the Periodic Statement | Statement period ends at the redemption date if the investing entity fully redeemed partway through |
Recipient Created Tax Invoice (RCTI) | Processing an adviser payment batch | The adviser fees paid to an adviser licence holder (licensee) for the adviser payment batch | Addressed to the adviser licence holder |
The Periodic and Exit Statements are organised into four tables:
Table A — Transaction Summary – Holding Movement — opening and closing balances and unit movements for the period.
Table B — Distribution Summary — each distribution's record date (where available), payment date, distribution period, gross distribution, adviser fees (where applied), tax withheld, and net distribution.
Table C — Fees and Costs Summary — separates fees deducted directly from the account (fees configured on the class, such as management or performance fees) from fees and costs deducted from the investment (adviser fees).
Table D — Net Investment Return — shows which table each amount is sourced from, and includes a row for fees deducted directly from the account.
Where an ex-distribution redemption price is maintained for the unit class, the closing balance is valued at that price rather than the unit value, reflecting what the investor would receive on redemption. Generation requires an ex-distribution price to be in effect for the statement period — if it is missing, Caruso blocks generation and names the unit class and date.
Because the Periodic and Exit Statements carry a number of calculations, each statement ends with numbered footnotes explaining how the figures are derived:
Any redemptions are calculated using the Redemption price.
Total fees and costs are an estimate calculated by dividing the fees and costs by the Fund's average net assets for the period. Accrued fees and costs may increase or decrease over time before they are actually paid. As a result, the "total fees and costs you paid" is an approximate amount and is likely to be different to the fees paid.
This amount includes all the direct fees and costs which were charged to your account during the statement period. Typically, this comprises an adviser service fee or ongoing adviser service fee which you and your adviser have agreed.
Total fees and costs Combined amount of direct and indirect fees and costs that affected your investment during the period.
The growth return is the change in the value of your investment in the period, taking into account account transactions and excluding distributions. This amount is only for reporting purposes.
If you have any questions or need help at any stage, please contact our Caruso Support team either by email or live chat.