At the end of space management of each level 0 volume, DFSMShsm determines the amount of free space remaining on the level 0 volume just processed and the volume’s fragmentation. At this time DFSMShsm also passes control to the space management volume exit (ARCMVEXT) if it is turned on.
For more information about ARCMVEXT, see z/OS DFSMS Installation Exits.