Common use of Accounting and Administrative Services Clause in Contracts

Accounting and Administrative Services. (i) The Adviser, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy to and prepare the Fund’s Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security prices, at the Fund’s expense, to calculate the market value of the Fund’s investments; (12) Delivery a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, provide or arrange for the following services for the Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form N-1A and other filings relating to the registration of Shares; (7) Monitor the Fund’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The Adviser, at its own expense, will perform provide or arrange for the performance of the following accounting functions on an ongoing basis: (1) Journalize the Fund’s 's investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s 's custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s 's custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy Post to and prepare the Fund’s 's Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security pricesmarket quotes, at the Fund’s 's expense, to or if such quotes are unavailable, obtain such prices from the investment adviser, and in either case calculate the market value of the Fund’s 's investments; (12) Delivery Deliver a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s 's yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, will provide or arrange for the provision of the following services for the Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC Securities and Exchange Commission on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s Fund's annual, semi-annual, annual and quarterly shareholder reports; (6) File Prepare and file registration statements on form Form N-1A and other filings relating to the registration of Shares; (7) Monitor the Fund’s 's status as a regulated investment company under Sub-Sub- Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s 's fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s 's Board of Trustees; and (10) Prepare any other regulatory reports to and for any federalFederal, state or local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The AdviserAdvisor, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s 's investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s 's custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s 's custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy Post to and prepare the Fund’s 's Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g.E.G., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security pricesmarket quotes, at the Fund’s 's expense, to or if such quotes are unavailable, obtain such prices from the investment advisor, and in either case calculate the market value of the Fund’s 's investments; (12) Delivery Deliver a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s 's yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, Advisor will provide or arrange for the following services for the each Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s 's annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form N-1A and other filings relating to the registration of Shares; (7) Monitor the Fund’s Initial Series' status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s Initial Series' fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s 's Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser Advisor shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The AdviserAdvisor, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s 's investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s 's custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s 's custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy Post to and prepare the Fund’s 's Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security pricesmarket quotes, at the Fund’s 's expense, to or if such quotes are unavailable, obtain such prices from the investment advisor, and in either case calculate the market value of the Fund’s 's investments; (12) Delivery Deliver a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s 's yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, Advisor will provide or arrange for the following services for the each Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s 's annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form N-1A and other filings relating to the registration of Shares; (7) Monitor the Fund’s Initial Series' status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s Initial Series' fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s 's Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser Advisor shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The Adviser, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy Post to and prepare the Fund’s Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security prices, at the Fund’s expense, to calculate the market value of the Fund’s investments; (12) Delivery a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, provide or arrange for the following services for the Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC Securities and Exchange Commission on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form Form N-1A and other filings relating to the registration of Sharesshares; (7) Monitor the Fund’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The Adviser, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund and transmit trades to the Trust’s custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances with the Trust’s custodian, and provide the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy Post to and prepare the Fund’s Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security prices, at the Fund’s expense, to calculate the market value of the Fund’s investments; (12) Delivery Deliver a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, will provide or arrange for the following services for the Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semi-Annual Reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission SEC on the Trust’s annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form Form N-1A and other filings relating to the registration of Sharesshares; (7) Monitor the Fund’s status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser shall at all times be subject to the control and direction of the Board of Trustees of the TrustBoard.

Accounting and Administrative Services. (i) The Adviser, at its own expense, Fund and the Adviser will engage the Adviser or a third party to perform the following accounting functions on an ongoing basis: (1) Journalize On a daily basis, the Fund’s investment, capital share and income and expense activities;following records shall be maintained: A) Report of priced portfolio securities B) Statement of net asset value per share (2) Verify investment buyOn a monthly basis, the following records shall be maintained: A) General Ledger B) General Journal C) Cash Receipts Journal D) Cash Disbursements Journal E) Subscriptions Journal F) Redemptions Journal G) Accounts Receivable Reports H) Accounts Payable Reports I) Open Subscriptions/sell trade tickets when received from the Fund and transmit trades to the Trust’s custodian for proper settlement;Redemption Reports J) Transaction (Securities) Journal K) Broker Net Trades Reports (3) Maintain individual ledgers On a quarterly basis, a Holdings Ledger and a Buy-Sell Ledger (Broker's Ledger) shall be prepared on a semi-annual basis for investment securities;each Series. (4) Reconcile cash On an annual basis, a SCHEDULE D shall be produced. The above reports may be printed according to any other required frequency to meet the requirements of the Internal Revenue Service, the Securities and investment balances with Exchange Commission (the Trust’s custodian, "SEC") and provide each Fund's Auditors. All portfolio purchases for the Fund with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;; (6) Posy are recorded to reflect expected maturity value and prepare the Fund’s Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements and authorize such disbursements upon written instructions from authorized officers and agents; (9) Calculate capital gains and losses; (10) Determine the net income; (11) Obtain security prices, at the Fund’s expense, to calculate the market value of the Fund’s investments; (12) Delivery a copy of the daily portfolio valuation to the Fund; (13) Compute the Fund’s net asset value; (14) Compute the Fund’s yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund of cost including any proposed adjustments; and (16) Prepare periodic unaudited financial statementsprepaid interest. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s 's expense, provide or arrange for the following services for the each Fund: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Federal and state tax returns; (4) Prepare and file the Semisemi-Annual Reports annual reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission SEC the Trust’s 's annual, semi-annual, annual and quarterly shareholder reports; (6) File registration statements on form Form N-1A and other filings relating to the registration of Shares; (7) Monitor the Fund’s 's status as a regulated investment company under Sub-Chapter Subchapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s 's fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s 's Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund pursuant to this Agreement, the Adviser shall at all times be subject to the control and direction of the Board of Trustees of the Trust.

Accounting and Administrative Services. (i) The AdviserAdvisor, at its own expense, will perform the following accounting functions on an ongoing basis: (1) Journalize the Fund’s Initial Series' investment, capital share and income and expense activities; (2) Verify investment buy/sell trade tickets when received from the Fund Initial Series and transmit trades to the Trust’s 's custodian for proper settlement; (3) Maintain individual ledgers for investment securities; (4) Reconcile cash and investment balances of the Initial Series with the Trust’s 's custodian, and provide the Fund Initial Series with the beginning cash balance available for investment purposes; (5) Update the cash availability throughout the day as required by the Fund;Initial Series; (6) Posy Post to and prepare the Fund’s Trust's Statement of Assets and Liabilities and the Statement of Operations; (7) Calculate various contractual expenses (e.g., transfer agency fees); (8) Control all disbursements from the Initial Series and authorize such disbursements upon written instructions from authorized Initial Series officers and agents; (9) Calculate capital gains and losses; (10) Determine the Initial Series' net income; (11) Obtain security pricesmarket quotes, at the Fund’s Initial Series' expense, to from services approved by the Trust, or if such quotes are unavailable, obtain such prices from the Initial Series investment advisor, and in either case calculate the market value of the Fund’s Trust's investments; (12) Delivery Deliver a copy of the daily portfolio valuation to the FundInitial Series; (13) Compute the Fund’s net asset value;value of the Initial Series: (14) Compute the Fund’s Initial Series' yields, total return, expense ratios, and portfolio turnover rate; (15) Monitor the expense accruals and notify the Fund Initial Series of any proposed adjustments; and (16) Prepare periodic unaudited financial statements. (ii) In addition to the accounting services described in the foregoing Paragraph 2(b)(i), the Adviser will, at the Fund’s expense, Advisor will provide or arrange for the following services for the Fundservices: (1) Prepare periodic audited financial statements; (2) Supply various statistical data as requested by the Board of Trustees of the Trust on an ongoing basis; (3) Prepare for execution and file the Initial Series' Federal and state tax returns; (4) Prepare and file the Initial Series' Semi-Annual Reports with the SEC on Form N-SAR; (5) Prepare and file with the Securities and Exchange Commission the Trust’s 's annual, semi-annual, and quarterly shareholder reports; (6) File registration statements on form N-1A N-1 A and other filings relating to the registration of Shares; (7) Monitor the Fund’s Initial Series' status as a regulated investment company under Sub-Chapter M of the Internal Revenue Code of 1986, as amended; (8) Maintain the Fund’s Initial Series' fidelity bond as required by the 1940 Act; (9) Prepare materials for and record the proceedings of, in conjunction with the officers of the Trust, the meetings of the Trust’s 's Board of Trustees; and (10) Prepare any other regulatory reports to and for any federal, local or state agency as may be required. In carrying out its duties hereunder, as well as any other activities undertaken on behalf of the Fund Initial Series pursuant to this Agreement, the Adviser Advisor shall at all times be subject to the control and direction of the Board of Trustees of the Trust.