Additional Accounting Services. SMC shall also perform the following additional accounting services for each Fund, without additional compensation: Provide accounting information for the following: federal and state income tax returns and federal excise tax returns; the Company's semi-annual reports with the Securities and Exchange Commission ("SEC") on Form N-SAR; the Company's annual and semi-annual shareholder reports and related Form N-CSR filings; registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator's monitoring of the Company's status as a regulated investment Company under Subchapter M of the Internal Revenue Code, as amended; annual audit by the Company's auditors; and examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and Funds, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operations. SMC shall provide the Company with all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company and Funds and such other services as SMC shall, from time to time, determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC shall: calculate contractual Company expenses and control all disbursements for the Company, and as appropriate, compute the Company's yields, total return, expense ratios, portfolio turnover rate and, if required, portfolio average dollar-weighted maturity; provide information and assistance to counsel to the Company in preparing (i) the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement of Additional Information, and (iii) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate and prepare, with the assistance of the Funds' investment adviser and officers, communications to shareholders of record of the Funds ("Shareholders"), including the annual report to Shareholders; coordinate the printing and distribution of prospectuses, supplements, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetings, proxies and proxy statements, for all of which the Company will pay such fees as may be mutually agreed upon, including SMC's out-of-pocket expenses.
Appears in 3 contracts
Samples: Fund Accounting and Administration Agreement (Security Income Fund /Ks/), Fund Accounting and Administration Agreement (Security Mid Cap Growth Fund), Fund Accounting and Administration Agreement (Security Large Cap Value Fund/Ks/)
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; ;
(B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; ;
(C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyTrust's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and Funds, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed Administrative Services to be necessary or desirable Provided By CITCO-Quaker Fund Services, Inc. for the Company's and Funds' operations. SMC Portfolios of The Penn Street Fund, Inc. ------------------------------------------------ CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Samples: Mutual Fund Services Agreement (Penn Street Fund Inc)
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each Portfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Fund or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, upon request of the Fund, without additional compensation: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; (B) the CompanyFund's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; (C) the CompanyFund's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyFund's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyFund's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and FundsADMINISTRATIVE SERVICES TO BE PROVIDED BY CITCO-QUAKER FUND SERVICES, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operationsINC. SMC CQFS shall provide the Company Fund with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Fund; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Fund may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Fund expenses and control administer all disbursements for the CompanyFund, and as appropriate, appropriate compute the CompanyFund's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Fund and Fund counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Fund as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Fund's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationFund shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Fund to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersFund, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Fund shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Samples: Mutual Fund Services Agreement (Noah Investment Group Inc)
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; (B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; (C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyTrust's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and FundsADMINISTRATIVE SERVICES TO BE PROVIDED BY CITCO-QUAKER FUND SERVICES, andINC. FOR -------------------------------------------------------------------------------- THE PORTFOLIOS OF HENSSLER FUNDS, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operationsINC. SMC AS SET FORTH ON SCHEDULE A ABOVE ----------------------------------------------------------------------- CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Samples: Mutual Fund Services Agreement (Henssler Funds Inc)
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide periodic(as may reasonably requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports (6) Weekly Amortized Cost vs. Market Value Analysis Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; (B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; (C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyTrust's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise Administrative Services to be Provided By CITCO-Quaker Fund Services, Inc. for the performance by others of administrative services in connection with the operations Portfolios of the Company and Funds, and, Xxxxxxx Plan as Set Forth on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operations. SMC Schedule A Above CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; ;
(B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; ;
(C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filings; reports;
(D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator;
(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; ;
(F) annual audit by the CompanyTrust's auditors; and and
(G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and FundsADMINISTRATIVE SERVICES TO BE PROVIDED BY CITCO-QUAKER FUND SERVICES, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operationsINC. SMC FOR -------------------------------------------------------------------------------- THE PORTFOLIOS OF THE HOMESTATE GROUP AS SET FORTH ON SCHEDULE A ABOVE ---------------------------------------------------------------------- CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each Fund:
(i) Provide monthly (or as frequently as may reasonably be requested by the Fund or the Fund's investment adviser) a set of financial statements for the Fund as described below, without additional compensationupon request of the Fund: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Fund Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; (B) the CompanyFund's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; (C) the CompanyFund's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyFund's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyFund's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and Funds, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed Administrative Services to be necessary or desirable Provided By CITCO-Quaker Fund Services, Inc. for -------------------------------------------------------------------------------- the Company's and Funds' operations. SMC Fund as Set Forth on Schedule A Above ----------------------------------------- CQFS shall provide the Company Fund with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Fund; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Fund may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Fund expenses and control administer all disbursements for the CompanyFund, and as appropriate, appropriate compute the CompanyFund's yields, total return, expense ratiosratios and Fund turnover rate;
(b) cooperate, portfolio turnover rate andin consultation with the Fund and Fund counsel, if requiredin the preparation of prospectuses, portfolio average dollar-weighted maturity; provide information statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Fund as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Fund's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationFund shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Fund to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersFund, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Fund shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Samples: Mutual Fund Services Agreement (Fairholme Funds Inc)
Additional Accounting Services. SMC CMFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports.
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; ;
(B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; SAR and Form N-CSR;
(C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filings; reports;
(D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator;
(E) CMFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; ;
(F) annual audit by the CompanyTrust's auditors; and and
(G) regular examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services Please note that if an examination exceeds 5 business days in a single year, additional charges may apply.
(iii) Provide accounting information and/or certifications from accounting personnel in connection with certified Trust reports and/or proxy materials under the operations of Trust’s Disclosure Control Procedures.
(iv) Provide an experienced accountant to act as the Company and Funds, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operations. SMC Trust’s Accounting Manager CMFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; provide the Trust with a Compliance Officer who shall coordinate and Funds monitor the reports set forth in this Agreement and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CMFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports CMFS does not provide legal services to the Board concerning Trust and the performance of Trust should always consult its obligations hereunderown counsel with respect to regulatory issues. Without limiting the generality of the foregoing, SMC CMFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if required, portfolio average dollar-weighted maturity; provide information and assistance to counsel to the Company in preparing (i) the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement of Additional Information, and (iii) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate and prepare, consultation with the assistance of the Funds' investment adviser Trust and officersTrust counsel, communications to shareholders of record of the Funds ("Shareholders"), including the annual report to Shareholders; coordinate in the printing and distribution of prospectuses, supplementsstatements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to comply with federal and state securities law) as may be necessary to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws regarding registration, and file with the appropriate state securities authorities administrative, compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares; provided that CMFS shall not prepare any documents requiring a legal opinion or constituting legal work;
(d) coordinate the mailing of prospectuses, notices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; (B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; (C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filingsreports; (D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; (F) annual audit by the CompanyTrust's auditors; and (G) examinations performed by the SEC. SMC shall perform or supervise Administrative Services to be Provided By CITCO-Quaker Fund Services, Inc. for the performance by others of administrative services in connection with the operations Portfolios of the Company and Funds, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operations. SMC Quaker Investment Trust ------------------------------------------------- CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Samples: Mutual Fund Services Agreement (Quaker Investment Trust)
Additional Accounting Services. SMC CMFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports.
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; ;
(B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; SAR and Form N-CSR;
(C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filings; reports;
(D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator;
(E) CMFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; ;
(F) annual audit by the CompanyTrust's auditors; and and
(G) regular examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services Please note that if an examination exceeds 5 business days in a single year, additional charges may apply.
(iii) Provide accounting information and/or certifications from accounting personnel in connection with certified Trust reports and/or proxy materials under the operations Trust's Disclosure Control Procedures.
(iv) Provide an experienced accountant to act as the Trust's Accounting Manager SCHEDULE C TO THE INVESTMENT COMPANY SERVICES AGREEMENT BETWEEN MONTEAGLE FUNDS AND CITCO MUTUAL FUND SERVICES, INC. Dated July 1, 2006 Administrative Services to be Provided By Citco Mutual Fund Services, Inc. for the Portfolios of the Company and Funds, and, Monteagle Funds as Set Forth on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operations. SMC Schedule A Above CMFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; provide the Trust with a Compliance Officer who shall coordinate and Funds monitor the reports set forth in this Agreement and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CMFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports CMFS does not provide legal services to the Board concerning Trust and the performance of Trust should always consult its obligations hereunderown counsel with respect to regulatory issues. Without limiting the generality of the foregoing, SMC CMFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if required, portfolio average dollar-weighted maturity; provide information and assistance to counsel to the Company in preparing (i) the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement of Additional Information, and (iii) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate and prepare, consultation with the assistance of the Funds' investment adviser Trust and officersTrust counsel, communications to shareholders of record of the Funds ("Shareholders"), including the annual report to Shareholders; coordinate in the printing and distribution of prospectuses, supplementsstatements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to comply with federal and state securities law) as may be necessary to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws regarding registration, and file with the appropriate state securities authorities administrative, compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares; provided that CMFS shall not prepare any documents requiring a legal opinion or constituting legal work;
(d) coordinate the mailing of prospectuses, notices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
Additional Accounting Services. SMC CQFS shall also perform the following additional accounting services for each FundPortfolio:
(i) Provide monthly (or as frequently as may reasonably be requested by the Trust or a Portfolio's investment adviser) a set of financial statements for each Portfolio as described below, without additional compensationupon request of the Trust: (1) Statement of Assets and Liabilities (2) Statement of Operations (3) Statement of Changes in Net Assets (4) Security Purchases and Sales Journals (5) Portfolio Holdings Reports
(ii) Provide accounting information for the following: :
(A) federal and state income tax returns and federal excise tax returns; ;
(B) the CompanyTrust's semi-annual reports with the Securities and Exchange Commission ("SEC") SEC on Form N-SAR; ;
(C) the CompanyTrust's annual and annual, semi-annual and quarterly (if any) shareholder reports and related Form N-CSR filings; reports;
(D) registration statements on Form N-1A and other filings relating to the registration of shares; the Administrator;
(E) CQFS's monitoring of the CompanyTrust's status as a regulated investment Company company under Subchapter M of the Internal Revenue Code, as amended; ;
(F) annual audit by the CompanyTrust's auditors; and and
(G) examinations performed by the SEC. SMC shall perform or supervise the performance by others of administrative services in connection with the operations of the Company and FundsADMINISTRATIVE SERVICES TO BE PROVIDED BY CITCO-QUAKER FUND SERVICES, and, on behalf of the Company, shall investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Company's and Funds' operationsINC. SMC FOR THE PORTFOLIOS OF THE HOMESTATE GROUP AS SET FORTH ON SCHEDULE A ABOVE CQFS shall provide the Company Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities (including facilities for shareholders' and Board meetings) for handling the affairs of the Company Trust; and Funds and shall provide such other services as SMC shall, from time to time, determine to be necessary to the Trust may request that CQFS perform consistent with its obligations under this Agreement. In addition, at the request of the Board, SMC shall make reports to the Board concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, SMC CQFS shall: :
(a) calculate contractual Company Trust expenses and control administer all disbursements for the CompanyTrust, and as appropriate, appropriate compute the CompanyTrust's yields, total return, expense ratios, ratios and portfolio turnover rate andrate;
(b) cooperate, if requiredin consultation with the Trust and Trust counsel, portfolio average dollar-weighted maturity; provide information in the preparation of prospectuses, statements of additional information, registration statements and assistance proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to counsel comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Company in preparing (i) Trust's shares with state securities authorities, monitor the annual update to the Company's registration statement on Form N-1A, (ii) other amendments to the Company's registration statement and supplements to its Prospectus and Statement sale of Additional InformationTrust shares for compliance with state securities laws, and file with the appropriate state securities authorities compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(iiid) Notices of Annual or Special Meetings of shareholders of the Company and proxy materials relating thereto; coordinate develop and prepare, with the assistance of the Funds' investment adviser and officersTrust, communications to shareholders of record of the Funds ("Shareholders")shareholders, including the annual report to Shareholders; shareholders, coordinate the printing and distribution mailing of prospectuses, supplementsnotices, proxy materials and reports to Shareholders; administer contracts on behalf of the Company with, among others, the Company's investment adviser, distributor, custodian and transfer agent; supervise the Company's transfer agent with respect to the payment of dividends and other distributions to Shareholders; calculate performance data of the Funds for dissemination to information service providers covering the investment company industry; coordinate and supervise the preparation and filing of the Company's tax returns; assist with the layout and printing of prospectuses and assist with and coordinate layout and printing of the Funds' semi-annual and annual reports to Shareholders; assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure; provide registration and other administrative services necessary to qualify the Company's shares for sale in those jurisdictions determined from time to time by the Company's officers (commonly known as "Blue Sky Registration"), provided that all filing and other fees charged by such jurisdictions shall be paid by the Company; make available appropriate individuals to serve as officers of the Company, upon designation as such by the Board; advise the Company and the Board on matters concerning the Company, the Funds and their affairs; obtain, maintain and file fidelity bonds and directors and officers/errors and omissions insurance policies for the Company at the expense of the Company and Funds in accordance with the requirements of Rules 17g-1 and 17d-1(7) under the Investment Company Act of 1940, as amended (the "1940 Act"), to the extent such bonds and policies are approved by the Board; monitor and advise the Company and its Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended; perform required administrative services and functions of the Company and each Fund to the extent administrative services and functions are not provided to the Company or such Fund pursuant to the Company's or such Fund's investment advisory agreement, distribution agreement, custodian agreement, or transfer agent agreement; maintain corporate records on behalf of the Company, including, but not limited to, minute books, Articles of Incorporation and By-Laws; furnish advice and recommendations with respect to other aspects of the business and affairs of the Funds as the Company and SMC shall determine desirable; provide assistance and guidance to the Company with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may effect the Company, and assisting in strategic planning in response thereto; assisting the Company in responding to and providing documents for routine regulatory examinations or investigations; and working closely with counsel to the Company in response to such routine or non-routine regulatory matters; and assist the Company in preparing for Board meetings by (i) coordinating Board book production and distribution, (ii) preparing the relevant sections of the Board materials pertaining to the responsibilities of SMC, (iii) assisting and coordinating special materials related to annual contract approvals and approval of rule 12b-1 plans and related matters, and (v) performing such other Board meeting functions as agreed by the parties. SMC shall perform such other services for the Company that are mutually agreed upon by the parties from time to time. Such services may include performing internal audit examinations; mailing the annual reports of the Funds; preparing an annual list of Shareholders; and mailing notices of Shareholders' meetingsstatements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy statements, solicitation process for all of which the Company will pay such fees as may be mutually agreed uponshareholder meetings, including SMC's out-of-pocket expenses.the tabulation of shareholder votes;
Appears in 1 contract
