Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund. (b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds. (c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client. (d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider. (e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC. (f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client. (g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records. (h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations. (i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time. (j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires. (k) Monitor wash sales annually. (l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns (m) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 2 contracts
Samples: Services Agreement (Boston Trust & Walden Funds), Services Agreement (Boston Trust & Walden Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds' non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds' dividend payables and dividend factors.
(d) Assist the Funds' transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(eg) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “"1940 Act”") rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(gh) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably Schedule 2 to Services Agreement
(i) requested by the Client, provided that such compliance must be determinable by reference to the Fund’s Fund 's accounting records.
(hj) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(kl) Monitor wash sales annually.
(lm) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s 's tax returns.
(mn) Coordinate with independent auditors concerning the Client’s 's regular annual audit.
(o) Upon the Client's request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(p) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(q) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(r) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 2 contracts
Samples: Services Agreement (Allianz Variable Insurance Products Trust), Services Agreement (Allianz Variable Insurance Products Fund of Funds Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.;
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.;
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.;
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.;
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.;
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s 's accounting records;
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(hi) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.;
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.;
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.;
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s 's tax returns;
(mo) Coordinate with independent auditors concerning the Client’s 's regular annual audit;
(p) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR; and
(q) Provide a sub-certification pertaining to Service Provider's Administration services consistent with the requirements of the Xxxxxxxx-Xxxxx Act of 2002.
Appears in 2 contracts
Samples: Services Agreement (Hc Capital Trust), Services Agreement (Hc Capital Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds' non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds' dividend payables and dividend factors.
(d) Assist the Funds' transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(eg) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “"1940 Act”") rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(gh) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s Fund 's accounting records.
(hi) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s 's tax returns.
(m) Coordinate with independent auditors concerning the Client’s 's regular annual audit.
(n) Upon the Client's request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(p) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(q) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 2 contracts
Samples: Services Agreement (Allianz Variable Insurance Products Fund of Funds Trust), Services Agreement (Allianz Variable Insurance Products Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(g) Monitor and advise the Client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM), as applicable, to any Funds requiring the Full Service Liquidity Risk Management offering as designated by the Client;
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT effective for the period beginning March 1, 2020, as applicable, to any Funds requiring the Full Service Liquidity Risk Management offering as designated by the Client;
v. Prepare and file Form N-LIQUID as required.
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(lk) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(ml) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 2 contracts
Samples: Services Agreement (Strategy Shares), Services Agreement (Strategy Shares)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019.
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(ij) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(jk) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(kl) Monitor wash sales annually.
(lm) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns
(mn) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 2 contracts
Samples: Services Agreement (Boston Trust Walden Funds), Services Agreement (Boston Trust & Walden Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds’ non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT.
(i) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
(n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(p) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(q) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 2 contracts
Samples: Services Agreement (Allianz Variable Insurance Products Fund of Funds Trust), Services Agreement (Allianz Variable Insurance Products Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, Fund and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(g) Monitor and advise the Client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM), as applicable, to any Funds requiring the Full-Service Liquidity Risk Management offering as designated by the Client;
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT effective for the period beginning March 1, 2020, as applicable, to any Funds requiring the Full Service Liquidity Risk Management offering as designated by the Client;
v. Prepare and file Form N-LIQUID as required.
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(lk) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(ml) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Samples: Services Agreement (Strategy Shares)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019.
(hi) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production including making available personnel to respond and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.provide documents;
(j) Assist Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in the preparation and distribution of Trustee/Officer Questionnaires; assist strategic planning in the review of completed Questionnairesresponse thereto.
(k) Monitor wash sales annually.;
(l) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s 's preparation of the ClientFunds’ tax returns and coordinate filing of the Fund’s tax returns;
(m) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit;
(n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(p) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(q) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(r) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
(s) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s 's transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “"1940 Act”') rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, . provided that such compliance must be determinable by reference to the Fund’s 's accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund's established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund's 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fundFund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fundFund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds’ non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Fund’s dividend payables and dividend factors
d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen six (156) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s Fund ‘s accounting records.
g) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019.
h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder
i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(lk) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s preparation of the Client’s Funds’ tax returns
(ml) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit.
m) Report to the Board regarding amounts paid under Shareholder Service Agreements and maintain appropriate records in connection with services.
n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings; and
p) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
q) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Services Agreement (HSBC Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds’ non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT.
(hi) Rule 18f-4 Support for Funds relying on “Limited Derivatives User” Exemption (Lite)
i. Daily monitoring and reporting of derivative exposure levels
ii. Monthly exposure calculation reporting on Form N-PORT (Item B.9)
(j) Rule 18f-4 Support for Non-Exempt Funds (Standard)
i. Daily value at risk (VaR) calculations and reporting
ii. Monthly VaR reporting on Form N-PORT (Item B.10)
iii. VaR stress testing and back testing
iv. Form N-RN filing coordination, ad hoc, as directed by the client
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations, including making available personnel to respond and to provide documents;
(l) Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in strategic planning in response thereto.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s preparation of the ClientFunds’ tax returns and coordinate filing of the Fund’s tax returns;
(mo) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit;
(p) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(q) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(r) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(s) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(t) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
(u) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N-PORT.
(hi) Rule 18f-4 Support for Funds relying on “Limited Derivatives User” Exemption (Lite)
i. Daily monitoring and reporting of derivative exposure levels
ii. Monthly exposure calculation reporting on Form N-PORT (Item B.9)
(j) Rule 18f-4 Support for Non-Exempt Funds (Standard)
i. Daily value at risk (VaR) calculations and reporting
ii. Monthly VaR reporting on Form N-PORT (Item B.10)
iii. VaR stress testing and back testing
iv. Form N-RN filing coordination, ad hoc, as directed by the client
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations, including making available personnel to respond and to provide documents;
(l) Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in strategic planning in response thereto.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s 's preparation of the ClientFunds’ tax returns and coordinate filing of the Fund’s tax returns;
(mo) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit;
(p) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(q) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(r) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(s) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(t) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
(u) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds’ non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(g) Monitor and advise the Client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
iv. monthly liquidity classification of portfolio securities on Form N-PORT; and
v. Prepare and file Form N-LIQUID as required.
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed QuestionnairesMonitor wash sales annually.
(k) Monitor wash sales annuallyReview calculation of declaration of income/capital gain distributions to ensure compliance with income/excise tax distribution requirements.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns including feral and state income tax returns as well as federal excise returns.
(m) Prepare/distribute year-end shareholder tax letters and Forms 1099-MISC within 30 days of year-end.
(n) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Samples: Services Agreement (Emles Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fundFund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(i) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fundFund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.
(ln) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns
(mo) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds' non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide provide
(h) compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s Fund 's accounting records.
(hi) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019.
(j) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(kl) Monitor wash sales annually.
(lm) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s tax returns.
(mn) Coordinate with independent auditors concerning the Client’s 's regular annual audit.
(o) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(p) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(q) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(r) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 1 contract
Samples: Services Agreement (Allianz Variable Insurance Products Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds’ non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT.
(i) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
(n) Upon the Client’s request, the Service Provider will assist the Client with the following:
(a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(p) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(q) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 1 contract
Samples: Service Agreement (Allianz Variable Insurance Products Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset-based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.accrued expenses;
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e- 4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N- PORT.
(hi) Rule 18f-4 Support for Funds relying on “Limited Derivatives User” Exemption (Lite)
i. Daily monitoring and reporting of derivative exposure levels
ii. Monthly exposure calculation reporting on Form N-PORT (Item B.9)
(j) Rule 18f-4 Support for Non-Exempt Funds (Standard)
i. Daily value at risk (VaR) calculations and reporting
ii. Monthly VaR reporting on Form N-PORT (Item B.10)
iii. VaR stress testing and back testing
iv. Form N-RN filing coordination, ad hoc, as directed by the client
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations, including making available personnel to respond and to provide documents;
(l) Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in strategic planning in response thereto.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s 's preparation of the ClientFunds’ tax returns and coordinate filing of the Fund’s tax returns;
(mo) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit;
(p) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(q) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(r) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(s) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(t) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
(u) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.;
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.;
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.;
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.;
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.;
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.;
(h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.;
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.;
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.;
(k) Monitor wash sales annually.;
(lI) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns;
(m) Coordinate with independent auditors concerning the Client’s regular annual audit;
(n) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR; and
(o) Provide a sub-certification pertaining to Service Provider’s Administration services consistent with the requirements of the Xxxxxxxx-Xxxxx Act of 2002.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fundFund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fundFund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds' non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s Fund 's accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019.
(i) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s 's regular annual audit.
(n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(p) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(q) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 1 contract
Samples: Services Agreement (Allianz Variable Insurance Products Fund of Funds Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds’ non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Fund’s dividend payables and dividend factors
(d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen six (156) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(g) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder
(h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(lj) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s preparation of the Client’s Funds’ tax returns
(mk) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit.
(l) Report to the Board regarding amounts paid under Shareholder Service Agreements and maintain appropriate records in connection with services.
(m) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(n) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings; and
(o) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(p) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-NEC and 1096, as applicable. Disbursements shall be subject to review and approval of by an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset-based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.accrued expenses;
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N- PORT.
(hi) Rule 18f-4 Support for Funds relying on “Limited Derivatives User” Exemption (Lite)
i. Daily monitoring and reporting of derivative exposure levels
ii. Monthly exposure calculation reporting on Form N-PORT (Item B.9)
(j) Rule 18f-4 Support for Non-Exempt Funds (Standard)
i. Daily value at risk (VaR) calculations and reporting
ii. Monthly VaR reporting on Form N-PORT (Item B.10)
iii. VaR stress testing and back testing
iv. Form N-RN filing coordination, ad hoc, as directed by the client
(k) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations, including making available personnel to respond and to provide documents;
(l) Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in strategic planning in response thereto.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s auditors’ preparation of the Client’s Funds’ tax returns and coordinate filing of the Funds’ tax returns;
(mo) Coordinate with independent auditors concerning the Funds’ regular annual report audit;
(p) Upon the Client’s regular request, the Service Provider will assist the Client with the following: (a) semi-annual auditreviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(q) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(r) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(s) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(t) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds’ non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(g) Monitor and advise the Client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM) as applicable, to any Funds requiring the Full Service Liquidity Risk Management offering as designated by the Client;
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
iv. monthly liquidity classification of portfolio securities on Form N-PORT, as applicable, to any Funds requiring the Full Service Liquidity Risk Management offering as designated by the Client; and
v. Prepare and file Form N-LIQUID as required.
(i) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed QuestionnairesMonitor wash sales annually.
(k) Monitor wash sales annuallyReview calculation of declaration of income/capital gain distributions to ensure compliance with income/excise tax distribution requirements.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns including feral and state income tax returns as well as federal excise returns.
(m) Prepare/distribute year-end shareholder tax letters and Forms 1099-MISC within 30 days of year-end.
(n) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Samples: Services Agreement (Emles Trust)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person that is specifically designated on the list of Authorized Persons approved by the Board for particular functions and shall be made only out of the assets of the applicable Fund.
(b) At Prepare an annual projection of the request of, and subject Funds' non-asset based expense accruals prior to the review beginning of each fiscal year of each Fund and approval by the Client monitor actual and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Fundsaccrued expenses.
(c) Assist Compute, as appropriate, each Fund’s dividend payables and dividend factors;
(d) Coordinate and assist the Client’s Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.Shareholders;
(de) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund to monitor compliance with the 1940 Act and other relevant regulations, each Fund’s investment objective, policies, restrictions, tax diversification, distribution and income requirements and provide daily and periodic compliance monitoring services with respect to such procedures and as reasonably requested by the Client;
(g) Monitor and advise the Client and the Funds on the Funds’ regulated investment company status under the Internal Revenue Code of 1986, provided that as amended, and the regulations promulgated thereunder. In connection with the foregoing, prepare and send quarterly reminder letters related to such status, and prepare quarterly compliance must be determinable checklist for use by reference to investment advisers, if requested;
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
i. daily liquidity classifications of portfolio securities held by the Fund;
ii. daily monitoring of compliance with the Fund’s accounting recordsestablished Highly Liquid Investment Minimum (HLIM);
iii. daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
iv. monthly liquidity classification of portfolio securities on Form N- PORT.
(hi) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production including making available personnel to respond and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.provide documents;
(j) Assist Provide assistance and guidance to the Client with respect to matters governed by or related to regulatory requirements and developments including: monitoring regulatory and legislative developments which may affect the Funds and assisting in the preparation and distribution of Trustee/Officer Questionnaires; assist strategic planning in the review of completed Questionnairesresponse thereto.
(k) Monitor wash sales annually.;
(l) Prepare informational schedules for use by the Client’s Funds’ auditors in connection with such auditor’s 's preparation of the ClientFunds’ tax returns and coordinate filing of the Fund’s tax returns;
(m) Coordinate with independent auditors concerning the Client’s Funds’ regular annual audit;
(n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout and printing of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the annual Registration Statement update on Form N-1A, including, but not limited to, providing the required financial information for the filings; and
(p) Provide support for new fund development and filings, including pro forma expense projections as well as any financial information for the initial registration statement filing.
(q) Assist with the design, development, and operation of the Funds, including new classes, investment objectives, policies and structure, and provide consultation related to legal and regulatory aspects of the establishment, maintenance, and liquidation or dissolution of Funds.
(r) Prepare quarterly brokerage allocation compliance checklist and supporting documentation for use by investment advisors, as requested.
(s) Subject to other terms and conditions of this Services Schedule and Agreement make available appropriate individuals to serve as officers of the Funds, upon designation as such by the Board, to serve in ministerial capacities related to the services provided by Citi as determined by the Board, or as PFO of the Funds, upon designation as such by the Board subject to the provisions of this Agreement and the Citi policies referred to in this Agreement.
Appears in 1 contract
Samples: Sub Administration Services Agreement (Cavanal Hill Funds)
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.;
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.;
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.;
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.;
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.;
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s 's accounting records;
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(hi) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.;
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.;
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.;
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s 's auditors in connection with such auditor’s 's preparation of the Client’s 's tax returns;
(mo) Coordinate with independent auditors concerning the Client’s 's regular annual audit;
(p) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR; and
(q) Provide a sub-certification pertaining to Service Provider's Administration services consistent with the requirements of the Sxxxxxxx-Xxxxx Act of 2002.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fundFund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(i) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective March 1, 2020;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fundFund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(km) Monitor wash sales annually.
(ln) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns
(mo) Coordinate with independent auditors concerning the Client’s regular annual audit.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
(n) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR and N-Q filings.
(o) Provide a sub-certification pertaining to Service Provider’s Administration services consistent with the requirements of the Xxxxxxxx-Xxxxx Act of 2002
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.;
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.;
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.;
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.;
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.;
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records;
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(hi) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.;
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.;
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.;
(k) Monitor wash sales annually.;
(lI) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns;
(m) Coordinate with independent auditors concerning the Client’s regular annual audit;
(n) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR; and
(o) Provide a sub-certification pertaining to Service Provider’s Administration services consistent with the requirements of the Xxxxxxxx-Xxxxx Act of 2002.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements for the Funds, including trustee and vendor fees and compensation. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.;
(b) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.;
(c) Assist the Client’s transfer agent Assistance, as appropriate with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.;
(d) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.;
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.;
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.;
(g) Assist the Client in developing appropriate portfolio compliance procedures for each Fund, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records;
(h) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(hi) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum;
(iv) monthly liquidity classification of portfolio securities on Form N-PORT effective June 1, 2019;
(v) prepare and file Form N-LIQUID as required.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.;
(ik) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.;
(jl) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.;
(km) Monitor wash sales annually.;
(ln) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns;
(mo) Coordinate with independent auditors concerning the Client’s regular annual audit;
(p) Provide the assurance binder on a quarterly basis just prior to the quarterly N-CSR; and
(q) Provide a sub-certification pertaining to Service Provider’s Administration services consistent with the requirements of the Xxxxxxxx-Xxxxx Act of 2002.
Appears in 1 contract
Certain Operational Matters. (a) Calculate contractual Fund expenses and make disbursements disbursen1ents for the Funds, including trustee and vendor fees and compensationcompensation and annual reporting of such on IRS Forms 1099-MISC and 1096, as applicable. Disbursements shall be subject to review and approval of an Authorized Person and shall be made only out of the assets of the applicable Fund.
(b) Prepare an annual projection of the Funds’ non-asset based expense accruals prior to the beginning of each fiscal year of each Fund and monitor actual and accrued expenses.
(c) Compute, as appropriate, each Funds’ dividend payables and dividend factors.
(d) Assist the Funds’ transfer agent with respect to the payment of dividends and other distributions to Shareholders.
(e) At the request of, and subject to the review and approval by the Client and Fund Counsel, prepare drafts of fund-related plans, policies and procedures or amendment thereto for existing Funds.
(c) Assist the Client’s transfer agent with respect to the payment of dividends and other distributions to Shareholders that have been approved by the Client.
(df) Calculate performance data of the Funds for dissemination to (i) the Client, including the Board, (ii) up to fifteen (15) information services covering the investment company industry and (iii) other parties, as requested by the Client and agreed to by Service Provider.
(e) Assist the Client in obtaining and maintaining fidelity bonds and directors and officers/errors and omissions insurance policies for the Client in accordance with applicable Investment Company Act of 1940, as amended (the “1940 Act”) rules and file such fidelity bonds and any applicable, related notices with the SEC.
(f) Maintain corporate records on behalf of the Client, including minute books, and the Charter/Declaration of Trust of the Client and By-Laws of the Client.
(g) Assist the Client in developing appropriate portfolio compliance procedures for each FundFund to monitor compliance with the 1940 Act and other relevant regulations, and provide compliance monitoring services with respect to such procedures as reasonably requested by the Client, provided that such compliance must be determinable by reference to the Fund’s accounting records.
(h) Assist the Client with portfolio compliance monitoring in accordance with Rule 22e-4(b) including:
(i) daily liquidity classifications of portfolio securities held by the Fund;
(ii) daily monitoring of compliance with the Fund’s established Highly Liquid Investment Minimum (HLIM);
(iii) daily monitoring of compliance with the Fund’s 15% illiquid holdings maximum; and
(iv) monthly liquidity classification of portfolio securities on Form N-PORT.
(i) Monitor and advise the client and the Funds on their regulated investment company status under the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
(j) Assist the Client and Fund Counsel in responding to routine regulatory examinations or investigations.
(i) Assist the Client with Board meetings by (i) coordinating Board book preparation, production and distribution, (ii) subject to review and approval by the Client and Fund Counsel, preparing Board agendas, resolutions and minutes, (iii) assisting the Board by gathering industry and Fund information related to annual contract renewals and approval of fund-related plans, policies and procedures, (iv) attending Board meetings and recording the minutes and (v) performing such other Board meeting functions as agreed from time to time.
(j) Assist in the preparation and distribution of Trustee/Officer Questionnaires; assist in the review of completed Questionnaires.
(k) Monitor wash sales annually.
(l) Prepare informational schedules for use by the Client’s auditors in connection with such auditor’s preparation of the Client’s tax returns.
(m) Coordinate with independent auditors concerning the Client’s regular annual audit.
(n) Upon the Client’s request, the Service Provider will assist the Client with the following: (a) semi-annual reviews of financial reports, (b) revisions to policies, procedures and code of ethics, (c) preparation of responses for regulatory examinations and inquiries, and (d) layout of print of prospectuses and semi-annual and annual reports to Shareholders.
(o) Provide support for the Annual Prospectus Update, including, but not limited to, providing the required financial information for the filings.
(p) Provide support for new fund development and filings, including pro forma expense projects as well as any financial information for the initial registration statement filing.
(q) Perform comparative analysis of Client Fund audit expenses incurred to audit expenses incurred by similar 3rd party fund products as reasonably requested by the Client including the Board.
Appears in 1 contract
Samples: Service Agreement (Allianz Variable Insurance Products Fund of Funds Trust)
