Common use of Expense Accounting Clause in Contracts

Expense Accounting. With respect to the Trust or each Fund, as applicable, Citibank shall: (a) Calculate, review and account for Fund expenses and report on Fund expenses on a periodic basis; (b) Subject to review and approval of an Executive Officer of the Trust or another Authorized Person as designated on a list of Authorized Persons approved by the Board, authorize the payment of Trust expenses and pay, from Trust assets, all bills of the Trust; (c) Prepare Fund budgets, pro-forma financial statements, expense and profit/loss projections, and fee waiver/expense reimbursement projections on a periodic basis; (d) Accrue expenses of each Fund according to this Agreement and submit changes to accruals and expense items to the Executive Officers for review and approval and make necessary and appropriate adjustments over such periods to reflect over-accruals and under-accruals of estimated expenses, or income; (e) Monitor, if applicable, each Fund's expense limitation and provide the Trust's Executive Officers and the Adviser to each Fund with a periodic report regarding compliance with expense limitation in effect; (f) Calculate and accrue fee waivers and expense reimbursements and invoice and collect expense reimbursements on behalf of the Trust; and (g) Prepare financial statement expense information. C-4 (Fund Administration) APPENDIX C - FUND ADMINISTRATION SERVICES

Expense Accounting. With respect to the Trust or each Fund, as applicable, Citibank Atlantic shall: (a) Calculate, review and account for Fund expenses and report on Fund expenses on a periodic basis; (b) Subject to review and approval of an Executive Officer of the Trust or another Authorized Person as designated on a list of Authorized Persons approved by the Board, authorize the payment of Trust expenses and pay, from Trust assets, all bills of the Trust; (c) Prepare Fund budgets, pro-forma financial statements, expense and profit/loss projections, and fee waiver/expense reimbursement projections on a periodic basis; (d) Accrue expenses of each Fund according to this Agreement and submit changes to accruals and expense items to the Executive Officers for review and approval and make necessary and appropriate adjustments over such periods to reflect over-accruals and under-accruals of estimated expenses, or income; (e) Monitor, if applicable, each Fund's expense limitation and provide the Trust's Executive Officers and the Adviser to each Fund with a periodic report regarding compliance with expense limitation in effect; (f) Calculate and accrue fee waivers and expense reimbursements and invoice and collect expense reimbursements on behalf of the Trust; and (g) Prepare financial statement expense information. C-4 (Fund Administration) APPENDIX C - FUND ADMINISTRATION SERVICES.