Common use of Financial and Management Reporting Clause in Contracts

Financial and Management Reporting. A. Income and Expenses 1. Expense figures calculated and accrual levels set 2. Monitoring of expenses, accruals monthly 3. Approve and coordinate payment of expenses 4. Projection of income and expenses (with regards to B(2)) - ex-date will determine if projection will apply 5. Calculation of advisory fee, 12b-1 fee 6. Calculation of average net assets B. Distributions to Shareholders 1. Calculations of dividends and capital gain distributions (in conjunction with the Fund and their auditors) a. compliance with income tax provisions b. compliance with excise tax provisions c. compliance with Investment Company Act of 1940 C. Financial Reporting 1. Liaison between Fund management, independent auditors and printers for shareholder reports 2. Preparation of semi-annual and annual reports to shareholders 3. 60-day delivery to SEC and shareholders 4. Preparation of semi-annual and annual NSAR's (financial data) D. Subchapter M Compliance (monthly) 1. Asset diversification test 2. Short/short test 3.

Financial and Management Reporting. A. Income and Expenses Expenses 1. Expense figures calculated and accrual levels set 2. Monitoring of expenses, accruals monthly 3. Approve and coordinate payment of expenses 4. Projection of income and expenses (with regards to B(2)) - ex-date will determine if projection will apply 5. Calculation of advisory fee, 12b-1 fee 6. Calculation of average net assets B. Distributions to Shareholders Shareholders 1. Calculations of dividends and capital gain distributions (in conjunction with the Fund and their auditors) a. compliance with income tax provisions b. compliance with excise tax provisions c. compliance with Investment Company Act of 1940 C. Financial Reporting Reporting 1. Liaison between Fund management, independent auditors and printers for shareholder reports 2. Preparation of semi-annual and annual reports to shareholders 3. 60-day delivery to SEC and shareholders 4. Preparation of semi-annual and annual NSAR's (financial data) D. Subchapter M Compliance (monthly) ) 1. Asset diversification test 2. Short/short test 3.