Common use of Fund Accounting and Financial Reporting Services Clause in Contracts

Fund Accounting and Financial Reporting Services. (1) Perform Fund accounting services which include, but are not limited to, daily NAV calculations and, where applicable, daily distribution calculations and disseminations. (2) Perform the functions of a mutual fund’s chief financial officer and treasurer. (3) Perform financial reporting functions, including reports to the Board of Directors/Trustees and preparation of financial statements. (4) Perform Fund budgeting and accounts payable functions. (5) Calculate, or oversee the calculation of, the amount of assets of each applicable Fund that are required to be segregated pursuant to Section 18(f)(1) of the 1940 Act and applicable SEC guidance and interpretations thereof. (6) Ensure that payments made by a Fund pursuant to a plan of distribution adopted pursuant to Rule 12b-1 under the 1940 Act are accurate and in accordance with such plan.