Common use of Fund Accounting Services Clause in Contracts

Fund Accounting Services. Asset setup, pricing and validation · Trade processing, capture, verification and validation · Investment income – such as interest income, discount accretion and premium amortization, tax accruals, tax reclaims, book v/s tax income recognition, aged income and research · Corporate actions and dividends sourcing, recording (such as class actions) and analysis · Month-end closing functions · Tax Efficient Lot Selection (iTels); · In-kind transitions – subscription and redemptions · Record general ledger entries, including expenses; · Calculate daily income; · Reconciliations - Daily activity to the trial balance; - Cash reconciliation – accounting to custody - Asset reconciliation – accounting to custody - Position, cost and market value reconciliation - Total net assets reconciliation - Profit and loss analytics · Calculate net asset value and dissemination; · Create trial balances, including summary of assets, liabilities, income, expense and capital accounts; · Transmit net asset value per share of each Fund to the Transfer Agent, the Distributor, the NYSE, NASDAQ and such other entities as directed in writing by the Trust; · On each day a Fund is open for the purchase or redemption of Fund interests, compute the number of Fund interests of each Deposit Security to be included in the current Fund Deposit (as defined in the Prospectus) and the Fund Securities and transmit such information to the NSCC. The Trust shall provide timely prior notice to the Administrator of any modification in the manner in which the calculations set forth above are to be performed as prescribed in any revision to the Trust's governing documents. The Administrator may rely upon the information it receives from the Trust or any authorized third party. The Administrator shall have no responsibility to confirm or otherwise verify the accuracy or completeness of any data supplied to it by or on behalf of the Trust.