Common use of FUND AND PORTFOLIO ACCOUNTING Clause in Contracts

FUND AND PORTFOLIO ACCOUNTING. a. Maintenance of Fund General Ledger and Journal. b. Preparing and recording disbursements for direct Fund expenses. c. Preparing daily money transfers. d. Reconciliation of all Fund bank and custodian accounts. e. Assisting Fund independent auditors as appropriate. f. Prepare daily projection of available cash balances. g. Record trading activity for purposes of determining net asset values and daily dividend. h. Prepare daily portfolio evaluation report to value portfolio securities and determine daily accrued income. i. Determine the daily net asset value per share. j. Determine the daily, monthly, quarterly, semiannual or annual dividend per share. k. Prepare monthly, quarterly, semiannual and annual financial statements. l. Provide financial information for reports to the Securities and Exchange Commission in compliance with the provisions of the Investment Company Act of 1940 and the Securities Act of 1933, the Internal Revenue Service and any other regulatory agencies as required. m. Provide financial, yield, net asset value, etc. information to NASD and other survey and statistical agencies as instructed by the Fund. n. Reports to the Audit Committee of the Board of Directors, if applicable.

FUND AND PORTFOLIO ACCOUNTING. a. Maintenance of Fund Fund, General Ledger and Journal. b. Preparing and recording disbursements for direct Fund expenses. c. Preparing daily money transfers. d. Reconciliation of all Fund bank and custodian accounts. e. Assisting Fund independent auditors as appropriate. f. Prepare daily projection of available cash balances. g. Record trading activity for purposes of determining net asset values and daily dividend. h. Prepare daily portfolio evaluation report to value portfolio securities and determine daily accrued income. i. Determine the daily net asset value per share. j. Determine the daily, monthly, quarterly, semiannual or annual dividend per share. k. Prepare monthly, quarterly, semiannual and annual financial statements. l. Provide financial information for reports to the Securities and Exchange Commission in compliance with the provisions of the Investment Company Act of 1940 and the Securities Act of 1933, the Internal Revenue Service and any other regulatory agencies as required. m. Provide financial, yield, net asset value, etc. information to NASD and other survey and statistical agencies as instructed by the Fund. n. Reports to the Audit Committee of the Board of Directors, if applicable.