Investment Accounting and Securities Processing a. Maintain daily portfolio records for each Fund, using security information provided by the Investment Adviser or sub-adviser(s);
Investment Accounting and Securities Processing. Verify trade activity from advisor/sub-advisor's. - Maintain ledgers and tax lots far investments securities. - Obtain security market quotes in accordance with pricing procedures and calculate the market value of each portfolios investments transmit daily portfolio valuation to the advisor and sub-advisors. - Process corporate action activity. - Calculate investment income. - Provide trade journals, income by security, tax lot information and security pricing history. - Calculate capital gains and losses. - Journalize investment, capital stock, income, and expense activity. - Reconcile fund share and activity to transfer agency records. - Calculate contractual expenses. - Record daily expense accruals. - Calculate net income. - Monitor aged income and reclaim receivable balances. - Compute NAV and daily dividends in accordance with fund procedures. - Calculate daily distributions of income and related factors (mil rates). - Disseminate NAV and related data to fund transfer agent, NASDAQ and to statistical reporting agencies. - Calculate dollar weighted average maturity. - Provide statistical surveys. The Sub-Administrator will provide the Trust with a detailed schedule listing the compliance tests being run by the Sub-Administrator and will promptly notify the Trust of any potential compliance warnings or violations that result from the compliance testing.
