Performance of Daily Accounting Services. In addition to the maintenance of the books and records specified above, Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
(i) Calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1(b)(ii) below;
(ii) Obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Trustees”);
(iii) Verify and reconcile with the Funds’ custodian all daily trade activity;
(iv) Compute, as appropriate, each Fund’s net income and capital gains, dividend payables, dividend factors, yields, and weighted average portfolio maturity;
(v) Review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and yields to NASDAQ and such other entities as directed by the Fund;
(vi) Determine unrealized appreciation and depreciation on securities held by the Funds;
(vii) Amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust;
(viii) Update fund accounting system to reflect rate changes, as received from a Fund’s investment adviser, on variable interest rate instruments;
(ix) Post Fund transactions to appropriate categories;
(x) Accrue expenses of each Fund;
(xi) Determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts;
(xii) Provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; and
(xiii) Provide such periodic reports as the parties shall reasonably agree upon.
Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;
1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”);
1.3. verify and reconcile with the Funds’ custodian cash and all daily activity;
1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity;
1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund;
1.6. determine unrealized appreciation and depreciation on securities held by the Funds;
1.7. accrue income of each Fund;
1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust;
1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments;
1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis;
1.11. calculate Fund expenses based on instructions from the Fund’s administrator;
1.12. accrue expenses of each Fund;
1.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts;
1.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies;
1.15. provide such periodic reports as agreed to by the parties;
1.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (...
Performance of Daily Accounting Services. Service Provider shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
1.1 calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;
Performance of Daily Accounting Services. MUIS shall perform the following accounting services for each Trust or Series (as applicable) on each day that the Trust or Series calculates the net asset values (“NAVs”):
1. Calculate the NAV per share in accordance with the Trust’s procedures by utilizing prices obtained from independent pricing services or from the Trust’s investment adviser or its designee, as applicable, and calculate amortized costs of securities when applicable, in accordance with applicable Trust procedures;
2. Reconcile all daily trade activity with the Trust or Series’ custodian, and conduct daily reconciliation of cash and portfolio transactions with accounts and records of the Trust (or Series, as applicable) and the custodian;
3. Create and maintain security masters as needed for Series positions;
4. Compute or review, as appropriate, the Trust or Series’ net income and capital gains, dividend payables, dividend factors, 7-day yields, 7-day effective yields, 30-day yields, and weighted average portfolio maturity;
5. Review daily the net asset value calculation and dividend factor (if any) for the Trust or Series prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute NAVs and yields to NASDAQ and twice daily to transfer agent;
6. Determine unrealized appreciation and depreciation on securities held by the Trust consistently with the valuation procedures the Trust or its designee adopted pursuant to Rule 2a-5 under the 1940 Act;
7. Amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust,Series or its designee;
8. Input updates into MUIS’s fund accounting system to reflect rate changes, as received from an independent pricing service or the Trust, on variable interest rate instruments;
9. Post Series’ transactions to appropriate Series’ accounts;
10. Calculate and accrue all necessary and appropriate expenses of the Trust or Series, including all contractual expenses of the Trust or Series that are provided to MUIS;
11. Record all disbursements for the Trust or Series;
12. Determine the outstanding receivables and payables for all (i) security trades, (ii) Trust share transactions and (iii) income and expense accounts and reconcile general ledger accounts to subsidiary ledgers;
13. Provide quarterly Board reporting and assist with annual or regulatory audits, each according to an agreed upon schedule, and assist in preparing...
Performance of Daily Accounting Services. Xxxxxxx shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;
1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, per the valuation policy approved by the Board;
1.3. verify and reconcile with the Funds’ custodian cash and all daily activity;
1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity;
1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund;
1.6. determine unrealized appreciation and depreciation on securities held by the Funds;
1.7. accrue income of each Fund;
1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust;
1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments;
1.10. record investment trades received in proper form from each Fund or its authorized agents on the industry standard T+1 basis;
1.11. calculate Fund expenses based on instructions from each Fund’s administrator;
Performance of Daily Accounting Services. In addition to the maintenance of the books and records specified above, Fund Accountant shall perform the following accounting services daily for each Fund: 2
(i) Calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1(b)(ii) below;
(ii) Obtain security prices from independent pricing services, as approved by the Trust's Board of Trustees, or if such quotes are unavailable, then obtain such prices from each Fund's designee, as approved by the Trust's Board of Trustees;
(iii) Compute, as appropriate, each Fund's net income and capital gains, dividend payables, dividend factors, 7-day yields, 7-day effective yields, 30-day yields, and weighted average portfolio maturity;
(iv) Review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and yields to NASDAQ;
(v) Post Fund transactions to appropriate categories;
(vi) Accrue expenses of each Fund according to instructions received from the Trust's Administrator;
(vii) Determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts;
(viii) Provide accounting reports in connection with the Trust's regular annual audit and other audits and examinations by regulatory agencies; and
(ix) Provide such periodic reports as the parties shall agree upon, as set forth in a separate schedule.
Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
1.1 calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;
Performance of Daily Accounting Services. In addition to the maintenance of the books and records specified above, CQFS shall perform the following accounting services daily for each Portfolio:
(i) Calculate the net asset value per share utilizing prices obtained from the sources described in subsection (ii) below; (ii) Obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Portfolio's investment adviser or its designee as approved by the Trust's Board of Trustees (hereafter referred to as " Trustees"); (iii)Verify and reconcile with the Portfolios' custodian all daily trade activity; (iv) Compute, as appropriate, each Portfolio's net income and capital gains, dividend payables, dividend factors, yields, and weighted average portfolio maturity;
Performance of Daily Accounting Services. In addition to the maintenance of the books and records specified above, BISYS shall perform the following accounting services daily for each Portfolio:
(i) Calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1(b)(ii) below;
Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information:
1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below;
1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”);
1.3. verify and reconcile with the Funds’ custodian cash and all daily activity;
1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity;
1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund;
1.6. determine unrealized appreciation and depreciation on securities held by the Funds;
