Common use of Portfolio Accounting Services Clause in Contracts

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust Fund (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securitiessecurities and such fair values shall be provided to USBFS and USBFS shall apply those fair values to the relevant portfolio positions. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with each of the Fund’s custodiancustodians. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices and currency exchange rates from a pricing source sources approved by the board of trustees of the each Trust (the “Board of Trustees”) and apply those prices to calculate the portfolio positionsmarket value of each Fund’s investments in accordance with the Fund’s valuation policies or guidelines. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity investment balances of the Fund with the Fund’s custodiancustodian and provide the Fund’s investment adviser with the beginning cash balance available for investment purposes upon request. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices and currency exchange rates from a pricing source sources approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to calculate the portfolio positionsmarket value of each Fund’s investments in accordance with the Fund’s valuation policies or guidelines. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviseradviser or otherwise made available to USBFS by the Funds other service providers. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date (with “valuation date” meaning the time at which a Fund’s net asset value is determined), obtain prices from a pricing source approved by the board of trustees directors of the Trust Company (the “Board of TrusteesDirectors”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees Directors shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with the Fund’s custodian. (6) As necessary, reconcile holdings and positions of the Fund with the Fund’s custodian. (7) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) 8) Review the impact of current day’s activity on a per share basis, and review changes in market value.

Portfolio Accounting Services. (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date (with “valuation date” meaning the time at which a Fund’s net asset value is determined), obtain prices from a pricing source sources approved by the board of trustees directors of the Trust Company (the “Board of TrusteesDirectors”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, USBFS shall obtain such prices from the Trust’s investment adviser or its designee, determined in accordance with procedures approved by the Board of Trustees Directors shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, verify and reconcile cash and trade activity of the Fund with the Fund’s custodian. (6) As necessary, reconcile holdings and positions of the Fund with the Fund’s custodian. (7) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) 8) Review the impact of current day’s activity on a per share basis, and review changes in market value.