Common use of Portfolio Accounting Clause in Contracts

Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Funds’ investment adviser. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents 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. (4) Calculate the Management Fee (as that term is defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the Funds. (7) For each valuation date, determine the net asset value of the Funds according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds as requested on an ongoing basis, including security transactions listings and portfolio valuations.

Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Funds’ investment adviserAdviser. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents and identify them as short-term or long-term; account for periodic distributions of gains or losses to Shareholders Unitholders and maintain undistributed gain or loss balances as of each valuation date. (4) Calculate the Management Fee (as that term is defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the Funds. (7) For each valuation date, determine the net asset value of the Funds according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds as requested on an ongoing basis, including security transactions listings and portfolio valuations.

Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Funds’ investment adviser... (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents 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. (4) Calculate the Management Fee (as that term is defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the Funds. (7) For each valuation date, determine the net asset value of the Funds according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds as requested on an ongoing basis, including security transactions listings and portfolio valuations.

Portfolio Accounting. (1) Maintain portfolio records on a trade date basis using security trade information communicated from the Funds’ investment adviserManager. (2) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (3) Determine gain/loss on security sales in accordance with the Governing Documents and identify them as short-term or long-term; account for periodic distributions of gains or losses to Shareholders Unitholders of the Fund and maintain undistributed gain or loss balances as of each valuation date. (4) Calculate the Management Fee (as that term is defined in the Governing Documents), and monitor for compliance with the expense limitation arrangement as set forth in the Governing Documents. (5) For each valuation date, calculate the expense accrual amounts in accordance with the Governing Documents or otherwise as directed by the Funds Fund as to methodology, rate or dollar amount. (6) Process and record payments for expenses upon receipt of written authorization from the FundsFund. (7) For each valuation date, determine the net asset value of the Funds Fund according to the accounting policies and procedures set forth in the Governing Documents. (8) Reconcile cash and investment balances of the Funds’ Fund’s custodian. (9) Prepare monthly reports which document the adequacy of the accounting detail to support month-end ledger balances. (10) Prepare and provide various statistical data relating to the Funds Fund as requested on an ongoing basis, including security transactions listings and portfolio valuations.