Portfolio Securities Transactions. Based on information that is provided to Mellon by the Fund, its investment adviser, and the Fund’s Authorized Persons, Mellon will perform the following functions:
1. Maintain records of investment, capital share, and income and expense activities for each Portfolio by: (i) recording purchases and sales of investments; (ii) recording corporate actions and capital changes relating to investments; (iii) accruing interest, dividends and expenses on investments; and (iv) maintaining the historical tax lots and income history for investments.
Portfolio Securities Transactions. Based on information that is provided to BNYM by the Fund, its investment adviser, and the Fund’s Authorized Persons, BNYM will perform the following functions:
1. Maintain records of investment, capital share, and income and expense activities for each Portfolio by: (i) recording purchases and sales of investments; (ii) recording corporate actions and capital changes relating to investments; (iii) accruing interest, dividends and expenses on investments; and (iv) maintaining the historical tax lots and income history for investments.
2. Notify, as directed, the applicable investment adviser (or, if applicable, sub-adviser) with respect to mandatory and voluntary corporate actions. The Fund's elections (on actions where elections and options exist) on voluntary corporate actions must be communicated to BNYM by one of the Fund's Authorized Persons on the deadline date stated on the corporate actions notice, allowing a reasonable amount of time before the stated deadline for BNYM to input the election on the fund accounting system and notify the custodian (as applicable). BNYM will use commercially reasonable efforts to respond on behalf of the Fund if a response is received by BNYM after the deadline date.
3. Book corporate action activity upon timely receipt of information and Instructions from one of the Fund’s Authorized Persons.
4. Receive, update and process daily trade files from the Fund investment adviser’s order management system.
5. Based on Instructions from one of the Fund’s Authorized Persons or the Fund Treasurer/Principal Financial Officer, implement tax lot relief methodology.
Portfolio Securities Transactions. The Adviser, subject to and in accordance with any directions that the Company's Board may issue from time to time, shall place orders for the execution of the Company's securities transactions. When placing orders, the Adviser shall seek to obtain the best net price and execution ("best execution") for the Company, but this requirement shall not be deemed to obligate the Adviser to place any order solely on the basis of obtaining the lowest commission rate if the other standards set forth in this section have been satisfied. The Parties recognize that there are likely to be many cases in which different brokers are equally able to provide best execution and that, in selecting among such brokers with respect to particular trades, it may be desirable to choose those brokers who furnish research, statistical, quotations and other information to the Company, as well as the Adviser, in accordance with the standards set forth below. Moreover, to the extent that it continues to be lawful to do so and so long as the Board determines that the Company will benefit, directly or indirectly, by doing so, the Adviser may place orders with a broker who charges a commission for a securities transaction which is in excess of the amount of commission that another broker would have charged for effecting that transaction, provided that the excess commission is reasonable in relation to the value of "brokerage and research services" (as defined in Section 28(e)(3) of the Securities Exchange Act of 1934) provided by that broker. Accordingly, the Company and the Adviser agree that the Adviser shall select brokers for the execution of the Company's transactions from among:
(i) those brokers and dealers who provide quotations and other services to the Company, specifically including the quotations necessary to determine the aggregate assets of the Company, in such amount of total brokerage as may reasonably be required in light of such services; and
(ii) those brokers and dealers who supply research, statistical and other data to the Adviser or its affiliates, which the Adviser or its affiliates may lawfully and appropriately use in their investment advisory capacities, which relate directly to securities, actual or potential, of the Company, or which place the Adviser in a better position to make decisions in connection with the management of the Company's assets, whether or not such data may also be useful to the Adviser and its affiliates in managing other portfolios or advisi...
Portfolio Securities Transactions. Based on information that is provided to Mellon by the Fund, its investment adviser, and the Fund's Authorized Persons, Mellon will perform the following functions:
1. Maintain records of investment, capital share, and income and expense activities for each Portfolio by: (i) recording purchases and sales of investments; (ii) recording corporate actions and capital changes relating to investments; (iii) accruing interest, dividends and expenses on investments; and (iv) maintaining the historical tax lots and income history for investments.
2. In instances where Mellon is the custodian of the affected portfolio securities, notify, as directed, the applicable investment adviser (or, if applicable, sub-adviser) with respect to mandatory and voluntary corporate actions. The Fund's elections (on actions where elections and options exist) on voluntary corporate actions must be communicated to Mellon by one of the Fund's Authorized Persons on the deadline date stated on the corporate actions notice, allowing a reasonable amount of time before the stated deadline for Mellon to input the election on the fund accounting system and notify the custodian (as applicable). Mellon will use commercially reasonable efforts to respond on behalf of the Fund if a response is received by Mellon after the deadline date.
3. In instances where Mellon is not the custodian of the affected portfolio securities, Mellon will notify, as directed, the applicable investment adviser (or, if applicable, sub-adviser) with respect to mandatory and voluntary corporate actions upon Mellon's receipt of the corporate action information. In addition, where Mellon receives mandatory and voluntary corporate action information in its capacity as portfolio accountant for other clients on the same accounting platform, Mellon agrees to use commercially reasonable efforts to identify actions applicable to the Fund's portfolio securities. However, Mellon assumes no liability for failing to identify and provide notice of such actions with respect to a portfolio security when Mellon does not separately receive notice from the custodian for such portfolio of securities. The Fund's elections (on actions where elections and options exist) on voluntary corporate actions must be communicated to Mellon by one of the Fund's Authorized Persons on a date established by Mellon sufficiently in advance of the deadline date stated on the custodian's corporate actions notice to permit Mellon to input the election on the f...
Portfolio Securities Transactions. Based on information that is provided to BNYM by the Fund, its investment adviser, and the Fund's Authorized Persons, BNYM will perform the following functions:
1. Maintain records of investment, capital share, and income and expense activities for each Portfolio by: (i) recording purchases and sales of investments; (ii) recording corporate actions and capital changes relating to investments; (iii) accruing interest, dividends and LINCOLN ADVISORS TRUST expenses on investments; and (iv) maintaining the historical tax lots and income history for investments.
2. In instances where BNYM is the custodian of the affected portfolio securities, notify, as directed, the applicable investment adviser (or, if applicable, sub-adviser) with respect to mandatory and voluntary corporate actions. The Fund's elections (on actions where elections and options exist) on voluntary corporate actions must be communicated to BNYM by one of the Fund's Authorized Persons on the deadline date stated on the corporate actions notice, allowing a reasonable amount of time before the stated deadline for BNYM to input the election on the fund accounting system and notify the custodian (as applicable). BNYM will use commercially reasonable efforts to respond on behalf of the Fund if a response is received by BNYM after the deadline date.
3. In instances where BNYM is not the custodian of the affected portfolio securities, BNYM will notify, as directed, the applicable investment adviser (or, if applicable, sub-adviser) with respect to mandatory and voluntary corporate actions upon BNYM's receipt of the corporate action information. In addition, where BNYM receives mandatory and voluntary corporate action information in its capacity as portfolio accountant for other clients on the same accounting platform, BNYM agrees to use commercially reasonable efforts to identify actions applicable to the Fund's portfolio securities. However, BNYM assumes no liability for failing to identify and provide notice of such actions with respect to a portfolio security when BNYM does not separately receive notice from the custodian for such portfolio of securities. The Fund's elections (on actions where elections and options exist) on voluntary corporate actions must be communicated to BNYM by one of the Fund's Authorized Persons on a date established by BNYM sufficiently in advance of the deadline date stated on the custodian's corporate actions notice to permit BNYM to input the election on the fund account...
