Common use of Services and Duties of Fund Services Clause in Contracts

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office or in an affiliate’s office). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office Services’, or in an affiliate’s, or Fund’s officeown offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office USBFS’, or in an affiliate’s, or Fund’s officeown offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a each Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Consult Fund management before selecting a Principal Financial Officer for the Trust (3) Supply: a. Office facilities (which may be in a Fund Services office Services’, or in an affiliate’s, or Fund’s officeown offices). b. Non-investment-related statistical and research data as requested. (34) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees” or the “Board”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings. (5) Assist in developing policies, guidelines and procedures relating to Trust’s operations and compliance.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviserthe adviser, Subsub-Adviseradviser, authorized participants, external legal counsel, distributor, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office USBFS’, or in an affiliate’s, or Fund’s officeown offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Corporate secretarial services b. Office facilities (which may be in a Fund Services office USBFS’, or in an affiliate’s, or Fund’s officeown offices). b. c. Non-investment-related statistical and research data as requested. (3) Coordinate Provide services to the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications), such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings. h. Prepare and maintain checklist of actions to be taken by the Board throughout the year.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviseradviser, Subsub-Adviseradviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office or in an affiliate’s office). b. Non-investment-related statistical and research data as requested. (3) Coordinate the TrustCompany’s board of trusteesdirectors’ (the “Board of TrusteesDirectors” or the “TrusteesDirectors”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser adviser in-house counsel. b. Prepare reports for the Board of Trustees Directors based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees Directors and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees Directors meetings and present materials for TrusteesDirectors’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a the Trust and each Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office or in an affiliate’s office). b. Non-investment-related statistical and research data as requested.. Execution Version (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare Assist with the preparation of meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counsel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.

Services and Duties of Fund Services. Fund Services shall provide the following administration services to a each Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not exclusive to Adviser, Sub-Adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Office facilities (which may be in a Fund Services office Services’, or in an affiliate’s office’s, own offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Trust’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel and Adviser in-house counselcounsel or other personnel. b. Prepare reports for the Board of Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor. d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto. e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.