Common use of Services and Duties of USBFS Clause in Contracts

Services and Duties of USBFS. USBFS shall provide the following administration services to each Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Company’s board of directors’ and committees’ (the “Board of Directors” or the “Directors”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel. b. Prepare reports for the Board of 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 Directors and Fund shareholders. f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Directors meetings and present materials for Director’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration services to each Fund: A. General Fund Management: (1) Act as liaison among Fund the Funds’ service providers, including but not limited to the 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 USBFS’, or an affiliate’s, or Funds’ own offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the Company’s board Trusts’ board(s) of directors’ and committees’ trustees (the “Board Board(s) of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund Funds’ counsel. b. Prepare reports for the Board Board(s) of Directors 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 Board(s) of Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board Board(s) of Directors Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board Board(s) of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following sub-administration services as may be authorized and directed by the Company from time to each Fundtime: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the CompanyTrust’s board of directors’ and committeestrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund Trust counsel. b. Prepare reports for the Board of Directors Trustees and the Company 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 Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Directors Company and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration services to each Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the adviser, sub-adviser, authorized participants, external legal counsel, accounting and audit firms and external compliance consultants. (2) Supply: a. Trust secretarial and administrative services. b. Office facilities (which may be in USBFS’, or an affiliate’s, or the Trust’s own offices). b. c. Non-investment-related statistical and research data as requested. (3) Coordinate the CompanyTrust’s board of directors’ and committeestrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel. b. Prepare reports for the Board of Directors Trustees based on financial and administrative data. c. Assist with the selection of the independent auditor, as requested by the Trust. d. Secure Secure, if requested, 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 Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Directors Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration services to each Fundthe Company: A. General Fund Management: (1) Act as liaison among Fund Company service providers, including but not limited to the 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 USBFS’'s, or an affiliate’s's, own offices). b. c. Non-investment-related statistical and research data as requestedneeded. (3) Coordinate the Company’s 's board of directors’ and committees’ ' (the “"Board of Directors” " or the “"Directors”") communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund Company counsel. b. Prepare reports for the Board of Directors based on financial and administrative data. c. Assist with the selection of the Evaluate 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 Directors and Fund Company shareholders. f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Provide personnel to serve as officers of the Company if so elected by the Board of Directors, attend Board of Directors meetings and present materials for Director’ Directors' review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following fund administration services to each Fundfor the Funds, including but not limited to: A. General Fund Management: (1) Act as liaison among all Fund service providers, including but not limited to the 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 USBFS’, ’s or an its affiliate’s, ’s own offices). b. c. Non-investment-related statistical and research data as requestedneeded. A. General Fund Management: (1) Act as liaison among all Fund service providers. (2) Supply: (3) Coordinate the CompanyTrust’s board Board of directors’ and committeesTrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare Establish meeting agendas and resolutions, with the assistance of Fund counselagendas. b. Prepare reports for the Board of Directors Trustees based on financial and administrative data. c. Assist with the selection of the Evaluate 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 Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Directors and Trustees, prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Provide personnel to serve as officers of the Trust if so elected by the Board of Directors Trustees, attend Board of Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration services to each the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. c. Non-investment-related statistical and research data as requestedreasonably required by the Fund. (3) Coordinate the CompanyFund’s board Board of directors’ and committees’ Trustees (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) reasonably required communications, such asincluding, but not limited to: a. Prepare meeting agendas and resolutions, with the assistance of Fund the Fund’s counsel. b. Prepare reports for the Board of Directors Trustees based on financial and administrative data. c. Assist with the selection of the Evaluate independent auditor. d. Secure If requested, 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 If requested, prepare minutes of meetings of the Board of Directors Trustees and Fund shareholdersholders of the Shares (collectively, the “Shareholders”). f. Recommend dividend declarations to the Board of Directors Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholdersShareholders. g. Attend Board of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following sub-administration services as may be authorized and directed by BIM from time to each Fundtime: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. Non-investment-related statistical and research data as requested. (3) Coordinate the CompanyFund’s board of directors’ and committeestrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel. b. Prepare reports for the Board of Directors Trustees and BIM 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 Directors Trustees and Fund shareholdersminutes of shareholder meetings of the Fund. f. Recommend dividend declarations to the Board of Directors BIM and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration services to each the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, or Fund’s own offices, as requested by the Fund). b. Non-investment-related statistical and research data as requested. (3) Coordinate the CompanyFund’s board of directors’ and committeestrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel. b. Prepare reports for the Board of Directors 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 Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Directors Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Board of Directors Trustees meetings and present materials for DirectorTrustees’ review at such meetings. h. Coordinate process for the production and distribution of materials for each Board of Trustees meeting, including but not limited to collecting materials from various contributors and assembling them in an electronic board book and paper board books, as requested.

Services and Duties of USBFS. USBFS shall provide the following administration and fund accounting services to each Fundthe Funds: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. c. Non-investment-related statistical and research data as requestedreasonably required by the Funds. (3) Coordinate the Company’s board Funds’ Board of directors’ and committees’ Directors (the “Board of Directors” or the “Directors”) reasonably required communications, such asincluding, but not limited to: a. Prepare meeting agendas and resolutions, with the assistance of Fund Funds’ counsel. b. Prepare reports for the Board of Directors based on financial and administrative data. c. Assist with the selection of the Evaluate independent auditor. d. Secure If requested, 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 If requested, prepare minutes of meetings of the Board of Directors and Fund shareholdersholders of the Shares (collectively, the “Shareholders”). f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholdersShareholders. g. Attend Board of Directors meetings and present materials for DirectorDirectors’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration and fund accounting services to each the Fund: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. c. Non-investment-related statistical and research data as requestedreasonably required by the Fund. (3) Coordinate the CompanyFund’s board Board of directors’ and committees’ Directors (the “Board of Directors” or the “Directors”) reasonably required communications, such asincluding, but not limited to: a. Prepare meeting agendas and resolutions, with the assistance of Fund the Fund’s counsel. b. Prepare reports for the Board of Directors based on financial and administrative data. c. Assist with the selection of the Evaluate independent auditor. d. Secure If requested, 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 If requested, prepare minutes of meetings of the Board of Directors and Fund shareholdersholders of the Shares (collectively, the “Shareholders”). f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholdersShareholders. g. Attend Board of Directors meetings and present materials for DirectorDirectors’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following administration and fund accounting services to each Fundthe Funds: A. General Fund Management: (1) Act as liaison among Fund service providers, including but not limited to the 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 USBFS’, or an affiliate’s, own offices). b. c. Non-investment-related statistical and research data as requestedreasonable required by the Funds. (3) Coordinate the Company’s board Funds’ Board of directors’ and committees’ Directors (the “Board of Directors” or the “Directors”) reasonably required communications, such asincluding, but not limited to: a. Prepare meeting agendas and resolutions, with the assistance of Fund Funds’ counsel. b. Prepare reports for the Board of Directors based on financial and administrative data. c. Assist with the selection of the Evaluate independent auditor. d. Secure If requested, 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 If requested, prepare minutes of meetings of the Board of Directors and Fund shareholdersholders of the Shares (collectively, the “Shareholders”). f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholdersShareholders. g. Attend Board of Directors meetings and present materials for DirectorDirectors’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following fund administration services to each Fundfor the Funds, including but not limited to: A. General Fund Management: (1) Act as liaison among all Fund service providers, including but not limited to the 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 USBFS’, ’s or an its affiliate’s, ’s own offices). b. c. Non-investment-related statistical and research data as requestedneeded. (3) Coordinate the CompanyTrust’s board Board of directors’ and committeesTrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such as: a. Prepare Establish meeting agendas and resolutions, with the assistance of Fund counselagendas. b. Prepare reports for the Board of Directors Trustees based on financial and administrative data. c. Assist Coordinate audit with the selection of the independent auditor. d. Secure and monitor 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 Directors and Fund shareholders. f. Recommend dividend declarations to the Board of Directors and Trustees, prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend f. Provide personnel to serve as officers of the Trust if so elected by the Board of Directors Trustees, attend Board of Trustees meetings and present materials for DirectorTrustees’ review at such meetings.

Services and Duties of USBFS. USBFS shall provide the following fund administration services to each Fundfor the Funds, including but not limited to: A. General Fund Management: (1) Act as liaison among all Fund service providers, including but not limited to the 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 USBFS’, ’s or an its affiliate’s, ’s own offices). b. c. Non-investment-related statistical and research data as requestedneeded. (3) Coordinate the CompanyTrust’s board Board of directors’ and committeesTrustees’ (the “Board of DirectorsTrustees” or the “DirectorsTrustees”) communications, such ascommunication: a. Prepare Establish meeting agendas and resolutions, with the assistance of Fund counselagendas. b. Prepare reports for the Board of Directors Trustees based on financial and administrative data. c. Assist with the selection of the Evaluate 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 Directors Trustees and Fund shareholders. f. Recommend dividend declarations to the Board of Directors and Trustees, prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders. g. Attend Provide personnel to serve as officers of the Trust if so elected by the Board of Directors Trustees, attend Board of Trustees meetings and present materials for DirectorTrustees’ review at such meetings.