XXXXXXXXXX Compliance Sample Clauses

XXXXXXXXXX Compliance. Monitor compliance with the 1940 Act requirements, including: Review results of asset diversification tests for diversified funds  Maintenance of books and records under Rule 31a-3   Code of Ethics for the Trustees and Officers of the Trust.  Monitor Fund's compliance with the policies and investment limitations of the Trust as set forth in its current prospectus (the “Prospectus”) and statement of additional information (the “SAI”).  Monitor affiliated transactions under exemptive rules (17a-7, 17e-1, etc.)  Maintain awareness of applicable regulatory, reporting and operational service issues and recommend dispositions.   Blue Sky Compliance: Prepare and file with the appropriate state securities’ authorities any and all required compliance filings relating to the registration of the securities of the Trust so as to enable the Trust to make a continuous offering of its shares in all states.  Monitor status and maintain registrations in each state.  Provide information regarding material developments in state securities regulation.  SEC Registration and Reporting: Assist Trust counsel in updating the Prospectus and SAI and in preparing proxy statements.  File Form N-2.  Complete and file Form NSAR-A/B.  Coordinate XXXXX processing of financials, including proofing (except for Form NSAR-A/B).  Complete and file Form N-CSR.  Prepare Schedules of Investments for Form N-Q.  File Form N-Q.  Coordinate the printing, filing and mailing of publicly disseminated Prospectuses and shareholder reports.  File fidelity bond under Rule 17g-1.  Prepare and file Rule 24f-2 notices.  Assist in coordination of filing proxy voting on Form N-PX.  IRS Compliance: Monitor each Fund's status as a regulated investment company under Subchapter M, including without limitation, review of the following: Asset diversification requirements  90% gross income test under Subchapter M  Distribution requirements pursuant to Subchapter M and applicable excise tax laws.  Calculate year end and excise tax distribution.  Financial Reporting Provide financial data required by the Fund’s Prospectus and SAI.   Compute the yield and total return of each class of each Fund.  Compute each Fund's portfolio turnover rate and expense ratio.  Monitor the expense accruals and notify the Advisor's management (and fund accountants) of any proposed adjustments.  Prepare Financial Statements (i.e., Statements of Assets & Liabilities, Statements of Operations, Statements of Change...

XXXXXXXXXX Compliance