Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator: a. Oversee the determination and publication of the Trust’s net asset value in accordance with the Trust’s policy as adopted from time to time by the Board; b. Oversee the maintenance by the Trust’s custodian of certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act; c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts; d. Review calculation, submit for approval by officers of the Trust and arrange for payment of the Trust’s expenses; prepare annual fund expense budgets, perform accrual analysis and roll-forward calculations and recommend changes to fund expense accruals on a periodic basis; e. Prepare for review and approval by officers of the Trust financial information for the Trust’s semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel); f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon; g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent; h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed upon; i. Maintain copies of the Trust’s Governing Documents; j. Prepare total return performance information for the Trust’s Investment Funds; k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate; l. Assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents; m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel: n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings; o. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filings; and p. Supply the Trust with officers, as necessary. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.
Appears in 2 contracts
Sources: Master Administration Agreement (Met Investors Series Trust), Master Administration Agreement (Metropolitan Series Fund)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities for handling the affairs of the Trust; and shall provide such other services as the Trust may request that ▇▇▇▇▇▇▇ perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust, and as appropriate, compute the Trust’s yields, total return, expense ratios and portfolio turnover rate;
(b) prepare and coordinate, in each caseconsultation with Trust counsel, subject to the controlpreparation of prospectuses, supervision statements of additional information, registration statements and direction proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to comply with federal and the review and comment by state securities law) as may be necessary or desirable to make notice filings relating to the Trust’s auditors shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and legal counsel and in accordance file with procedures which the appropriate state securities authorities the compliance filings as may be established from time necessary or convenient to time between enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the Administrator:
a. Oversee the determination and publication assistance of the Trust’s net asset value in accordance with investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
(e) administer contracts on behalf of the Trust with, among others, the Trust’s policy as adopted from time to time by the Boardinvestment adviser, distributor and custodian;
b. Oversee the maintenance by the Trust’s custodian of certain books and records (f) calculate performance data of the Trust as required under Rule 31a-1(b) of for dissemination to information services covering the 1940 Actinvestment company industry;
c. Prepare the Trust’s federal, state (g) prepare and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers of the Trust and arrange for payment file all of the Trust’s expenses; tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of the Trust financial information for prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust’s semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid (i) provide individuals reasonably acceptable to the Trust’s investment adviserTrustees to serve as officers of the Trust, custodian and Transfer Agent;
h. Provide periodic testing who will be responsible for the management of portfolios to assist certain of the Trust’s investment adviser affairs as determined by the Trustees;
(j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in complying effect on behalf of the Trust fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust’s or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Fundsindependent public accountants in connection with the preparation of any audit or report requested by the Trust;
k. Maintain continuing awareness (p) cooperate with, and take all reasonable actions in the performance of significant emerging its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory and legislative developments which may affect authority in connection with any regulatory audit of the Trust, update the Board and Trust or the investment adviser on those developments and provide related planning assistance where requested or appropriateof the Trust;
l. Assist in developing guidelines (q) perform all administrative services and procedures to improve overall compliance by functions of the Trust to the extent administrative services and its various agentsfunctions are not provided to the Trust by other agents of the Trust;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (r) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC (i) the reports for the Trust on Forms N-CSR, N-CEN, and N-PORT (ii) Form N-PX; and (iii) all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessarythe Trust and ▇▇▇▇▇▇▇ shall determine desirable.
(t) provide assistance in the maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The Administrator LRMP shall provide include the office facilities following services: ● Provide data from each Fund’s books and records ● Assist in monitoring of each Fund’s highly liquid investment minimum, if applicable, and the personnel required by it level of illiquid investments. ● Assist with arranging Board notifications. ● Assist in the preparation of Form N-LIQUID. ● Add Adviser’s liquidity risk discussion to perform the services contemplated hereinshareholder reports.
Appears in 2 contracts
Sources: Mutual Fund Services Agreement (Schwartz Investment Trust), Mutual Fund Services Agreement (Schwartz Investment Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, and supervise the maintenance by filing of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare (e) administer contracts on behalf of the Trust with, among others, the Trust’s federal's investment adviser, state distributor and local income tax returns custodian;
(f) calculate performance data of the Trust for review by dissemination to information services covering the investment company industry;
(g) assist the Trust’s independent public accountants with the preparation and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers filing of the Trust and arrange for payment all of the Trust’s expenses; 's tax returns, and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reportswho will be responsible for the management of certain of the Trust's affairs as determined by the Trustees;
(j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, Form N-CSR reportsincluding making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust and the Funds on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Funds on compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Fund’s then current Prospectus or Statement of Additional Information;
(n) provide such internal legal services as are requested by the Trust including, Form N-MFP reports but not limited to, the coordination of meetings and other communications required or otherwise to be sent to Trust preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s shareholders;
(o) cooperate with, and arrange for take all reasonable actions in the printing performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the preparation of any audit or report requested by the Trust;
(p) cooperate with, and dissemination take all reasonable actions in the performance of such reports its duties under this Agreement to ensure that the necessary information is made available to, the Securities and communications Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to shareholders; the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file annual and with the SEC the semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel report for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information reports on Form N-CSR, quarterly reports on Form N-Q, and all required by Form N-1A notices pursuant to Rule 24f-2 under the 1940 Act; and
(s) furnish advice and such recommendations with respect to other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements aspects of the 1940 Act business and Trust prospectus limitations as may be mutually agreed upon;
i. Maintain copies affairs of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by Trust as the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filings; and
p. Supply the Trust with officers, as necessary. The Administrator Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 2 contracts
Sources: Mutual Fund Services Agreement (Chesapeake Investment Trust), Mutual Fund Services Agreement (Gardner Lewis Investment Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) assist in the preparation and filing of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed uponsuch bonds and policies are approved by the Trustees;
i. Maintain copies of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory (l) monitor and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by advise the Trust and its various agentsPortfolios on their registered investment company status under the Internal Revenue Code of 1986;
m. Counsel (m) monitor and assist advise the Trust and its Portfolios on compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the handling Trust's or any Portfolio's then current Prospectus or Statement of routine regulatory examinations Additional Information;
(n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and work closely preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust's shareholders;
(o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC (i) the reports for the Trust on Forms N-CSR, N-CEN, and N-PORT (ii) Form N-PX; and (iii) all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessarythe Trust and Ultimus shall determine desirable.
(t) provide assistance in the maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The Administrator LRMP shall provide include the office facilities following services: ● Provide data from each Fund's books and records ● Assist in monitoring of each Fund's highly liquid investment minimum, if applicable, and the personnel required by it level of illiquid investments. ● Assist with arranging Board notifications. ● Assist in the preparation of Form N-LIQUID. ● Add Adviser's liquidity risk discussion to perform the services contemplated hereinshareholder reports.
Appears in 2 contracts
Sources: Mutual Fund Services Agreement (Schwartz Investment Trust), Mutual Fund Services Agreement (Schwartz Investment Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time appropriate, compute the Trust's yields, total return, expense ratios and portfolio turnover rate and any other metrics that may be required in the future due to time by the Boardregulatory changes;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, and supervise the maintenance by filing of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry if so instructed by the adviser;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Funds on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Funds on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Fund’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Funds's independent public accountants in connection with the preparation of any audit or report requested by the Trust;
k. Maintain continuing awareness (p) cooperate with, and take all reasonable actions in the performance of significant emerging its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory and legislative developments which may affect authority in connection with any regulatory audit of the Trust, update the Board and Trust or the investment adviser on those developments and provide related planning assistance where requested or appropriateof the Trust;
l. Assist in developing guidelines (q) perform all administrative services and procedures to improve overall compliance by functions of the Trust to the extent administrative services and its various agentsfunctions are not provided to the Trust by other agents of the Trust;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (r) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR, Form N-Q, Form N-CSR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 2 contracts
Sources: Mutual Fund Services Agreement (Eubel Brady & Suttman Mutual Fund Trust), Mutual Fund Services Agreement (Eubel Brady & Suttman Mutual Fund Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment advisers, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment advisers, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) if requested, prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist 's independent public accountants in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust or an investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the annual report for the Trust on Form N-CEN, the monthly reports of the Trust on Form N-PORT, and all required notices pursuant to Rule 24f-2 notices under the 1940 Act;
(s) furnish advice and Rule 17g-1 filingsrecommendations with respect to other aspects of the business and affairs of the Trust as the Trust and Ultimus shall determine desirable; and
p. Supply (t) provide assistance in the Trust with officers, as necessaryadoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The Administrator LRMP shall provide include the office facilities following services: · Develop and implement the personnel required by it Trust’s written LRMP · Perform an in-depth evaluation of the adequacy of each investment adviser’s written LRMP to perform ensure compatibility with the services contemplated herein.Trust’s LRMP
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Williamsburg Investment Trust)
Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision and direction of the Trust and the review and comment by the Trust’s 's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication of the Trust’s 's net asset value in accordance with the Trust’s 's policy as adopted from time to time by the Board;
b. Oversee the maintenance by the Trust’s 's custodian of certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act;
c. Prepare the Trust’s 's federal, state and local income tax returns for review by the Trust’s 's independent accountants and execution filing by the Trust’s 's treasurer; prepare the Trust’s federal, state and local income tax returns; prepare ;
d. Prepare annual computation of tax basis provisions distribution requirements for both excise and income regular tax purposes and calculate required distribution amountspurposes;
d. e. Review calculation, submit for approval by officers of the Trust and arrange for payment of the Trust’s 's expenses; prepare annual fund expense budgets, perform accrual analysis and roll-forward calculations and recommend changes to fund expense accruals on a periodic basis;
e. f. Prepare for review and approval by officers of the Trust financial information for the Trust’s 's semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual ;
g. Prepare all year-to-date proofs, audit workpapers and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also audit confirmations as may be subject to review reasonably requested by the Trust’s legal counsel);
f. 's independent accountants; h Prepare for review by officers of and an officer of, legal counsel and independent accountants for the Trust the Trust’s 's periodic financial reports required to be filed with the SEC Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. i. Prepare reports relating to the business and affairs of the Trust as may be mutually agreed upon and not otherwise prepared by the Trust's investment adviser, custodian, legal counsel or independent accountants;
j. Make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request;
k. Make such reports and recommendations to the Board concerning the performance and fees of the Trust's custodian and transfer and dividend disbursing agent ("Transfer Agent") as the Board may reasonably request or deems appropriate;
l. Oversee and review calculations of fees paid to the Trust’s 's investment adviser, custodian and Transfer Agent;
h. m. Consult with the Trust's officers, independent accountants, legal counsel, custodian and Transfer Agent in establishing the accounting policies of the Trust;
n. Respond to, or refer to the Trust's officers or Transfer Agent, shareholder inquiries relating to the Trust;
o. Provide periodic testing of portfolios to assist the Trust’s 's investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed upon;
i. p. Maintain general corporate calendar;
q. Maintain copies of the Trust’s Governing Documents's Declaration of Trust and By-laws;
j. Prepare total return performance information for r. File annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of "President's letters" to shareholders and "Management's Discussion of Trust Performance" (which shall also be subject to review by the Trust’s Investment Funds's legal counsel);
k. s. Organize, attend and prepare minutes of shareholder meetings;
t. Provide consultation on regulatory matters relating to portfolio management, Trust operations and any potential changes in the Trust's investment policies, operations or structure; act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to the Trust's independent Board members;
u. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist v. Develop or assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. w. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s 's legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s 's legal counsel:
n. x. Prepare for filing with the SEC amendments to the Trust's registration statement, including updating the Prospectus and Statement of Additional Information, where applicable;
y. Prepare for filing with the SEC proxy statements; provide consultation on proxy solicitation matters;
z. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. aa. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filingsnotices; and
p. Supply bb. Perform Blue Sky services pursuant to the specific instructions of the Trust with officers, and as necessarydetailed in Schedule B to this Agreement. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.
Appears in 1 contract
Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision supervision, authorization and direction of the Trust and and, in each case where appropriate, the review and comment by the Trust’s 's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee Prepare for review and approval by officers of the determination Trust the Investment Funds' financial information contained within the Trust's semi-annual and publication annual shareholder reports, Form N-Q reports and other quarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;
b. Coordinate the audit of the Trust’s net asset value 's financial statements by the Trust's independent accountants, including the preparation of supporting audit workpapers and other schedules, and make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request;
c. Prepare for review by an officer of the Trust the Trust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A, Form N-CSR and such other reports, forms or filings as may be mutually agreed upon;
d. Provide periodic testing of portfolios with respect to compliance with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and the Investment Funds' prospectus limitations as may be mutually agreed upon, including quarterly compliance reporting to the Trust's officers as well as preparation of Board compliance materials;
e. Prepare and furnish total return performance information, including such information on an after-tax basis, calculated in accordance with the Trust’s policy applicable U.S. securities laws and regulations, as adopted from time to time may be reasonably requested by the Boardfund management;
b. Oversee f. Prepare and disseminate vendor survey information;
g. Prepare and coordinate the maintenance filing of Rule 24f-2 notices, including coordination of payment;
h. Provide on a periodic basis information to the Investment Funds' Chief Compliance Officer regarding Rydex's compliance with its Compliance Program;
i. Provide sub-certificates in connection with the certification requirements of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 with respect to the services provided by the Trust’s custodian of Rydex;
j. Maintain certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act, as may be mutually agreed upon;
c. Prepare k. Consult with the Trust’s federal's officers, state independent accountants, legal counsel, custodian, fund accountant, distributor, and local income tax returns for review by transfer agent in establishing the accounting policies of the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare ;
l. Compute tax basis provisions for both excise and income tax purposes and calculate required distribution amountspurposes;
d. m. Prepare each Investment Fund's federal, state, and local income tax returns and extension requests for review and for filing by the Trust's independent accountants and filing by the Trust's treasurer, including Form 1120-RIC, Form 8613 and Form 1099-MISC;
n. Coordinate Forms 1042/1042S with the Trust's transfer agent;
o. Review calculation, submit for approval by officers and sign off on periodic income distribution calculations and annual minimum distribution calculations (income and capital gain) prior to their declaration;
p. Provide periodic certifications and reasonable documentation to the Chief Compliance Officer of the Trust and arrange for payment in connection with Rule 38a-1 of the Trust’s expenses; prepare 1940 Act;
q. Prepare for review by an officer of the Trust annual fund expense budgets, as necessary, perform accrual analysis analyses and roll-forward rollforward calculations and recommend changes to fund expense accruals on a periodic basis;
e. Prepare , arrange for review and approval by officers payment of the Trust financial information for the Trust’s semi-annual and annual reports's expenses, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s 's investment adviser, custodian custodian, fund accountant, distributor and Transfer Agenttransfer agent, and obtain authorization of accrual changes and expense payments;
h. r. Prepare information for Section 852 mailings; and
s. Provide on a periodic testing of portfolios basis information to assist the Trust’s investment adviser in complying Investment Funds' Chief Compliance Officer regarding Rydex's compliance with Internal Revenue Code mandatory qualification requirementsits Compliance Program. The Administrator shall perform such other services for the Trust that are mutually agreed to by the parties from time to time, for which the requirements of the 1940 Act and Trust prospectus limitations will pay such fees as may be mutually agreed upon;
i. Maintain copies , including the Administrator's reasonable out-of-pocket expenses. The provision of such services shall be subject to the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness terms and conditions of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filings; and
p. Supply the Trust with officers, as necessarythis Agreement. The Administrator shall provide the office facilities and the personnel required determined by it to perform the services contemplated herein.
Appears in 1 contract
Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision supervision, authorization and direction of the Trust and and, in each case where appropriate, the review and comment by the Trust’s 's auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee Prepare for review and approval by officers of the determination Trust the Investment Funds' financial information contained within the Trust's semi-annual and publication annual shareholder reports, Form N-Q reports and other quarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;
b. Coordinate the audit of the Trust’s net asset value 's financial statements by the Trust's independent accountants, including the preparation of supporting audit workpapers and other schedules, and make such reports and recommendations to the Board concerning the performance of the independent accountants as the Board may reasonably request;
c. Prepare for review by an officer of the Trust the Trust's periodic financial reports required to be filed with the Securities and Exchange Commission ("SEC") on Form N-SAR and financial information required by Form N-1A, Form N-CSR and such other reports, forms or filings as may be mutually agreed upon;
d. Provide periodic testing of portfolios with respect to compliance with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and the Investment Funds' prospectus limitations as may be mutually agreed upon, including quarterly compliance reporting to the Trust's officers as well as preparation of Board compliance materials;
e. Prepare and furnish total return performance information, including such information on an after-tax basis, calculated in accordance with the Trust’s policy applicable U.S. securities laws and regulations, as adopted from time to time may be reasonably requested by the Boardfund management;
b. Oversee f. Prepare and disseminate vendor survey information;
g. Prepare and coordinate the maintenance filing of Rule 24f-2 notices, including coordination of payment;
h. Provide on a periodic basis information to the Investment Funds' Chief Compliance Officer regarding State Street's compliance with its Compliance Program;
i. Provide sub-certificates in connection with the certification requirements of the Sarbanes-Oxley Act of 2002 wi▇▇ ▇▇▇▇▇▇▇ ▇▇ the services provided by the Trust’s custodian of State Street;
j. Maintain certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act, as may be mutually agreed upon;
c. Prepare k. Consult with the Trust’s federal's officers, state independent accountants, legal counsel, custodian, fund accountant, distributor, and local income tax returns for review by transfer agent in establishing the accounting policies of the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare ;
l. Compute tax basis provisions for both excise and income tax purposes and calculate required distribution amountspurposes;
d. m. Prepare each Investment Fund's federal, state, and local income tax returns and extension requests for review and for filing by the Trust's independent accountants and filing by the Trust's treasurer, including Form 1120-RIC, Form 8613 and Form 1099-MISC;
n. Coordinate Forms 1042/1042S with the Trust's transfer agent;
o. Review calculation, submit for approval by officers and sign off on periodic income distribution calculations and annual minimum distribution calculations (income and capital gain) prior to their declaration;
p. Provide periodic certifications and reasonable documentation to the Chief Compliance Officer of the Trust and arrange for payment in connection with Rule 38a-1 of the Trust’s expenses; prepare 1940 Act;
q. Prepare for review by an officer of the Trust annual fund expense budgets, as necessary, perform accrual analysis analyses and roll-forward rollforward calculations and recommend changes to fund expense accruals on a periodic basis;
e. Prepare , arrange for review and approval by officers payment of the Trust financial information for the Trust’s semi-annual and annual reports's expenses, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s 's investment adviser, custodian custodian, fund accountant, distributor and Transfer Agenttransfer agent, and obtain authorization of accrual changes and expense payments;
h. r. Prepare information for Section 852 mailings; and
s. Provide on a periodic testing of portfolios basis information to assist the Trust’s investment adviser in complying Investment Funds' Chief Compliance Officer regarding State Street's compliance with Internal Revenue Code mandatory qualification requirementsits Compliance Program. The Administrator shall perform such other services for the Trust that are mutually agreed to by the parties from time to time, for which the requirements of the 1940 Act and Trust prospectus limitations will pay such fees as may be mutually agreed upon;
i. Maintain copies , including the Administrator's reasonable out-of-pocket expenses. The provision of such services shall be subject to the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness terms and conditions of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filings; and
p. Supply the Trust with officers, as necessarythis Agreement. The Administrator shall provide the office facilities and the personnel required determined by it to perform the services contemplated herein.
Appears in 1 contract
Administration Services. The Administrator Ultimus shall provide each Company with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities for handling the following servicesaffairs of the Companies; and shall provide such other services as each Company may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate each Company's expenses and administer all disbursements for each Company, and as appropriate, compute a Company's yields, total return, expense ratios and portfolio turnover rate;
(b) prepare and coordinate, in consultation with Company counsel, the preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of a Company as may be required in order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to a Company's shares with state securities authorities, monitor the sale of Company shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable a Company to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of a Company's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Company shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
(e) administer contracts on behalf of a Company with, among others, the Company's investment adviser, sub-adviser, distributor and custodian;
(f) calculate performance data of each caseCompany for dissemination to information services covering the investment company industry;
(g) prepare and file all Company tax returns and prepare and mail annual Forms 1099, subject Forms W-2P and Forms 5498 to shareholders, with a copy to the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication of the Trust’s net asset value in accordance with the Trust’s policy as adopted from time to time by the BoardInternal Revenue Service;
b. Oversee (h) manage the maintenance by the Trust’s custodian layout and printing of certain books prospectuses and records supplements thereto, and manage and coordinate layout and printing of the Trust as required under Rule 31a-1(b) of the 1940 Act;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers of the Trust and arrange for payment of the Trust’s expenses; prepare annual fund expense budgets, perform accrual analysis and roll-forward calculations and recommend changes to fund expense accruals on a periodic basis;
e. Prepare for review and approval by officers of the Trust financial information for the Trust’s Company's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Company's Directors to serve as officers of the Company, Form N-Q reportswho will be responsible for the management of certain of the Company's affairs as determined by the Directors;
(j) advise the Company and its Directors on matters concerning the Company and its affairs, Form N-CSR reports, Form N-MFP reports including making recommendations regarding dividends and other communications required or otherwise to be sent to Trust shareholdersdistributions;
(k) obtain and keep in effect on behalf of the Company, and arrange make all necessary filings regarding, fidelity bonds and directors and officers/errors and omissions insurance policies for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports Company in accordance with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus as such bonds and policies are approved by the Directors;
(l) monitor and advise the Companies on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Companies on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Company's then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Company including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trust’s Governing DocumentsDirectors and meetings of the Company's shareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to the Trust’s Investment FundsCompany's independent public accountants in connection with the preparation of any audit or report requested by the Company;
k. Maintain continuing awareness (p) cooperate with, and take all reasonable actions in the performance of significant emerging its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the "SEC") or any other regulatory and legislative developments which may affect the Trust, update the Board and authority in connection with any regulatory audit of a Company or the investment adviser on those developments and provide related planning assistance where requested or appropriateof a Company;
l. Assist in developing guidelines (q) perform all administrative services and procedures functions of the Company to improve overall compliance the extent administrative services and functions are not provided to the Company by other agents of the Trust and its various agentsCompany;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (r) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC SEC: (i) the semi-annual reports for the Company on Form N-SAR and N-CSR; (ii) Form N-Q; (iii) Form N-PX; and (iv) all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the Trust with officers, business and affairs of the Company as necessary. The Administrator the Company and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Managed Municipal Fund Inc)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that U▇▇▇▇▇▇ perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment advisers, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment advisers, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) if requested, prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist 's independent public accountants in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust or an investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the annual report for the Trust on Form N-CEN, the monthly reports of the Trust on Form N-PORT, and all required notices pursuant to Rule 24f-2 notices under the 1940 Act;
(s) furnish advice and Rule 17g-1 filingsrecommendations with respect to other aspects of the business and affairs of the Trust as the Trust and U▇▇▇▇▇▇ shall determine desirable; and
p. Supply (t) provide assistance in the Trust adoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act, which shall include the following services: · Provide data from each Portfolio’s books and records · Assist with officers, as necessary. The Administrator shall provide arranging Board notifications · Assist in the office facilities and the personnel required by it to perform the services contemplated herein.preparation of Form N-RN
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Williamsburg Investment Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders; (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the preparation of any audit or report requested by the Trust;
j. Prepare total return (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information for is made available to the Trust’s Investment Funds;
k. Maintain continuing awareness Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and Trust or the investment adviser on those developments and provide related planning assistance where requested or appropriateof the Trust;
l. Assist in developing guidelines (q) perform all administrative services and procedures to improve overall compliance by functions of the Trust to the extent administrative services and its various agentsfunctions are not provided to the Trust by other agents of the Trust;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (r) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities for handling the affairs of the Trust; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust, and as appropriate, compute the Trust's yields, total return, expense ratios and portfolio turnover rate and any other metrics that may be required in each casethe future due to regulatory changes;
(b) prepare such reports, subject to notice filing forms and other documents (including reports regarding the control, supervision sale and direction redemption of shares of the Trust as may be required in order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the review Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and comment file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(c) develop and prepare, with the assistance of the Trust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
(d) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and custodian;
(e) calculate performance data of the Trust for dissemination to information services covering the investment company industry if so instructed by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication of the Trust’s net asset value in accordance with the Trust’s policy as adopted from time to time by the Boardinvestment adviser;
b. Oversee the maintenance by the Trust’s custodian of certain books and records of the Trust as required under Rule 31a-1(b(f) of the 1940 Act;
c. Prepare the Trust’s federal, state and local income tax returns for review by assist the Trust’s independent public accountants with the preparation and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers filing of the Trust and arrange for payment all of the Trust’s expenses; 's tax returns, and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (g) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(h) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (i) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(j) coordinate the acquisition of and legal counsel maintain on behalf of the Trust fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(k) monitor and advise the Trust prospectus and the Funds on their registered investment company status under the Internal Revenue Code of 1986;
(l) assist the Trust’s investment adviser and Chief Compliance Officer in monitoring and advise the Trust and the Funds on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Fund’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (m) assist Trust counsel with preparation of various reports and materials for quarterly and special Board of Trustees meetings; attend and participate in Board of Trustees meetings;
(n) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with any audit or report requested by the Trust;
(o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to, the Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust’s Governing Documents;
j. Prepare total return performance information for (p) perform all reasonable and customary administrative services and functions of the Trust to the extent such administrative services and functions are not provided to the Trust by other agents of the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (q) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR, Form N-Q, Form N-CSR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (r) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Sources: Mutual Fund Services Agreement (BPV Family of Funds)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, equipment, personnel, compensation and facilities for handling the affairs of the Trust; and shall provide such other services as the Trust may request that ▇▇▇▇▇▇▇ perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust, and as appropriate, compute the Trust’s yields, total return, expense ratios and portfolio turnover rate;
(b) prepare and coordinate, in each caseconsultation with Trust counsel, subject to the controlpreparation of prospectuses, supervision statements of additional information, registration statements and direction proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of the Trust as may be required in order to comply with federal and the review and comment by state securities law) as may be necessary or desirable to make notice filings relating to the Trust’s auditors shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and legal counsel and in accordance file with procedures which the appropriate state securities authorities the compliance filings as may be established from time necessary or convenient to time between enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the Administrator:
a. Oversee the determination and publication assistance of the Trust’s net asset value in accordance with investment advisers, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
(e) administer contracts on behalf of the Trust with, among others, the Trust’s policy as adopted from time to time by the Boardinvestment advisers, distributor and custodian;
b. Oversee the maintenance by the Trust’s custodian of certain books and records (f) calculate performance data of the Trust as required under Rule 31a-1(b) of for dissemination to information services covering the 1940 Actinvestment company industry;
c. Prepare the Trust’s federal(g) if requested, state prepare and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers of the Trust and arrange for payment file all of the Trust’s expenses; tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of the Trust financial information for prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust’s semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange for the printing and dissemination of such reports and communications to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for the Trust the Trust’s periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid (i) provide individuals reasonably acceptable to the Trust’s investment adviserTrustees to serve as officers of the Trust, custodian and Transfer Agent;
h. Provide periodic testing who will be responsible for the management of portfolios to assist certain of the Trust’s investment adviser affairs as determined by the Trustees;
(j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in complying effect on behalf of the Trust fidelity bonds and directors and officers/errors and omissions insurance policies for the Trust in accordance with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust’s or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist independent public accountants in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory authority in connection with any regulatory audit of the Trust or an investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the annual report for the Trust on Form N-CEN, the monthly reports of the Trust on Form N-PORT, and all required notices pursuant to Rule 24f-2 notices under the 1940 Act;
(s) furnish advice and Rule 17g-1 filingsrecommendations with respect to other aspects of the business and affairs of the Trust as the Trust and ▇▇▇▇▇▇▇ shall determine desirable; and
p. Supply (t) provide assistance in the Trust with officers, as necessaryadoption and maintenance of a Liquidity Risk Management Program (“LRMP”) which meets the requirements of Rule 22e-4 under the 1940 Act. The Administrator LRMP shall provide include the office facilities following services: ● Develop and implement the personnel required by it Trust’s written LRMP ● Perform an in-depth evaluation of the adequacy of each investment adviser’s written LRMP to perform ensure compatibility with the services contemplated herein.Trust’s LRMP ● Assist with the preparation of periodic reporting and annual reports to the Board, including collecting and incorporating investment adviser reports ● Provide data from each Portfolio’s books and records ● Assist in monitoring of each Portfolio’s highly liquid investment minimum, if applicable, and level of illiquid investments ● Assist with arranging Board notifications ● Assist in the preparation of Form N-LIQUID ● Add each investment adviser’s liquidity risk discussion to shareholder reports
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Williamsburg Investment Trust)
Administration Services. The Administrator shall provide the following services, in each case, subject to the control, supervision authorization and direction of the each Trust and and, in each case where appropriate, the review and comment by the Trust’s auditors Trusts' independent accountants and legal counsel and in accordance with procedures which may be established from time to time between the Trust Trusts and the Administrator:: Fund Administration Treasury Services
a. Oversee Prepare for the determination and publication of the Trust’s net asset value in accordance with the Trust’s policy as adopted from time to time review by the Board;
b. Oversee the maintenance by the Trust’s custodian of certain books and records of the Trust as required under Rule 31a-1(bdesignated officer(s) of the 1940 Act;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers of the Trust and arrange for payment of the Trust’s expenses; prepare annual fund expense budgets, perform accrual analysis and roll-forward calculations and recommend changes to fund expense accruals on a periodic basis;
e. Prepare for review and approval by officers of the Trust Trusts financial information for regarding the Trust’s Fund(s) that will be included in the Trusts' semi-annual and annual shareholder reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholdersquarterly reports (as mutually agreed upon), including tax footnote disclosures where applicable;
b. Coordinate the audit of the Trusts' financial statements by the Trusts' independent accountants, including the preparation of supporting audit workpapers and other schedules, and arrange for the printing and dissemination of make such reports and communications recommendations to shareholders; file annual and semi-annual shareholder reports with the appropriate regulatory agencies; review text Board (or the Audit Committee of “President’s letters” to shareholders and “Management’s Discussion the Board ("Audit Committee")) concerning the performance of Trust Performance” (which shall also be subject to the independent accountants as the Board or the Audit Committee may reasonably request;
c. Prepare for the review by designated officer(s) of the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel for Trusts the Trust the Trust’s Trusts' periodic financial reports required to be filed with the SEC on Form N-SAR and financial information required by Form N-1A N-1A, proxy statements and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to d. Provide sub-certificates in connection with the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the certification requirements of the 1940 Sarbanes-Oxley Act of 2002 with respect to the ▇▇▇▇ices provided by the Administrator; Fund Administration Tax Services
e. Compute tax basis provisions for both excise and Trust prospectus limitations income tax purposes;
f. Prepare the Fund(s)' federal, state, and local income tax returns and extension requests for review and for execution and filing by the Trusts' independent accountants and execution and filing by the Trust's treasurer, including Form 1120-RIC, Form 8613 and Form 1099-MISC;
g. Coordinate Form 1099-DIV mailings; and
h. Review and sign off on annual minimum distribution calculations (income and capital gain) prior to their declaration. The Administrator shall perform such other services for the Trusts that are mutually agreed to by the parties from time to time, for which the Trusts will pay such fees as may be mutually agreed upon;
i. Maintain copies , including the Administrator's reasonable out-of-pocket expenses. The provision of such services shall be subject to the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness terms and conditions of significant emerging regulatory and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by the Trust and its various agents;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC Rule 24f-2 notices and Rule 17g-1 filings; and
p. Supply the Trust with officers, as necessarythis Agreement. The Administrator shall provide the office facilities and the personnel required determined by it to perform the services contemplated herein.
Appears in 1 contract
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws,and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed uponsuch bonds and policies are approved by the Trustees;
i. Maintain copies of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory (l) monitor and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by advise the Trust and its various agentsPortfolios on their registered investment company status under the Internal Revenue Code of 1986;
m. Counsel (m) monitor and assist advise the Trust and its Portfolios on compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the handling Trust's or any Portfolio's then current Prospectus or Statement of routine regulatory examinations Additional Information;
(n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and work closely preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust's shareholders;
(o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the "SEC") or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Schwartz Investment Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with the layout and approval by officers printing of prospectuses and supplements thereto, and assist with and coordinate layout and printing of the Trust financial information for the Trust’s 's semi-annual and annual reportsreports to shareholders;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to who will be sent to Trust shareholders, and arrange responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed uponsuch bonds and policies are approved by the Trustees;
i. Maintain copies of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory (l) monitor and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by advise the Trust and its various agentsPortfolios on their registered investment company status under the Internal Revenue Code of 1986;
m. Counsel (m) monitor and assist advise the Trust and its Portfolios on compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the handling Trust's or any Portfolio's then current Prospectus or Statement of routine regulatory examinations Additional Information; Ultimus shall provide the Trustees of the Trust with a report on such compliance at the Board's regularly scheduled meetings or as otherwise requested;
(n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and work closely preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust's shareholders;
(o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the "SEC") or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Sources: Mutual Fund Services Agreement (Malachi Millennium Income Trust)
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with and approval by officers coordinate the layout and printing of the Trust financial information for prospectuses and supplements thereto, the Trust’s 's semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange any proxy statements or other documents to be mailed to shareholders from time to time;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, who will be responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed uponsuch bonds and policies are approved by the Trustees;
i. Maintain copies of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory (l) monitor and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by advise the Trust and its various agentsPortfolios on their registered investment company status under the Internal Revenue Code of 1986;
m. Counsel (m) monitor and assist advise the Trust and its Portfolios on compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the handling Trust's or any Portfolio's then current Prospectus or Statement of routine regulatory examinations Additional Information;
(n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and work closely preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust's shareholders;
(o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to, the Trust's independent public accountants in connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (p) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the "SEC") or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(q) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other agents of the Trust;
(r) prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate each Portfolio's expenses and administer all disbursements for each Portfolio, and as appropriate, compute a Portfolio's yields, total return, expense ratios and portfolio turnover rate;
(b) prepare and coordinate, in accordance consultation with Trust counsel, the preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the sale and redemption of shares of a Portfolio as may be required in order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to a Portfolio's shares with state securities authorities, monitor the sale of Portfolio shares for compliance with state securities laws, and file with the Trust’s policy appropriate state securities authorities the compliance filings as adopted from time may be necessary or convenient to time by the Boardenable a Portfolio to make a continuous offering of its shares;
b. Oversee (d) develop and prepare, with the maintenance by the Trust’s custodian of certain books and records of the Trust as required under Rule 31a-1(b) of the 1940 Act;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers of the Trust and arrange for payment assistance of the Trust’s expenses; prepare 's investment adviser, communications to shareholders, including the annual fund expense budgetsreport to shareholders, perform accrual analysis coordinate the mailing of prospectuses, notices, proxy statements, proxies and roll-forward calculations other reports to Trust shareholders, and recommend changes to fund expense accruals on a periodic basissupervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
e. Prepare (e) calculate performance data of each Portfolio for review dissemination to information services covering the investment company industry;
(f) prepare and approval by officers file all tax returns of each Portfolio and prepare and mail annual Forms 1099 and Forms 5498 to shareholders, with a copy to the Trust financial information for Internal Revenue Service;
(g) manage the Trust’s layout and printing of prospectuses and supplements thereto, and manage and coordinate layout and printing of each Portfolio's semi-annual and annual reportsreports to shareholders;
(h) provide individuals reasonably acceptable to the Trust's trustees to serve as officers of the Trust, Form N-Q reportsif so elected by the Board of Trustees, Form N-CSR reports, Form N-MFP reports who will be responsible for the administration of certain of the Trust's affairs as determined by the Trustees;
(i) obtain and other communications required or otherwise to be sent to Trust shareholderskeep in effect on behalf of the Trust, and arrange for the printing make all necessary filings regarding, fidelity bonds and dissemination of such reports directors and communications to shareholders; file annual officers/errors and semi-annual shareholder reports with the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review by the Trust’s legal counsel);
f. Prepare for review by officers of and legal counsel omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and Trust prospectus limitations as may be mutually agreed uponsuch bonds and policies are approved by the Trustees;
i. Maintain copies of the Trust’s Governing Documents;
j. Prepare total return performance information for the Trust’s Investment Funds;
k. Maintain continuing awareness of significant emerging regulatory (j) monitor and legislative developments which may affect the Trust, update the Board and the investment adviser on those developments and provide related planning assistance where requested or appropriate;
l. Assist in developing guidelines and procedures to improve overall compliance by advise the Trust and its various agentsPortfolios on their registered investment company status under the Internal Revenue Code of 1986;
m. Counsel and assist (k) monitor the Trust and its Portfolios' compliance with applicable limitations as imposed by the 1940 Act and the rules and regulations thereunder or set forth in the handling Trust's or any Portfolio's then current Prospectus or Statement of routine regulatory examinations Additional Information;
(l) coordinate meetings and work closely prepare, in consultation with Trust counsel, materials for the quarterly and special meetings of the Trustees and meetings of the Trust's shareholders;
(m) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information is made available to the Trust's independent public accountants in connection with the Trust’s legal counsel in response to preparation of any non-routine regulatory matters; Subject to review and comment audit or report requested by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare (n) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the "SEC") or any other regulatory authority in connection with any regulatory audit of the Trust or the investment adviser of the Trust;
(o) perform all administrative services and functions of the Trust to the extent administrative services and functions are not provided to the Trust by other service providers of the Trust;
(p) prepare and file with the SEC SEC: (i) the semi-annual reports for the Trust on Form N-SAR and N-CSR; (ii) Form N-Q; (iii) Form N-PX; and (iv) all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply the Trust with officers, as necessary. The Administrator shall provide the office facilities and the personnel required by it to perform the services contemplated herein.
Appears in 1 contract
Administration Services. The Administrator Ultimus shall provide the following Trust with regulatory reporting services; shall provide all necessary office space, in each caseequipment, subject to personnel, compensation and facilities for handling the control, supervision and direction of the Trust and the review and comment by the Trust’s auditors and legal counsel and in accordance with procedures which may be established from time to time between the Trust and the Administrator:
a. Oversee the determination and publication affairs of the Trust’s net asset value in accordance ; and shall provide such other services as the Trust may request that Ultimus perform consistent with its obligations under this Agreement. Without limiting the generality of the foregoing, Ultimus shall:
(a) calculate Trust expenses and administer all disbursements for the Trust’s policy , and as adopted from time to time by appropriate, compute the BoardTrust's yields, total return, expense ratios and portfolio turnover rate;
b. Oversee (b) prepare and coordinate, in consultation with Trust counsel, the maintenance by preparation of prospectuses, statements of additional information, registration statements and proxy materials;
(c) prepare such reports, notice filing forms and other documents (including reports regarding the Trust’s custodian sale and redemption of certain books and records shares of the Trust as may be required under Rule 31a-1(bin order to comply with federal and state securities law) as may be necessary or desirable to make notice filings relating to the Trust's shares with state securities authorities, monitor the sale of Trust shares for compliance with state securities laws, and file with the appropriate state securities authorities the compliance filings as may be necessary or convenient to enable the Trust to make a continuous offering of its shares;
(d) develop and prepare, with the assistance of the 1940 ActTrust's investment adviser, communications to shareholders, including the annual report to shareholders, coordinate the mailing of prospectuses, notices, proxy statements, proxies and other reports to Trust shareholders, and supervise and facilitate the proxy solicitation process for all shareholder meetings, including the tabulation of shareholder votes;
c. Prepare the Trust’s federal, state and local income tax returns for review by the Trust’s independent accountants and execution by the Trust’s treasurer; prepare the Trust’s federal, state and local income tax returns; prepare tax basis provisions for both excise and income tax purposes and calculate required distribution amounts;
d. Review calculation, submit for approval by officers (e) administer contracts on behalf of the Trust with, among others, the Trust's investment adviser, distributor and arrange custodian;
(f) calculate performance data of the Trust for payment dissemination to information services covering the investment company industry;
(g) prepare and file all of the Trust’s expenses; 's tax returns and prepare and mail annual fund expense budgetsForms 1099, perform accrual analysis Forms W-2P and roll-forward calculations and recommend changes Forms 5498 to fund expense accruals on shareholders, with a periodic basiscopy to the Internal Revenue Service;
e. Prepare for review (h) assist with and approval by officers coordinate the layout and printing of the Trust financial information for prospectuses and supplements thereto, the Trust’s 's semi-annual and annual reports, Form N-Q reports, Form N-CSR reports, Form N-MFP reports and other communications required or otherwise to be sent to Trust shareholders, and arrange any proxy statements or other documents to be mailed to shareholders from time to time;
(i) provide individuals reasonably acceptable to the Trust's Trustees to serve as officers of the Trust, who will be responsible for the printing and dissemination management of such reports and communications to shareholders; file annual and semi-annual shareholder reports with certain of the appropriate regulatory agencies; review text of “President’s letters” to shareholders and “Management’s Discussion of Trust Performance” (which shall also be subject to review Trust's affairs as determined by the Trust’s legal counsel)Trustees;
f. Prepare for review by officers (j) advise the Trust and its Trustees on matters concerning the Trust and its affairs, including making recommendations regarding dividends and distributions;
(k) obtain and keep in effect on behalf of the Trust fidelity bonds and legal counsel directors and officers/errors and omissions insurance policies for the Trust the Trust’s periodic financial reports required to be filed in accordance with the SEC on Form N-SAR and financial information required by Form N-1A and such other reports, forms or filings as may be mutually agreed upon;
g. Oversee and review calculations of fees paid to the Trust’s investment adviser, custodian and Transfer Agent;
h. Provide periodic testing of portfolios to assist the Trust’s investment adviser in complying with Internal Revenue Code mandatory qualification requirements, the requirements of the 1940 Act and as such bonds and policies are approved by the Trustees;
(l) monitor and advise the Trust prospectus and its Portfolios on their registered investment company status under the Internal Revenue Code of 1986;
(m) monitor and advise the Trust and its Portfolios on compliance with applicable limitations as may be mutually agreed uponimposed by the 1940 Act and the rules and regulations thereunder or set forth in the Trust's or any Portfolio’s then current Prospectus or Statement of Additional Information;
i. Maintain copies (n) provide such internal legal services as are requested by the Trust including, but not limited to, the coordination of meetings and preparation of materials for the quarterly and special meetings of the Trustees and meetings of the Trust’s Governing Documentsshareholders;
j. Prepare total return (o) cooperate with, and take all reasonable actions in the performance of its duties under this Agreement to ensure that all necessary information for is made available to, the Trust’s Investment Funds's independent public accountants in connection with the preparation of any audit or report requested by the Trust;
k. Maintain continuing awareness (p) cooperate with, and take all reasonable actions in the performance of significant emerging its duties under this Agreement to ensure that the necessary information is made available to the Securities and Exchange Commission (the “SEC”) or any other regulatory and legislative developments which may affect authority in connection with any regulatory audit of the Trust, update the Board and Trust or the investment adviser on those developments and provide related planning assistance where requested or appropriateof the Trust;
l. Assist in developing guidelines (q) perform all administrative services and procedures to improve overall compliance by functions of the Trust to the extent administrative services and its various agentsfunctions are not provided to the Trust by other agents of the Trust;
m. Counsel and assist the Trust in the handling of routine regulatory examinations and work closely with the Trust’s legal counsel in response to any non-routine regulatory matters; Subject to review and comment by the Trust’s legal counsel:
n. Prepare agenda and background materials for Board meetings, make presentations where appropriate, (r) prepare minutes and follow-up on matters raised at Board meetings;
o. Prepare and file with the SEC the semi-annual report for the Trust on Form N-SAR and all required notices pursuant to Rule 24f-2 notices and Rule 17g-1 filingsunder the 1940 Act; and
p. Supply (s) furnish advice and recommendations with respect to other aspects of the business and affairs of the Trust with officers, as necessary. The Administrator the Trust and Ultimus shall provide the office facilities and the personnel required by it to perform the services contemplated hereindetermine desirable.
Appears in 1 contract