Fund Accounting. The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.
Fund Accounting. Net Asset Value Calculation · MF Accounting/the Administrator is responsible for determination of daily NAV estimates for the Funds. · MF Accounting/the Administrator will determine the actual month end NAV of a Fund during the monthly closing process. Brokerage Commission and Transaction Fees · Brokerage commissions for each Fund will be charged in a manner consistent with the prospectus or offering memorandum. The CTA should contact MF Accounting/the Administrator for additional information. Fund Fee Processing · Fund interest and all Fund fees, exclusive of brokerage commissions and transaction fees, will be processed in a Funds “excess” account at MS&Co. · MF Accounting/the Administrator will determine fees due to the CTA during the monthly closing process and notify the CTA of the fees via the monthly performance tables. The CTA should provide contact information regarding fees to MF Accounting/the Administrator. · MF Accounting/the Administrator will make payment of fees to the CTA via wire transfer. The CTA should provide wire instructions to MF Accounting/the Administrator.
Fund Accounting. Administrator shall maintain and keep current the general ledger for each Fund, recording all income and expenses, capital share activity and security transactions of the Fund. Administrator shall calculate the net asset value of each Fund and the per share net asset value of each Fund, in accordance with the Fund’s current prospectus and statement of additional information, once daily as of the time selected by the Trust’s Board of Trustees. Administrator shall prepare and maintain a daily valuation of all securities and other assets of the Fund in accordance with instructions from a designated officer of the Trust and in the manner set forth in the Fund’s current prospectus and statement of additional information. In valuing securities of the Trust, Administrator may contract with, and rely upon market quotations provided by, outside services. Administrator shall also perform for each Fund all such fund accounting services and duties as are customary and necessary in the mutual fund industry for an investment company registered under the 1940 Act that elects to be taxable as a regulated investment company. Without limiting the preceding sentence, (i) Administrator shall process each request received from the Trust or its authorized agents for payment of the Fund’s expenses, and (ii) upon receipt of written instructions signed by an officer or other authorized agent of the Trust, Administrator shall remit the appropriate amounts which shall be signed by an authorized signatory on behalf of the Trust and mailed to the appropriate party.
Fund Accounting. The following schedule shall be employed in the calculation of the annual fees payable for the services provided under this Agreement. For purposes of determining the asset levels at which a Tier applies, assets for that fund type across the entire JPMorgan Funds Complex (which shall be defined to include any 1940 Act fund, commingled funds or Section 3c-7 fund which is advised or sub-advised by an entity which is a wholly-owned subsidiary of JPMorgan Chase & Co.) shall be used. Money Market Funds* Tier One First 5,000,000,000 0.75 bps Tier Two Next $7,500,000,000 0.60 bps Tier Three Next $22,500,000,000 0.30 bps Tier Four Over $35,000,000,000 0.10 bps Fixed Income Funds Tier One First $12,500,000,000 0.90 bps Tier Two Next $7,500,000,000 0.50 bps Tier Three Next $10,000,000,000 0.35 bps Tier Four Over $30,000,000,000 0.20 bps U.S. Equity Funds Tier One First $12,500,000,000 0.85 bps Tier Two Next $7,500,000,000 0.50 bps Tier Three Next $10,000,000,000 0.35 bps Tier Four Over $30,000,000,000 0.25 bps International Funds Tier One First $12,500,000,000 2.00 bps Tier Two Over $12,500,000,000 1.75 bps Emerging Markets Funds Tier One First $12,500,000,000 3.00 bps Tier Two Over $12,500,000,000 2.00 bps Other Fees Minimums** U.S. Equity $20,000 U.S. Fixed Income $20,000 Money Markets $10,000 International $25,000 Emerging Markets $40,000 Highbridge Statistical Market Neutral Fund*** $30,000 Additional Share Classes (except Fund of Funds****) $2,000 Multi-Manager (per manager) $6,000 Fund Mergers (per fund) $1,500 Fund of Funds ***** $15,000 * A cap on Fund Accounting fees for the Money Market Funds will be set a $1 Million per annum. When a Money Market Fund reaches the fee cap, fees on additional share classes will also be waived. ** Fund minimums will apply only for Funds that have commenced operations. Start up funds will be charged at a rate of 50% of the Fund Accounting fees for a period of 6 months after commencement of operations. *** Plus $20 per trade requiring manual entry into the WINS accounting platform **** Fund of Funds will be charged a share class fee of $2,000 per annum after the 3rd share class. ***** This flat fee applies to Fund of Funds investing in JPM funds only. For any long term funds investing only in Fund of Funds as part of the overall investment strategy or for Funds of Funds investing in outside funds, the tiered pricing for Fund Accounting in the appropriate asset class would apply.
Fund Accounting. The Administrator shall provide the following --------------- accounting services to the Fund: (i) maintenance of the books and records and accounting controls for the Fund's assets, including records of all securities transactions; (ii) calculation of the Portfolios' net asset values in accordance with the Prospectuses and, if requested by the Fund, transmission of the net asset values to the NASD for publication of prices; (iii) accounting for dividends, interest and other income received and distributions made by the Fund; (iv) preparation and filing of the Fund's state and federal tax returns and Semi-Annual Reports on Form N-SAR; (v) production of transaction data, financial reports and such other periodic and special reports as the Board may reasonably request; (vi) the preparation of financial statements for the semi- annual and annual reports and other shareholder communications; (vii) liaison with the Fund's independent auditors; and (viii) monitoring and administration of arrangements with the Fund's custodian and depository banks. A complete listing of reports that will be available to the Fund is included in Attachment B of this Agreement.
Fund Accounting. The Sub-Administrator shall on a continuing basis perform the fund accounting services and other functions described below.
Fund Accounting. The Adviser appoints USBFS to provide fund accounting services for the Funds, and USBFS accepts such appointment and agrees to render the services, hereby set forth in Exhibit B attached hereto and incorporated by reference, for the compensation herein provided. Service will be provided in accordance with the policy and procedures set forth in Exhibit B.
Fund Accounting. Pursuant to SECTION 2(b) of the Agreement, Atlantic shall provide the following services, subject to the terms and conditions of the Agreement and this Appendix:
Fund Accounting. (i) Calculate daily NAVs as required by the Trust and in conformance with generally accepted accounting principles ("GAAP"), SEC Regulation S-X (or any successor regulation) and the Internal Revenue Code
Fund Accounting a. Oversee the determination and publication of the net asset value of each Fund and class in accordance with the valuation procedures and policies adopted from time to time by the Board.
