Common use of FUND AND PORTFOLIO ACCOUNTING Clause in Contracts

FUND AND PORTFOLIO ACCOUNTING. a. Maintain Fund General Ledger and Journal. b. Prepare and record disbursements for direct Fund expenses. c. Prepare daily money transfers. d. Reconcile all Fund bank and custodian accounts. e. Assist Fund independent auditors as appropriate. f. Prepare daily projection of available cash balances. g. Record trading activity for purposes of determining net asset values and daily dividend. h. Prepare daily portfolio evaluation report to value portfolio securities and determine daily accrued income. i. Determine the daily net asset value per share. j. Determine the daily, monthly, quarterly, semiannual or annual dividend per share. k. Prepare monthly, quarterly, semiannual and annual financial statements. l. Provide financial information for reports to the Securities and Exchange Commission in compliance with the provisions of the 1940 Act and the Securities Act of 1933, the Internal Revenue Service and any other regulatory agencies as required. m. Provide financial, yield, net asset value, etc. information to NASD and other survey and statistical agencies as instructed by the Fund. n. Report to the Audit Committee of the Board of Directors.