Value Calculation and Reporting Sample Clauses

Value Calculation and Reporting. (a) ▇.▇. ▇▇▇▇▇▇ shall perform Value calculations in accordance with: (i) the Prospectus; (ii) Valuation Procedures; and (iii) Instructions which are consistent with ▇.▇. ▇▇▇▇▇▇’▇ operating model, provided that, in the cases of (ii) and (iii), they are consistent with (i). (b) ▇.▇. ▇▇▇▇▇▇ shall perform the following Value calculation functions Daily, unless otherwise agreed with the Trust: (i) recording all security transactions including appropriate gains and losses from the sale of Fund securities and the termination in full or in part of commodity contracts; (ii) recording each Fund’s (or class’) capital share activities based upon Share Transactions received by the Order Taker; (iii) recording interest income, amortization/accretion income and dividend income; (iv) accruing Fund (or class) expenses according to instructions received from the Sponsor or its designee; (v) recording all corporate actions affecting securities and 33 Act ETF Fund Serv Agreement – 18 commodity contracts held by each Fund; (vi) determining the outstanding receivables and payables for all (1) security trades and commodity contract transactions, (2) Share transactions; and (3) income and expense accounts; and (vii) obtaining security prices from independent pricing services, or if such quotes are unavailable, obtaining such prices from the Funds’ Sponsor or its designee, as approved by the Board. (viii) Sending the daily PCF to the Trust as directed. (c) ▇.▇. ▇▇▇▇▇▇ shall report confirmed Value calculations to (i) the Sponsor; (ii) the Order Taker; and (iii) such third parties as agreed with the Trust.