FUND ADMINISTRATION
Calculation of NAV including the calculation of the fund's income and expense accruals and the pricing of securities at current market value
Preparation of semi-annual and annual reports to shareholders
Maintenance and filing of the fund's financial books and records as the fund accountant, including reconcilement of holdings with custody and broker records
Payment of fund expenses
Settlement of daily purchases and sales of securities, ensuring collection of dividends and interests
Calculation and payment to the transfer agent of dividends and distributions (if required)
Preparation and filing of the fund's prospectus
Preparation and filing of other SEC filings/reports
Calculation of the total returns and other performance measures of the fund
Monitoring investment compliance with SEC, prospectus or U.S. Internal Revenue Code restrictions
Supervision of the orderly liquidation and dissolution of the fund (if required)
Financial Statement Preparation
Preparing general-purpose financial statements: Balance sheet, income statement, statement of retained earnings, and statement of cash flows