Common use of Description of Accounting Services on a Continuous Basis Clause in Contracts

Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Portfolio: (a) Journalize investment, capital share and income and expense activities; (b) Record investment buy/sell trade tickets when received from the Advisor or sub-advisor for a Portfolio; (c) Maintain individual ledgers for investment securities; (d) Maintain book historical tax lots for each security; (e) Reconcile cash and investment balances of the Fund with the custodian, and provide the Advisor with the cash balance available for investment purposes; (f) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (g) Calculate various contractual expenses (e.g., advisory and custody fees); (h) Monitor the expense accruals and notify an officer of the Fund or the Advisor of any proposed adjustments; (i) Control disbursements and authorize such disbursements upon Written Instructions; (j) Calculate capital gains and losses; (k) Determine net income; (l) Obtain security market quotes from independent pricing services approved by the Advisor and as authorized by the Board of Trustees, or if such quotes are unavailable, then obtain such prices from the Advisor, and in either case calculate the market value of each Portfolio’s Investments in accordance with the valuation procedures of the Fund that have been provided to PFPC; (m) Provide the daily portfolio valuation to the Advisor; (n) Compute net asset value per share in accordance with the Fund’s registration statement and valuation procedures; and (o) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity.

Description of Accounting Services on a Continuous Basis. PFPC will perform the following accounting services with respect to each Portfolio: (a) Journalize investment, capital share and income and expense activities; (b) Record investment buy/sell trade tickets when received from the Advisor investment advisor or sub-advisor (the “Advisor”) for a Portfolio; (c) Maintain individual ledgers for investment securities; (d) Maintain book historical tax lots for each security; (e) Reconcile cash and investment balances of the Fund with the custodianCustodian, and provide the Advisor with the cash balance available for investment purposes; (f) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (g) Calculate various contractual expenses (e.g., advisory and custody fees); (h) Monitor the expense accruals and notify an officer of the Fund or the Advisor of any proposed adjustments; (i) Control disbursements and authorize such disbursements upon Written InstructionsInstructions from the Fund; (j) Calculate capital gains and losses; (k) Determine net income; (l) Obtain security market quotes from independent pricing services approved by the Advisor and as authorized by the Board of TrusteesDirectors, or if such quotes are unavailable, then obtain such prices from the Advisor, and in either case calculate the market value of each Portfolio’s Investments in accordance with the valuation procedures of the Fund that have been provided to PFPC; (m) Provide the daily portfolio valuation to the AdvisorAdvisor via PFPC DataPath access; (n) Compute net asset value per share in accordance with the Fund’s registration statement and valuation procedures; and (o) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity.

Description of Accounting Services on a Continuous Basis. PFPC Sub-Administrator will perform the following accounting services with respect to each Portfoliothe Fund: (a) Journalize investment, capital share and income and expense activities; (b) Record investment buy/sell trade tickets when received from the Advisor or sub-advisor for a Portfolio; (c) Maintain individual ledgers for investment securities; (dc) Maintain book historical tax lots for each security; (ed) Reconcile cash and investment balances of the Fund with the custodian, and provide the Advisor with the cash balance available for investment purposesCustodian; (fe) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (gf) Calculate various contractual expenses (e.g., advisory and custody fees); (hg) Monitor the expense accruals and notify an officer of the Fund or the Advisor of any proposed adjustments; (ih) Control all disbursements and authorize such disbursements upon Written Instructions; (ji) Calculate capital gains and losses; (kj) Determine net income; (lk) Obtain security market quotes from independent pricing services approved by the Advisor and as authorized by the Board of TrusteesAdviser, or if such quotes are unavailable, then obtain such prices from the AdvisorAdviser, and in either case calculate the market value of each Portfolio’s Investments in accordance with the valuation procedures of the Fund that have been provided to PFPCFund's Investments; (ml) Provide Transmit or mail a copy of the daily portfolio valuation to the AdvisorAdviser; (m) Compute net asset value; (n) Compute net asset value per share in accordance with the Fund’s registration statement and valuation procedures; and (o) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and (o) Prepare a monthly financial statement, which will include the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets Cash Statement Schedule of Capital Gains and Losses.

Description of Accounting Services on a Continuous Basis. PFPC BACAP will perform the following accounting services with respect to each Portfoliothe Fund: (a) Journalize investment, capital share and income and expense activities; (b) Record investment buy/sell trade tickets when received from the Advisor or sub-advisor for a Portfolio; (c) Maintain individual ledgers for investment securities; (dc) Maintain book historical tax lots for each security; (ed) Reconcile cash and investment balances of the Fund with the custodian, and provide the Advisor with the cash balance available for investment purposesCustodian; (fe) Post to and prepare the Statement of Assets and Liabilities and the Statement of Operations; (gf) Calculate various contractual expenses (e.g., advisory and custody fees); (hg) Monitor the expense accruals and notify an officer of the Fund or the Advisor of any proposed adjustments; (ih) Control all disbursements and authorize such disbursements upon Written Instructions; (ji) Calculate capital gains and losses; (kj) Determine net income; (lk) Obtain security market quotes from independent pricing services approved by the Advisor and as authorized by the Board of TrusteesAdviser, or if such quotes are unavailable, then obtain such prices from the AdvisorAdviser, and in either case calculate the market value of each Portfolio’s Investments in accordance with the valuation procedures of the Fund that have been provided to PFPCFund's Investments; (ml) Provide Transmit or mail a copy of the daily portfolio valuation to the AdvisorAdviser; (m) Compute net asset value; (n) Compute net asset value per share in accordance with the Fund’s registration statement and valuation procedures; and (o) As appropriate, compute yields, total return, expense ratios, portfolio turnover rate, and, if required, portfolio average dollar-weighted maturity; and (o) Prepare a monthly financial statement, which will include the following items: Schedule of Investments Statement of Assets and Liabilities Statement of Operations Statement of Changes in Net Assets Cash Statement Schedule of Capital Gains and Losses.