Common use of Performance of Daily Accounting Services Clause in Contracts

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. calculate Fund expenses based on instructions from the Fund’s administrator; 1.11. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC 1.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.14. provide such periodic reports as agreed to by the parties; 1.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus ▇▇▇▇▇▇▇ shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. calculate Fund expenses based on instructions from the Fund’s administrator; 1.11. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.12. determine the outstanding receivables and payables for all (1I) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.14. provide such periodic reports as agreed to by the parties; 1.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1I) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13( I3) trial balances; 1.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s Funds’ prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustAdministrator; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. calculate Fund expenses based on instructions from the Fund’s administratorAdministrator; 1.11. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.12. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.13. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.14. provide such periodic reports as agreed to by the partiesparties and web-based access to fund accounting reporting systems; 1.15. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.16. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.17. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustAdministrator.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional informationinformation and Security Valuation Procedures: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as per the valuation policy approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, and prepare and deliver daily cash sheet for each Fund by 9:30 a.m. ET; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. maintain historical tax lots of each security, and determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from each Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the each Fund’s administrator; 1.111.12. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.14. provide accounting reports in connection with the Trusteach Fund’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.15. provide such periodic reports as agreed to by the parties; 1.151.16. prepare and maintain the following records upon receipt of information in proper form from the each Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. provide accounting information to each Fund’s independent registered public accounting firm for preparation of the Fund’s tax returns; and 1.171.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure so that all necessary information is made available to, the Trustto each Fund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund. 1.20. Prepare and deliver a second source pricing review for each fixed income fund at least 15 days prior to each quarter end at the expense of the Trust pursuant Section 4.4. of the Agreement.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.13. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.16. provide such periodic reports as agreed to by the parties; 1.151.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and; 1.171.19. assist the Trust’s independent registered accounting with the preparation and filing of federal and state tax returns; 1.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily monthly for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each consistent with the Fund’s investment adviser or its designee, Valuation Policy as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily monthly the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.12. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.15. provide such periodic reports as agreed to by the parties; 1.151.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.171.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. calculate and report at the level of each sub-adviser, the net asset value and all holdings and performance measures otherwise provided at the Fund level; 1.3. provide fund of fund net asset value calculations and reporting; 1.4. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, in accordance with the Fund Companies’ Valuation Procedures as approved by the Trust’s Fund Companies’ Board of Trustees Trustees/Directors (hereafter referred to as “Board”); 1.31.5. monitor indices and halted securities and communicate issues that are reasonably expected to trigger a security fair valuation in accordance with the Fund Companies’ Valuation Procedures; 1.6. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the applicable Fund Company’s investment adviser, if requested; 1.41.7. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.51.8. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.61.9. determine unrealized appreciation and depreciation on securities held by the Funds; 1.71.10. accrue income of each Fundprovide standardized performance reporting data to the applicable Fund Company and its investment adviser; 1.81.11. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.12. allocate daily capital stock activity to the Fund’s sub-advisers based on allocation instructions provided by the Trust’s investment advisor; 1.13. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trusta Fund Company; 1.91.14. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.15. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.16. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.17. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.18. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.19. provide accounting reports in connection with the Trusteach Fund Company’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.20. provide such periodic reports as agreed to by the parties; 1.151.21. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.22. assist each Fund Company’s independent registered accounting with the preparation and filing of federal and state tax returns; 1.23. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.171.24. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund Company’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund Company.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; American Pension Investors Trust (d/b/a Yorktown Funds) 1.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.101.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.13. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions transactions, and (3) income and expense accounts; 1.131.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.16. provide such periodic reports as agreed to by the parties; 1.151.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.19. assist the Trust’s independent registered accountant with the preparation and filing of federal and state tax returns; and 1.171.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.12. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.15. provide such periodic reports as agreed to by the parties; 1.151.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.171.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the Trust’s investment adviser, if requested; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fundprovide standardized performance reporting data to the Trust and its investment adviser(s); 1.8. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.9. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.91.10. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.11. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.12. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.13. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.14. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions transactions, and (3) income and expense accounts; 1.131.15. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.16. provide such periodic reports as agreed to by the parties; 1.151.17. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.18. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.19. assist the Trust’s independent registered accountant with the preparation and filing of federal and state tax returns; and 1.171.20. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with during any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. calculate and report at the level of each sub-adviser, the net asset value and all holdings and performance measures otherwise provided at the Fund level; 1.3. provide fund of fund net asset value calculations and reporting; 1.4. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, in accordance with the Fund Companies’ Valuation Procedures as approved by the Trust’s Fund Companies’ Board of Trustees Trustees/Directors (hereafter referred to as “Board”); 1.31.5. monitor indices and halted securities and communicate issues that are reasonably expected to trigger a security fair valuation in accordance with the Fund Companies’ Valuation Procedures; 1.6. verify and reconcile with the Funds’ custodian cash and all daily activity, including without limitation performing processing such as recording paid-in capital activity, perform necessary reconciliations with the transfer agent and the custodian, and provide cash availability data to the applicable Fund Company’s investment adviser, if requested; 1.41.7. compute, as appropriate, each Fund’s net income and realized capital gains, yields, total return, expense ratios, portfolio turnover rate, dividend payables, dividend factors, and dollar-weighted average portfolio maturity; 1.51.8. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.61.9. determine unrealized appreciation and depreciation on securities held by the Funds; 1.71.10. accrue income of each Fundprovide standardized performance reporting data to the applicable Fund Company and its investment adviser; 1.81.11. track and validate income and expense accruals, analyze and modify expense accrual changes periodically, and process expense disbursements to vendors and service providers; 1.12. allocate daily capital stock activity to the Fund’s sub-advisers based on allocation instructions provided by the Trust’s investment advisor; 1.13. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trusta Fund Company; 1.91.14. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.101.15. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; 1.16. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.17. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.18. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.19. provide accounting reports in connection with the Trusteach Fund Company’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.20. provide such periodic reports as agreed to by the parties; 1.151.21. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.22. assist each Fund Company’s independent registered accounting with the preparation and filing of federal and state tax returns; 1.23. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.17and 1.24. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trusteach Fund Company’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund Company.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each Fund, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each Fund’s investment adviser or its designee, as approved by the Trust’s Board of Trustees (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ custodian cash and all daily activity; 1.4. compute, as appropriate, each Fund’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Funds; 1.7. accrue income of each Fund; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the Trust; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Fund or its authorized agents on the industry standard T+1 basis; ▇▇▇▇▇▇ & ▇▇▇▇▇▇ – Capitol Series Trust Fund Accounting Addendum October 1, 2017 1.11. calculate Fund expenses based on instructions from the Fund’s administrator; 1.111.12. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLC; 1.121.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund share transactions and (3) income and expense accounts; 1.131.14. provide accounting reports in connection with the Trust’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.15. provide such periodic reports as agreed to by the parties; 1.151.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; 1.18. assist the Fund Company’s independent registered public accounting firms with the preparation and filing of the Fund Company’s tax returns. Ultimus will also research and calculate the qualified dividend rate for income and short term capital gain distributions and assist in the production of supplemental tax information letters for each Fund, if applicable; and 1.171.19. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the Trust’s independent public accountants in connection with any audit or the preparation of any report requested by the Trust.

Performance of Daily Accounting Services. Ultimus shall perform the following accounting services daily for each FundPortfolio, each in accordance with the Fund’s prospectus and statement of additional information: 1.1. calculate the net asset value per share utilizing prices obtained from the sources described in subsection 1.2 below; 1.2. obtain security prices from independent pricing services, or if such quotes are unavailable, then obtain such prices from each FundPortfolio’s investment adviser or its designee, as approved by the TrustFund’s Board of Trustees Directors (hereafter referred to as “Board”); 1.3. verify and reconcile with the Funds’ Fund’s custodian cash and all daily activity; 1.4. compute, as appropriate, each FundPortfolio’s net income and realized capital gains, dividend payables, dividend factors, and weighted average portfolio maturity; 1.5. review daily the net asset value calculation and dividend factor (if any) for each Fund Portfolio prior to release to shareholders, check and confirm the net asset values and dividend factors for reasonableness and deviations, and distribute net asset values and/or yields to NASDAQ and such other entities as directed by the Fund; 1.6. determine unrealized appreciation and depreciation on securities held by the Fundseach Portfolio; 1.7. accrue income of each FundPortfolio; 1.8. amortize premiums and accrete discounts on securities purchased at a price other than face value, if requested by the TrustFund; 1.9. update fund accounting system to reflect rate changes, as received/obtained by Ultimus, on variable interest rate instruments; 1.10. record investment trades received in proper form from the Portfolio or its authorized agents on the industry standard T+1 basis; 1.11. calculate Fund Portfolio expenses based on instructions from the Fund’s administrator; 1.111.12. accrue expenses of each Fund; Fund Accounting and Financial Administration Addendum Foreside Management Services, LLCPortfolio; 1.121.13. determine the outstanding receivables and payables for all (1) security trades, (2) Fund Portfolio share transactions and (3) income and expense accounts; 1.131.14. provide accounting reports in connection with the TrustFund’s regular annual audit and other audits and examinations by regulatory agencies; 1.141.15. provide such periodic reports as agreed to by the parties; 1.151.16. prepare and maintain the following records upon receipt of information in proper form from the Fund or its authorized agents: (1) cash receipts journal; (2) cash disbursements journal; (3) dividend record; (4) purchase and sales-portfolio securities journals; (5) subscription and redemption journals; (6) security ledgers; (7) broker ledger; (8) general ledger; (9) daily expense accruals; (10) daily income accruals, (11) securities and monies borrowed or loaned and collateral therefore; (12) foreign currency journals; and (13) trial balances; 1.161.17. provide information typically supplied in the investment company industry to companies that track or report price, performance or other information with respect to investment companies; and 1.171.18. cooperate with, and take all reasonable actions in the performance of its duties under this Agreement, to ensure that all necessary information is made available to, the TrustFund’s independent public accountants in connection with any audit or the preparation of any report requested by the TrustFund.