Fund Accounting

Fund accountants are responsible for maintaining the financial books and records of the fund, Matrix will:

Record interest and dividend income
Post all security transactions, calculate gain and loss on sales, maintain tax lots
Record capital share transactions as received from transfer agent
Post and monitor daily expense accruals in accordance with the budget
Reconcile cash and investment balances with Custodian
Calculate the fund's daily net asset value and ensure for accuracy
Supply statements and statistical data as requested to portfolio manager
Compute portfolio's yields, total returns, expense ratios and portfolio turnover rate