| BNP Paribas | BNY Mellon | Gemini Hedge | Northern Trust | SEI | UMB | U.S. Bancorp | |
| FINANCIAL REPORTING SERVICES | |||||||
| Bank account reconcil-iation verification | U | U | U | U | U | U | U |
| Fee calculation at multiple levels | U | U | U | U | U | U | U |
| Client reporting | U | U | U | U | U | U | U |
| Custom reporting | U | U | U | U | U | U | U |
| Daily NAV calculation | U | U | U | U | U | U | U |
| Daily investor est. NAV/ performance | U | U | U | U | U | U | U |
| Fund reporting | U | U | U | U | U | U | U |
| Fund and investor audit support | U | U | U | U | U | U | U |
| General ledger accounting | U | U | U | U | U | U | U |
| NAV calculation for pooled investments | U | U | U | U | U | U | U |
| Independent valuation | U | U | N | U | U | U | U |
| Internal reporting | U | U | U | U | U | U | U |
| Internet reporting | U | U | U | U | U | U | U |
| Investor accounting and reporting | U | U | U | U | U | U | U |
| Investor trans-parency reporting | U | U | U | U | U | U | U |
| Manager on-line reporting | U | U | U | U | U | U | U |
| Portfolio analytics | D | U | U | U | U | U | U |
| Reconcil-iation | U | U | U | U | U | U | U |
| Trade capture | U | U | U | U | U | U | U |
| Leveraged/ unleveraged investor accounting | U | U | U | U | U | U | U |
| Multi-currency investor reporting | U | U | U | U | U | D | U |
| Reporting multiple levels | U | U | U | U | U | U | U |
| Tax preparation and reporting | N | U | N | U | U | U | U |
| Wash sale reporting | N | U | A | U | U | U | U |
| FUND COMPLI-ANCE AND REGULA-TORY SERVICES | |||||||
| Jurisdiction regulatory compliance | U | U | U | N | U | U | U |
| Fund chief compliance officer (CCO) | N | U | N | N | U | N | N |
| Compliance policy updates and reviews | U | U | N | A | U | N | U |
| Consulting for fund advisors | N | N | N | N | U | U | N |
| Registered fund regu-latory adminis-tration | U | U | U | A | U | U | U |
| Board support | U | U | U | A | U | U | U |
| Regulatory findings | N | U | N | N | U | U | U |
| Compliance testing | U | U | N | A | U | U | U |
| RIC-qualified tax services | N | U | N | A | U | U | U |
| Anti-money laundering review | U | U | U | A | U | U | U |
| AML/KYC services | U | U | U | U | U | U | U |
| Principal underwriter and distributor | N | N | N | N | U | A | N |
| Form PF filing software and services | U | U | D | U | U | U | U |
| FATCA services | U | U | U | U | U | U | U |
| Year-end audit manage-ment | U | U | U | U | U | U | U |
| Year-end audit financial statement prep | U | U | U | U | U | U | U |
| U.S. tax solutions with preferred provider | N | U | N | U | U | U | U |
| Fund structure specific reporting | U | U | N | N | U | U | U |
| Risk reporting support | D | U | U | U | U | U | U |
| ISAE 3402 & SSAE 16 certified | U | U | U | U | U | U | U |
| FRONT OFFICE SERVICES | |||||||
| Brokerage services | U | U | N | U | U | N | N |
| Counter-party communi-cations: conf/ settlement | U | U | N | U | U | N | U |
| Custody and safekeeping services | U | U | N | U | U | U | U |
| Trade allocations: fund/ strategy/ trader/ broker | U | U | N | U | U | U | U |
| Electronic trade capture: front ends OMS/EMS | U | U | N | U | U | U | U |
| EOD flash reporting | U | U | U | U | U | U | U |
| Foreign exchange services | U | U | U | U | U | U | U |
| Intraday portfolio and P/L reporting | U | U | N | U | U | N | D |
| Master order blotter | N/AP | U | N | U | U | N | D |
| Operating cash/ subscription accounts | U | U | N | U | U | U | U |
| Order execution and routing | N | U | N | U | U | N | N |
| Portfolio event processing | U | U | N | U | U | U | U |
| Pre and post trade compliance | D | U | N | U | U | U | U |
| Real Time P/L capability | D | U | N | A | U | N | D |
| Regulatory reporting support | U | U | U | U | U | U | U |
| MIDDLE OFFICE SERVICES | |||||||
| Cash services and wire execution | U | U | U | U | U | U | U |
| Cash/ Collateral manage-ment | U | U | U | U | U | N | U |
| Custom attribute tagging | N | U | U | U | U | U | U |
| Daily portfolio accounting and P&L reporting | U | U | U | U | U | U | U |
| Daily portfolio pricing from independent source | U | U | U | U | U | U | U |
| Daily reconciling of position, market value | U | U | U | U | U | U | U |
| Daily portfolio flash reporting on “T” | U | U | U | U | U | U | U |
| T+1 pre-market open reconciled portfolio | U | U | U | U | U | U | U |
| Data trans-missions | U | U | U | U | U | U | U |
| Lifecycle event processing | U | U | U | U | U | N | D |
| Limit/ Investment restriction monitoring | N | U | U | U | U | N | U |
| OTC cash/ collateral manage-ment | U | U | N | U | U | N | U |
| OTC counter-party affirmations | U | U | N | U | U | N | U |
| OTC independent valuation | U | U | N | U | U | U | N |
| Security master manage-ment | U | U | U | U | U | U | U |
| Trade affirmation/ confirmation services | U | U | N | U | U | U | U |
| Trade capture and matching | U | U | U | U | U | U | U |
| Trade capture: front end/ files/brokers | U | U | U | U | U | U | U |
| BACK OFFICE SERVICES | |||||||
| Cash manage-ment | U | U | U | U | U | U | N |
| Cash reconcil-iations | U | U | U | U | U | U | U |
| Cash controls as security admin-istrator | U | U | U | U | U | U | N |
| Dual authorized signatory | U | U | U | N | U | U | U |
| Custom portfolio reporting | U | U | U | A | U | U | U |
| Dynamic web portal reporting | D | U | U | N | U | U | U |
| Exchange reporting | N | U | U | N | U | U | U |
| Financial reporting | U | U | U | U | U | U | U |
| Fund accounting and NAV calculation | U | U | U | U | U | U | U |
| Inter-period NAV estimates | U | U | U | U | U | U | U |
| Investor accounting | U | U | U | U | U | U | U |
| Automated investor account statements | U | U | U | U | U | U | U |
| Investor attribute tracking and reporting | U | U | U | U | U | U | U |
| Investor servicing and communi-cations | U | U | U | U | U | U | U |
| Investor confirmation notice production | U | U | U | U | U | U | U |
| Institutional investor audit confirms | U | U | U | N | U | U | U |
| Investor document processing/warehousing | U | U | U | N | U | U | U |
| Investor/interested party registration | U | U | U | U | U | U | U |
| NAV calculations | U | U | U | U | U | U | U |
| Tax reporting | U | U | N | U | U | U | U |
**Not reported
N=Not available
U=In use
A=Available
D=In development