State Street Global Services

Fund Administration

Treasury Services

Overview

State Street provides support services for the Treasurer’s Office including regulatory and board reporting support, performance and statistical reporting, expense budgeting, audit oversight, and general consulting services.

Financial Reporting

We provide comprehensive financial reporting to all relevant parties, including a fund's regulatory agencies, shareholders, board of directors, external media publications, brokers, treasurer, advisors, transfer agents, legal counsel, auditors, printers and others.

Our reports include:

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Semi-annual and annual financial statements

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Prepare and record ROCSOP entries

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Coordinate annual audit

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Create and control production calendar

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SEC filings

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N-SAR

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24f-2

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N-CSR

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N-Q

 

Compliance Services

We monitor and report on compliance with the IRS, SEC and prospectus requirements. Our service allows customized frequency and levels of compliance monitoring and provides you with timely alerts and notifications. To meet your specific requirements, we provide:

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Access to our data repository and compliance module

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IRC, SEC and prospectus daily testing

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2a-7 testing

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Daily, monthly and quarterly reporting

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Communicate warnings and violations

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Annual update of compliance module for prospectus rules

 

Performance Reporting

Our clients need accurate and timely fund performance and reporting services.  Our performance reporting service includes a comprehensive view of their portfolio’s overall composition down to the security level, on a monthly and daily basis — gross and net — across all asset classes and in compliance with industry standards.  Performance views include:

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Calculation of total returns and yields, expense ratios, portfolio turnover rate, dollar weighted average maturity

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After-tax total returns

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Surveys

 

Expense Administration

We provide you with an automated, integrated process for budgeting, accruals and payments for your funds, with greater scale and accuracy.  We will:

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Prepare annual fund level budgets and updates

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Coordinate payment of expenses

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Establish accruals

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Review accruals and payments

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Provide monthly expense summary reporting

 

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