·      Set up and maintain securities in the Administrator’s portfolio accounting system

·      Pre-process trade files for automated trade processing, if applicable

·      Record trade activity in the portfolio accounting system on a daily basis as reported by the Investment Adviser or sub-adviser

·      Provide trade activity details in electronic format, on a daily basis

·      Provide security master details for private investments

·      Notify the Administrator prior to any contemplated changes in the format, timing, delivery or content of trade files

·      Provide a daily operations contact person to whom the Administrator should direct queries on trade activity

·      Calculate, accrue and verify interest and amortization accruals for fixed income instruments for each estimate or valuation date

·      Update accounting system to reflect rate changes on variable interest rate instruments

·      Provide details of rate changes on private debt variable interest rate instruments

·      Determine the outstanding receivables and payables for all (1) security trades, (2) portfolio share transactions and (3) income and expense accounts in accordance with the budgets provided by Trust or its Investment Adviser;

·      Independently apply corporate actions to securities held in the portfolio on a daily basis via standard 3^rd party independent pricing agents, when available, for each valuation date

·      Process mandatory/involuntary corporate actions based upon data received from market data provider(s), prime brokers, and or custodians.

·      Process all non-mandatory asset servicing events received from the Investment Adviser with prime brokers, and or custodians.

·      Assist administrator to help ensure all corporate actions for private investments were received timely by the administrator

·      Notify Administrator of non-mandatory/voluntary corporate actions that should be submitted.

·      Prepare daily (or as frequent as practicable) reconciliations on transactions, cash and positions to Prime Broker, Custodian, or OTC Counterparty and Investment Adviser or sub-adviser (Triangular reconciliation); 

·      Obtain portfolio security valuations from appropriate sources consistent with Trust's pricing and valuation policies, and calculate net asset value of the Trust and each Class;

·      In the event that the Investment Adviser does not provide a timely value for the Trust or security, the Administrator will make a commercially reasonable inquiry to the Investment Adviser and any applicable sub-adviser to obtain the value, as more fully described in Section 6.

·      Provide broker quotes and adviser supplied prices on a daily basis in electronic format, if applicable.

·      Monitor for significant events that may materially impact valuations of private investments, and provide fair value recommendation, if necessary.

·      Provide write-up to fair valuation committee for adviser recommendations of fair valued securities.

·      Compute yields, total return, expense ratios, portfolio turnover rate and average dollar-weighted portfolio maturity, as appropriate; 

·      Prepare the Trust's financial statements for review by Trust management and independent auditors, manage annual and semi-annual report preparation process, prepare Forms N-CEN, N-PORT, N-Q, N-CSR and N-PX, annual fidelity bond, provide Fund performance data for annual report, coordinate printing and delivery of annual and semi-annual reports to shareholders, and file annual fidelity bond, Forms N-CEN, N-PORT, N-Q, N-CSR and N-PX and annual/semi-annual reports via EDGAR; 

·      Provide consultation to the Trust on regulatory matters relating to the operation of Trust as requested and coordinate with Trust's legal counsel regarding such matters;

·      Prepare and file the Trust’s fidelity bond coverage on Form 40-17(g) 

·      Assist the Trust in handling and responding to routine regulatory examinations with respect to records retained or services provided by the Administrator, and coordinate with Trust's legal counsel in responding to any non-routine regulatory matters with respect to such matters; 

·      Provide performance, financial and expense information for registration statements and proxies;

·      Review Registration Statement and Proxy statements.

·      Review Registration Statement and Proxy statements.  Provide information relating to the Investment Adviser, portfolio managers, investment strategy and any other requested information. 

·      Communicate periodic net asset value, yield, total return or other financial data to appropriate third party reporting agencies, and assist in resolution of errors reported by such third party agencies; 

·      Provide written instruction to the Administrator in order to distribute Trust NAVs or other requested financial information to a 3rd party. 

·      Upon reasonable notice and as mutually agreed upon, the Administrator may provide additional reports upon the request of a Trust or its Investment Adviser, which may result in additional charges, the amount of which shall be agreed upon between the parties prior to the provision of such report. 

·      Assist legal counsel to the Trust in the development of policies and procedures relating to the operation of the Trust; 

·      Act as liaison to legal counsel to the Trust and, where applicable, to legal counsel to Trust's independent trustees; 

·      Provide consulting with respect to the ongoing design, development and operation of the Trust, including new Classes and/or load structures and financing, as well as changes to investment objectives and policies for the Trust; 

·      Provide instructions with respect to the ongoing design, development and operation of the Trust, including new Share classes and/or load structures and financing, as well as changes to investment objectives and policies for the Trust; 

·      Upon reasonable notice and as mutually agreed upon, the Administrator may provide such additional services with respect to a Trust, which may result in an additional charge, the amount of which shall be agreed upon between the parties prior to the provision of such service. 

·      Maintain a business continuity and disaster recovery plan for the Administrator’s operations, systems hardware, software and data 

·      Perform  Subchapter M related tests as required by the Internal Revenue Code with respect to status as a regulated investment company 

·      Review subchapter M tests.

·      Co-ordinate with an external accounting firm to prepare and file federal, state and local income and excise tax returns (including extensions) for the Trust other than those required to be prepared and filed by the Trust's transfer agent or custodian.  The cost will be a Trust level expense. 

·      Prepare for review by Trust management and independent tax advisor data for year-end 1099’s and supplemental tax letters; 

·      Review and approve data for year-end 1099's and supplemental tax letters. 

·      Assist on ASC 740 monitoring and analysis for financial statement disclosure, if necessary.

·      Prepare with assistance from Trust Counsel or other relevant tax professional any technical ASC 740 required memorandum or tax opinion on uncertain tax positions

·      The cost will be a Trust level expense.

·      Assist in computation of excise tax distribution requirement and its related tax liability.

·      Engage third party tax professional to prepare excise tax return including extension.

·      Coordinate with third party engaged by the Trust to prepare excise tax return, including extension The cost will be a Trust level expense.

·      Review and approve the computations.

·      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 independent public accountants of the Trust in connection with the preparation of any audit or report requested by Trust, including the provision of a conference room at the Administrator’s location if necessary (in this regard, Trust's independent auditors shall provide the Administrator with reasonable notice of any such audit so that (i) the audit will be completed in a timely fashion and (ii) the Administrator will be able to promptly respond to such information requests without undue disruption of its business). 

·      Aggregate and consolidate data from source systems based upon service levels of outsourcing agreement with SEI

·      Provide web-based reporting to Investment Adviser and sub-adviser access to Trust, position, and transaction data from source systems

·      Provide flexible reporting tool which allows users to customize reports

·      Provide online document retrieval tool via the SEI manager dashboard

·      Set up and configure Investment Adviser users and provide training

·      Provide users and their permissions to be set-up

·      Provide requirements for initial configuration

·      Create and maintain users and entitlements on the website

·      Maintain daily controls and reconciliation of data loaded to the data warehouse from the source systems

·      Provide any ongoing user permission changes or new user setups

·      Supporting annual prospectus updates for the Trust required under the Securities Act of 1933;

·      Assisting the Trust in certain filings required under the Securities Exchange Act of 1934;

·      Supporting the Board of Trustee’s annual review of the Distribution Agreement between SEI Investments Distribution Co. and the Trust;

·      Facilitating reviews of Trust regulatory materials and filings; 

·      Review relevant materials.  Provide information as requested by Administrator, including without limitation as to the Investment Adviser, portfolio managers, investment strategy;

·      Provide requested documents for Board of Trustees meeting;