Administration Services

Compliance Oversight

MFAC provides expert regulatory and financial administration support during the fund creation and for ongoing operations. Our professionals work as back office “quarterback” to ensure fund compliance with federal securities laws and minimize costly reliance on outside counsel.

Portfolio Compliance

  • Monitor fund compliance with:
    • policies and investment limitations of the trust as set forth in its prospectus and statement of additional information
    • the requirements of Investment Company Act of 1940.

Internal Revenue Code Compliance

  • Monitor fund compliance as a regulated investment company under Subchapter M
    • Asset diversification requirements
    • Qualifying income requirements
    • Distribution requirements
MFAC Compliance Department

SEC Registration and Reporting

  • Coordinate and assist fund counsel in
    • annual update of registration statements
    • preparing proxy statements
  • File certified reports under Section 302 of the Sarbanes-Oxley Act of 2002 on Form N-CSR , N-CEN, and Form N-PORT
  • Prepare and file:
    • Rule 24f-2 notices
    • Rule 17g-1 filings – fidelity bond
  • Coordinate and assist filing Form N-PX - proxy voting