Page 32 - DCAC November 2023 Files

Following a Prudent Due Diligence Process

Important Observations

• Fiduciaries are not expected to consistently select investment options with the

highest return.

– Past performance does not equate to future results.

• Expectation to select managers through a deliberate, prudent process that

should be documented.

• Monitor managers’ quantitative and qualitative criteria and replace when

failing to meet established expectations.

• IPS is key to consistent process and results.

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