Page 48 - DCAC November 2023 Files

Collective Investment Trusts-Drawbacks

• CITs do not have a ticker symbol or prospectus, thus limiting a participant’s ability to conduct
independent research and performance evaluation. Fund information most likely would be
accessed via record keeper websites.

• Participants that are invested in CITs and then leave their employer can not roll their collective
trust over to an IRA. They have to sell and then roll over cash.

• CITs assume the same investment risk as other investments, with no guarantee from the bank or
any regulatory authority such as the FDIC.

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