Page 51 - DCAC November 2023 Files

Innovest CIT Diligence Checklist

❑ At least 3-year track record showing reasonable risk-adjusted returns

❑ CIT mirrors the mutual fund strategy with no major notable difference in philosophy, process, style,
performance, or team

❑ Innovest clients are not the seed investor

❑ AUM is at least $500 million across all share classes of CIT

❑ Client assets do not comprise more than 10% of total CIT strategy AUM (client specific)

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