Page 318 - DCAC February 2024 Files

retired from the firm effective June 30, 2023. Effective June 1, 2023, firm veterans Roz Hongsaranagon, Aidan O'Connell, and Eric Stern officially
This fund has trailed its benchmark and peers over the 3 year and 5 year period, warranting a minor concern. Innovest will continue to monitor
Head of Fixed Income at Capital Group and has been with the firm for 8 years. Tim will retire after a 40-year career at Capital Group. While this
Head of Fixed Income at Capital Group and has been with the firm for 8 years. Tim will retire after a 40-year career at Capital Group. While this
President and Chief Executive Officer (CEO) of Capital Group and Chair of Capital Group’s management committee. Mike is was previously the
President and Chief Executive Officer (CEO) of Capital Group and Chair of Capital Group’s management committee. Mike is was previously the
Effective October 24, 2023, Chairman and CEO of Capital Group, Tim Armour, stepped down from his leadership role. Mike Gitlin took over as
Effective October 24, 2023, Chairman and CEO of Capital Group, Tim Armour, stepped down from his leadership role. Mike Gitlin took over as
Effective October 24, 2023, Chairman and CEO of Capital Group, Tim Armour, stepped down from his leadership role. Mike Gitlin took over as
joined the management team. Effective November 1, 2023, Jody Jonsson transitioned out of The Growth Fund of America® to focus on other
Head of Fixed Income at Capital Group and has been with the firm for 8 years. Tim retired after a 40-year career at Capital Group. While this
President and Chief Executive Officer (CEO) of Capital Group and Chair of Capital Group’s management committee. Mike was previously the
This fund has underperformed benchmarks and peers over the last 3 and 5 year rolling periods. Innovest will continue to monitor the fund.
After 38 years with Capital Group, portfolio manager Lawrence R. Solomon exited the Growth Fund of America® effective June 1, 2023 and
Longtime manager Jonathan Knowles stepped down from this fund on January 2, 2024, and will retire from Capital Group on April 1, 2024.
The strategy has underperformed its benchmark and peers over the rolling 3-year and 5 year period. Innovest will continue to monitor the
Firm veteran Dina Perry relinquished her manager duties and retired from the firm on December 31, 2022. She was the longest-serving
manager here, but the strategy remains in good hands since the other 7 managers remain. Dimitrije Mitrinovic officially joined the
responsibilities at the firm. An expansive and experience PM team remains. Innovest will continue to monitor the fund. (4Q23)
management team on November 1, 2022. This does not warrant a concern. Innovest will continue to monitor the fund.
change does not warrant a concern, Innovest will continue to monitor. (4Q23)
change does not warrant a concern, Innovest will continue to monitor. (4Q23)
change does not warrant a concern, Innovest will continue to monitor. (4Q23)
Comments
management of this fund. (4Q23) With multiple other managers on this fund, Knowles' departure does not warrant a concern. Innovest will continue to monitor the This fund’s performance has struggled over the 3- and 5-year time periods vs its benchmark and peers. Innovest will continue to monitor the performance of this fund. This fund had a soft close, but has reopened
this fund. fund. The Expense Ratio and Median Expense Ratio for Hedge Fund of Funds and Private Equity Fund of Funds excludes underlying fund expenses; the expenses shown are only at the Fund of Funds level.
Score Factor Organization People Performance Organization People Performance Performance Organization People Performance Asset Base Performance Organization People For additional disclosures related to any non-mutual fund alternative investments, please see the full disclaimer in the appendix.
Manager Scorecard Manager American Funds FInv;R6 (RFNGX) American Funds FInv;R6 (RFNGX) American Funds FInv;R6 (RFNGX) American Funds Gro;R6 (RGAGX) American Funds Gro;R6 (RGAGX) American Funds Gro;R6 (RGAGX) MassMutual S:MCG;I (MEFZX) American Funds EuPc;R6 (RERGX) American Funds EuPc;R6 (RERGX) American Funds EuPc;R6 (RERGX) Invesco Dev Mkt;R6 (ODVIX) Invesco Dev Mkt;R6 (ODVIX) PIMCO:Tot Rtn;Inst (PTTRX)