Page 22 - DCAC Nov 2025 Files
P. 22
Collective Investment Trusts and Mutual Funds
Collective Investment Trusts Mutual Funds
Commonalities
• Qualified Plans Only • All Investors
• Declaration of Trust • Pooled Vehicle • Prospectus
• OCC and State Regulated • Daily Valued • SEC Registered and Regulated
• Trustees Held to ERISA • NSCC Traded • No ERISA Fiduciary Standards
Fiduciary Standards
• Fact Sheets Available • Data Publicly Available
• Data Provided by Manager • Institutional and Retail Pricing
• Audited Annually
• Institutional Pricing • May Offer Multiple Share
• Pricing Flexibility Classes
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