Page 23 - DCAC Nov 2025 Files

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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