Page 391 - DCAC Feb 2026 Files

category Style Group Style Group

Each of the 8 criteria are evaluated on an individual basis and subjective based on Innovest’s assessment. Below are examples of the many factors under each
and Benchmark and Benchmark Consistency – Relative/Absolute/Risk Adjusted

Asset Base Current Growth of AUM Capacity Constraints Soft Closed Re-opening of Products Performance vs Term Short vs. Term Long Expenses Cost vs. Competitors

People Size of Team StructureofTeam Experience ofTeam Turnover of Key Members Growth of Team with Assets Philosophy/Process Investment Mandate Domestic/Int’l Drift Style Consistency Growth/Value, Market Cap Examples of things that would cause concern resulting in a YELLOWor RED box include but not limited to: A change in ownership whereby it is unclear what the structure of the new organiza

Key type of employment contracts are in place to keep key decision makers. of the team or is it someone new from outside the group or organization. if an investment team whose process heavily included onsite visits ceased to do so. Industry Benchmark ‐ Middle/Golden Line Peer Group of Funds Using Similar Investment Strategies ‐ Last/White Line

Fund Analysis Overview we consider when making an assessment. Organization Employee Pct. Owned by Boutique vs. Institutional Recent Changes in Ownership Culture Demonstrated commitment to culture Employee focus and engagement Client centric focus Community and charity importance to the organization 1)ORGANIZATION ‐ what 3)PEOPLE ‐ 4)PHILOSOPHY/PROCESS ‐ 6)ASSET BASE ‐ 7)PERFORMANCE ‐ for 8)