Specifications include, but are not limited to: The Arizona Department of Administration, State Procurement Office (the State), on behalf of the Industrial Commission of Arizona (ICA), as authorized under A.R.S. § 41-2501 et seq. is seeking to establish one or more Contracts to provide Index Fund-Passive Large Cap Growth Services. The State anticipates awarding contract(s) with the intent to secure service coverage statewide. Whether or not it actually enters into any contracts, how many contracts it enters into, and how the work is awarded between those contracts are all at the State’s discretion. Furthermore, the State will use any awarded contracts on an as-needed basis, with no guarantee as to its actual spending under them. 3.1. The Contractor shall comply with all applicable Arizona State and federal statutes and regulations in the performance of its services, including but not limited to: Special Fund investment Title 6 - Banks and Financial Institutions. Securities Act of 1933. Securities Exchange Act of 1934. Trust Indenture Act of 1939. Investment Company Act of 1940. Investment Advisers Act of 1940. Sarbanes-Oxley Act of 2002. Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. 3.2. The Contractor shall adhere to the Investment Committee’s policies set forth in the Special Fund Investment Objectives and Guidelines, (See Exhibit A). 3.3. The Contractor shall be registered as an investment advisor under the Investment Company Act. 3.4. The Contractor’s assets under management (AUM) must be $100 billion minimum, 3.5. The Contractor’s strategy AUM must be $100 million minimum. 3.6. The contractor must have a minimum 5 year performance history for continuously managing passive index products for institutional investors prior to 12/31/2022. 3.7. The Contractor must be able to manage tax exempt, non-retirement assets.
