1. Advise on the development, implementation and/or revision of investment policies and guidelines. 2. Provide capital markets and asset allocation reviews and recommendations, including reports of general economic conditions and forecasts of interest rates, inflation, and risk and returns for all asset classes. 3. Advise on portfolio structure (e.g., active vs. passive, investment style mix). 4. Provide research and reports on various investment topics and provide educational presentations to the Board. 5. Perform monthly performance analysis by manager, asset class, and total fund, including peer universe comparisons at the asset class and total fund levels, and provide monthly reports on the findings. 6. Meet with the Board on a quarterly (or more frequent) basis to discuss the items mentioned above. 7. Conduct and/or assist in manager searches, selections, watch list placements and terminations. 8. Analyze and advise on the capabilities of investment managers, including the analysis of a firm’s personnel, investment philosophies and processes, internal and risk controls, riskadjusted performance and performance relative to benchmarks and peers. 9. In conjunction with the Trust, periodically review the performance of investment managers through various methods, including interviews and on-site visits.
