• Under the direction of SIB or its designee, analyze and evaluate asset allocation plans for the Trust based on age groups of its beneficiaries as well as allocation for risk reduction. • Review and analyze the investment performance of the program manager(s) of the Trust using criteria developed by SIB as well as criteria developed by the program manager(s) or outside consultants. Periodically, there may be additional evaluations comparing ScholarShare 529 investment performance and fees to the performance between the national plans and/or other 529 state plans. Additional analysis may include other peer reviews, gap analyses, and/or feasibility studies and projections. • Regularly review and propose changes to the Investment Policy and Monitoring Procedures as needed. • Conduct monthly evaluations of the Trust which compare monthly investment results to appropriate indices and SIB policies, including compliance by the program manager(s) to these policies, and provide evaluations to SIB or its designee within 10 business days of receiving the data from each program manager. • Advise SIB or its designee of which data should be reported from the program manager(s). • Provide clarification and assistance to SIB in understanding various investment vehicles and the investment market. This may include providing training seminars, as necessary, on rates of return, investment products, strategies or other fundamental concepts of investing to SIB and its staff. • Inform the SIB or its designee in the event of significant changes in the investment climate or market conditions that could affect Trust investments. • Provide general advice, counsel, analyses, and recommendations on a variety of investment related matters regarding the Trust, including but not limited to, investment personnel, investment strategy, investment menu design, as well as overall investment health of the program manager(s), other 529 vendors, and 529 industry issues and trends. • Review and evaluate investment vehicles, options, and/or funds proposed for the Board’s consideration for potential inclusion to the Plan pursuant to the Board’s procedures and in discussion with SIB staff and the program manager(s), as applicable. • Participate in the development of request for proposals and subsequent selection process. • Work with SIB’s consultants and program manager(s) if needed. • Participate in meetings with SIB staff, program manager(s), fund managers, stakeholders, and/or outside agencies or research companies, which may include due diligence meetings and annual program reviews. • Attend SIB meetings unless notified otherwise by the SIB or its designee. It is anticipated that the SIB will meet approximately four times per year. • Be available to consult with SIB members and the Executive Director from 8:00 a.m. to 5:00 p.m. Pacific Time, Monday through Friday. • Respond to the need for telephone consultation within a 24-hour period and be available for meetings with SIB with no greater than 10 days’ notice.
