Investment Consulting and Monitoring Services

The Vendor is required to provide investment consulting and monitoring services for include:
- Investment performance review
•    Coordinate and schedule these meetings to occur within 25 business days from the following end-of-the-quarter dates: march 31, June 30, September 30, and December 31; and shall ensure that all necessary contractor staff are in attendance.
•    Provide the following documents and reviews at its quarterly meetings:
o    Investment options review – the monitoring of each current and legacy product, as contemplated by investment performance report 
o    Fiduciary process – monitor the plan’s investment options and investment categories for compliance with the plans objectives and document any unusual, notable, or extraordinary events. 
o    Department scoring methodology – a twelve (12) point qualitative and quantitative quarterly score based on the modern portfolio theory concept. 
o    Investment options watch list – a list of underperforming investment options subject to heightened review over a reasonable period. 
o    Investment options recommendations – suggestions for potential additional investment options or upon removal and replacement of underperforming investment options.
- Investment performance report
•    Investment option inception date - the date that the option was first offered to investors. 
•    Year to date performance – option performance since the start of the calendar year. 
•    One (1) year, three (3) year, five (5) year, and ten (10) year performances – option performances for the previous one (1), three (3), five (5) and ten (10) year periods. 
•    Since inception date performance – option performance since the date the option was first offered to investors. 
•    Expense ratio percentage - efficiency ratio that calculates management expenses as a percentage of the option’s total cost. 
•    Benchmark comparisons – comparison to an appropriate option standard.
•    Investment strategy for investment option – the allocation of investments among different categories, such as stocks, bonds, and cash. 
•    Management tenure - the length of time that a manager has been at the helm of a mutual fund. 
•    Peer group percentile - relative ranking of the option’s return for the period compared to the peer group’s return expressed as a percentile ranking. 
•    Investment options versus peer group evaluation – comparison of the option to its appropriate peer group. 
•    Criteria score based on IPS - a twelve (12) point qualitative and quantitative quarterly score based on the modern portfolio theory concept. 
•    Investment option watch list - underperforming funds subject to heightened review over a reasonable period. 
•    Calendar year returns – options’ returns for the current calendar year. 
•    Executive summary – summary of each option’s criteria scores for the previous four (4) quarters.
- Comprehensive investment performance report
•    Combined and summarized information from all four quarters of the year reported 
•    A comprehensive analysis of the performance of investment options consistent with the criteria established in the investment policy statement (IPS); 
•    Recommendations on investment options that should be replaced, to include justification as to each recommendation; 
•    Retrospective review and future economic analysis of micro and macro-economic conditions and the impact on investment options; and 
•    An executive summary providing a brief overview of the above topics.