AGENDA

I. Introductions

II. Approval of the Minutes – November 14, 2023

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Investment Performance on College Investment Plan

IV. Discussion and Action Items

A. Discussion and Vote on Recommendation Regarding 2024 Committee Goals

B. Update Regarding Small Balance Provider IRA

C. Update Regarding Self-Directed Brokerage Accounts

D. Discussion and Vote on Recommendation Regarding Contract Extension for Investment Consultant and Approval to Proceed with RFP

E. Legislative Updates

V. Executive Session

VI. Public Comment

VII Next Meeting – May 14, 2024

VIII. Adjournment

AGENDA

1. Introductions
2. Approval of the Minutes for August 15, 2023
3.  Presentations
   1. Investment Performance on Deferred Compensation Plans
   2. Investment Performance on College Investment Plan
4. Discussion and Action Items
   1. Discussion and Possible Vote on Recommendation Regarding Watch List
   2. Discussion and Possible Vote on Recommendation Regarding Small Balance IRA Provider
   3. Discussion and Possible Vote on Recommendation Regarding Deferred Compensation Investment Policy Statement
   4. Discussion Regarding Self-Directed Brokerage Accounts
   5. Discussion on 2024 Plans Management Board and Committee Meeting Schedule
   6. Legislative Updates
5. Executive Session
   • None Scheduled
6. Public Comment
7. Next Meeting – February 13, 2024
8. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 16, 2023

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. American Funds Target Date Fund Overview by Capital Group

C. Investment Performance on College Investment Plan

IV. Action Items and Updates

A. Discussion and Vote Regarding Watch List

B. Discussion and Vote Regarding Small Balance IRA Provider

C. Discussion Regarding SECURE Act. 2.0

D. Legislative Updates

V. Executive Session

VI. Public Comment

VII. Next Meeting – November 14, 2023

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 14, 2023

III. Presentations

A. Investment Performance on College Investment Plan

B. Investment Performance on Deferred Compensation Plans

IV. Action Items

A. Discussion and Possible Vote Regarding Watch List

B. Discussion and Vote Regarding Small Balance IRA Provider

C. Discussion and Vote Regarding Managed Account and Self-Directed Brokerage Service Providers

1. CAPTRUST Memorandum

2. Merger Information

D. Discussion and Vote Regarding Managed Account Service Consent Agreement

1. Overview Letter

2. Managed Account Program Change

E. Discussion Regarding SECURE Act 2.0

F. Legislative Updates

V. Executive Session

VI. Public Comment

VII. Next Meeting – August 15, 2023

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 15, 2022

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Defined Contribution 2022 Q4 Investment Review

2. State of Delaware Large Cap Growth Investment Summary 12-31-22

3. State of Delaware Plan Menu 12-31-22

B. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Recommendation Regarding T. Rowe Price Blue Chip Growth Fund

B. Discussion and Vote Regarding 2023 Committee Goals

C. Discussion Regarding Tier II Fund Offerings

D. Discussion and Vote on Recommendation Regarding CAPTRUST Contract Extension

E. Legislative Updates

V. Executive Session

VI. Public Comment

VII. Next Meeting – May 16, 2023

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 17, 2022

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Recommendation Regarding Watch List Fund Addition of T. Rowe Price Blue Chip Growth I

B. Discussion and Vote Regarding Deferred Compensation Investment Policy Statement

C. Discussion Regarding Small Balance IRA Provider

D. Discussion on 2023 Plans Management Board and Committee Meeting Schedule

E. Discussion and Vote on Recommendation Regarding Fidelity Series Fund Expansion (following executive session)

V. Executive Session

A. The Investment Committee intends to discuss certain matters in executive session pursuant to 29 Del. C. §§ 2722(c)(5), 10002(o)(6), and 10004(b)(6)

VI. Public Comment

VII. Next Meeting – February 14, 2023

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – May 17, 2022

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. American Funds Target Date Fund Overview by Capital Group

C. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Recommendation to Add Fidelity Sustainable Multi-Asset Fund to 529 Plan [Tabled by Committee Chair to be discussed at a later date TBD]

B. Discussion and Recommendation Regarding Watch List Fund Addition of T. Rowe Price Blue Chip Growth I

V. Public Comment

VI. Executive Session-None Scheduled

VII. Next Meeting – November 15, 2022

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – February 15, 2022

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Recommendation Regarding Tier Two Investment Options for Deferred Compensation Plans

B. Discussion and Vote on Recommendation Regarding Managed Account and Self-directed Brokerage Services for Deferred Compensation Plans

C. Discussion and Vote on Recommendation Regarding Changes to the Investment Policy Statement for the 529 Plan

V. Public Comment

VI. Executive Session-29 Del. C. §§ 2711(c)(5), 10004(b)(6)

VII. Next Meeting – August 16, 2022

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes – November 16, 2021

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Recommendation Regarding 2022 Committee Goals

B. Discussion and Vote Regarding Status of Lazard International R6 Fund

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – May 17, 2022

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes August 17, 2021

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Investment Performance on College Investment Plan

IV. Action Items

A. Discussion and Vote on Investment Policy Statements

1. Deferred Compensation Plans

2. College Investment Plan

B. Discussion and Vote Regarding Status of Lazard International R6 Fund

C. Discussion and Vote Regarding Addition of Stable Value Fund (529 Plan)

D. Discussion and Vote Regarding 2022 Meeting Schedule

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – February 15, 2022

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes for May 18, 2021

III. Presentations

A. Investment Performance on Deferred Compensation Plans

B. Target Date Overview by American Funds

C. Investment Performance on College Investment Plan

IV. Discussion and Action Items

A. Recommendation Regarding Watch List Fund-Lazard International R6

B. Discussion on College Plan Administration Fund Balances

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – November 16, 2021

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes for February 16, 2021

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Deferred Compensation Plans Quarterly Review

2. State of Delaware Memo – Voya’s Process for Review of Outside Providers

B. Investment Performance on College Investment Plan

1. State of Delaware 529 Plan Quarterly Review

IV. Discussion and Action Items

A. Recommendation Regarding Placing Lazard International on Watch

B. Discussion and Recommendation on College Plan Administration Fund Balances

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – August 17 , 2021

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes 11-17-20

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report 12-31-20 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 12-31-20 (Full Report)

3. State of Delaware Value Funds and Objectives

B. Investment Performance on College Investment Plan

IV. Discussion and Action Items

A. 2021 Committee Goals

B. 2021 Education Schedule

C. Recommendation Regarding Notice of Assignment for Investment Consultant Agreement

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – May 18, 2021

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes for May 19, 2020

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report 6-30-20 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 6-30-20 (Full Report)

3. State of Delaware Stable Value Overview

B. Target Date Overview by American Funds

C. Investment Performance on College Investment Plan

IV. Discussion and Action Items

A. Watch List Recommendations

B. Investment Policy Statement Review-Deferred Compensation Plans

C. Investment Policy Statement Review- [DRAFT] College Invesment Plan

D. Recordkeeper RFPs and Contract Extensions

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – November 17, 2020

VIII. Adjournment

I. Introductions

II. Approval of the Minutes

A. Minutes for May 19, 2020

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report 6-30-20 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 6-30-20 (Full Report)

3. State of Delaware Stable Value Overview – August 2020

B. Target Date Overview by American Funds

C. Education Savings Plan Fiduciary Due Diligence Report 6-30-20

IV. Discussion and Action Items

A. Watch List Recommendations

B. Investment Policy Statement Review-Deferred Compensation Plans

C. Investment Policy Statement Review- [DRAFT] College Investment Plan

D. Recordkeeper RFPs and Contract Extensions

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – November 17, 2020

VIII. Adjournment

I. Introductions

II. Approval of the Minutes

A. Minutes from February 18, 2020

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report 3-31-20 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 3-31-20 (Full Report)

3. Asset Class Discussion May 2020

B. Investment Performance on College Investment Plan

C. College Investment Plan Strategic Equity Allocation update by Fidelity

IV. Discussion and Action Items

A. Watch List Recommendations

B. Recommendation to add American Funds 2065 Target Date Retirement Fund-Class R-6

C. Recommendation Regarding Managed Account and Self-directed Brokerage Services

D. Discussion of National ABLE Alliance Emerging Markets Manager Search

E. Discussion of National ABLE Alliance and Fifth Third Bank

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – August 18, 2020

VIII. Adjournment

I. Introductions

II. Approval of the Minutes 11-19-2019

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report 12-31-19 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 3-31-20 (Full Report)

B. Investment Performance on College Investment Plans

IV. Discussion and Action Items

A. Watch List Discussion and Recommendation

B. ABLE Plan Share Class Change Vanguard Short-Term Inflation Protected Index Fund

C. Discussion on 2020 Committee Goals

D. Discussion and Recommendation of Investment Consultant Request for Proposal

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – May 19, 2020

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes for August 20, 2019

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report (Abridged)

2. State of Delaware Fiduciary Due Diligence Report (Full Report)

a. JPMorgan US Small Company Fund

B. Investment Performance on College Investment Plans

IV. Discussion and Action Items

A. Watch List Discussion and Recommendations

B. Discussion of Investment Policy Statement- College Investment Plan

C. Discussion of Investment Consultant Request for Proposal

D. Discussion and Recommendation Regarding Investment Consultant Agreement Extension Through March 31, 2019

E. Discussion and Recommendation on Fidelity’s Proposed Changes to 529 Investment Management Agreement

V. Public Comment

VI. Executive Session-none scheduled

VII. Next Meeting – February 18, 2020

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes for May 21, 2019 meeting

III. Presentations

A. Investment Performance on College Investment Plans

B. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report (Abridged)

2. State of Delaware Fiduciary Due Diligence Report (Full Report)

3. Deferred Compensation Plans – Investment Structure

a. Target Date Fund Overview by American Funds

1) Ronan J. Burke Biography

2) Rich Lang Biography

IV. Discussion and Action Items

A. Recommendation Regarding Fidelity Investment Management Agreement

B. Recommendation Regarding Investment Consultant Request for Proposal

C. Discussion of Investment Policy Statements

1. Investment Policy Statement for Deferred Compensation Plans

2. Investment Policy Statement for 529 Plan

V. Public Comment

VI. Next Meeting – November 19, 2019

VII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes from February 19, 2019 Meeting

III. Presentations

A. Investment Performance on Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report (Abridged)

2. State of Delaware Fiduciary Due Diligence Report (Full Report)

3. State of Delaware Additional Investment Analysis Tier 2 Mutual Funds (Actively Managed)

4. State of Delaware Memo – Voya’s Review of Morningstar and TD Ameritrade

B. Investment Performance on College Investment Plans

C. Fidelity College Investment Plan Removal of Multi-firm and Addition of Blend Option

IV. Discussion and Action Items

A. Proxy Voting Policy

B. Fidelity College Investment Plan Removal of Multi-Firm Option and Addition of Blend Option

V. Public Comment

VI. Executive Session

VII. Next Meeting – August 20, 2019

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes from November 20, 2018 meeting

III. Presentations

A. Deferred Compensation Plans

1. State of Delaware Fiduciary Due Diligence Report (Abridged)

2.

B. College Investment Plan

IV. Discussion and Action Items

A. Committee Goals and Objectives for 2019

B. Watch List and Replacement Recommendations

V. Public Comment

VI. Executive Session

VII. Next Meeting – May 21, 2019

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of the Minutes

A. Minutes for August 21, 2018

III. Vendor Presentations on Investment Performance

A. College Investment Plan by Fidelity Investments

B. Deferred Compensation Plans by Cammack Retirement Group (Cammack)

IV. Discussions and Action Items

A. Review and Approval of Cammack Contract extension and Amendment

V. Public Comment

VI. Executive Sessions

A. None scheduled

VII. Next Meeting – February 19, 2019

VIII. Adjournment

AGENDA

I. Introductions

II. Approval of Minutes

A. May 22, 2018 Investment Committee Meeting

III. Presentations

A. College Investment Plan by Fidelity Investments

1. Delaware College Investment Plan Competitor Age-Based Portfolio Comparisons June 30, 2018

2. Delaware College Investment Plan Q2 2018 Board Review

3. Delaware College Investment Plan Investment Performance Review

B. Deferred Compensation Plans by Cammack Retirement Group

1. State of Delaware Fiduciary Due Diligence Report 6-30-18 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 6-30-18 (Full Report)

a. ClearBridge

b. Target Date Fund Overview by American Funds

1) State of Delaware Deferred Compensation AFTD Review

2) Cammack State of Delaware Default Investment Option Discussion

IV. Discussions

A. Investment Policy Statements

1. Cammack Relationship Summary Memo OST Investment Recommendation Final 2016

2. Draft Investment Policy Statement 9-5-18

3. Draft Investment Policy Statement June 30 Cumulative Redline

B. Investment Options – Delaware DEFER

C. Investment Options

D. Self Directed Brokerage

V. Public Comments

VI. Executive Sessions (none scheduled)

VII. Next Meetings

A. Plans Management Board September 5, 2018

B. Investment Committee Meeting November 20, 2018

VIII. Adjournment

AGENDA

I. Introductions

A. Approval of Committee Members Designees

B. Discussion and approval of Committee Vice-Chair

II. Approval of Minutes

A. February 20, 2018 Investment Committee Meeting

III. Presentations

A. College Investment Plan by Fidelity Investments

1. Delaware College Investment Plan Competitor Age-Based Portfolio Comparisons March 31, 2018

2. Delaware College Investment Plan Q1 2018 Board Review

3. Delaware College Investment Plan Investment Performance Review

B. Deferred Compensation Plans by Cammack Retirement Group

1. State of Delaware Fiduciary Due Diligence Report 3-31-18 (Abridged)

2. State of Delaware Fiduciary Due Diligence Report 3-31-18 (Full Report)

IV. Discussions

A. Investment Policy Statements

1. Draft Investment Policy Statement 2018 Redline

2. Draft Investment Policy Statement June 12, 2018

3. OST Investment Policy Statement Presentation May 22, 2018

V. Public Comments

VI. Executive Sessions (none scheduled)

VII. Next Meetings (PMB 6/12/18, IC 8/21/18)

VIII. Adjournment

AGENDA

I. Introductions

II. Presentations

A. Investment Performance on Deferred Compensation Plans by Cammack Retirement Group

B. Investment Performance on College Investment Plan by Fidelity

III. Discussions

A. Feedback on Investment Reporting Package Structure

B. 2018 Schedule and Committee Initiatives

IV. Public Comments

V. Adjournment