For Individuals,For Plan Sponsors,Custom

ICMA-RC Investment Division Announces GIPS® Verification

July 9, 2018

The ICMA-RC Investment Division is now claiming compliance with the Global Investment Performance Standards ("GIPS®"). ICMA-RC, which has served public sector retirement plans and employees for over 45 years, recently made its investments available to private sector defined contribution plans. Many private plan sponsors seek organizations that abide by GIPS® before considering an investment manager's defined contribution investment only (DCIO) offerings.

"Becoming GIPS® compliant is a voluntary, but important, milestone for ICMA-RC," said Michael Guarasci, Senior Vice President & Chief Financial Officer. "GIPS® verification appeals to plan sponsors who want assurance that their investment manager adheres to high standards and we are pleased to have the verification for the benefit of our current and potential DCIO clients."

GIPS® is a set of global, standardized, industry-wide ethical principles that guide investment firms on how to calculate and present their investment performance to prospective clients. Although GIPS® compliance is not a regulatory requirement, it is considered an ethical commitment and a best practice for investment advisors.

Verification of GIPS® claim of compliance by an independent party, which ICMA-RC received from ACA Performance Services, LLC, involves a robust review of investment performance reporting and thorough testing of policies. ICMA-RC chose ACA because they are the largest team of professionals solely dedicated to GIPS® verification.

"Many plan sponsors view GIPS® verification as the gold standard for their investment managers," said Craig Lombardi, Managing Vice President of DCIO. "We are very pleased to be among the investment managers that have attained the third-party verification. This is a positive step for ICMA-RC, the manager of the Vantagepoint Funds, and for private sector plans who can now invest with us."

About ICMA-RC
ICMA-RC is an investment adviser registered with the U.S. Securities and Exchange Commission. For purposes of complying with the GIPS standards, the Firm is defined as the ICMA-RC Investment Division, which is an operating division within ICMA-RC that provides investment advisory and management services with respect to institutional portfolios, including collective investment trust funds established and maintained by ICMA-RC's wholly-owned subsidiary, VantageTrust Company, LLC.

The ICMA-RC Investment Division claims compliance with the Global Investment Performance Standards (GIPS®). For a copy of a presentation that complies with the GIPS standards and/or the firm's list of composite descriptions, please email GIPS@icmarc.org.

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