What is the reporting process on the UIT throughout the year?
The Investment Committee meets approximately every two months, which includes a meeting at least once or twice a year with AMI Partners and Commonfund to review investment performance, the strategy and outlook for investments of the UIT. Investment managers also provide written quarterly reports on UIT performance to the committee, along with updates on staff changes which might affect portfolio management. Within the Specific Trusts, investments are limited to the fixed income securities market as discussed above. Most investing of Specific Trusts, however, is done internally with the exception of a few accounts, which were set up with designated portfolio managers many years ago. The Vice-President (Administration) also makes quarterly reports on asset mix and performance to the Finance and Administration Committee and the Board of Governors.
