Pike RFP

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Investment Consulting Services & Due Diligence Process
Effective May 2014
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The next step in our due diligence process is
to critically screen through a universe of
mutual funds. Throughout this process we
are reviewing the following factors which
include but are not limited to:
 Management Tenure – How long has the
portfolio manager(s) been overseeing the
fund?
 Operating Expense (aka Management
Fee) – Is it competitive relative to its peer
group?
 Investment Performance – Is it
competitive relative to its peer group?
 Calendar Year Performance – Has all of
its over/under performance been
attributable to one or two good years or
has it been consistently competitive
relative to its peer group?
 Allocation by Holding – Is it diversified
within the top 10 holdings and how many
positions does it own?
 Allocation by Sector – Is it diversified
amongst sectors of the economy and
where is it making its biggest bet?
 Financial Statistics for Stock Funds
such as the average price/earnings ratio
and the median market capitalization – Is
it pure to its style?
 Financial Statistics for Bond Funds
such as average credit quality, effective
duration and average maturity – Is it over
or underweighting governments and/or
corporate bonds and how much risk is it
taking?
Through CBIZ’s due diligence efforts the
investment options will be well-diversified;
professionally managed; charge fees that are
reasonable vis-a-vis the asset class and/or
investment approach; and provide, in the
aggregate, the participant with the
opportunity to structure a competitive
portfolio with risk and return characteristics
suitable to long-term investment programs.
More Information
To learn more about our investment
consulting services and the due diligence
process, feel free to contact us at (866) 560-
2431 o
Investments and advisory services offered through CBIZ Financial Solutions, Inc.,
Member FINRA, SIPC and SEC Registered Investment Adviser, dba CBIZ Retirement
Plan Advisory Services. CBIZ Financial Solutions, Inc. is a subsidiary of CBIZ, Inc.
(NYSE Listed: CBZ)
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