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Collective Fund Services - Corporate & Institutional | Wilmington Trust
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Collective Fund Services



Why are collective investment trusts (CITs) an attractive investment vehicle for your clients?



Including CITs in a portfolio, may be appropriate for retirement plan clients who are looking for fee flexibility, less operational responsibilities, and overall lower expenses.

Did you know?
  1. CITs are institutional products managed by a bank or trust company and sold exclusively to plan sponsors and fiduciaries


  2. CITs are specifically managed to comply with ERISA fiduciary standards and are subject to various federal and state regulations, including oversight by the Department of Labor (DOL) and the Office of the Comptroller of the Currency (OCC)


  3. CITs are available only as retirement plan vehicles


  4. CITs are comingled assets into one private investment portfolio with a specific strategy

Expense Structure

Because CITs are exempt from registration under the Securities Exchange Act of 1394, they can avoid many of the expenses borne by mutual funds, such as SEC registration and maintenance of an independent board of directors. CITs also may offer fee classes that provide payments to plan service providers such as recordkeepers.

Fee flexibility

Fees and expenses can vary depending on the retirement plan. CIT providers can offer lower fee classes to plan sponsor clients of advisors that hold broader relationships with the CIT fund manager.

How do CITs compare to Mutual Funds?

CIT
Mutual Funds
Qualified Plans Only
All investors
Declaration of Trusts
Prospectus
OCC and State Regulated
SEC registered and regulated
Trustees held to ERISA fiduciary standards
No ERISA fiduciary standards
Data provided by manager
Data publicly available
Both vehicles share the following attributes:
Pooled vehicle
Daily valued
NSCC traded
Fact sheets available
Audited annually




Our commitment to you

Wilmington Trust is a leader in the collective investment trust market with over $50 billion in assets under administration across funds managed by more than 50 sub-advisors and available on more than 45 trading platforms. Download a list of our CIT lineup, here.

Offering a high standard of service, Wilmington Trust is widely recognized and has a team of professionals that bring a unique blend of knowledge, experience, and resources to every client relationship that we serve.

In 2019, Wilmington Trust proudly partnered with Nasdaq Fund Network, marking the first time that investors could access information on these low-cost investment vehicles via a standardized ticker. Read the full press release and watch the video celebrating the partnership.

We provide collective investment trusts that are flexible and will work with you to provide education, transparency and drive operational efficiency.

Our team is committed to bringing flexible and scalable retirement plan options to advisors and to enhance your knowledge of CITs, why they are useful vehicles for your clients.

Connect with us

We invite you to contact us to learn more about how CITs can be a viable investment tool for you and your clients. Or, learn more by downloading our materials Note: CITs are restricted to use by certain tax-qualified investors consisting primarily of 401(k) and defined contribution plans. CITs are subject to regulation and oversight by banking regulators including, in the case of nationally chartered banking institutions, the Office of the Comptroller of the Currency (OCC).

Disclosures from date of NASDAQ:
Wilmington Trust N.A. Collective Investment Funds are bank sponsored collective portfolios; they are not mutual funds. Wilmington Trust, N.A. serves as the Trustee of the Wilmington Trust Collective Investment Trust and maintains ultimate fiduciary authority over the management of, and investments made in, the WTNA Funds. The WTNA Funds and units therein are exempt from registration under the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended. Investments in the WTNA Funds are not deposits or obligations of or guaranteed by Wilmington Trust, and are not insured by the FDIC, the Federal Reserve, or any other governmental agency. The WTNA Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the WTNA Funds. Participation in Collective Investment Trust Funds is limited primarily to qualified defined contribution plans and certain state or local government plans and is not available to Keogh plans, IRAs and health and welfare plans. Collective Investment Trust Funds may be suitable investments for participants seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges and expenses of any pooled investment company carefully before investing. The Additional Fund Information and Principal Risk Definitions (PRD) contains this and other information about a Collective Investment Trust Fund and is available at www.wilmingtontrust.com/PrincipalRiskDefinitions or ask for a copy by contacting Wilmington Trust, N.A. at (866)427-6885.



Rob Barnett
Rob Barnett
Administrative Vice President
360-904-6945
Email Rob
Joe Donovan
Joe Donovan
Vice President
203-623-0292
Email Joe
Val Ferrara
Val Ferrara
Vice President
212-326-9662
Email Val

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Wilmington Trust is a registered service mark used in connection with various fiduciary and non-fiduciary services offered by certain subsidiaries of M&T Bank Corporation including, but not limited to, Manufacturers & Traders Trust Company (M&T Bank), Wilmington Trust Company (WTC) operating in Delaware only, Wilmington Trust, N.A. (WTNA), Wilmington Trust Investment Advisors, Inc. (WTIA), Wilmington Funds Management Corporation (WFMC), and Wilmington Trust Investment Management, LLC (WTIM). Such services include trustee, custodial, agency, investment management, and other services. International corporate and institutional services are offered through M&T Bank Corporation's international subsidiaries. Loans, credit cards, retail and business deposits, and other business and personal banking services and products are offered by M&T Bank, member FDIC.

International corporate and institutional services are offered through Wilmington Trust Corporation's international affiliates.

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WTIA, WFMC, and WTIM are investment advisers registered with the Securities and Exchange Commission (SEC). Registration with the SEC does not imply any level of skill or training. Additional Information about WTIA, WFMC, and WTIM is also available on the SEC's website at adviserinfo.sec.gov.

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