Ullico Investment Advisors, Inc. at Pennsylvania Department of the Treasury

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This Investment Advisor Agreement is between the Commonwealth of Pennsylvania Treasury Department and Thomas Mill Advisors, LLC. The Advisor is engaged to provide investment management advice, analysis, and cost-saving proposals for various state funds, including Insurance Funds and retirement system funds, acting in a fiduciary capacity. The agreement outlines the scope of services, standard of performance, confidentiality, and compensation, which is a monthly fee of $12,000. The initial term is from September 1, 2025, to August 31, 2026, with options for two successive one-year renewals.

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This Investment Plan Services Agreement, effective July 3, 2023, and running until June 30, 2028, formalizes the arrangement between The Vanguard Group, Inc. and the Commonwealth of Pennsylvania Treasury Department. Vanguard is appointed to provide non-discretionary investment management services for the Pennsylvania Tuition Account Program's Investment Plan (IP). The agreement details Vanguard's and Treasury's respective responsibilities, fee structures based on percentages of assets under management and underlying fund expenses, and includes provisions for confidentiality, liability, indemnification, and termination conditions. The contract outlines the specific Vanguard portfolios and investments to be utilized.

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This Second Amendment extends the Investment Advisor Agreement between the Pennsylvania Treasury Department and Marquette Associates (Original Contract TREA19020) for an additional two years. The extension runs from May 1, 2024, to April 30, 2026. The fees for these two years are specified as $575,000 for the first year (May 1, 2024 - April 30, 2025) and $600,000 for the second year (May 1, 2025 - April 30, 2026). The amendment clarifies that a prior First Amendment was terminated and that the original contract's terms remain in effect unless explicitly superseded by this amendment.

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This Consulting Agreement, effective September 11, 2023, is between the Pennsylvania Treasury Department and The Spaulding Group (TSG) for establishing GIPS Standards for Asset Owners. The agreement has a term of five years and incorporates TSG's proposal detailing GIPS consulting, planning sessions, and verification services. Specific fees are outlined for initial and annual services, but no single total contract amount is provided. The contract includes provisions for confidentiality, work product ownership by Treasury, and is governed by Pennsylvania law.