Which function is NOT typically handled by the Trust Investment Committee?

The function that is not typically handled by the Trust Investment Committee is to establish a sound loan policy.

The Trust Investment Committee primarily focuses on overseeing and managing the trust's investment portfolio. This includes reviewing third-party investment managers to ensure they are meeting performance benchmarks and aligning with the trust’s investment strategy. They also meet regularly to report to the Trust Committee on the performance of investments and changes in the market that could impact the portfolio. Additionally, the committee defines criteria for the retention of investments, assessing whether certain holdings continue to meet the trust’s objectives.

Establishing a sound loan policy is generally outside the committee's purview and is more likely to fall under the responsibilities of a different specialized committee, such as the lending or credit committee. This committee is focused on policies regarding how the trust handles loans, including criteria, approval processes, and risk management associated with lending. Therefore, while loan policies are crucial for the overall operations of a trust, they are not typically a direct responsibility of the Trust Investment Committee.