Name, Address and Birthdate
|
Position(s) Held with the Trust
|
Length of Time Served
|
Number of Funds in Fund Complex1 Overseen by Trustee
|
Principal Occupation(s) During the Past Five Years
|
Other Directorships Held by Trustee
|
Interested Trustees
|
|||||
John Leonard2
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
March 1960
|
Trustee, President and Chief Executive Officer
|
Since March 9, 2023
|
6
|
Executive Director and Chairperson of Equities – Macquarie Asset Management (2017-Present)
Head of Equities and Group Managing Director – UBS Asset Management (2008-2016)
|
None
|
Independent Trustees
|
|||||
Pamela J. Moret
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
February 1956
|
Trustee
|
Chair since January 1, 2022
Trustee since October 1, 2013
|
6
|
Private Investor (2015–Present)
Chief Executive Officer—brightpeak financial (2011–2015)
Senior Vice President—Thrivent Financial for Lutherans (2002–2015)
|
Director and Chair—Blue Cross Blue Shield of Minnesota (2014–Present)
|
Kevin G. Chavers
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
August 1963
|
Trustee
|
Since August 26, 2021
|
6
|
Private Investor (2021–Present)
Managing Director—BlackRock (Asset management) (2011–2021)
|
Director—Chimera Investment Corporation (2021–Present)
Director—SMBC Americas Holdings, Inc. (2021–Present)
Director—Toorak Capital Partners (2021–Present)
Director—Freddie Mac (2022–Present)
|
Robert J. Christian
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
February 1949
|
Trustee
|
Since November 1, 2007
|
6
|
Private Investor (2006-Present)
|
Trustee—Fund Vantage Trust (34 mutual funds) (2007–Present)
Trustee—Third Avenue Trust (3 mutual funds) (2019–Present)
Trustee—Third Avenue Variable Series Trust (1 mutual fund) (2019–Present)
|
Dianna Gonzales-Burdin
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
August 1961
|
Trustee
|
Since August 3, 2022
|
6
|
Private Investor (2021–Present)
Managing Director—Strategic Investment Group (1991–2021)
|
Director—Heartland Funds (3 mutual funds) (2022–Present)
|
Mark K. Hancock
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
February 1968
|
Trustee
|
Since August 3, 2022
|
6
|
President—The Glenmore Group LLC (2016-Present)
Managing Director (2005-2015)— Goldman Sachs Asset Management
|
None
|
Stephen P. Mullin
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
February 1956
|
Trustee
|
Since July 17, 2003
|
6
|
Principal—Econsult Solutions, Inc. (2020–Present)
President—Econsult Solutions, Inc. (2013–2020)
|
None
|
Susan M. Stalnacker
100 Independence
610 Market Street
Philadelphia, PA 19106-2354
January 1953
|
Trustee
|
Since December 14, 2016
|
6
|
Senior Advisor—Boston Consulting Group (2016–Present)
Vice President–Productivity & Shared Services—E.I. du Pont de Nemours and Company (2012–2016)
Vice President and Treasurer—E.I. duPont de Nemours and Company (2006–2012)
|
Director—Leidos (2016–Present)
Director—Bioventus (2018–Present)
|
Officers
|
Position(s) Held with the Trust
|
Length of Time Served
|
Principal Occupation(s) During the Past Five Years
|
||
David F. Connor
100 Independence,
610 Market Street
Philadelphia, PA 19106-2354
December 1963
|
Senior Vice President and Secretary
|
Senior Vice President since May 2013; Secretary since October 2005
|
David F. Connor has served in various capacities at different times at Macquarie Asset Management.3
|
Daniel V. Geatens
100 Independence,
610 Market Street
Philadelphia, PA 19106-2354
October 1972
|
Senior Vice President, Treasurer and Chief Financial Officer
|
Treasurer since September 2007; Senior Vice President and Chief Financial Officer since December 2019
|
Daniel V. Geatens has served in various capacities at different times at Macquarie Asset Management.3
|
A.G. Ciavarelli
100 Independence,
610 Market Street
Philadelphia, PA 19106-2354
July 1972
|
Senior Vice President, General Counsel and Assistant Secretary
|
Senior Vice President and General Counsel since June 2021; Assistant Secretary since December 2004
|
A.G. Ciavarelli has served in various capacities at different times at Macquarie Asset Management.3
|
Name
|
Dollar Range of Equity Securities
in the Fund
|
Aggregate Dollar Range of Equity
Securities in All Registered
Investment Companies overseen by
Trustee in Family of Investment
Companies1
|
Interested Trustees
|
||
John Leonard
|
None
|
None
|
Independent Trustees
|
||
Kevin G. Chavers
|
Optimum Large Cap Growth Fund
$1–$10,000
Optimum Large Cap Value Fund
$1–$10,000
Optimum Small-Mid Cap Growth Fund
$1–$10,000
Optimum Small-Mid Cap Value Fund
$1–$10,000
Optimum International Fund
$1–$10,000
Optimum Fixed Income Fund
$1–$10,000
|
$10,001-$50,000
|
Pamela J. Moret
|
Optimum Large Cap Growth Fund
$1–$10,000
Optimum Large Cap Value Fund
$10,001–$50,000
Optimum Small-Mid Cap Growth Fund
$1–$10,000
Optimum Small-Mid Cap Value Fund
$1–$10,000
Optimum International Fund
$1–$10,000
Optimum Fixed Income Fund
$1–$10,000
|
$10,001-$50,000
|
Stephen P. Mullin
|
Optimum Large Cap Growth Fund
$50,001–$100,000
Optimum Large Cap Value Fund
$50,001–$100,000
Optimum Small-Mid Cap Growth Fund
$10,001–$50,000
Optimum Small-Mid Cap Value Fund
$10,001 - $50,000
Optimum International Fund
$10,001–$50,000
Optimum Fixed Income Fund
Over $100,000
|
Over $100,000
|
Susan M. Stalnecker
|
Optimum International Fund
Over $100,000
|
Over $100,000
|
Robert J. Christian
|
Optimum Large Cap Growth Fund
$10,001–$50,000
Optimum Large Cap Value Fund
$10,001–$50,000
Optimum Small-Mid Cap Growth Fund
$1–$10,000
Optimum Small-Mid Cap Value Fund
$10,001–$50,000
Optimum International Fund
$10,001–$50,000
Optimum Fixed Income Fund
Over $100,000
|
Over $100,000
|
Mark K. Hancock
|
None
|
None
|
Dianna Gonzales-Burdin
|
Optimum Large Cap Value Fund
$10,001–$50,000
Optimum Small-Mid Cap Value Fund
$10,001–$50,000
Optimum International Fund
$10,001–$50,000
Optimum Fixed Income Fund
$10,001–$50,000
|
$50,001-$100,000
|
1 The ranges for equity securities ownership by each Trustee are: none; $1-$10,000; $10,001-$50,000; $50,001-$100,000; or over $100,000.
|
Trustee
|
Aggregate
Compensation from
the Trust
|
Pension or Retirement
Benefits Accrued as Part
of Fund Expenses
|
Total Compensation from the
Investment Companies in the
Fund Complex1
|
Kevin C. Chavers
|
$123,750
|
None
|
$123,750
|
Robert J. Christian
|
$133,000
|
None
|
$133,000
|
Mark K. Hancock2
|
$88,364
|
None
|
$88,364
|
Dianna Gonzales-Burdin2
|
$86,196
|
None
|
$86,196
|
Pamela J. Moret
|
$148,000
|
None
|
$148,000
|
Stephen P. Mullin
|
$122,000
|
None
|
$122,000
|
Susan M. Stalnecker
|
$146,000
|
None
|
$146,000
|
1 Effective January 1, 2024, each independent Trustee receives a total annual retainer fee of $100,000 for serving as a Trustee, plus $6,000 for each full Board Meeting that an independent
Trustee participates in ($2,000 per special meeting). Members of the Audit Committee (including the Committee Chair) receive additional annual compensation of $17,000. In addition, the Chair of the Audit Committee receives an annual retainer
of $13,000. Members of the Audit Committee also receive $2,000 per special meeting. Members of the Nominating and Governance Committee (including the Committee Chair) receive additional annual compensation of $8,000. In addition, the Chair of
the Nominating and Governance Committee receives an annual retainer of $7,000. The Independent Chair of the Board additionally receives an annual retainer of $26,000.
2 Mr. Hancock and Ms. Gonzales-Burdin joined the Board effective August 2022.
|
Board Diversity Matrix
|
||||
Total Number of Directors = 8
|
Number of Directors
|
|||
Female
|
Male
|
Non-Binary
|
Did Not Disclose Gender
|
|
Part I: Gender Identity
|
||||
Directors
|
3
|
5
|
||
Part II: Demographic Background
|
||||
African American or Black
|
1
|
|||
Alaskan Native or American Indian
|
||||
Asian
|
||||
Hispanic or Latinx
|
1
|
|||
Native Hawaiian or Pacific Islander
|
||||
White
|
2
|
4
|
||
Two or More Races or Ethnicities
|
||||
LGBTQ+
|
||||
Did Not Disclose Demographic or Background
|
Optimum International Fund
|
||||||
No. of
Accounts as of
March 31, 2024
|
Total Assets
Managed
|
No. Of Accounts
with
Performance-
Based-Fees
|
Total Assets in
Accounts with
Performance-
Based Fees
|
|||
Baillie Gifford
|
|
|
|
|
||
Donald Farquharson
|
||||||
Registered Investment Companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other Pooled Investment Vehicles
|
2
|
$844 million
|
0
|
$0
|
||
Other Accounts
|
36
|
$9,707 million
|
5
|
$2,628 million
|
||
Jenny Davis
|
||||||
Registered investment companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other pooled investment vehicles
|
1
|
$713 million
|
0
|
$0
|
||
Other accounts
|
32
|
$10,614 million
|
4
|
$2,340 million
|
||
Tom Walsh
|
||||||
Registered investment companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other pooled investment vehicles
|
1
|
$713 million
|
0
|
$0
|
||
Other accounts
|
32
|
$10,614 million
|
4
|
$2,340 million
|
||
Chris Davies
|
||||||
Registered investment companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other pooled investment vehicles
|
4
|
$1,896 million
|
0
|
$0
|
||
Other accounts
|
34
|
$10,839 million
|
4
|
$2,340 million
|
||
Steve Vaughan
|
||||||
Registered investment companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other pooled investment vehicles
|
1
|
$713 million
|
0
|
$0
|
||
Other accounts
|
32
|
$10,614 million
|
4
|
$2,340 million
|
Optimum International Fund
|
||||||
No. of
Accounts as of
March 31, 2024
|
Total Assets
Managed
|
No. Of Accounts
with
Performance-
Based-Fees
|
Total Assets in
Accounts with
Performance-
Based Fees
|
|||
Roderick Snell
|
||||||
Registered investment companies
|
3
|
$4,804 million
|
0
|
$0
|
||
Other pooled investment vehicles
|
7
|
$6,900 million
|
0
|
$0
|
||
Other accounts
|
41
|
$18,049 million
|
5
|
$4,387 million
|
||