The Security Valuation Operations Committee deals with valuation of portfolio securities, dissemination of daily mutual fund prices to the general public, and interaction with independent accountants as part of the annual audit of the fund’s financial statements and security values. Auditors, NASDAQ, market data vendors and the media are invited on an as needed basis.

The Series Trust Advisory Committee provides a forum where multi series trust mutual fund members can freely discuss relevant business, operational, legislative, regulatory, and general industry developments through a multi series trust lens. It provides opportunities for senior-level participants to network and exchange ideas and experiences as entrepreneurial financial services providers. It identifies key subject experts who can deliver value to the Committee through presentations or discussions.

The Small Funds Committee provides a forum where small independent mutual fund members can freely discuss relevant business, operational, legislative, regulatory, and general industry developments. The committee provides opportunities for senior-level participants to network and exchange ideas and experiences as entrepreneurial financial services providers. It also identifies key subject experts who can deliver value to the Committee through presentations or discussions.

The Security Valuation Private Credit and Alternative Working Group provides support and education to members for initiatives related to valuation of private credit and alternative securities. It works to educate members and improve operations around these security types.

The T+1 UK/EU Implementation Working Group will communicate key information from industry steering committees, technical working groups, and authorities to members. Aim to provide a forum for member discussion during the implementation period and enable ICI staff to identify common issues and questions from members that need to be raised in the industry steering committees, technical working groups, or with authorities.

The Tax Advisory Committee deals with legislative, regulatory, and compliance issues (in federal, state, and international contexts) affecting the taxation of investment companies and their shareholders.