Learn more about Collective Investment Funds.

A Collective Investment Fund (“CIF”) is an investment vehicle with characteristics similar to a U.S. mutual fund, but is only available to qualified retirement plans. CIFs are sponsored by banks or trust companies under the supervision of the Office of the Comptroller of the Currency (“OCC”) or state banking regulators. CIFs are institutional products sold only to plan sponsors and/or plan fiduciaries. CIFs consist solely of assets of retirement, pension, profit sharing, stock bonus, government or other tax-qualified retirement plans that are exempt from federal income tax.

Office of the Comptroller of the Currency (OCC) Regulation 12CFR 9.18

“Where consistent with applicable law, a national bank may invest assets that it holds as a fiduciary in the following collective investment funds:

  • A fund consisting solely of assets of retirement, pension, profit sharing, stock bonus, or other trusts that are exempt from federal income tax.”

Comerica Collective Fund Qualified Investors

  • ERISA Qualified Defined Contribution Plans
  • ERISA Qualified Defined Benefit Plans
    • Corporate
    • Municipal
    • Taft-Hartley

Non deposit Investment products are not insured by the FDIC; are not deposits or other obligations of, or guaranteed by Comerica Bank or any of its affiliates; and are subject to investment risks, including possible loss of the principal invested.