16PBGC26R0001 (A0001).pdf

(x)

16PBGC26R0001

x x copies of the amendment; (b) By acknowledging receipt of this amendment on each copy of the offer submitted ; or (c) By separate letter or telegram which includes a reference to the solicitation and amendment numbers. FAILURE OF YOUR ACKNOWLEDGEMENT TO BE RECEIVED AT

THE PLACE DESIGNATED FOR THE RECEIPT OF OFFERS PRIOR TO THE HOUR AND DATE SPECIFIED MAY RESULT IN REJECTION OF YOUR OFFER. If by virtue of this amendment you desire to change an offer already submitted , such change may be made by telegram or letter, provided each telegram or letter makes reference to the solicitation and this amendment, and is received prior to the opening hour and date specified.

x

PD

Washington DC 20024-2101 445 12th St SW Procurement Department

02/05/20260001

13. THIS ITEM ONLY APPLIES TO MODIFICATION OF CONTRACTS/ORDERS. IT MODIFIES THE CONTRACT/ORDER NO. AS DESCRIBED IN ITEM 14.

12. ACCOUNTING AND APPROPRIATION DATA (If required) is not extended.is extended, Items 8 and 15, and returning

Offers must acknowledge receipt of this amendment prior to the hour and date specified in the solicitation or as amended , by one of the following methods: (a) By completing

The above numbered solicitation is amended as set forth in Item 14. The hour and date specified for receipt of Offers

11. THIS ITEM ONLY APPLIES TO AMENDMENTS OF SOLICITATIONS

FACILITY CODE CODE

10B. DATED (SEE ITEM 13)

10A. MODIFICATION OF CONTRACT/ORDER NO.

9B. DATED (SEE ITEM 11)

9A. AMENDMENT OF SOLICITATION NO.

CODE

8. NAME AND ADDRESS OF CONTRACTOR (No., street, county, State and ZIP Code)

7. ADMINISTERED BY (If other than Item 6)CODE 6. ISSUED BY

PAGE OF PAGES

4. REQUISITION/PURCHASE REQ. NO.3. EFFECTIVE DATE2. AMENDMENT/MODIFICATION NO. 5. PROJECT NO. (If applicable)

1. CONTRACT ID CODE

AMENDMENT OF SOLICITATION/MODIFICATION OF CONTRACT

01/21/2026

CHECK ONE A. THIS CHANGE ORDER IS ISSUED PURSUANT TO: (Specify authority) THE CHANGES SET FORTH IN ITEM 14 ARE MADE IN THE CONTRACT

B. THE ABOVE NUMBERED CONTRACT/ORDER IS MODIFIED TO REFLECT THE ADMINISTRATIVE CHANGES (such as changes in paying office, C. THIS SUPPLEMENTAL AGREEMENT IS ENTERED INTO PURSUANT TO AUTHORITY OF:

D. OTHER (Specify type of modification and authority) appropriation date, etc.) SET FORTH IN ITEM 14, PURSUANT TO THE AUTHORITY OF FAR 43.103(b).

E. IMPORTANT: Contractor is not, is required to sign this document and return __________________ copies to the issuing office.

ORDER NO. IN ITEM 10A.

14. DESCRIPTION OF AMENDMENT/MODIFICATION (Organized by UCF section headings, including solicitation/contract subject matter where feasible.)

The purpose of this amendment is to provide the Government's responses to industry questions regarding Phase 1 of the evaluation.

16A. NAME AND TITLE OF CONTRACTING OFFICER (Type or print)15A. NAME AND TITLE OF SIGNER (Type or print)

15C. DATE SIGNED 16B. UNITED STATES OF AMERICA 15B. CONTRACTOR/OFFEROR 16C. DATE SIGNED

(Signature of person authorized to sign) (Signature of Contracting Officer)

Dennis Johnson

STANDARD FORM 30 (REV. 10-83)

Prescribed by GSA

FAR (48 CFR) 53.243

NSN 7540-01-152-8070

Previous edition unusable

Except as provided herein, all terms and conditions of the document referenced in Item 9 A or 10A, as heretofore changed, remains unchanged and in full force and effect .

TEL: EMAIL: JOHNSON.DENNIS@PBGC.GOV

PART # PARAGRAPH # PARAGRAPH TITLE QUESTION GOVERNMENT RESPONSE

Section L.6.1 Attachment B: Mandatory

Requirements/Qualification Compliance

Would there be any flexibility to remove the minimum assets under management consideration of $1bn for managers?

In accordance with the Request for Proposal Attachment B Mandatory Requirements Questionnaire, paragraph E states, "the Offeror must have a minimum of $1 billion in assets under investment management in the proposed product” and further states “Domestic REIT assets managed as part of a global REIT strategy may not be included” The Government would not accept assets under management in global strategies to pass the requirement.

Section L.6.1 Attachment B: Mandatory

Requirements/Qualification Compliance

Is there any flexibility to consideration of the GIPs track record, for example managers that have a track record of 3 years in the proposed product but have been managing global strategies for much longer.

In accordance with the Request for Proposal Attachment B Mandatory Requirements Questionnaire, paragraph F states, " The proposed product must have a GIPS compliant track record of at least five years.” The Government would not accept a GIPS compliant track record of less than five years to pass the requirement.

Section D Representations required to implement provisions of Executive Order 11246-

The RFP terms of the agreement includes FAR 52.222-25:

Affirmative Action Compliance. The legal authority of that clause has been superseded, and the provision no longer applies.

Please advise if there will be updated version of the form or alternative language provided.

Page 81 of the solicitation addresses this question and states the following, " PLEASE BE ADVISED: In accordance with President Trump’s Executive Order of January 21, 2025 (Ending Illegal Discrimination and Restoring Merit-Based Opportunity), which revokes Executive Order 11246 of September 24, 1965 (Equal Employment Opportunity), Contractors are no longer required to complete the associated representations found at FAR 52.212-3(d) or comply with clauses (or portions of clauses) implementing Executive Order 11246 (i.e., FAR 52.222-26, FAR 52.212-5)."

Table 1: Mandatory Requirements Questionnaire

Section C

The Offeror must be willing to benchmark the proposed product against the FTSE NAREIT Equity

REITS Index.

Will the mandate potentially allow some flexibility for Off- Index and/or non-US positions?

Specific portfolio guidelines regarding out of benchmark positions will be discussed with Offeror after award.

Table 1: Mandatory Requirements Questionnaire

Section C

The Offeror must be willing to benchmark the proposed product against the FTSE NAREIT Equity

REITS Index.

Has PBGC considered if the mandate will have single stock holding limitations? If so, are you able share any additional information?

Specific portfolio guidelines regarding stock limits will be discussed with Offeror after award.

Section L.4 Submission of Offers

Attachment F_Excel tables were provided with pre-filled formulas. In Table 10, please confirm that formulas to calculate the Averages (Row 4) should be updated to include the corresponding stats for the three months in 3Q’25 (Rows 5,6,7).

The spreadsheet has been updated with corrections. The revised version has been included (Amendment 01_Attach F_Excel Tables_.xlsx). Please utilize this version in place of the originally released document.

Attach F_Excel Tables

Table 4- Statistics of Portfolio and

Benchmark by Quarter

Leverage Ratio In the tab ‘Table 4’ of the ‘Attach F_Excel Tables,’ what definition or formula for the Leverage Ratio would PBGC like offerors to use?

Offerors should use Debt/Total Capital or Debt/Market Assets consistent with the benchmark leverage ratio for the proposed product. Offerors should notate which formula was used.

16PBGC26R0001

Government Responses to Industry Questions