Overview
History and Ownership
DuPont Capital has a long history of institutional asset management. The Firm’s history dates back to
the 1942 establishment of a retirement pension trust for employees of EIDP, INC (“DuPont”), the
intermediary parent company for DuPont Capital. In 1975, DuPont created a separate pension
management division, which was the precursor to DuPont Capital. In August 1993, DuPont Capital
was established and became an SEC-registered investment adviser. Registration does not imply a
certain level of skill or training.
As of June 1, 2019, DuPont and DuPont Capital’s ultimate parent company became Corteva,
Inc. (“Corteva”), a publicly traded company (“CTVA”). Previously, DuPont Capital was 100% owned
by DuPont through DuPont’s 100% ownership of Pioneer Hi-Bred International, Inc.
Types of Advisory Services Offered
DuPont Capital is not currently offering investment management services to new external clients.
Tailoring Services to the Individual Needs of Clients
DuPont Capital makes investments for clients in accordance with mutually agreed upon written
investment guidelines and provides continuous supervision of client portfolios. Investment services
can be tailored to each client’s needs and objectives, and clients often impose restrictions on investing
in certain securities or types of securities. DuPont Capital has established procedures and controls to
help ensure compliance with each client’s investment guidelines and any client-imposed restrictions.
These procedures and controls include daily portfolio compliance monitoring
supplemented by
guideline monitoring software and other processes designed to ensure that portfolio managers are
complying with each client’s investment guidelines.
DuPont Capital tailors its separate account products to the individual needs of each client by:
• Allowing its clients to provide specific investment guidelines that DuPont Capital must follow
in managing a client’s account. See Item 16 for more information on client-specific
investment guidelines. As discussed in Item 16, clients often impose restrictions on investing
in certain securities or types or categories of securities.
• Allowing its clients to select a custom benchmark.
• Providing its clients with access to portfolio managers by phone and/or client visits.
• Implementing its clients’ custom proxy voting policies upon request.
• Providing hedging of currency exposures, if desired.
• Supporting directed trading preferences of its clients, contingent upon DuPont Capital’s
ability to achieve best execution.
• Providing supplemental client reporting as set forth in client investment management
agreements.
DuPont Capital does not tailor its investment advice to the investors in its commingled funds.
Wrap Fee Programs
DuPont Capital does not sponsor any “wrap fee” accounts.
Discretionary and Non-Discretionary Assets Under Management
As of December 31, 2023, DuPont Capital’s assets under management (“AUM”) were:
Discretionary $ 13,842,974,000
Non-Discretionary 32,549,000
Total $ 13,875,523,000