REPORT TO DEFERRED COMPENSATION COMMITTEE
SUBJECT
Title
Informational Report on the International Value Manager Search Presented by Fiduciary Consulting Group; Action on Recommendation from Fiduciary Consulting Group to Terminate the Vanguard International Value Fund from the plan and replace it with one of the three funds outlined in the Report
Report
DISCUSSION
This is an informational report to the City’s 457 Deferred Compensation Plan Committee reviewing the International Value Manager Search provided by the Fiduciary Consulting Group. The international Value Manager Search Report includes the three funds that are being recommended as choices to replace the Vanguard International Value Fund.
RECOMMENDATION
Recommendation
1. Note and File the International Value Manager Search Report
2. Approve the following recommendation from Fiduciary Consulting Group:
a. Replace the Vanguard International Value Fund with one of the three following funds:
i. Hartford International Value
ii. DFA International All-World
iii. Dodge & Cox International Stock
ATTACHMENT
1. Fiduciary Consulting Group - City of Santa Clara International Value Manager Search Report