REPORT TO DEFERRED COMPENSATION COMMITTEE
SUBJECT
Title
Informational Report on Third Quarter 2026 Quarterly Plan Review Presented by Fiduciary Consulting Group and Action on Recommendation from Fiduciary Consulting Group regarding the Watch Status of Sterling Capital Total Return Bond Fund
Report
DISCUSSION
This is a report to the City’s Deferred Compensation Committee on the Plan’s third quarter 2026 performance presented by Fiduciary Consulting Group. The report will cover the following topics: (1) Economic and market overview, (2) Plan overview, (3) Plan review, (4) Fund review, (5) Fee review, and (6) Fund attributions. The Plan Overview portion of the report contains a recommendation to remove Sterling Capital Total Return Bond Fund from the watch list in accordance with the Investment Policy.
RECOMMENDATION
Recommendation
1. Note and File Third Quarter 2026 Quarterly Plan Reviews
2. Approve the following recommendation from Fiduciary Consulting Group:
a. Remove Sterling Capital Total Return Bond Fund from the Watch List in Accordance with the Investment Policy
ATTACHMENT
1. Fiduciary Consulting Group - City of Santa Clara 09-30-26 Performance Report