REPORT TO DEFERRED COMPENSATION COMMITTEE
SUBJECT
Title
Informational Report on Third Quarter 2025 Quarterly Plan Review presented by Fiduciary Consulting Group; Action on Recommendation from Fiduciary Consulting Group regarding the Watch Status of Various Funds
Report
DISCUSSION
This is a report to the City’s 457 Deferred Compensation Plan Committee on the City Plan’s third quarter 2025 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 recommendations to remove certain funds from the watch list and to add certain funds to the watch list, all in accordance with the Investment Policy.
RECOMMENDATION
Recommendation
1. Note and File Third Quarter 2025 Quarterly Plan Review
2. Approve the following recommendations from Fiduciary Consulting Group:
a. Remove DFA US Large Cap Value Fund from Watch Status; and
b. Add Vanguard International Growth Fund to Watch Status;
ATTACHMENT
1. Fiduciary Consulting Group - City of Santa Clara 09-30-25 Performance Report