REPORT TO DEFERRED COMPENSATION COMMITTEE
SUBJECT
Title
Report on Fourth Quarter 2024 Quarterly Plan Review presented by the Hyas Group; Action on Recommendation from Hyas Group regarding 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 fourth quarter 2024 performance presented by the Hyas 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, the retain certain funds on 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 Fourth Quarter 2024 Quarterly Plan Review
2. Approve the following recommendations from Hyas group:
a. Remove Sterling Capital Total Return Bond Fund, Hotchkis & Wiley High Yield Fund, and T. Rowe Price Large Cap Growth Fund from Watch Status;
b. Retain DFA US Large Cap Growth I on Watch Status; and
c. Add Vanguard International Value Inv Fund to Watch Status
ATTACHMENT
1. Hyas - City of Santa Clara 12-31-24 Performance Report