City of Santa Clara  
Meeting Agenda  
Deferred Compensation Committee  
Thursday, November 13, 2025  
10:00 AM  
Hybrid Meeting  
Sparacino Conference  
Room/Virtual  
1500 Warburton Avenue  
Santa Clara, CA 95050  
The City of Santa Clara is conducting the Deferred Compensation Committee meeting in a hybrid manner (in-person  
and a method for the public to participate remotely).  
• Via Zoom:  
Webinar ID: 881 9420 3502  
Passcode: 764242  
OR  
• Phone: 1(669) 444-9171  
CALL TO ORDER AND ROLL CALL  
CONSENT CALENDAR  
1A  
25-1612  
Recommendation:  
Approve the Meeting Minutes of August 14, 2025  
PUBLIC PRESENTATIONS  
[This item is reserved for persons to address the body on any matter not on the agenda that is within the subject  
matter jurisdiction of the body. The law does not permit action on, or extended discussion of, any item not on the  
agenda except under special circumstances. The governing body, or staff, may briefly respond to statements made  
or questions posed, and appropriate body may request staff to report back at a subsequent meeting.]  
GENERAL BUSINESS  
2A  
25-1610  
Recommendation:  
This is an informational report, staff recommends no  
action.  
ATTACHMENT  
1. Nationwide - City of Santa Clara Plan  
Performance Report Q3-2025  
2. Nationwide - City of Santa Clara Schwab Report 9  
-30-2025  
2B  
25-1609  
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  
2C  
25-1620  
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  
2D  
25-1622  
Recommendation:  
1. Note and File SDBA International Review  
2. Approve the Recommendation by Fiduciary  
Consulting Group to Add Foreign Securities to the  
Self-Directed Brokerage Account  
ATTACHMENT  
1. Fiduciary Consulting Group - City of Santa Clara  
SDBA International Review  
2E  
2F  
25-1615  
25-1611  
Recommendation:  
Approve the calendar of meeting dates for 2026  
STAFF REPORT  
COMMITTEE REPORT  
ADJOURNMENT  
MEETING DISCLOSURES  
The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City  
is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other  
provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must  
be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge,  
which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in  
court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice,  
or in written correspondence delivered to the City of Santa Clara, at or prior to the meeting. In addition, judicial challenge  
may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.  
If  
a member of the public submits a speaker card for any agenda items, their name will appear in the Minutes. If no  
speaker card is submitted, the Minutes will reflect "Public Speaker."  
In accordance with the requirements of Title II of the Americans with Disabilities Act of 1990 ("ADA"), the City of Santa Clara  
will not discriminate against qualified individuals with disabilities on the basis of disability in its services, programs, or  
activities, and will ensure that all existing facilities will be made accessible to the maximum extent feasible. The City of  
Santa Clara will generally, upon request, provide appropriate aids and services leading to effective communication for  
qualified persons with disabilities including those with speech, hearing, or vision impairments so they can participate  
equally in the City’s programs, services, and activities. The City of Santa Clara will make all reasonable modifications to  
policies and programs to ensure that people with disabilities have an equal opportunity to enjoy all of its programs,  
services, and activities.  
Agendas and other written materials distributed during a public meeting that are public record will be made available by the  
City in an appropriate alternative format. Contact the City Clerk’s Office at 1 408-615-2220 with your request for an  
alternative format copy of the agenda or other written materials.  
Individuals who require an auxiliary aid or service for effective communication, or any other disability-related modification of  
policies or procedures, or other accommodation, in order to participate in a program, service, or activity of the City of Santa  
Clara, should contact the City’s ADA Coordinator at 408-615-3000 as soon as possible but no later than 48 hours before  
the scheduled event.