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LOSAP trustees accept amended Q4 investment report, redirect $50,000 to Fidelity Total Market Index Fund
Summary
St. Mary's County LOSAP trustees accepted Marquette's quarter‑4 investment report, discussed market risks and asset allocation, and approved a $50,000 reallocation from a proposed bond purchase into the Fidelity Total Market Index Fund.
St. Mary's County LOSAP trustees accepted a quarter‑4 investment performance report from Marquette and approved a motion to amend the recommended rebalancing by directing $50,000 of the trust's contribution into the Fidelity Total Market Index Fund instead of the Baird aggregate bond fund.
Marquette representative Wayne presented the performance deck and told trustees the trust's market value at year end was about $18,400,000 and that the fund had decreased by about $148,000 over the quarter after cash flows and investment changes. Wayne said the quarter's…
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