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Committee accepts Q2 2025 investment performance report; approves Allspring share‑class swap
Summary
Marquette Associates presented the second‑quarter 2025 investment performance report; the committee accepted the report by voice vote, and approved a share‑class change for the Allspring Special Mid Cap Value fund to a lower‑cost institutional share class.
The St. Mary’s County 457(b) governance committee on Sept. 25 accepted Marquette Associates’ second‑quarter 2025 investment performance report and approved a share‑class change that reduces expenses for one plan option.
Patrick Wing of Marquette Associates presented market and manager performance context for Q2 2025 and reviewed plan allocations and active manager results. After the presentation the committee voted to accept the report and approved a recommendation to swap the Allspring Special Mid Cap Value holding from the administrator share class to a lower‑cost institutional share class.
Why it matters: the performance report explains how market returns and manager positioning affected participant investments in the 457(b)…
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