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Deferred‑comp committee votes to replace Vanguard international‑value fund with Hartford fund
Summary
The advisory committee voted unanimously to terminate the Vanguard International Value fund on the plan menu and map those assets to Hartford International Value, citing style drift and relative performance; the recommendation came from plan consultants and was approved at the Sept. 2 meeting.
The Deferred Compensation Advisory Committee voted unanimously to remove the Vanguard International Value fund from the plan menu and map the assets to Hartford International Value.
Vincent, the county’s fiduciary consultant, presented analysis showing that the incumbent Vanguard fund had drifted away from a pure international‑value strategy and had underperformed peer benchmarks. "Vanguard International hasn't been performing very well. This is the second…
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