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Mellon briefs El Paso retirement trust on three index funds; S&P 500 fund tracks closely
Summary
BNY Mellon representatives reviewed performance and tracking details for three index funds held by the City of El Paso Employees Retirement Trust, reporting close benchmark tracking and small attribution effects from securities lending, fees and cash/futures.
BNY Mellon representatives reviewed the performance and structure of three index funds the City of El Paso Employees Retirement Trust holds during the trust’s July 16, 2025 meeting.
Mellon’s presentation covered the S&P 500 index fund, the All Country World ex-U.S. IMI index fund and an aggregate bond index fund and explained the drivers behind each fund’s trailing one‑year performance and tracking differences relative to benchmarks.
Mellon reported that the S&P 500 fund returned 15.155% for the one‑year period,…
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