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Vallejo committee keeps Vanguard U.S. Growth option, adds watch flags and replaces international-value fund
Summary
The City of Vallejo Deferred Compensation Committee voted unanimously to continue watch status on multiple funds, add two funds to its watch list, and replace the Vanguard International Value option with DFA International Value. The committee also voted to retain Vanguard U.S. Growth Admiral as an option while keeping it under formal watch.
The City of Vallejo Deferred Compensation Committee on a unanimous vote continued watch status for several existing funds, added two additional funds to its watch list and approved a replacement of the Vanguard International Value option.
The committee voted to retain watch status for the Mission Square Plus Fund, MFS Value, Vanguard U.S. Growth (Admiral), MFS Mid Cap Growth and Vanguard International Value and to add Sterling Capital Total Return and Vanguard International Growth to the watch list. The same session approved replacing the Vanguard International Value fund with DFA International Value.
Why it matters: the committee’s watch and replacement decisions are part of its fiduciary oversight: watch status documents underperformance or structural change and starts a formal monitoring process. Vincent of…
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