Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oldsmar trustees move U.S. large-cap to S&P 500 index, plan follow-up with underperforming manager
Summary
The pension board approved a move to index the U.S. large-cap allocation to the S&P 500 effective Oct. 1, citing fee savings; trustees also flagged underperformance in an Atlanta Capital small/mid‑cap sleeve and asked staff for a manager review.
Trustees heard the quarterly investment report and accepted a portfolio change that moved the plan's U.S. large-cap sleeve to an S&P 500 index.
Plan staff (Jeremy) told trustees the change took effect Oct. 1 and was made to reduce fees and align long-term returns closer to the benchmark. "We moved all of the U.S. large cap funds into just that S&P 500 index," he said, noting the index fund carries a roughly 0.01% fee. Staff framed the decision…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
