Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Trustees review fixed‑income structure, direct due diligence on lower‑cost PIMCO share class
Summary
Trustees were briefed on the retirement system’s fixed‑income implementation—two active managers (Dodge & Cox, PIMCO) split the 21% allocation—and asked staff to pursue due diligence on a lower‑fee PIMCO collective investment trust (CIT) share class.
The Mendocino County Board of Retirement spent a substantial portion of its April 15 meeting reviewing the system’s fixed‑income program and managers, ultimately instructing staff to continue due diligence on a lower‑cost PIMCO collective investment trust (CIT) share class.
Consultant and in‑house research staff presented the current structure: fixed income comprises about 21% of the total portfolio and is implemented with two active managers—Dodge & Cox and PIMCO—each roughly one‑half of that allocation. Kellen’s research lead (Dario)…
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
