MARQUETTE ASSOCIATES
Pat Wing reviewed the performance report and gave an update through April 30,
2022. Additionally, he presented on our asset allocation as compared with our
peers in the mid-Atlantic region.
Finally, Mr. Wing presented on the Funds’ cash flow projections and suggested
rebalancing options to address near term cash needs.
Mr. Stribula moved to rebalance the Police Fund as iterated on page 9 with the
changes noted by Mr. Wing. Specifically, that the Fund:
1. SELL $1,650,000 (one million six hundred and fifty thousand dollars) of
Vanguard Total Bond Market Index (VBTIX; 921937504).
2. SELL $1,700,000 (one million seven hundred thousand dollars) of Vanguard
Equity Income (VEIRX; 921921300).
3. BUY $1,700,000 (one million seven hundred thousand dollars) of Vanguard
Total Stock Market Index (VITSX; 922908801).
4. BUY $1,000,000 (one million dollars) of MFS Int’l Intrinsic Value Equity
(MINJX; 552746349).
Mr. Bruce seconded the motion. All present voted in the affirmative and the
motion passed.
Mr. Stribula moved to rebalance the Fire Fund as outlined on Page 11 with the
changes noted by by Mr. Wing. Specifically, that the Fund:
1. SELL $575,000 (five hundred and seventy-five thousand dollars) of Vanguard
Total Bond Market Index (VBTIX; 921937504).
2. SELL $1,200,000 (one million two hundred thousand dollars) of Vanguard
Equity Income Fund (VEIRX; 921921300).
3. BUY $1,200,000 (one million two hundred thousand dollars) of Vanguard Total
Stock Market Index (VITSX; 922908801).
4. BUY $725,000 (seven hundred twenty-five thousand dollars) of MFS Int’l
Intrinsic Value Equity (MINJX; 552746349).
Ms. Balog seconded the motion. All present voted in the affirmative and the
motion passed.
Mr. Stribula moved to rebalance the O&E Fund as outlined on Page 13 with the
changes noted by Mr. Wing. Specifically, that the Fund:
1. SELL $22,500 (twenty-two thousand five hundred dollars) of Vanguard
Equity Income Fund (VEIRX; 921921300).
