Page 256 - DCAC Feb 2026 Files

Innovest’s History with the County of San Mateo

2025 (Continued)
• The DCAC reinstated the 2bps Administrative Reimbursement
expense beginning 3Q 2025.
• Presented CIT and ISA fiduciary education and Innovest's
analysis of available options.
• Presented a search book resulting in the removal of Invesco
Developing Markets fund (ODVIX). Assets and future elections
to DFA Emerging Markets Core Equity 2 fund (DFCEX), effective
February 13, 2026.
• Removed American Funds Fundamental Investors fund (RFNGX)
and mapped assets and future elections to Fidelity 500 Index
fund (FXAIX), effective February 13, 2026.
• Empower changed the fund used for the holding account from
MassMutual Govt. MMF (MKSXX) to the Dreyfus Govt. Cash
Fund (DAPXX) in 3Q25.
• Empower presented a cybersecurity overview.
• Presented fiduciary education.
• Presented annual target date deep dive analysis.

6