Page 270 - DCAC Feb 2026 Files

457 Plan Asset Allocation
Sep-2025 Dec-2025 Sep-2025 Dec-2025
($) % ($) % ($) % ($) %
Large Cap Equity Emerging Markets Equity
American Funds American Mutual 35,093,461 3.76 36,309,501 3.80 Invesco Developing Markets 8,059,113 0.86 9,235,483 0.97
American Funds Fundamental Investors 61,916,234 6.63 65,675,473 6.87
Fixed Income
Fidelity 500 Index 134,136,068 14.37 137,826,676 14.41
Fidelity US Bond Index 24,560,895 2.63 24,303,355 2.54
American Growth Fund of America 73,597,367 7.89 73,258,984 7.66
PIMCO Total Return 16,268,537 1.74 18,546,372 1.94
Total Large Cap Equity 304,743,130 32.65 313,070,634 32.73
Total Fixed Income 40,829,432 4.37 42,849,727 4.48
Mid Cap Equity
Stable Value
American Century Mid Cap Value 6,610,822 0.71 6,597,840 0.69
SAGIC Core Bond 135,375,904 14.51 132,011,368 13.80
Fidelity Mid Cap Index 21,546,052 2.31 21,895,413 2.29
Bank of the West Savings 7,183,662 0.77 7,224,147 0.76
MassMutual Mid Cap Growth 15,548,552 1.67 15,476,817 1.62
MassMutual US Govt. MMF (Holding Acct) - 0.00 - 0.00
Total Mid Cap Equity 43,705,425 4.68 43,970,070 4.60
Dreyfus Government Cash (Holding Acct) 387,171 0.04 379,399 0.04
Small Cap Equity Total Stable Value 142,946,737 15.32 139,614,913 14.60
Boston Partners Small Cap Value 1,743,312 0.19 1,892,647 0.20
Self-Directed Brokerage
Fidelity Small Cap Index 19,891,226 2.13 19,669,610 2.06
Self Directed Brokerage Account 10,588,129 1.13 9,613,902 1.01
Harbor Small Cap Growth 7,713,129 0.83 7,984,599 0.83
Total Small Cap Equity 29,347,667 3.14 29,546,856 3.09 Loans
Outstanding Loan Balance 9,326,661 1.00 9,994,947 1.04
International Equity
Fidelity International Index 19,939,669 2.14 21,637,415 2.26 Target Date Funds
American Funds EUPAC 12,991,551 1.39 14,574,061 1.52 Vanguard Target Retirement Income 20,560,546 2.20 21,103,358 2.21
Total International Equity 32,931,220 3.53 36,211,476 3.79 Vanguard Target Retirement 2020 2,789,192 0.30 2,779,104 0.29
Vanguard Target Retirement 2025 51,730,274 5.54 52,666,583 5.51
Socially Responsible Equity Vanguard Target Retirement 2030 11,903,097 1.28 11,999,542 1.25
Parnassus Core Equity 11,336,517 1.21 11,170,441 1.17 Vanguard Target Retirement 2035 64,257,518 6.89 67,017,946 7.01
San Mateo 457 Total Fund 933,291,163 100.00 956,537,777 100.00 Vanguard Target Retirement 2040 13,589,995 1.46 14,403,131 1.51
Vanguard Target Retirement 2045 60,759,359 6.51 63,126,112 6.60
Vanguard Target Retirement 2050 15,149,696 1.62 16,260,511 1.70
Vanguard Target Retirement 2055 45,064,003 4.83 46,817,666 4.89
Vanguard Target Retirement 2060 8,938,145 0.96 9,845,784 1.03
Vanguard Target Retirement 2065 4,420,874 0.47 4,889,224 0.51
Vanguard Target Retirement 2070 314,432 0.03 350,366 0.04
Total Target Date Funds 299,477,132 32.09 311,259,328 32.54

San Mateo 457 Total Fund 933,291,163 100.00 956,537,777 100.00

13