Page 44 - July JSF report

INVESTMENT COMMITTEE MEETING MINUTES (DRAFT) (7) Publicly Traded Equities Allocation (as percent of total JSF assets March 31/23)
US Equity
Non-US Devel. Equity Emerg. Market Equity
Total
Target Actual
29% 30% 15% 15% 6% 6% 50% 51%
The target geographical breakdown within this space mirrors that of the Morgan Stanley All Country World Index. The Adage weighting of 19% represents 64% of the US allocation, which the Committee believes is acceptable. The other 35% of the US equity exposure is the Vanguard US Index fund, Champion Small Company fund and a portion of the GQG Global Equity fund.
10. Next Meeting Dates
August 17, 2023 – 8am EDT – by ZOOM November 16, 2023– 8am EST – by ZOOM
11. Adjournment – There being no more business the meeting adjourned at 11:45am. Respectfully submitted,
Hugh Brown June 14, 2023
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Page 42 July Report