Frederick County (Md.) Retirement Plan Committees added the DFA ex-US Value Portfolio and MFS International Growth Fund as investment options for the county’s $121 million 457 plan.
The joint meeting of the retirement plan committees for the Frederick County Employees Retirement Plan and Frederick County Uniformed Employees Retirement Plan approved the additions of the active international value equity fund managed by Dimensional Fund Advisors and the active international growth equity fund managed by MFS Investment Management at its July 9 meeting, recently released meeting minutes show.
The two funds replace the Hartford Schroders International Multi-Cap Value Fund, managed by Hartford Funds Management Co. and subadvised by Schroders, and the American Funds EuroPacific Growth Fund, managed by Capital Group, respectively.
The minutes did not provide a reason for the changes. As of March 31, those two funds had $1 million and $5 million, respectively, in assets in the plan, according to its most recent investment report.
Investment consultant Marquette Associates assisted.
