The Marsico Focus Fund was terminated and removed from the Growth Stock Option on 4/29/16. The fund was terminated due to consistent under performance to the fund benchmark. The funds were moved into the Growth Stock Option’s index fund – BlackRock Growth Index until the board finds a suitable replacement fund. The new Growth Stock Option target allocation is as follows:
Manager | Previous Target Allocation | New Target Allocation effective 4/29/16 |
Marsico Focus | 20% | 0% |
Broad Run Mid Cap Growth | 10% | 10% |
Wellington Mid Cap Opportunities | 10% | 10% |
T. Rowe Price Growth Stock | 20% | 20% |
Primecap Odyssey Growth | 20% | 20% |
BlackRock Growth Index | 20% | 40% |