April 30, 2026 Board Meeting Summary of Actions

Renewed the agreement with Adelante Capital Management LLC to manage a portion of the System’s portfolio by actively investing in securities of real estate investment trusts (REITs), for one year, effective July 1, 2026.

Renewed the agreement with Goldman Sachs Asset Management LP to manage a portion of the System’s assets as an active international equity manager benchmarked to the MSCI India IMI Index, for one year, effective July 5, 2026.

Renewed the agreement with LSV Asset Management to manage (1) a portion of the System’s assets as an active international equity manager benchmarked to the MSCI ACWI Ex-U.S. Index and (2) a portion of the System’s assets as an active global equity manager benchmarked to the MSCI ACWI Index, for one year, effective July 25, 2026.

Renewed the agreement with JP Morgan Chase Bank N.A., to act as an agency securities lender for a portion of the System’s public securities assets, for one year, effective July 1, 2026. 

Renewed the agreement with Wellington Management Company LLP to manage a portion of the System’s fixed income portfolio in a global aggregate fixed income mandate benchmarked to the Bloomberg Global Aggregate Float Adjusted Ex-CNY Bond Index, for one year, effective June 20, 2026. 

Approved the Retirement System’s operating budget for the 2026-27 fiscal year. 

Approved updates to the Retirement System’s Business Continuity Plan.