Comply with all applicable laws, regulations, rulings, and stipulations, including Chapter 201.24 of the General Ordinances of Milwaukee County, as well as Section 203 (OBRA). provides additional information on the Ordinances, as well as how to obtain a Addendum C copy of this information. Manage the portion of the ERS’s investments under their control in accordance with the policy objectives and guidelines as established. Exercise full investment discretion within the policies and standards as established as to buy, hold, and sell decisions for the assets under management. On at least a quarterly basis, reconcile the account’s positions with the ERS’s custodian. Promptly inform the Board of Trustees, ERS staff, and the Investment Consultant regarding significant matters pertaining to the investment of the ERS’s assets, including, but not limited to changes in ownership, organizational structure, investment strategy, portfolio design, or configuration of the investment team. Responsibilities of Custodian Act in accordance with the relevant trust agreement. Hold, safeguard, and accurately the assets of the ERS. Collect the interest, dividends, distributions, redemptions, or any other amounts due. Report all financial transactions and Custodian Fees and to company representatives and the Investment Consultant. Prepare periodic summaries of transactions, asset valuations, and other related information as requested. All cash, interest earned, and dividend payments shall be swept on a daily basis into an investment-grade short-term money market fund and invested by a fiduciary. Perform any and all duties as detailed in the respective custodial agreement. ASSET ALLOCATION The Fund shall maintain an asset allocation as deemed appropriate by the Trustees, upon advice by the Investment Consultant. The Trustees and Investment Consultant will review the asset allocation every quarter and consider changes as deemed prudent. The Trustees will notify the discretionary Investment Manager in writing when changes are being made. The Trustees have adopted the asset allocation outlined below to serve as a guide. Minimum Target Maximum Core Fixed Income 15.0% 18.0% 23.0%
Comply with all applicable laws, regulations, rulings, and stipulations, including Chapter 201.24 of the General Ordinances of Milwaukee County, as well as Section 203 (OBRA). Addendum C provides additional information on the Ordinances, as well as how to obtain a copy of this information. Manage the portion of the ERS’s investments under their control in accordance with the policy objectives and guidelines as established. Exercise full investment discretion within the policies and standards as established as to buy, hold, and sell decisions for the assets under management. On at least a quarterly basis, reconcile the account’s positions with the ERS’s custodian. Promptly inform the Board of Trustees, ERS staff, and the Investment Consultant regarding significant matters pertaining to the investment of the ERS’s assets, including, but not limited to changes in ownership, organizational structure, investment strategy, portfolio design, or configuration of the investment team. Responsibilities of Custodian Act in accordance with the relevant trust agreement. Hold, safeguard, and accurately the assets of the ERS. Collect the interest, dividends, distributions, redemptions, or any other amounts due. Report all financial transactions and Custodian Fees and to company representatives and the Investment Consultant. Prepare periodic summaries of transactions, asset valuations, and other related information as requested. All cash, interest earned, and dividend payments shall be swept on a daily basis into an investment-grade short-term money market fund and invested by a fiduciary. Perform any and all duties as detailed in the respective custodial agreement. ASSET ALLOCATION The Fund shall maintain an asset allocation as deemed appropriate by the Trustees, upon advice by the Investment Consultant. The Trustees and Investment Consultant will review the asset allocation every quarter and consider changes as deemed prudent. The Trustees will notify the discretionary Investment Manager in writing when changes are being made. The Trustees have adopted the asset allocation outlined below to serve as a guide. Minimum Target Maximum Core Fixed Income 15.0% 18.0% 23.0%