HomeMy WebLinkAbout2005-09-21-TPT-minTOWN OF LEXINGTON
TRUSTERS OF PUBLIC TRUSTS
Minutes of Meeting
September 21, 2005
The meeting was held at 12 :15 PM at the offices of Atlantic Trust at 100 Federal Street,
Boston, MA, Present were Trustees Alan Fields, Thomas Taylor and David Williams,
and Dennis Dywer from SSGA.
The minutes of the March 23 meeting with a correction were approved.
The portfolio was reviewed. Dennis reported that international and emerging markets are
seeing strong growth and the Pimco All Asset Fund is doing well. The following
decisions were made:
1. In the Investment Pool, increase the Pimco Fund to 15% of the total and
reduce the fixed income portion to 8 %.
2. In the Westview Cemetery Fund, sell the legal list equities and put the
proceeds in S &P 500 Fund.
3. In the Munroe Cemetery Fund, put principal cash in the S &P 500 Fund.
Dennis to determine what mix of funds are allowed in perpetual care cemetery funds.
Thomas Taylor, Secy.