Employees' Retirement Fund of the City of Fort Worth
The Employees' Retirement Fund of the City of Fort Worth is a public pension fund headquartered in Fort Worth, Texas. Established to provide defined benefit retirement and disability income to the municipal employees of the City of Fort Worth (excluding elected officials, board members, and part-time or temporary employees), the fund is governed by a board that includes employee representation and is financed by contributions from both employees and the city. It serves eligible employees who are vested after five years of service, offering financial security in retirement. The system dates back to at least 1945, with ongoing adaptations to contribution rates and benefits as determined by the city council and employee votes. Employee count and staff dedicated specifically to the pension fund are not publicly listed; most administration appears to be managed by city HR.
Investment Strategy
The Employees' Retirement Fund of the City of Fort Worth operates a defined benefit pension plan funded through employee and city contributions, as well as returns from professional investment management. Its strategy prioritizes sustainable, long-term growth and preservation of capital to meet future beneficiary obligations. Investments are diversified across asset classes to manage risk and optimize returns. The Fund employs both internal management and external investment managers, and its policy includes ongoing adjustments—such as risk-sharing mechanisms—to ensure the fund remains actuarially stable and compliant with city and state guidelines.
Top Holdings
Equity Positions (13)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MOAT | VanEck | 26.60% | $58.2M | 661,874 | $74.98 | $93.79 | $0 |
V VCLT | Vanguard | 14.44% | $31.6M | 416,500 | $74.96 | $75.90 | $0 |
I IQLT | IShares | 9.73% | $21.3M | 537,000 | $33.61 | $43.22 | $0 |
S SJNK | S&P | 8.35% | $18.3M | 726,800 | $24.64 | $25.48 | $0 |
E EEMS | IShares | 7.33% | $16.1M | 288,694 | $55.08 | $64.85 | $0 |