Management of PSPRS Bond Trust Funds

The City of Tucson has awarded a contract to PFM Asset Management LLC for the management of PSPRS Bond Trust Funds. The contract has a duration of 5 years, starting from September 28, 2023, and ending on September 27, 2028. PFM Asset Management LLC will provide investment advisory services to the City, including asset allocation, manager selection, and portfolio construction. The contract has a value of approximately $19,000 in annual savings for the City. The City's investment objectives and risk tolerance will be taken into account, and the contract will be managed in accordance with the City's investment policy statement. Key features of the contract include: • Customized investment approach • Asset allocation and manager selection • Portfolio construction and monitoring • Regular reporting and communication • Compliance with applicable laws and regulations The contract is expected to provide the City with a comprehensive investment management solution, aligning with its long-term objectives and risk tolerance.