Data as of Q4 2025 (Dec 31, 2025)

Employees' Retirement Fund of the City of Fort Worth

โ€ขCIK: 1986812โ€ขFiling: Q4 2025

**Employees' Retirement Fund of the City of Fort Worth (ERF-CW)** This institutional mandate manages $223M across a diversified portfolio of 20 holdings. The strategy exhibits a notable allocation toward fixed income and municipal credit, evidenced by the top three positions: VCLT ($35.0M), VMBS ($25.0M), and IGF ($18.2M). Further diversification is maintained through significant allocations to credit and income-generating assets, including VCSH ($18.0M) and SJNK ($15.0M). The fund maintains a measured exposure to international equities via VEA ($9.0M).

Total AUM
$223.5M
QoQ Performance
+4.5%
Positions
7
Top 10 Concentration
74.5%
Latest Filing
Q4 2025

Top Holdings Allocation

VCLT
VMBS
IGF
VCSH
SJNK
DFAI
CLOI
MOAT
VCLT15.7%
VMBS11.2%
IGF8.1%
VCSH8.1%
SJNK6.7%
DFAI6.0%
CLOI5.4%
MOAT5.0%

๐Ÿ“ˆ Biggest Buys

DFAI
Dimensional
NEW
6.0% of portfolio
CLOI
Vaneck
NEW
5.4% of portfolio
VIG
Vanguard
+813.3%
4.0% of portfolio
VMBS
Vanguard
+27.1%
11.2% of portfolio
DFAE
Dimensional
NEW
2.0% of portfolio

๐Ÿ“‰ Biggest Sells

VYM
Vanguard
-41.6%
4.0% of portfolio
IMCG
IShares
-50.6%
2.0% of portfolio
SJNK
SPDR SER TR
-18.3%
6.7% of portfolio
VCSH
Vanguard
-14.8%
8.1% of portfolio
VCLT
Vanguard
-4.6%
15.7% of portfolio

Sector Breakdown

Other100.0%

๐Ÿšช Exited Positionssold since Q3 2025

VIGI
Vanguard
SOLD
$9.0M
XSHQ
Invesco
SOLD
$4.7M
EEMS
IShares
SOLD
$4.7M

Changes from Q3 2025

NEW4 new positions
โ†‘3 increased
โ†“8 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023