Will a school system pension fund with investments across all continents be considered as a SMERF group?

Question

Quizplus · Accepted Answer

SMERF stands for social, military, educational, religious and fraternal group. A school system pension fund would fall under the educational category but it would not necessarily be considered a SMERF group as it is not an organized group with a specific purpose for gathering or traveling together. Additionally, the fact that it has investments across all continents does not make it a SMERF group.

Will a School System Pension Fund with Investments Across All