New Mexico State Deferred Compensation Plan, Santa Fe, added the Principal Diversified Real Asset and Vanguard Total International Stock Index funds as investment options for the $396 million 457 plan, JoAnn Garcia, plan manager, confirmed in an e-mail.
Officials at the $396 million 457 plan eliminated from the fund lineup the American Funds Growth Fund of America and Victory Institutional Diversified Stock Fund.
Both funds were removed for performance reasons, Ms. Garcia said in a telephone interview. Victory Capital Management spokeswoman Megan Hunt and Capital Group spokesman Chuck Freadhoff did not return phone calls seeking comment by press time.
Assets from the two funds will transfer to the Vanguard Institutional Index fund, an existing option with the plan.