DePaul University, Chicago, replaced two investment options in its 403(b) plan lineup, effective Jan. 3, according to an announcement of the school's website.
The J.P. Morgan Small Cap Value R6 fund, managed by J.P. Morgan Asset Management, replaced the Perkins Small Cap Value I fund, managed by Perkins Investment Management. Assets in the Perkins option will be mapped to the J.P. Morgan fund.
Also, the 403(b) plan added the Invesco Real Estate Institutional fund, which invests primarily in REITs. The plan will freeze the TIAA Real Estate Annuity Account and map all future contributions to the Invesco fund.
Reasons for the changes were not provided. Spokeswoman Carol Hughes declined to provide additional information.
The plan had $592 million in assets as of Dec. 31, 2012.