Kansas Public Employees Retirement System, Topeka, will add the Vanguard Selected Value Fund to the lineup of its 457 plan in January, said an announcement on the retirement system’s website.
The plan had about $676 million in assets as of Sept. 30.
The Vanguard Group midcap value equity fund will replace the Columbia Mid Cap Value Opportunity Fund. The Columbia Management fund “recently broadened its types of investments and no longer fits within the asset class,” the announcement said.
KPERS Spokeswoman Kristen Basso could not be reached for additional information by press time.