Pfizer Inc., New York, added an international equity collective investment trust fund managed by Wellington Management to the investment options lineup of its 401(k) plan in 2019.
The Wellington International Research Equity ex-Emerging Markets Fund had $515 million in assets in the plan as of Dec. 31, according to an 11-K filing Wednesday with the SEC.
Also during 2019, the plan removed an active international equity mutual fund managed by Dodge & Cox from its lineup. The Dodge & Cox International Stock Fund had $383 million in assets in the plan as of Dec. 31, 2018, according to the pharmaceutical company's prior 11-K filing.
The reason for the change was not provided.
As of Dec. 31, the Pfizer Savings Plan had $16.2 billion in assets, according to the new 11-K filing. As of that same date, the plan had nine individual CIT options, four individual mutual fund options, a stable value fund, self-directed brokerage account, common stock fund and a series of target-date CITs managed by T. Rowe Price Group.
Pfizer officials could not be immediately reached for further information.