1st Source Corp., South Bend, Ind., added the MFS International Growth Fund and Vanguard Strategic Small-Cap Equity Fund to the investment options lineup of its profit-sharing plan.
The active international large-cap growth equity fund managed by MFS Investment Management and the active domestic small-cap equity fund managed by Vanguard Group, both added in 2019, had $14 million and $8 million in assets in the plan, respectively, as of Dec. 31, according to the company's June 30 11-K filing with the SEC.
Also during 2019, the plan removed the Oakmark International Fund and Sterling Capital Stratton Small Cap Value Fund from the investment options lineup.
As of Dec. 31, 2018, the active international large-cap equity fund managed by Harris Associates and the active domestic small-cap equity fund managed by Sterling Capital Management had $12 million and $7 million in assets in the plan, respectively, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the 1st Source Corp. Employee Stock Ownership and Profit Sharing Plan had $218 million in assets, according to the new 11-K filing. As of that same date, the plan had nine investment options, a money market fund and a common stock fund.
Spokeswoman Andrea Bullock could not be immediately reached for further information.