Bank of Montreal, Toronto, added the Invesco Stable Value Trust and Metropolitan West Total Return Bond Fund to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the stable value collective investment trust managed by Invesco and the active intermediate core-plus fixed-income fund managed by Metropolitan West Asset Management had $193 million and $86 million, respectively, in assets in the plan, according to its 11-K filing Thursday with the SEC.
A comparison of this year's 11-K filing and last year's 11-K filing shows the plan removed the BMO Stable Value Fund from the investment options lineup in 2020.
That fund, managed by BMO Global Asset Management, had $167 million in assets of the plan as of Dec. 31, 2019, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Employees' 401(k) Savings Plan of Bank of Montreal/Harris had $2.7 billion in assets, according to the new 11-K filing.
Company spokesman Paul Gammal could not be immediately reached for further information.
