Citigroup Inc., New York, added the BlackRock MSCI ACWI ESG Index Fund collective investment trust and a customized core-plus fixed-income investment option with underlying funds managed by Fidelity Investments and Pacific Investment Management Co. to the investment options lineup of its 401(k) plan.
The plan added the investment options Nov. 15, according to the bank's 11-K filing June 12 with the SEC.
According to the filing, the core-plus fixed-income fund has 70% of the assets allocated to the Fidelity Advisors Total Bond Fund Class Z, and 30% of its assets allocated to the PIMCO Income Fund Class I.
Also effective Nov. 15, the plan removed the Brandywine Global Bond Fund as an investment option. Participants invested in the global fixed-income fund managed by Brandywine Global Investment Management were automatically mapped to a BlackRock target-date fund based on the participant's age.
The amount of the investment options' assets in the plan, and the reasons for the changes, were not provided.
As of Dec. 31, the Citi Retirement Savings Plan had $16 billion in assets, according to the 11-K filing.
Citigroup spokeswoman Elizabeth Kelly said the bank has no comment beyond the filing.