Diamond Offshore Drilling Inc., Houston, added two new equity funds to the investment options lineup of its 401(k) plan in 2018, the company disclosed Friday in its 11-K filing with the SEC.
The plan added the Fidelity Extended Market Index Fund, a passive domestic midcap equity fund managed by Fidelity Investments. The fund had $11 million in assets in the plan as of Dec. 31, according to the filing.
The plan also added the Putnam Equity Income Fund, an active domestic large-cap value equity fund managed by Putnam Investments. The fund had $10 million in assets in the plan as of Dec. 31, according to the filing.
Also during 2018, the plan removed the Invesco Diversified Dividend Fund, an active domestic large-cap value equity fund, which had $16 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The plan also removed the Vanguard Extended Market Index fund, a passive domestic midcap equity fund managed by Vanguard Group. That fund had $6 million in assets in the plan as of Dec. 31, 2017, according to the previous filing.
As of Dec. 31, the Diamond Offshore 401(k) Plan had $405 million in assets. It featured 16 investment options, a common stock fund and a target-date fund lineup managed by T. Rowe Price Group.
Company spokesman Samir Ali could not be immediately reached to provide further information.
