Emory University, Atlanta, has overhauled the investment options lineup of its 403(b) plan.
The changes went into effect Oct. 1, according to the university's retirement plans website. The new lineup affects participants with all three record keepers: Fidelity Investments, TIAA-CREF and Vanguard Group.
The new lineup features seven individual index funds and a target-date fund lineup managed by Vanguard. The options were previously available only to participants using Vanguard as the record keeper. Both Fidelity and TIAA previously offered funds only managed by Fidelity Investments and TIAA subsidiary Nuveen, respectively.
The new lineup features common active funds that are new to all three record keepers: American EuroPacific Growth Fund, an international equity fund managed by Capital Group; BlackRock Mid-Cap Growth Equity Fund, a domestic midcap growth equity fund; Goldman Sachs Small Cap Value Fund, a domestic small-cap value equity fund managed by Goldman Sachs Asset Management; John Hancock Disciplined Value Fund, a domestic large-cap value equity fund managed by John Hancock Investment Management and subadvised by Boston Partners Global Investors; Harbor Capital Appreciation Fund, a domestic large-cap growth equity fund managed by Harbor Capital Advisors and subadvised by Jennison Associates; Loomis Sayles Small Cap Growth Fund, a domestic small-cap growth equity fund; MFS Mid Cap Value Fund, a domestic midcap value equity fund managed by MFS Investment Management; and the PGIM Total Return Bond Fund, a domestic core-plus fixed income fund managed by PGIM Fixed Income.
The university's 403(b) plan, the Emory University Retirement Plan, had $3.8 billion in assets as of Dec. 31, 2019, according to its most recent Form 5500 filing.
Catherine A. Morrow, university spokeswoman, could not be immediately reached for further information.