Riverside County (Calif.) Deferred Compensation Committee is adding the BlackRock Strategic Global Bond fund to the investment options lineup if its five defined contribution plans.
The fund will replace the Templeton Global Bond, a global fixed-income fund managed by Franklin Templeton, effective April 14, a notice on the county's human resources website shows.
Participants in the Templeton fund will be automatically mapped to the BlackRock fund, according to the notice.
The notice did not provide a specific reason for the change. The change affects the Riverside County Deferred Compensation Plan, Riverside County 401(a) Money Purchase Plan, County of Riverside Supplemental Contribution Plan, Riverside County Flood Control and Water Conservation District Deferred Compensation Plan, and Riverside County Waste Resources Management District Deferred Compensation Plan.
The county's website provides no information on the plans' asset sizes.
Brenda Diederichs, the county's assistant CEO/human resources director, did not return a phone call seeking further information.
