Service Corp. International, Houston, added six new investment options and removed eight others from its 401(k) plan, effective June 30.
The company disclosed the changes in its June 30 11-K filing with the SEC. The funds added, along with those they replaced and the assets in the old funds as of Dec. 31, were:
- The Arrowstreet International Equity ACWI ex-U.S. Fund, managed by Arrowstreet Capital, replacing the American Funds EuroPacific Growth Fund, managed by Capital Group ($8 million in assets in the plan as of Dec. 31), and the DFA Large Cap International I Fund, managed by Dimensional Fund Advisors ($25 million).
- The GW&K U.S. Small/Mid Cap Core Equity Fund, managed by GW&K Investment Management, replacing the Hartford Small Cap Growth HLS IA Fund, managed by Hartford Funds ($18 million), and the J.P. Morgan Small Cap Value Fund, managed by J.P. Morgan Asset Management ($9 million).
- The PGIM Core Plus Bond Fund, managed by PGIM Fixed Income, replacing the PIMCO Total Return Institutional Fund, managed by Pacific Investment Management Co. ($19 million).
- The SSGA Real Asset Fund, managed by State Street Global Advisors, replacing the PIMCO Real Return Fund ($11 million).
- The T. Rowe Price U.S. Structured Research Equity Fund, managed by T. Rowe Price Group, replacing the American Funds AMCAP Fund, managed by Capital Group ($41 million), and the Invesco Diversified Dividend Funds ($24 million), both active domestic large-cap equity funds.
- The Vanguard Total International Stock Index Fund, managed by Vanguard Group, which did not replace any other funds.
The 11-K filing did not provide a specific reason for the changes.
As of Dec. 31, the SCI 401(k) Retirement Savings Plan had $1.1 billion in assets, according to the 11-K filing.
SCI officials could not be immediately reached for further information.