Walmart Inc., Bentonville, Ark., added six collective investment trusts to its 401(k) plan, the retailer disclosed in its 11-K filing with the SEC.
The July 19 filing indicated that the plan added the GQG Partners International Equity CIT, which had $734 million in assets as of Jan. 31, the end of its fiscal year. Other investments added were the Altrinsic International Equity Collective Fund, managed by Altrinsic Global Advisors, which had $488 million as of Jan. 31; the Driehaus Emerging Markets Growth CIT, managed by Driehaus Capital Management, $266 million; the Victory Mid Cap Value Collective Fund, managed by Victory Capital Management, $179 million; the First State Investments Global Listed Infrastructure CIT, $153 million; and the Jackson Square SMID-Cap Growth CIT, managed by Jackson Square Partners, $135 million.
Removed were two CITs managed by Boston Partners. Its large-cap value trust and small-cap value trust had respective assets of $311 million and $160 million as of Jan. 31, 2018, according to Walmart's previous 11-K filing.
Also removed were the Harding Loevner Emerging Markets trust and the DRZ Small Cap Value Collective fund, managed by DePrince, Race & Zollo. Those CITs had $227 million and $164 million, respectively, in plan assets as of Jan. 31, 2018, according to the previous filing.
The reason for the changes was not provided.
As of Jan. 31, the Walmart 401(k) Plan had $28.7 billion in assets, according to the new 11-K filing.
Walmart officials could not be immediately reached to provide further information.