Wisconsin Deferred Compensation Program, Madison, will add the Dodge & Cox Income Fund as an investment option, said Shelly Schueller, director of the deferred compensation program, in an email.
The $5.2 billion 457 plan's board voted to add the fund at its meeting Thursday. The board had conducted a shortlist search for an intermediate-term bond fund to complement the program's existing BlackRock U.S. Debt Index fund.
Other finalists were Fidelity Institutional Asset Management and Western Asset Management.
After the Dodge & Cox fund is added, the program will have 19 investment options, plus a target-date fund lineup managed by Vanguard Group.