Investment Fund Change
Posted 4/23/20 (Thu)
The NDPERS Investment Subcommittee routinely monitors the performance of investment funds and reports their findings to the NDPERS Board. Recently, the subcommittee recommended to the NDPERS Board that the PIMCO Total Return Bond Fund (PTRAX) be closed and replaced with the Baird Core Plus Bond Fund (BCOSX).
The NDPERS Board approved the investment option replacement for members that currently participate in the NDPERS 401(a) Defined Contribution Retirement Plan and the section 457 Deferred Compensation Companion Plan through TIAA. The change will be effective around May 15, 2020.