As of July 2013, State Street Global Advisors, one of the Plan’s bond managers, has slightly changed their investment mandate. Their prior mandate was an “Enhanced” index fund seeking to outperform the bond benchmark index (i.e. DEX Universe) by 0.15% per annum. As of July 2013, their new mandate is a fully passive one and they seek to just match the returns of this bond index.
As a result of this change, their investment management fees were also reduced, which has slightly reduced the fees of both the Balanced and Bond Funds.