Board urged to hire Fidelity Core Plus manager

Staff and consultant RVK recommend that the Board of University and School Lands hire Fidelity Institutional Asset Management Core Plus as an active core public fixed income manager with a mandate size of up to $650 million. The strategy will shift a portion of the bond allocation from passive core exposure to an actively managed core plus approach, funded by a partial transfer from the SSGA US Aggregate Bond Index.

Scope & details

The full contract record, as filed.

Contract amount

$650M (mandate size up to $650 million)

Contract type

FINANCIAL_SERVICES

Renewal

No explicit term or renewal structure is provided; the mandate is framed as an ongoing active core plus fixed income allocation subject to standard legal review and documentation.

Document type

AgendaPacket

Source document

Board of University and School Lands Agenda Packet 2026-07-09

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North Dakota Department of Trust Lands?

Fidelity Institutional Asset Management Core Plus was awarded this financial services contract by North Dakota Department of Trust Lands, as recorded on July 9, 2026. The contract value is $650M (mandate size up to $650 million).

How much is the Fidelity Institutional Asset Management Core Plus contract with North Dakota Department of Trust Lands worth?

The Fidelity Institutional Asset Management Core Plus contract with North Dakota Department of Trust Lands is valued at $650M (mandate size up to $650 million), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Board of University and School Lands Agenda Packet 2026-07-09 (AgendaPacket), dated July 9, 2026 from North Dakota Department of Trust Lands. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fidelity Institutional Asset Management Core Plus hold?

Fidelity Institutional Asset Management Core Plus may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Fidelity Institutional Asset Management Core Plus's profile

What is North Dakota Department of Trust Lands currently buying?

Explore North Dakota Department of Trust Lands's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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