Subcommittee Recommends BlackRock Fund as JP Morgan Replacement | North Dakota Public Employees Retirement System | BLACKROCK SYSTEMATIC ACTIVE RUSSELL 2500 ALPHA TILTS

Subcommittee Recommends BlackRock Fund as JP Morgan Replacement

The NDPERS Investment Subcommittee has recommended hiring BlackRock’s Systematic Active Russell 2500 Alpha Tilts fund to replace the JP Morgan US SMID Core Fund in the 401(a DC and 457(b) companion plans. The proposed BlackRock vehicle would carry an all-in fee of around 0.43% for mutual fund shares or 0.40% for a CIT option.

Document date · August 30, 2026

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Scope & details

The full contract record, as filed.

Contract amount

0.43% all-in fee on $7.5 million (mutual fund K share class); 0.40% for CIT

Contract type

FINANCIAL_SERVICES

Renewal

Initial selection recommendation includes options for mutual fund or CIT share classes with specified minimums and fee schedules; formal Board approval is pending.

Document type

Agenda

Source document

North Dakota Public Employees Retirement System Special Board Meeting Agenda 2026-08-31

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by North Dakota Public Employees Retirement System?

Blackrock Systematic Active Russell 2500 Alpha Tilts was awarded this financial services contract by North Dakota Public Employees Retirement System, as recorded on August 30, 2026. The contract value is 0.43% all-in fee on $7.5 million (mutual fund K share class); 0.40% for CIT.

How much is the Blackrock Systematic Active Russell 2500 Alpha Tilts contract with North Dakota Public Employees Retirement System worth?

The Blackrock Systematic Active Russell 2500 Alpha Tilts contract with North Dakota Public Employees Retirement System is valued at 0.43% all-in fee on $7.5 million (mutual fund K share class); 0.40% for CIT, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in North Dakota Public Employees Retirement System Special Board Meeting Agenda 2026-08-31 (Agenda), dated August 30, 2026 from North Dakota Public Employees Retirement System. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Blackrock Systematic Active Russell 2500 Alpha Tilts hold?

Blackrock Systematic Active Russell 2500 Alpha Tilts 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 Blackrock Systematic Active Russell 2500 Alpha Tilts's profile

What is North Dakota Public Employees Retirement System currently buying?

Explore North Dakota Public Employees Retirement System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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