The new PSPS Sustainable Total Return Bond – active fund

The Trustee is pleased to announce an additional Self-select fund for members to invest in: the PSPS Sustainable Total Return Bond – active fund.

The new PSPS Sustainable Total Return Bond – active fund is similar to the PSPS Total Return Bond – active fund. Both funds are available to members as part of the Self-select range, investing in similar types of assets and with a similar target, but the new fund has a greater emphasis on sustainability and Environmental, Social and Governance (ESG) considerations.

• It aims to provide a return of cash plus 3-5% p.a. over five-year periods (gross of fees).
• It is mainly invested in corporate (investment grade or high yield) and government bonds from across the world; also, in cash and cash equivalents, as well as asset-backed securities and preference shares.
• Its investments must meet ESG exclusionary criteria and deliver a positive ESG outcome.
• It is actively managed.
• The annual management charge (AMC) is 0.45%.
• The underlying fund is the M&G Sustainable Total Return Credit Investment Fund, managed by M&G Investment Management Limited.

You can find out more information in the Investment Guide, where you can see a table comparing all the Self-select funds available. We will publish a Fund Factsheet for the new fund when performance data is available.

If you wish to change the funds in which you are investing, then you can do so via your Personal Account at MyPru. You can also complete an Investment Change Form which is available in the Documents library.