Prudential Unveils Collective Trusts for DC Plans

Prudential Fixed Income Management has made its nine fixed income collective trust funds available to defined contribution plans.

A Prudential news release said the funds, offered within the Prudential Trust Company Collective Trust, cover a range of sectors, including enhanced index bonds, core and core plus bonds, inflation protected securities, U.S. corporate bonds, high-yield bonds, bank loans, and international bonds and emerging market debt. The trust also offers growth equity, real estate, and quantitative equity funds.

All nine funds trade through the National Securities Clearing Corporation, are priced daily, and have multiple share classes available, including pricing designed for the rapidly growing investment-only segment of the defined contribution market. Custody is included in all share class pricing.

“These funds offer participants the potential to garner the same kinds of returns defined benefit plans enjoy,” said Shaun Byrnes, executive vice president and head of retail business for Prudential Fixed Income Management, in the news release.