The Public Sector Deposit Fund

Key facts

Launch date
May 2011
Legal structure
Collective Investment Scheme
Unit types
Class 3, Class 4
Dealing day
Every business day before 11.30am

Yield tracker

Latest yield

Class 3 As at 29 May 2024 5.2235% (5.3504% AEY)
Class 4 As at 29 May 2024 5.2235% (5.3504% AEY)

Historical yields

Fund overview

Fund objective

To maximise current income consistent with the preservation of principal and liquidity by investing in a diversified portfolio of high quality sterling denominated deposits and instruments. The primary objective is to maintain the net asset value of the Fund at par (net of earnings).

Fund policy

We monitor our counterparties’ environmental, social and governance risk management on a regular basis; and take further action if necessary. Our research is based on external data sources and the work of our Sustainability team.

Fund suitability

Suitable for public sector clients.

Who can invest?

Local authorities and other public sector bodies.

Price, yield and liquidity information

Maximising the average yield on deposits while achieving the required security and liquidity requires a careful focus on counterparty quality and the size and term of the cash placed. The best rates from strong counterparties are usually only available on very large deposits.

Fund documents

Ready to invest?

We're delighted you've chosen to invest with CCLA. Get the process underway by downloading our application form.

Whether you are a new investor to CCLA or topping up an existing account, please ensure you read the prospectus and key investor information document (KIID). The KIID can help investors understand the nature, risks, costs, potential gains and losses of the fund, and compare the fund with other products. 

Looking for other documents? Click here to visit our client documentation page.

Risk warning

In addition to the general risk factors outlined in the Prospectus investors should also note that purchase of PSDF shares is not the same as making a deposit with a bank or other deposit taking body and is not a guaranteed investment. Although it is intended to maintain a stable net asset value per share, there can be no assurance that it will be maintained. Notwithstanding the policy of investing in short-term instruments, the value of the PSDF may also be affected by fluctuations in interest rates. The PSDF does not rely on external support for guaranteeing the liquidity of the fund or stabilising the net asset value per share. The risk of loss of principal is borne by the shareholder.