Socially responsible investments changing
Changes are coming to the Socially Responsible Investment (SRI) Balanced Fund for those with an investment account in DCP, Plan 3 or JRA.
In April 2024, the SRI changes from a balanced fund – invested in both stocks and bonds – to a new SRI that solely invests in stocks. This represents higher potential long-term return but also more risk, more volatility and less protection in down markets.
Aren’t sure whether an all-stock approach is right for you? Contact a financial advisor, or learn more about how stocks and bonds differ at forbes.com/advisor/investing/stocks-vs-bonds.
Those who are invested may move any or all their funds to other investment options prior to the change. They also have the option to move funds from the new SRI fund to other investment options after the change.
Managed by AllianceBernstein, the new Socially Responsible Equity Fund’s strategy uses the UN Sustainable Development Goals to identify and invest in key sustainability themes. The 17 goals address a range of social needs while also tackling climate change and environmental protection. Learn more at sdgs.un.org/goals.
If you’re a DCP, Plan 3 or JRA customer who plans on investing or remaining invested in the SRI, it’s important to know there are fees associated with the plan’s services and investments. Investment details and associated fees are included within each fund’s fact sheet. Just select your plan at drs.wa.gov/plan and choose “Available Investments” in the table of contents on the left side of the page for a full list of fund fact sheets.
Want to make a change?
You can change your investment selections at any time through your online account (drs.wa.gov/login) or by contacting Voya at 888 -327 -5596. For questions about these changes, please contact Voya directly.
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