Notice of PDS Update

Effective Tuesday, 30 September 2025,we have updated and reissued the Product Disclosure Statement (PDS) for the:

• Pendal Sustainable Australian Fixed Interest Fund – Class R; and
• Pendal Sustainable Australian Fixed Interest Fund – Class W,

(collectively, the Fund). 

The following is a summary of the key changes reflected in the PDS for the Fund.

Description of Fund

Effective 30 September 2025, the Fund will have the flexibility to invest in non-Australian dollar denominated fixed interest securities, when market conditions are supportive. The Fund will generally hedge back any foreign currency exposures to Australian dollars to the extent considered reasonably practicable. The PDS for the Fund has been updated to reflect this.    

We have also clarified that the Fund may hold a limited allocation to non-investment grade securities and securities that are not rated by external credit rating agencies.

The way the Fund is managed has not changed.

Labour, environmental, social and ethical (collectively, ESG) considerations

We have enhanced our ESG disclosure to provide further detail on the Fund’s sustainability assessment process.

Our sustainability assessment process seeks to identify issuers, that in our view, have strong sustainability credentials for investment and aims to avoid issuers that we consider to have poor sustainability outcomes.

Updates to ongoing annual fees and costs disclosure

The estimated ongoing annual fees and costs for the Fund have been updated to reflect financial year 2025 fees and costs. These include changes to estimated management costs and estimated transaction costs.