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Hi there! Welcome to the new look Pendal website... Take a two minute tour to see what we’ve changed.
Mainstream Online Web Portal
LoginInvestors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.
Increase to the Fund’s estimated financial year 2022 management fees and costs
September 30, 2022
Increase to the Fund’s management fees and costs
The Fund’s financial year 2022 (FY22) estimated management fees and costs are 1.41% p.a. of the assets of the Fund. The estimated management fees and costs have increased from 1.28% p.a. of the assets of the Fund in financial year 2021.
The increase is due to the fund experiencing higher estimated transaction costs. The Fund’s FY22 estimated transaction costs net of any amount recovered by the Fund’s buy-sell spread increased by 0.13% p.a. to 0.17% p.a.
Transaction costs are incurred when buying and selling the Fund’s underlying securities and are paid out of the Fund’s assets. These costs are reflected in the daily unit price and are not charged to you as an additional fee. Transaction costs and buy-sell spread may vary from year to year depending upon market conditions, the market impact of transacting and volumes traded.
There has been no change to the Fund’s management fee of 1.22% p.a. or estimated expense recoveries of 0.02% p.a..
This Important Update has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at 30 September 2022. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.
PFSL is the responsible entity and issuer of units in the Pendal Fund specified in this Important Update. A Product Disclosure Document (PDS) is available for the Fund and can be obtained by calling 1300 346 821. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in the Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.
This Important Update is for general information purposes only. It should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, before acting on this information recipients should consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.
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