Change to buy-sell spreads

Pendal Global Emerging Markets Opportunities Fund (APIR: BTA0419AU, ARSN: 159 605 811)

Pendal Global Select Fund (APIR: PDL6767AU (Class R), PDL4472AU (Class W), ARSN: 651 789 678)

(each a Fund).

Effective 1 August 2025, the buy-sell spread for the Pendal Global Emerging Markets Opportunities Fund and the Pendal Global Select Fund (Class R and Class W) will decrease to reflect a reduction in the Funds’ transaction costs. 

The buy-sell spread for each Fund will decrease as set out in the table below:

Table 1: Old and New Buy-Sell Spreads

More about buy-sell spreads

The buy-sell spread is an additional cost to you and is generally incurred whenever you invest in or withdraw from a Fund. The buy-sell spread is retained by the Fund (it is not a fee paid to us) and represents a contribution to the transaction costs incurred by the Fund such as brokerage and stamp duty, when the Fund is purchasing and selling assets.

The buy-sell spread also reflects the market impact of buying and selling the underlying securities in the market. Importantly, the buy-sell spread helps to ensure different unit holders are being treated fairly by attributing the costs of trading securities to those unit holders who are buying and selling units in the Fund.

As transaction costs may change depending on various factors such as market conditions and brokerage costs, buy-sell spreads may also change without prior notice. You should, therefore, review each Fund’s current buy-sell spread before making a decision to invest or withdraw from a Fund.

For the latest buy-sell information, please refer to our website www.pendalgroup.com, click ‘Products’, select the relevant Fund and click on ‘View fund information’.