Notice of PDS Update: Pendal Global Emerging Markets Opportunities Fund

We have updated and reissued the Product Disclosure Statements (PDSs) for the Pendal Global Emerging Markets Opportunities Fund (the Fund) effective on and from Thursday, 20 February 2025. 

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

Labour, environmental, social and ethical considerations

We have clarified that the investment manager of the Fund, J O Hambro Capital Management Limited (JOHCM), does not have a predetermined view of the environmental, social (including labour standards), corporate governance and ethical factors (ESG factors), but they do assess ESG factors in their investment process and portfolio construction to the extent JOHCM deems those considerations to be material to the financial performance of an investment.

Updates to significant risks disclosure

The Fund’s investment strategy involves specific risks.

We have updated the significant risks disclosure applicable to the Fund to ensure that our disclosure continues to align with the nature and risk profile of the Fund and the current economic and operating environment.

Updates to ongoing annual fees and costs disclosure

The estimated ongoing annual fees and costs for the Fund has been updated to reflect financial year 2024 fees and costs. These include changes to estimated management costs and estimated transaction costs.

We now also disclose the maximum management fee and performance fee we are entitled to charge under the Fund’s constitution.

Updates to restrictions on withdrawals

We have updated the disclosure on restrictions on withdrawal to align closer to what is in the Fund’s constitution.

Additional information on how to apply for direct investors

We have provided additional information for non-advised investors (investors without a financial adviser) investing directly in the Fund who may also be required to complete a series of questions as part of their online Application, to assist us in understanding whether they are likely to be within the target market for the Fund.

Updates to our complaints handling process

We have provided additional details about our complaints handling process and the Australian Financial Complaints Authority.