Notice of PDS Update: Pendal Managed Cash Fund

We have updated and reissued the Product Disclosure Statement (PDS) for the Pendal Managed Cash Fund (the Fund) effective on and from Thursday, 6 June 2024.

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

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 the Fund’s description

The description of Pendal’s investment process for Australian cash and short-term securities has been updated to better reflect Pendal’s investment approach for the Fund.

Updates to the Fund’s risk level description

There has been no change to the Fund’s risk level of ‘Very low’.

We have, however, standardised the Fund’s risk level description in the PDS with the format used for other Pendal funds.

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 2023 fees and costs. These include changes to estimated management costs and estimated transaction costs.

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

Additional information on how to apply for direct investors

We provide 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.