Pendal Stable Cash Plus Fund (the Fund) Update | Pendal Group

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Mainstream Online Web Portal

Investors 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.

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Pendal Stable Cash Plus Fund (the Fund) Update

March 05, 2024

What is changing?

Effective 5 March 2024, the weighted average maturity (WAM) of the Fund will not exceed 90 days and all securities held by the Fund will mature within 190 days. The Fund’s WAM has been reduced from 100 days and the maximum maturity of all securities held by the Fund has been shortened from 12 months.

The Fund will also no longer have the ability to use derivatives.

Why are we making the changes?

The changes are being made to better reflect the way in which the Fund is managed.

What will stay the same?

There are no other changes to the Fund.

The Fund will continue to target a return (before fees and expenses) that exceeds the RBA Cash Rate by at least 0.45% p.a..

Additionally, there is no change to the Fund’s management fee.

What do you need to do?

No action is required. You will be able to continue to invest and withdraw from the Fund.

Updated Information Memorandum (IM)

An updated IM issued on 5 March 2024 is available by calling us on 1300 346 821.

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 5 March 2024

PFSL is the trustee and issuer of units in the Fund (ARSN 622 750 734). An Information Memorandum (IM) is available for the and can be obtained by calling 1300 346 821. You should obtain and consider the IM 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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