Effective 2 March 2026, the Fund’s administrator changed from The Northern Trust Company to State Street Australia Limited. 

As the Fund’s administrator, State Street Australia Limited provides administration services which include fund accounting, valuation and unit pricing, distribution preparation and preparation of the financial statements for the Fund. 

The Pendal Monthly Income Plus Fund’s February 2026 distribution will be paid on or around 26 February 2026.

The change is being made for operational reasons and will be for February 2026 only.

We anticipate the early payment of the February distribution will not impact the size of the distribution that would normally be paid.

Investors will still receive distribution statements in accordance with our usual process.

Please call our Investor Services support line on 1300 346 821 if you have any questions.  

Pendal Sustainable Conservative Fund (APIR: RFA0811AU)

(the Fund)

The Fund applies exclusionary screens to its investments in the Australian and International shares, Australian and International fixed interest and part of its Alternative investments asset classes.

Effective 28 November 2025, some of the exclusionary screens applied by the Fund to its International fixed interest asset class will be changing, as outlined below:

• a new exclusionary screen will be added so that the Fund’s International fixed interest asset class will not invest in issuers directly involved in the supply of goods or services specifically related to controversial weapons; and

• the current screen for issuers that mine uranium for the purposes of weapons manufacturing within the Fund’s International fixed interest asset class will be removed.

Issuers who mine uranium for the purposes of weapons manufacturing will now be captured under the new screen for the supply of goods or services specifically related to controversial weapons.

In our view, these changes ensure that the Fund remains true to label and is more closely aligned with investor expectations in relation to responsible investment funds. 

Fund’s exclusionary screens – International fixed interest

Effective 28 November 2025, the Fund’s International Fixed Interest asset class will apply the following exclusionary screens:

The Fund’s International fixed interest asset class will not invest in issuers which directly:

• Produce tobacco (including e-cigarettes and inhalers);
• Manufacture controversial weapons (including biological weapons, blinding laser weapons, chemical weapons, cluster munitions, depleted uranium weapons, incendiary weapons, landmines, non-detectable fragments and nuclear weapons); or
• Supply goods or services specifically related to controversial weapons.

The Fund’s International fixed interest asset class will also not invest in issuers which derive 10% or more of their gross revenue directly from:

• The extraction of thermal coal and oil sands production;
• The production of alcoholic beverages;
• The manufacture or provision of gambling facilities;
• The manufacture of non-controversial weapons or armaments; or
• The manufacture or distribution of pornography.

Updated Product Disclosure Statement (PDS)

An updated PDS issued on 28 November 2025 is now available on www.pendalgroup.com.

Pendal Sustainable Balanced Fund – Class R (APIR: BTA0122AU) 

Pendal Sustainable Balanced Fund – Class Z (APIR: PDL0478AU) 

(the Fund)

The Fund applies exclusionary screens to its investments in the Australian and International shares, Australian and International fixed interest and part of its Alternative investments asset classes.

Effective 28 November 2025, some of the exclusionary screens applied by the Fund to its International fixed interest asset class will be changing, as outlined below:

• a new exclusionary screen will be added so that the Fund’s International fixed interest asset class will not invest in issuers directly involved in the supply of goods or services specifically related to controversial weapons; and

• the current screen for issuers that mine uranium for the purposes of weapons manufacturing within the Fund’s International fixed interest asset class will be removed.

Issuers who mine uranium for the purposes of weapons manufacturing will now be captured under the new screen for the supply of goods or services specifically related to controversial weapons.

In our view, these changes ensure that the Fund remains true to label and is more closely aligned with investor expectations in relation to responsible investment funds. 

Fund’s exclusionary screens – International fixed interest

Effective 28 November 2025, the Fund’s International Fixed Interest asset class will apply the following exclusionary screens:

The Fund’s International fixed interest asset class will not invest in issuers which directly:

• Produce tobacco (including e-cigarettes and inhalers);
• Manufacture controversial weapons (including biological weapons, blinding laser weapons, chemical weapons, cluster munitions, depleted uranium weapons, incendiary weapons, landmines, non-detectable fragments and nuclear weapons); or
• Supply goods or services specifically related to controversial weapons.

The Fund’s International fixed interest asset class will also not invest in issuers which derive 10% or more of their gross revenue directly from:

• The extraction of thermal coal and oil sands production;
• The production of alcoholic beverages;
• The manufacture or provision of gambling facilities;
• The manufacture of non-controversial weapons or armaments; or
• The manufacture or distribution of pornography.

Updated Product Disclosure Statement (PDS)

An updated PDS issued on 28 November 2025 is now available on www.pendalgroup.com.

We have updated and reissued the Product Disclosure Statement (PDS) effective on and from 28 November 2025 for the:

Pendal Sustainable Conservative Fund (the Fund).

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

Labour, environmental, social and ethical (collectively, ESG) considerations

Alongside the PDS and the Additional Information to the PDS, we have now issued the Guide to Our Sustainable Investment Process(Guide).

The Guide includes further information on our sustainability assessment framework and the Fund’s exclusionary screens which was previously contained in the Additional Information to the PDS.

The way the Fund is managed has not changed.

The Guide forms part of the PDS and contains important information. You should read the Guide together with the PDS and the Additional Information to the PDS before making a decision to invest in the Fund.

You can access the Guide to our Sustainable Investment Process on our website at pendalgroup.com/PendalSustainableConservativeFund-SIPG.

Exclusionary Screens – International fixed interest

We have changed some of the exclusionary screens that apply to the Fund’s International fixed interest asset class as follows:

• a new exclusionary screen has been added so that the Fund’s International fixed interest asset class will not invest in issuers directly involved in the supply of goods or services specifically related to controversial weapons; and
• the current screen for issuers who mine uranium for the purposes of weapons manufacturing within the Fund’s International fixed interest asset class has been removed.

Issuers who mine uranium for the purposes of weapons manufacturing will now be captured under the new screen for the supply of goods or services specifically related to controversial weapons.

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 2025 fees and costs. These include changes to estimated transaction costs.

We have updated and reissued the Product Disclosure Statement (PDS) effective on and from 28 November 2025 for the:

Pendal Sustainable Balanced Fund – Class R

Pendal Sustainable Balanced Fund – Class Z

(the Fund).

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

Labour, environmental, social and ethical (collectively, ESG) considerations

Alongside the PDS and the Additional Information to the PDS, we have now issued the Guide to Our Sustainable Investment Process(Guide).

The Guide includes further information on our sustainability assessment framework and the Fund’s exclusionary screens which was previously contained in the Additional Information to the PDS.

The way the Fund is managed has not changed.

The Guide forms part of the PDS and contains important information. You should read the Guide together with the PDS and the Additional Information to the PDS before making a decision to invest in the Fund.

You can access the Guide to our Sustainable Investment Process on our website at pendalgroup.com/PendalSustainableBalancedFund-SIPG.

Exclusionary Screens – International fixed interest

We have changed some of the exclusionary screens that apply to the Fund’s International fixed interest asset class as follows:

• a new exclusionary screen has been added so that the Fund’s International fixed interest asset class will not invest in issuers directly involved in the supply of goods or services specifically related to controversial weapons; and
• the current screen for issuers who mine uranium for the purposes of weapons manufacturing within the Fund’s International fixed interest asset class has been removed.

Issuers who mine uranium for the purposes of weapons manufacturing will now be captured under the new screen for the supply of goods or services specifically related to controversial weapons.

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 2025 fees and costs. These include changes to estimated transaction costs.

Effective Tuesday, 30 September 2025,we have updated and reissued the Product Disclosure Statement (PDS) for the:

• Pendal Sustainable Australian Fixed Interest Fund – Class R; and
• Pendal Sustainable Australian Fixed Interest Fund – Class W,

(collectively, the Fund). 

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

Description of Fund

Effective 30 September 2025, the Fund will have the flexibility to invest in non-Australian dollar denominated fixed interest securities, when market conditions are supportive. The Fund will generally hedge back any foreign currency exposures to Australian dollars to the extent considered reasonably practicable. The PDS for the Fund has been updated to reflect this.    

We have also clarified that the Fund may hold a limited allocation to non-investment grade securities and securities that are not rated by external credit rating agencies.

The way the Fund is managed has not changed.

Labour, environmental, social and ethical (collectively, ESG) considerations

We have enhanced our ESG disclosure to provide further detail on the Fund’s sustainability assessment process.

Our sustainability assessment process seeks to identify issuers, that in our view, have strong sustainability credentials for investment and aims to avoid issuers that we consider to have poor sustainability outcomes.

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 2025 fees and costs. These include changes to estimated management costs and estimated transaction costs.

We have updated and reissued the Product Disclosure Statement (PDS) for the Regnan Credit Impact Trust (the Fund) effective on and from 26 September 2025.

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

Description of Fund

We have clarified that the Fund may hold a limited allocation to non-investment grade securities and securities that are not rated by external credit rating agencies.

The way the Fund is managed has not changed.

Labour, environmental, social and ethical (collectively, ESG) considerations

We have enhanced our ESG disclosure to provide further detail on the Fund’s sustainability assessment and impact processes.

Our sustainability assessment process seeks to identify issuers, that in our view, have strong sustainability credentials for investment and aims to avoid issuers that we consider to have poor sustainability outcomes. Our impact process ensures the Fund’s investments are in alignment with its impact goals.

Exclusionary Screens

We have clarified that the Fund’s exclusionary screens are applied to the Fund’s investments in credit securities.

The Fund’s exclusionary screens are not applied to government securities, semi-government securities, supranational securities, cash or derivatives. The use of derivatives may also result in the Fund having indirect exposure to issuers that would otherwise be excluded.

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 have been updated to reflect financial year 2025 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.

Updates to restrictions on withdrawals

We have updated the disclosure on restrictions on withdrawals 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 retail investors (retail investors without a financial adviser) investing directly in the Fund. Non-advised retail investors 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.

Effective 30 September 2025, the:

•  Pendal Sustainable Australian Fixed Interest Fund – Class R; and
•  Pendal Sustainable Australian Fixed Interest Fund – Class W

(collectively, the Fund),

will have the flexibility to invest in non-Australian dollar denominated fixed interest securities, when we believe market conditions are supportive.  The Fund will continue to invest primarily in Australian dollar denominated fixed interest securities (including government securities, semi-government securities, supranational securities and credit securities).

Introducing a limited allocation to non-Australian dollar denominated securities is expected to enhance the Fund’s investment returns and not impact the Fund’s overall risk profile.

The Fund may obtain its non-Australian denominated exposure directly by investing in physical fixed interest securities as well as indirectly through the use of derivatives.  The Fund’s maximum investment exposure to non-Australian dollar denominated physical securities will be limited to 15% of the value of the Fund. Where exposure is obtained indirectly through the use of derivatives, the Fund’s investment exposure will be limited by interest rate risk limits.

The Fund will generally hedge back any foreign currency exposures to Australian dollars to the extent considered reasonably practicable.

The Fund will continue to be managed to its investment return objective of ‘aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Composite 0+ Yr Index by 0.75% p.a. over rolling 3 year periods.’

Questions? 

If you have any questions, please contact our Investor Relations Team during business hours Monday to Friday on 1300 346 821.

Barrow Hanley Concentrated Global Share Fund Hedged, ARSN: 098 376 151 (Fund)

Following a recent refresh of the Pendal website, effective 31 July 2025, the click through steps required to access the Fund’s unit prices has changed as follows:

Unit Prices

Entry and exit prices for each Business Day will be available at www.pendalgroup.com by clicking on ‘Products’, selecting the Scheme, and clicking on ‘View fund information’. Click on ‘Prices and Distributions’ and then select the relevant class from the drop down menu. Prices will usually be posted by the end of the next Business Day.