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Mainstream Online Web Portal
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Advisers will also have access to view their clients’ accounts online via the secure web portal.
An Aussie bond fund that aims to outperform its benchmark
while targeting environmental and social outcomes via a portion of its holdings
while targeting environmental and social outcomes via a portion of its holdings
‘Highly Recommended’
Researcher Lonsec has awarded Pendal Sustainable Australian Fixed Interest Fund (Class R) the highest rating of “highly recommended”. In its product assessment Lonsec noted that it “holds high regard for the investment team, considering them to be highly experienced” and also “finds appeal in the investment process that draws upon a blend of quantitative and qualitative insights.”*
* The rating issued 10/2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.
Impact on society and the environment
The Pendal Sustainable Australian Fixed Interest Fund (Fund) actively seeks investments in securities (green bonds, social bonds or sustainability bonds) that in addition to meeting the Fund’s financial risk and return requirements also generate positive societal and/or environmental impact, and where possible contribute towards the advancement of the United Nations Sustainable Development Goals. Recent investments include National Housing Finance and Investment Corporation social bonds which provide low-cost finance to community housing providers, putting a roof over the head of low-income and disadvantaged Australians.
Read Kerry and Steven’s storyCalculate estimated
outcomes
The Pendal Sustainable Australian Fixed Interest Fund invests in fixed interest securities (including green bonds, social bonds and sustainable bonds) that in addition to meeting the Fund’s financial risk and return requirements also aim to generate positive and measurable social and/or environmental outcomes.
Enter your investment amount and click “Calculate” to estimate what the outcomes associated with your investment in the Pendal Sustainable Australian Fixed Interest Fund would have been during the year ended 30 June 2024.
Click here to see our calculation methodology
See the positive outcomes associated with an investment from
1 July 2023 to 30 June 2024 below:
85,574
MWh/year renewable energy generated (equivalent to annual electricity use of 18,619 Australian households)
53,871
tCO2e GHG emissions avoided (equivalent to taking 23,687 cars off road per annum)
2,363,692
litres of water cleaned, recycled or treated per annum
365,284
passenger trips per annum on low carbon transport
8
hectares of forest restored (equivalent to 3 Melbourne Cricket Ground-sized stadiums)
621
social/affordable housing*
2,656
underprivileged students educated*
263
teachers trained in developing countries*
Calculating impact. This may take a minute...
*Contribution is based on forecast numbers provided by the issuer.
The Pendal Sustainable Fixed Interest Fund (Fund) is managed by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426. The aggregated estimated environmental and social outcomes shown above are based on data provided by the issuers of bond securities (Issuers) held by the Fund. That data relates to the estimated historical positive outcomes attributable to your proportion of those securities held by the Fund, based on the investment amount you have entered as a proportion of the Fund’s total investments as at 30 June 2024.
The estimate assumes your investment had remained in the Fund from 1 July 2023 to 30 June 2024, and that your investment proportion to the Fund’s total investment remains constant throughout the year. As either of these assumptions may not be factually correct, the actual outcomes may have varied significantly.
The information provided to us by the Issuers has not been verified by us and may be inaccurate or incomplete. The estimate is therefore indicative only and is provided for illustrative purposes and should not be relied on for the purpose of making investment decisions.
The outcome numbers are based on Issuers’ data from 1 July 2023 to 30 June 2024 and the Fund’s average daily investment value of $894.9 million over the period. Actual results may differ and subsequent changes in circumstances may occur at any time that impact the accuracy of the results.
This report is issued by PFSL and the information contained within is current as at 30 June 2024. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.
PFSL is the responsible entity and issuer of units in the Pendal Sustainable Australian Fixed Interest Fund (Fund) ARSN: 612 664 730. The product disclosure statement (PDS) for the Fund, issued by PFSL, should be considered before deciding whether to acquire, dispose, or hold units in the Fund. The PDS and Target Market Determination can be obtained by calling 1300 346 821 or visiting www.pendalgroup.com. An investment in is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.
Information in this report should not be taken as a guarantee, forecast or prediction of any future environmental and social outcomes generated by the Fund. The information is indicative only and should not be relied upon when making an investment decision or recommendation in relation to the Fund.
This report is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional advice. This information is not to be regarded as a securities recommendation.
The information in this report may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this report is complete and correct, to the maximum extent permitted by law neither PFSL nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) accepts any responsibility or liability for the accuracy or completeness of this information or for any loss or damage as a result of reliance on this information.
How are investments mapped to
UN Sustainable Development Goals?
Here are some examples:
IFC Social Bond
Australian Catholic University Sustainable Bond IFC Social Bond
Australian Catholic University Sustainable Bond IFC Social Bond IADB EYE Social Bond
IFC Social Bond
IBRD Green Bond Aquasure Vic Desalination (matured)
NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond Mitsubishi UFJ Green CBA Climate Bond
Australian Catholic University Sustainable Bond IADB EYE Social Bond
IFC Social Bond
Australian Catholic University Sustainable Bond NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond Mitsubishi UFJ Green CBA Climate Bond
NAB Climate Bond Westpac Climate Bond CBA Climate Bond
Australian Catholic University Sustainable Bond NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond CBA Climate Bond
Australian Catholic University Sustainable Bond
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NAB Climate Bond
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Westpac Climate Bond
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IFC Social Bond
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IBRD Green Bond
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IADB EYE Social Bond
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Woolworths Green Bond
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Aquasure Vic Desalination (matured)
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Mitsubishi UFJ Green
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CBA Climate Bond
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Source: https://sustainabledevelopment.un.org/sdgs. These are 13 of the 17 SDGs. The others are: Life Below Water, Life on Land, Peace and Justice Strong Institutions, Partnerships to achieve the Goal
Reports and case studies
Our team
George Bishay
Head of Credit & Sustainable Strategies – Portfolio Manager, Regnan Credit Impact Trust
Read bioGeorge’s investment management career spans over 30 years with Pendal and its predecessor firms. He is responsible for management of credit, fixed interest and short term income portfolios, including Pendal’s highly regarded Sustainable Australian Fixed Interest Fund, Short Term Income Securities Fund and Credit Impact Trust.
George holds a wealth of experience in portfolio management and credit analysis. He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for 27 years. Prior to this George worked in an accounting role for three years.
In 2019 George was awarded the Alpha Manager status by Money Management’s parent, FE fundinfo, in recognition of his career-long performance in the asset management industry. George was one out of 11 Australia-based investment professionals included in this list of esteemed professionals across multiple asset classes, after being assessed on his ability to create risk-adjusted alpha (outperformance) over his entire track record.
George obtained a Master’s degree in Business (Finance), a Bachelor’s degree in Business (Accounting & Finance) and a Graduate Diploma in Applied Finance and Investment.
Sales
Contact your BDMApply for the Pendal Sustainable Australian Fixed Interest Fund
Apply online via Mainstream or download the form.
Fund information
Important Updates
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17/06/2025
Exclusionary screen changes
30/04/2025
Changes to Fund buy-sell spread
08/04/2025
Changes to Fund buy-sell spread
08/06/2023
Change of Exclusionary Screens
12/01/2023
Pendal Group Limited – Change of ownership
25/11/2021
Re-classification of Units
29/06/2020
Changes to Fund buy-sell spread notification
29/04/2020
Changes to Fund buy-sell spread
19/03/2020
Changes to Fund buy-sell spread
Significant features
The Fund is an actively managed portfolio of fixed interest securities. It is designed for investors who want income and diversification across a broad range of fixed interest securities and are prepared to accept some variability of returns.
Investments are selected based on a range of financial, sustainable and ethical characteristics The Fund aims to allocate capital to issuers and securities that align to our sustainability themes: climate stability, human basics and innovation for good (the Sustainability Objective).
The Fund invests in securities issued by issuers that have passed Pendal’s sustainability threshold. This sustainability threshold is a qualitative assessment of an issuer’s environmental, social and governance risks and sustainability performance, including a sustainability score for each issuer and an evaluation of ESG risks from a credit, sector and issuer perspective. The Fund uses this assessment to avoid issuers deemed by Pendal as having poor sustainability performance and promotes issuers and securities with better sustainability performance.
Fund objective
The Fund 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.
| Benchmark | Bloomberg AusBond Composite 0+ Yr Index |
| Distribution frequency | Quarterly |
| Buy Sell spread | 0.14% (0.07%/0.07%) |
| Risk Level | Low to Medium |
| Risks | An investment fund is subject to a number of risks. For a detailed description of these risks please refer to the PDS. |
| Unit Price | View history |
| Distribution History | View history |
| MIT Notice | View history |
Class R
| Minimum investment | $25,000 |
| Management fee (Class R) | 0.40% p.a. Other fees and costs also apply – please refer to the PDS or ‘Fees and costs’ flyer for more information. |
| Distribution (cpu) | 2.161170 (30.06.2025) MIT Notice History |
| APIR code | BTA0507AU |
Performance
| As at 30/06/25 | 1m | 3m | 1yr | 3yr (p.a) | 5yr (p.a) | % since inception 30 July 2021 |
|---|---|---|---|---|---|---|
| Total return After fees | 0.75 | 2.72 | 6.97 | 4.27 | 0.24 | 1.96 |
| Distribution | 2.18 | 2.23 | 4.34 | 2.05 | 1.54 | 2.24 |
| Growth | -1.44 | 0.49 | 2.62 | 2.21 | -1.29 | -0.29 |
| Total return (Before fees and tax) | 0.78 | 2.82 | 7.39 | 4.69 | 0.64 | 2.36 |
| Benchmark: Bloomberg AusBond Composite (0+Y) | 0.75 | 2.63 | 6.81 | 3.88 | -0.10 | 1.69 |
Source of fund performance data: Pendal. Past performance is not a reliable indicator of future performance. This information is for general information and is not to be regarded as a securities recommendation. Where performance returns are quoted “After fees” then this assumes reinvestment of distributions and is calculated using exit prices which take into account management costs but not tax you may pay as an investor. Where “Growth” returns are shown, these represent the percentage change in the value of units in the fund excluding any distributions paid. “Distribution” returns equal the difference between the “Total return (After fees)”, and the Growth return. Where performance returns are quoted “After fees and tax”, they are calculated using exit prices which take into account management costs and taxes paid within the trust up to a maximum of 15%. Where performance returns are quoted “Before fees and tax”, they exclude the effects of management costs and any taxes. You can view our Unit Pricing Discretions Policy here.
