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Pendal Defensive Equity Income Fund – Terminated

Formerly known as the BT Defensive Equity Income Fund

Fund Information

* The Pendal Defensive Equity Income Fund closed to applications and reinvestments effective 7 June 2018 and will terminate effective 17 July 2018, with the assets liquidated and the net proceeds returned to investors. More information. Significant Features: The Pendal Defensive Equity Income Fund aims to provide a consistent monthly income to investors. Fund Objective: The Fund aims to provide a consistent monthly income plus franking credits; a total return (including franking credits and after fees, costs and taxes) that exceeds the benchmark over rolling 3-year periods; and reduced exposure to the S&P/ASX 200 Index.
Fund Facts
Minimum investment $25,000
Benchmark 30% S&P/ASX 200 Accumulation Index grossed up for franking credits and 70% Bloomberg AusBond Bank Bill Index*. The Fund is compared against the benchmark for performance comparison only. Performance assumes reinvestment of distributions and does not take into consideration tax you may pay as an investor.
Distribution Frequency Monthly
Management Fee 0.75% p.a. Other fees and costs also apply – please refer to the PDS or ‘Fees and costs’ flyer for more information
Buy Sell spread 0.50% (0.25%/0.25%)
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.
APIR code BTA0427AU
*Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) do not approve or endorse this material and disclaim all liability for any loss or damage of any kind arising out of the use of all or any part of this material.

**The annualised rate of income is based on the current and pre-announced distributions to 30 September2018 and the latest application unit price, and assuming no reinvestment of income. As the rate of income depends on the application unit price at the time of investment and the unit price will vary daily, this is not a forecast or guarantee and there is a risk that there may be lower income after 30 September 2018 . Similarly, performance may vary and the value of your investment will go up and down over time.

Performance

As at 31/10/20

1m 3m 1yr 3yr (p.a) 5yr (p.a) % since inception
Total return (Before fees and tax) - - - - - -
Benchmark: 30% ASX 200 Accumulation Index / 70% Bloomberg AusBond Bank Bill Index
(Note: this is not the official benchmark) 		- - - - - -
Total return After fees - - - - - -
Distribution - - - - - -
Growth - - - - - -
Benchmark shown is 30% ASX 200 Accumulation Index / 70% Bloomberg AusBond Bank Bill Index. This benchmark is not the benchmark for the fund and is only shown for the purposes of comparing against the fund’s performance before franking credits. The fund's actual benchmark, as disclosed in the PDS, is 30% ASX 200 Accumulation Index grossed up for franking credits / 70% Bloomberg AusBond Bank Bill Index.

^Inception 02/10/2012

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.

Prices & Distributions

Unit Price

Unit Price History
Date Entry Exit
12 May 2026 $0.000000 $0.000000

Distribution

Unit Distribution History
Date CPU
30 Jun 2018 0.250000

MIT Notice

MIT Notice - Interim Distribution Components

Documents

Annual Report - for the year ended 30 June 2018

Download

Annual Report - for the period 1 July 2018 to 17 July 2018

Download