Pendal MidCap Fund
About this Fund
|FUND MANAGER||Pendal Institutional|
|ASSET CLASS||AUSTRALIAN EQUITIES|
|INVESTMENT STYLE||The Fund is an actively managed portfolio of Australian mid-cap shares.|
|INVESTMENT PROFILE||The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Benchmark over the medium to long term.|
|CURRENCY MANAGEMENT||Active management|
|BENCHMARK||BT Midcap Custom Index|
|FUND SIZE||BT Midcap Custom Index|
|NO. OF HOLDINGS||40-60|
Benefits of investing in the Pendal MidCap Fund
Investing in the Fund offers investors a range of benefits:
Medium to High
This Fund is designed for investors who want the potential for long term capital growth and tax effective income from a portfolio of primarily 40-60 Australian mid cap shares and are prepared to accept higher variability of returns.
About the Fund
The Pendal MidCap Fund (Fund) is an actively managed portfolio of approximately 40 - 60 stocks in the MidCap universe. Investors benefit from the stock selection experience of the Pendal Australian Equities team, gaining access to a diversified portfolio of Pendal's best stock ideas in this part of the market capitalisation spectrum.
The MidCap universe generally comprises companies ranked between 51 and 150 of the S&P/ASX 200 Index. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange.
Pendal is an active manager of MidCaps employing a bottom-up valuation process. The investment strategy follows the same investment philosophy and process as applied throughout the stable of Pendal Australian equities funds. This allows us to capitalise on our strengths and investment style.
The Fund is designed to complement a conventional, core share portfolio by providing satellite exposure to select Australian MidCap equities with the potential for performance enhancement.
Pendal's investment process for Australian shares is based on our core investment style and aims to add value through active stock selection and fundamental company research. Pendal's core investment style is to select stocks based on our assessment of their long term worth and ability to outperform the market, without being restricted by a growth or value bias. Our fundamental company research focuses on valuation, franchise, management quality and risk factors (both financial and non-financial risk).
How we invest your money
Pendal defines the mid cap universe to include companies ranked between 51 and 150 of the S&P/ASX 200 Index. The Fund may also invest in equivalent companies listed on the New Zealand Stock Exchange, hold cash and may use derivatives.
The Fund may have
assets denominated in foreign currencies. This means that changes
in the value of the Australian dollar relative to foreign currencies may affect the value of the assets of the Fund. The Fund's foreign currency exposure may be hedged from time to time, in whole or part.
Derivatives may be used to reduce risk and can act as a hedge against adverse movements in a particular market and/or in the underlying assets. Derivatives can also be used to gain exposure to assets and markets.
Asset Classes and Asset Allocation Ranges