Pendal Wholesale Plus Active Moderate Fund
About this Fund
|FUND MANAGER||Pendal Institutional|
|INVESTMENT STYLE||The Fund invests into the Underlying Fund which is an actively managed diversified portfolio that invests in Australian and international shares, property securities, fixed interest, cash and alternative investments.|
|INVESTMENT PROFILE||The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Benchmark over the medium term.|
|CURRENCY MANAGEMENT||Active management|
|FUND SIZE||Custom composite|
|NO. OF HOLDINGS|
|FEES||0.66% p.a. of the net asset value of the Fund|
Benefits of investing in the Pendal Wholesale Plus Active Moderate Fund
Investing in the Fund offers investors a range of benefits, including the following.
About the Fund
The Fund invests into the Underlying Fund which is an actively managed diversified portfolio that invests in Australian and international shares, Australian and international property securities, Australian and international fixed interest, cash and alternative investments. The underlying portfolio has a similar weighting towards defensive assets as it does to growth assets.
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Fund's benchmark over the medium to long term.
The benchmark for the Fund is created from a range of published indices. The benchmark is based on the asset allocation neutral position and the index returns for each asset class. Details of the particular market indices used for the Fund's benchmark can be found at bt.com.au/WholesalePlus.
How we invest your money
The Fund invests in the Underlying Fund, which is designed for investors who want the potential for long term capital growth and income, diversification across a broad range of asset classes and are prepared to accept some variability of returns. The Underlying Fund invests in Australian and international shares, Australian and international listed property securities, Australian and international fixed interest, cash and alternative investments. The Underlying Fund may also invest in derivatives. The Underlying Fund has a similar weighting to defensive assets as it does to growth assets.
The assets of the Underlying Fund are managed by the Manager together with a number of leading investment managers, such as AQR for international shares and AEW for international listed property securities. The Manager manages the asset allocation of the Underlying Fund. The Manager may implement asset allocation decisions away from the neutral position within the specified minimum and maximum ranges based on investment views.
Alternative investments refer to a range of investments that do not fall within the four main asset classes of shares, property, fixed interest and cash. They can be based on publicly traded securities like shares, bonds and derivatives, which include hedge funds, absolute return funds and commodity investments. Some alternatives are based on private securities; these include venture capital and private equity. Investment strategies that may be found in some alternative investments include the use of gearing, short selling (selling something you do not own with a view of buying it back later at a lower price) and more extensive use of derivatives.
The Underlying Fund has assets that are denominated in foreign currencies. This means that changes to the Australian dollar relative to foreign currencies may affect the value of the assets of the Underlying Fund. The international fixed interest, international listed property securities and international alternative investment exposures are fully hedged to the Australian dollar to the extent considered reasonably practicable. Generally, the Underlying Fund's international share exposure will not be hedged to the Australian dollar. Derivatives may be used by the Underlying Fund 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.
The Underlying Fund invests in the asset classes stated below and has a corresponding asset allocation range.