Benefits of investing in the Pendal Wholesale Plus Property Securities Fund

• Investing in the Fund offers investors a range of benefits including the following:

• Access to a professionally managed portfolio of property securities and the potential for long term capital growth and income.

• Access to the Manager's investment expertise and valuation-driven investment style.

• Broad based coverage of Australian property securities.

The Pendal Wholesale Plus Property Securities Fund (the Fund) is likely to be appropriate for a consumer:
− seeking to achieve long term capital growth and income through investing in an actively managed portfolio of primarily Australian property securities.
− intending to access the Fund through an Investor Directed Portfolio Service (IDPS), IDPS-like scheme or a nominee or custody service, a managed account or any other service or platform approved by us (collectively referred to as an 'Investment Service') or through a superannuation fund. The Fund isn’t open to direct investors;
− intending to use the investment in the Fund as a minor or satellite allocation within a portfolio;
− who has an investment timeframe of at least 6 years;
− who has a 'Very High' risk/return profile; and
− seeking the ability to make daily withdrawal requests and for withdrawal proceeds to be paid typically within 10 Business Days to the consumer's Investment Service or superannuation fund under normal market conditions

About the Fund

The Fund will invest into the Pendal Property Securities Fund APIR BTA0061AU (Underlying Fund), which is designed for investors who want the potential for long term capital growth and income, diversification across a broad range of Australian property securities and are prepared to accept higher variability of returns.

How we invest your money

The Fund invests in the Underlying Fund.

The Underlying Fund invests in property securities including listed property trusts, developers and infrastructure investments. The Underlying Fund invests primarily in Australia but at times it may have some overseas exposure. Up to 15% of the Underlying Fund can be invested in international listed property securities. Up to 5% may also be invested in unlisted property investments. The Underlying Fund may also hold cash and may use derivatives.

The Manager's investment process for property securities is based on their valuation-driven investment style and aims to add value through active security selection and fundamental investment research. The Manager's valuation-driven investment style is to identify securities that are mispriced relative to their fundamental value. Their fundamental investment research focuses on financial modelling, valuation and identifying quality securities through franchise, management quality and risk factors (both financial and non-financial risk).

The Underlying Fund may have 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 Underlying Fund's foreign currency exposure will generally be fully hedged back to the Australian dollar to the extent considered reasonably practicable.

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 by the Underlying Fund to gain exposure to assets and markets.

The asset allocation of the Underlying Fund is:

• Property: 80-100%

• Cash: 0-20%