Benefits of investing in the Pendal Wholesale Plus Fixed Interest Fund

An investment in the Fund provides the following benefits:

• Access to a professionally managed portfolio of primarily Australian fixed interest securities which provides income.

• Access to the Manager's investment expertise.

• Exposure to a broad range of cash and fixed interest securities.

The Pendal Wholesale Plus Fixed Interest Fund (the Fund) is likely to be appropriate for a consumer:
– seeking to achieve a return comprised primarily of income through exposure to a portfolio of primarily Australian fixed interest 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 major allocation, core component, minor or satellite allocation within aportfolio;
– who has an investment timeframe of at least 3 years;
– who has a 'Medium to 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 Fixed Interest Fund APIR RFA0813AU (Underlying Fund), which is designed for investors who want income, diversification across a broad range of cash and fixed interest securities and are prepared to accept some variability of returns.

How we invest your money

The Fund invests in the Underlying Fund.

The Underlying Fund aims to take advantage of investment opportunities primarily within the Australian fixed interest market by investing in a combination of Commonwealth government, semi-government and corporate debt and short-term money market securities. The Underlying Fund may also invest tactically in international fixed interest markets.

The Underlying Fund can use derivatives to achieve its investment objective and to gain exposure to assets and markets. Derivatives may also be used to reduce risk and can act as a hedge against adverse movements in a particular market and/or in the underlying assets.

The Manager's investment process for fixed interest aims to add value through multiple strategies and investment research. The Manager seeks to generate excess returns through strategies including active security and sector selection, duration, yield curve and credit management. Their investment approach for credit management seeks to identify opportunities on a sector, issuer and security basis by incorporating top-down and bottom-up research. Top-down research includes analysis of economic and market data, along with macro credit fundamentals such as company earnings, balance sheet health, default rates and equity volatility. The bottom-up research includes analysis of earnings and cashflow volatility, balance sheet, business diversity, industry and valuation.

The asset allocation of the Underlying Fund is:

• Cash, fixed interest securities and currency: 100%