May, 2021
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the RBA Cash Rate over rolling 3-year periods while allowing for some capital growth to reduce the impact of inflation.
The Fund’s investment strategy seeks to provide a reliable and consistent income stream that is commensurate with the prevailing cash rate. This will be achieved primarily by exposure to liquid cash and fixed income investments that generally continue to produce income even in times of stress.The Fund’s strategy also seeks to reduce the impact of inflation through exposure to growth assets (namely Australian shares) which will provide investors with the potential for some capital growth.
The Fund invests mainly in fixed and floating credit, government bonds and cash securities as well as Australian shares. The Fund is diversified with the goal of achieving stability and consistency of income over the long term
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Pendal-Monthly-Income-Plus-Fund-Factsheet-1.pdfJanuary, 2021
The Fund delivered a small negative return of -0.16% (pre-fee) over January. The key drivers was small negative active returns from Australian equity strategy and our duration, which dragged down returns from our credit strategy. Australian Equities market returned a small positive however, negative stock selection detracted which saw a total negative return for the month. Concerns around rising inflation due to increase fiscal stimulus out of the US combined with higher growth prospects as the successful rollout of the vaccine started in UK, Europe and the US saw bond yields rise over the month causing losses for our interest rate duration and government bond exposures. Credit markets were positive with our overweight Infrastructure positioning benefiting form a small rally in their spreads.
The fund continued to hold its more risk on allocation with equities at 19% as we use the positive momentum in equities to increase to our highest weight possible at the moment, with the volatility signal still on so the last 6% exposure won’t be entered until mid-2020 at best. We continue to hold 6% to Government bonds still, with the remainder in cash (15%) and Australian Credit at 61%.
File: https://commentary.quantreports.net/wp-content/uploads/2021/02/Pendal-Monthly-Income-Plus-Fund-Factsheet.pdfasset_class: Multi-Asset
asset_category: Multi-Asset Income
peer_benchmark: Multi-Asset - Multi-Asset Income Index
broad_market_index: Multi-Asset Growth Investor Index
manager_contact_details: Array
ticker: BTA0318AU
release_schedule: Monthly
commentary_block: Array
factsheet_url:
https://www.pendalgroup.com/products/
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Fact sheet
fund_features:
Pendal Monthly Income Plus Fund aims to provide a return (before fees, costs and taxes) that exceeds the RBA Cash Rate over rolling 3-year periods while allowing for some capital growth to reduce the impact of inflation. This Fund is designed for investors who want the potential for regular income and some long-term capital growth to protect against inflation, diversification across a range of asset classes and are prepared to accept some variability of returns. The Fund invests in a number of income generating strategies across a range of asset classes, including fixed interest, shares, and cash. The Fund may also use derivatives.
structure: Managed Fund