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  5. Pendal Enhanced Credit - Managed fund profile

Pendal Enhanced Credit - Managed Fund (Closed)

Fund Objective
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Non Govt 0 Yr Index over the medium term.
Fund Strategy
This Fund is designed for investors who want income, diversification across a broad range of companies and industries and are prepared to accept some variability of returns. The Fund aims to take advantage of investment opportunities within the Australian non-Government fixed interest market and invests primarily in Australian dollar corporate bonds including investment grade securities issued by leading corporations listed on the Australian Securities Exchange.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.91% 0.56% 3.37% 6.67% 5.33% 1.42% 1.23% 2.89%
Growth return 0.91% 0.56% 3.26% 6.44% 5.09% -0.07% -0.91% -0.54%
Income return 0% 0% 0.11% 0.23% 0.24% 1.49% 2.14% 3.43%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.49% 1.25% 1.39% 2.84% 4.39% 2.5% -0.63% 1.95%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pendal Enhanced Credit
Cash
17.86%
Fixed Interest
82.14%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
5.49%
Fixed Interest
92.28%
Australian Equities
0.06%
International Equities
0.01%
Property & Infrastructure
0%
Alternatives
2.17%

General Information

Fund Details
Type Description
Pendal Enhanced Credit
Closed
RFA0100AU
Diversified Credit
starstarstar (as at 31 Oct 2024)
Investment Fund
25 Nov 1998
$9.54 million (as at 30 Nov 2024)
$0.961 (as at 2 Dec 2024)
$0.961 (as at 2 Dec 2024)
Finalised
Offer information
Type Description
MER 0.45% (as at 11 Apr 2024)
Indirect Cost Ratio (ICR) - Estimated 0.45% (as at 30 Jun 2024) (Estimated)
Performance fee (included in ICR) 0
Minimum initial investment $25,000
Minimum redemption amount

Top 10 holdings (as at 30 Nov 2024)

Holding (as at 30 Nov 2024) Type % of Portfolio
Aust 3yr Bond Fut Dec24 Bond - Treasury Future 34.41%
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FAQs about the Pendal Enhanced Credit

The objective of the Pendal Enhanced Credit managed fund is The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Non Govt 0+Yr Index over the medium term.

The strategy of the Pendal Enhanced Credit managed fund is This Fund is designed for investors who want income, diversification across a broad range of companies and industries and are prepared to accept some variability of returns. The Fund aims to take advantage of investment opportunities within the Australian non-Government fixed interest market and invests primarily in Australian dollar corporate bonds including investment grade securities issued by leading corporations listed on the Australian Securities Exchange.

The APIR code of the Pendal Enhanced Credit managed fund is RFA0100AU.

Pendal Enhanced Credit’s total return last month was 0.91%. This was made up of a growth return of 0.91% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Pendal Enhanced Credit’s total return for the last three months was 0.56%. This was made up of a growth return of 0.56% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Pendal Enhanced Credit’s one-year total return is 6.67%. This was made up of a growth return of 6.44% and an income return of 0.23%. These returns were calculated as at 30 Nov 2024.

Pendal Enhanced Credit’s one-year total return is 1.42%. This was made up of a growth return of -0.07% and an income return of 1.49%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Pendal Enhanced Credit managed fund is :

Cash
17.86%
Fixed Interest
82.14%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Pendal Enhanced Credit managed fund belongs to the Diversified Credit sector/asset class.

As at 30 Nov 2024, the size of the Pendal Enhanced Credit managed fund was $9.54 million.

The Pendal Enhanced Credit managed fund has an inception date of 25 Nov 1998.

The current entry price of the Pendal Enhanced Credit managed fund is $0.961 per unit and the current exit price is $0.961 per unit (as at 2 Dec 2024).

The current exit price of the Pendal Enhanced Credit managed fund is $0.961 per unit and the current entry price is $0.961 per unit (as at 2 Dec 2024).

The minimum initial investment amount for the Pendal Enhanced Credit managed fund is $25,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.