Pendal Multi-asset Target Return - Managed Fund

Fund Objective

The Fund is designed for investors who are seeking a return that exceeds inflation, diversification across a broad range of asset classes and are prepared to accept some variability of returns. The Fund aims to generate its returns by investing in shares, listed property securities, fixed interest and alternative investments, both in Australia and globally. To gain its exposure to these asset classes the Fund may invest in shares, bonds, derivatives, unit trusts, exchange traded funds and listed investment companies/trusts.

Fund Strategy

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.87%	1.74%	3.71%	8.45%	6.48%	3.95%	2.75%	-%
Growth return	0.64%	2.15%	3.83%	8.64%	7.07%	4.22%	1.44%	-%
Income return	0.23%	-0.41%	-0.12%	-0.19%	-0.59%	-0.27%	1.31%	-%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	0.36%	-0.19%	3.12%	6.99%	9.02%	8.52%	5.72%	6.52%

As at 31 Jan 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pendal Multi-asset Target Return

Australian Equities: 4.37%

International Equities: 26.81%

Cash: 14.01%

Fixed Interest: 32.26%

Alternatives: 22.56%

Property & Infrastructure: 0%

Average Allocation of Peers

Australian Equities: 17.63%

International Equities: 27.58%

Cash: 7.23%

Fixed Interest: 34.37%

Alternatives: 9.36%

Property & Infrastructure: 3.83%

General Information

Fund Details

Type	Description
Fund Name	Pendal Multi-asset Target Return
Responsible Entity	BT Investment Management Ltd
APIR Code	PDL3383AU
Sector/Asset Class	Multisector Flexible
Morningstar Rating	(as at 31 Jan 2026)
Legal Structure	Investment Fund
Fund Inception	11 Apr 2018
Fund Size	$119143371 million (as at 20 Feb 2026)
Entry Price	$1.0834 (as at 20 Feb 2026)
Exit Price	$1.0808 (as at 20 Feb 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.78% (as at 19 Dec 2024)
Indirect Cost Ratio (ICR) - Estimated	0.78% (as at 30 Jun 2025) (Estimated)
Minimum initial investment	$25,000

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
New South Wales Treasury Corporation 3%		4.55%
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FAQs about the Pendal Multi-asset Target Return

What is the objective of the Pendal Multi-asset Target Return managed fund?

The objective of the Pendal Multi-asset Target Return managed fund is The Fund is designed for investors who are seeking a return that exceeds inflation, diversification across a broad range of asset classes and are prepared to accept some variability of returns. The Fund aims to generate its returns by investing in shares, listed property securities, fixed interest and alternative investments, both in Australia and globally. To gain its exposure to these asset classes the Fund may invest in shares, bonds, derivatives, unit trusts, exchange traded funds and listed investment companies/trusts.

What is the strategy for the Pendal Multi-asset Target Return managed fund?

The strategy of the Pendal Multi-asset Target Return managed fund is The Fund is designed for investors who are seeking a return that exceeds inflation, diversification across a broad range of asset classes and are prepared to accept some variability of returns. The Fund aims to generate its returns by investing in shares, listed property securities, fixed interest and alternative investments, both in Australia and globally. To gain its exposure to these asset classes the Fund may invest in shares, bonds, derivatives, unit trusts, exchange traded funds and listed investment companies/trusts.

What is the APIR code of the Pendal Multi-asset Target Return managed fund?

The APIR code of the Pendal Multi-asset Target Return managed fund is PDL3383AU.

What was Pendal Multi-asset Target Return’s total return last month?

Pendal Multi-asset Target Return’s total return last month was 0.87%. This was made up of a growth return of 0.64% and an income return of 0.23%. These returns were calculated as at 31 Jan 2026.

What was Pendal Multi-asset Target Return’s total return for the last three months?

Pendal Multi-asset Target Return’s total return for the last three months was 1.74%. This was made up of a growth return of 2.15% and an income return of -0.41%%. These returns were calculated as at 31 Jan 2026.

What is Pendal Multi-asset Target Return’s one-year total return?

Pendal Multi-asset Target Return’s one-year total return is 8.45%. This was made up of a growth return of 8.64% and an income return of -0.19%. These returns were calculated as at 31 Jan 2026.

What is Pendal Multi-asset Target Return’s three-year total return?

Pendal Multi-asset Target Return’s one-year total return is 3.95%. This was made up of a growth return of 4.22% and an income return of -0.27%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the Pendal Multi-asset Target Return managed fund?

The asset allocation of the Pendal Multi-asset Target Return managed fund is :

Australian Equities: 4.37%

International Equities: 26.81%

Cash: 14.01%

Fixed Interest: 32.26%

Alternatives: 22.56%

Property & Infrastructure: 0%

Who is the responsible Entity of the Pendal Multi-asset Target Return managed fund?

The Responsible Entity for the Pendal Multi-asset Target Return managed fund is BT Investment Management Ltd.

What sector/asset class does the Pendal Multi-asset Target Return managed fund belong to?

The Pendal Multi-asset Target Return managed fund belongs to the Multisector Flexible sector/asset class.

What is the size of the Pendal Multi-asset Target Return managed fund?

As at 20 Feb 2026, the size of the Pendal Multi-asset Target Return managed fund was $119143371 million.

What is the inception date of the Pendal Multi-asset Target Return managed fund?

The Pendal Multi-asset Target Return managed fund has an inception date of 11 Apr 2018.

What is the current entry price of the Pendal Multi-asset Target Return managed fund?

The current entry price of the Pendal Multi-asset Target Return managed fund is $1.0834 per unit and the current exit price is $1.0808 per unit (as at 20 Feb 2026).

What is the current exit price of the Pendal Multi-asset Target Return managed fund?

The current exit price of the Pendal Multi-asset Target Return managed fund is $1.0808 per unit and the current entry price is $1.0834 per unit (as at 20 Feb 2026).

What is the minimum investment amount for the Pendal Multi-asset Target Return managed fund?

The minimum initial investment amount for the Pendal Multi-asset Target Return 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.

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