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  5. Generation Pendal Enhanced Credit - Managed fund profile

Generation Pendal Enhanced Credit - Managed Fund

Fund Objective
The Fund aims to outperform (after management costs) the RBA Official Cash Rate over rolling three year periods.
Fund Strategy
We seek to build the optimal portfolio exhibiting attractive income and risk characteristics and we undertake this by employing both top-down research and bottom-up security specific analysis. The Fund will be managed with the intention of maximising total return (income plus growth). We aim to hedge foreign currency exposures to the Australian dollar.

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 0.6% 0.86% 3.13% 2.83% 1.3% -0.7% 0.19% 0.98%
Growth return 0.6% 0.86% 3.13% 2.83% 1.3% -0.7% 0.19% 0.98%
Income return 0% 0% 0% 0% 0% 0% 0% 0%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return 0.81% -0.31% 5.1% 2.53% -1.56% -2.38% -% 2.33%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation Pendal Enhanced Credit
Cash
4.57%
Fixed Interest
95.43%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%
Average Allocation of Peers
Cash
9.24%
Fixed Interest
89.84%
Australian Equities
0.34%
International Equities
0.10%
Property
0.02%
Alternatives
0.47%

General Information

Fund Details
Type Description
Generation Pendal Enhanced Credit
Austock Life Limited
ALL0017AU
Diversified Credit
Not Rated
Investment Fund
13 Aug 2004
$6.2 million (as at 28 Mar 2024)
$1.5464 (as at 16 Apr 2024)
$1.5436 (as at 16 Apr 2024)
Open
Offer information
Type Description
Standard entry fee 4%
Indirect Cost Ratio (ICR) 1.05% (as at 30 Jun 2021)
Performance fee (not included in ICR) Not Available
Minimum initial investment $500.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
Aust 3yr Bond Fut Jun24 Bond - Treasury Future 9.05%
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FAQs about the Generation Pendal Enhanced Credit

The objective of the Generation Pendal Enhanced Credit managed fund is The Fund aims to outperform (after management costs) the RBA Official Cash Rate over rolling three year periods.

The strategy of the Generation Pendal Enhanced Credit managed fund is We seek to build the optimal portfolio exhibiting attractive income and risk characteristics and we undertake this by employing both top-down research and bottom-up security specific analysis. The Fund will be managed with the intention of maximising total return (income plus growth). We aim to hedge foreign currency exposures to the Australian dollar.

The APIR code of the Generation Pendal Enhanced Credit managed fund is ALL0017AU.

Generation Pendal Enhanced Credit’s total return last month was 0.6%. This was made up of a growth return of 0.6% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Generation Pendal Enhanced Credit’s total return for the last three months was 0.86%. This was made up of a growth return of 0.86% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Generation Pendal Enhanced Credit’s one-year total return is 2.83%. This was made up of a growth return of 2.83% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Generation Pendal Enhanced Credit’s one-year total return is -0.7%. This was made up of a growth return of -0.7% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

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

Cash
4.57%
Fixed Interest
95.43%
Australian Equities
0%
International Equities
0%
Property
0%
Alternatives
0%

The Responsible Entity for the Generation Pendal Enhanced Credit managed fund is Austock Life Limited.

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

As at 28 Mar 2024, the size of the Generation Pendal Enhanced Credit managed fund was $6.2 million.

The Generation Pendal Enhanced Credit managed fund has an inception date of 13 Aug 2004.

The current entry price of the Generation Pendal Enhanced Credit managed fund is $1.5464 per unit and the current exit price is $1.5436 per unit (as at 16 Apr 2024).

The current exit price of the Generation Pendal Enhanced Credit managed fund is $1.5436 per unit and the current entry price is $1.5464 per unit (as at 16 Apr 2024).

The minimum initial investment amount for the Generation Pendal Enhanced Credit managed fund is $500. Minimum additional investment is $1000.

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.