Pendal Defensive Equity Income - Managed Fund (Closed)

Fund Objective

The Fund aims to provide: consistent monthly income plus franking credits, a total return (including franking credits and after fees, costs and taxes) that exceeds the benchmark over rolling 3-year periods, and reduced exposure to the S&P/ASX 200 Index.

Fund Strategy

The Fund is designed for investors who want consistent monthly tax effective income with the potential for some capital growth and reduced exposure to movements in the Australian share market. The Fund invests primarily in an actively managed portfolio of shares in the S&P/ASX 200 Index and uses options and other derivatives to stabilize and increase income and reduce market risk. Derivatives will not be used to leverage or gear the Fund.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

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

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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	0.2%	0.45%	0.62%	3.1%	3.44%	1.39%	1.95%	-%
Growth return	-0.09%	-0.43%	-1.13%	-0.47%	-0.21%	-2.58%	-2.8%	-%
Income return	0.29%	0.88%	1.75%	3.57%	3.65%	3.97%	4.75%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	-7.15%	-1.61%	-2.61%	11.67%	7.17%	9.54%	8.63%	9.44%

As at 30 Jun 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pendal Defensive Equity Income

Australian Equities: 20.74%

Cash: 79.26%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 96.08%

Cash: -1%

International Equities: 4.01%

Property & Infrastructure: 1.26%

Fixed Interest: -0.33%

Alternatives: -0.02%

General Information

Fund Details

Type	Description
Fund Name	Pendal Defensive Equity Income
Fund Status	Closed
APIR Code	BTA0427AU
Sector/Asset Class	Equity Australia Derivative Income
Morningstar Rating	(as at 30 Jun 2018)
Legal Structure	Investment Fund
Fund Inception	2 Oct 2012
Fund Size	$2.49 million (as at 30 Jun 2018)
Entry Price	$0.8531 (as at 17 Jul 2018)
Exit Price	$0.8487 (as at 17 Jul 2018)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1.14% (as at 30 Jun 2017)
Performance fee (not included in ICR)	0
Minimum initial investment	$25,000
Minimum additional investments

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the Pendal Defensive Equity Income

What is the objective of the Pendal Defensive Equity Income managed fund?

The objective of the Pendal Defensive Equity Income managed fund is The Fund aims to provide: consistent monthly income plus franking credits, a total return (including franking credits and after fees, costs and taxes) that exceeds the benchmark over rolling 3-year periods, and reduced exposure to the S&P/ASX 200 Index.

What is the strategy for the Pendal Defensive Equity Income managed fund?

The strategy of the Pendal Defensive Equity Income managed fund is The Fund is designed for investors who want consistent monthly tax effective income with the potential for some capital growth and reduced exposure to movements in the Australian share market. The Fund invests primarily in an actively managed portfolio of shares in the S&P/ASX 200 Index and uses options and other derivatives to stabilize and increase income and reduce market risk. Derivatives will not be used to leverage or gear the Fund.

What is the APIR code of the Pendal Defensive Equity Income managed fund?

The APIR code of the Pendal Defensive Equity Income managed fund is BTA0427AU.

What was Pendal Defensive Equity Income’s total return last month?

Pendal Defensive Equity Income’s total return last month was 0.2%. This was made up of a growth return of -0.09% and an income return of 0.29%. These returns were calculated as at 30 Jun 2018.

What was Pendal Defensive Equity Income’s total return for the last three months?

Pendal Defensive Equity Income’s total return for the last three months was 0.45%. This was made up of a growth return of -0.43% and an income return of 0.88%%. These returns were calculated as at 30 Jun 2018.

What is Pendal Defensive Equity Income’s one-year total return?

Pendal Defensive Equity Income’s one-year total return is 3.1%. This was made up of a growth return of -0.47% and an income return of 3.57%. These returns were calculated as at 30 Jun 2018.

What is Pendal Defensive Equity Income’s three-year total return?

Pendal Defensive Equity Income’s one-year total return is 1.39%. This was made up of a growth return of -2.58% and an income return of 3.97%. These returns were calculated as at 30 Jun 2018.

What is the asset allocation of the Pendal Defensive Equity Income managed fund?

The asset allocation of the Pendal Defensive Equity Income managed fund is :

Australian Equities: 20.74%

Cash: 79.26%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Pendal Defensive Equity Income managed fund belong to?

The Pendal Defensive Equity Income managed fund belongs to the Equity Australia Derivative Income sector/asset class.

What is the size of the Pendal Defensive Equity Income managed fund?

As at 30 Jun 2018, the size of the Pendal Defensive Equity Income managed fund was $2.49 million.

What is the inception date of the Pendal Defensive Equity Income managed fund?

The Pendal Defensive Equity Income managed fund has an inception date of 2 Oct 2012.

What is the current entry price of the Pendal Defensive Equity Income managed fund?

The current entry price of the Pendal Defensive Equity Income managed fund is $0.8531 per unit and the current exit price is $0.8487 per unit (as at 17 Jul 2018).

What is the current exit price of the Pendal Defensive Equity Income managed fund?

The current exit price of the Pendal Defensive Equity Income managed fund is $0.8487 per unit and the current entry price is $0.8531 per unit (as at 17 Jul 2018).

What is the minimum investment amount for the Pendal Defensive Equity Income managed fund?

The minimum initial investment amount for the Pendal Defensive Equity Income managed fund is $25,000. Minimum additional investment is $0.

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.

What our members say about us