Notice of Termination: Pendal Asian Share Fund (APIR Wholesale Class BTA0054AU and APIR Class B BTA0263AU; ARSN 087 593 468)

The Pendal Asian Share Fund (Fund) will terminate on Monday, 18 August 2025.

Why is the Fund terminating?

We regularly review our product offerings and investment capabilities to ensure that our business continues to maintain a product suite that remains viable and relevant to our investor demands.

After careful consideration, we have determined that terminating the Fund is in the best interests of investors.

The Fund’s small size means that it has high running costs and cannot be managed in a cost efficient way.

We also consider that the Fund has little prospect of significant growth in funds under management in the foreseeable future. If the Fund were to continue, the Fund’s size would result in higher management costs for investors, which would reduce their investment returns.

How this affects you?

We will terminate the Fund on Monday, 18 August 2025.

Any applications received after 2:00pm (Sydney time) on Tuesday, 13 May 2025 will not be accepted. There will be no reinvestment of distributions from 2:00pm (Sydney time) on Tuesday, 13 May 2025.

We will continue to accept withdrawal requests up to 2:00pm (Sydney time) on Friday, 15 August 2025.

As soon as practicable after the Fund is terminated on Monday, 18 August 2025, we will begin winding up the Fund. The assets remaining in the Fund will be realised and the proceeds distributed to all investors in proportion to their unit holding.

What does this mean for you?

The cash proceeds from this termination will be paid directly to your nominated bank account on file on or around the week commencing Monday, 25 August 2025 or shortly thereafter.

Any distributions paid from 2:00pm (Sydney time) on Tuesday, 13 May 2025 will be paid as cash into your nominated bank account on file.

Details of any distributions paid to you during the financial years ending 30 June 2025 and 30 June 2026 will be included in your 2025 and 2026 AMIT Member Annual (AMMA) statements, respectively. These statements will set out the components of the income that have been attributed to you following the end of the financial years ending 30 June 2025 and 30 June 2026.

Questions?  

If you have any questions, please contact our Investor Relations Team during business hours on 1300 346 821.