Notice of PDS Update: Pendal Active Funds

We have updated and reissued the Product Disclosure Statements (PDS) for the following Pendal funds effective on and from Thursday,15 May 2025: 

• Pendal Active Balanced Fund
• Pendal Active Conservative Fund
• Pendal Active Growth Fund
• Pendal Active High Growth Fund
• Pendal Active Moderate Fund

(the Funds).

The following is a summary of the key changes reflected in the PDS for each Fund.

Updates to significant risks disclosure

Each Fund’s investment strategy involves specific risks.

We have updated the significant risks disclosure applicable to each Fund to ensure that our disclosure continues to align with the nature and risk profile of each Fund and the current economic and operating environment.

Updates to ongoing annual fees and costs disclosure

The estimated ongoing annual fees and costs for each Fund have been updated to reflect financial year 2024 fees and costs. These include changes to estimated management costs and estimated transaction costs.

We now also disclose the maximum management fee we are entitled to charge under each Fund’s constitution.

Changes to Fund details

We have updated that regular communications for changes will be discontinued except for when there are material changes where we will continue to provide prior notice. Material change notices will continue to be available online in the Important Updates section.

Updates to restrictions on withdrawals

We have updated the disclosure on restrictions on withdrawals to align closer to what is in each Fund’s constitution.

Additional information on how to apply for direct investors

We have provided additional information for non-advised retail investors (retail investors without a financial adviser) investing directly in a Fund who may also be required to complete a series of questions as part of their online Application, to assist us in understanding whether they are likely to be within the target market for a Fund. 

Updates to our complaints handling process

We have provided additional details about our complaints handling process and the Australian Financial Complaints Authority.

This document has been prepared by Pendal Fund Services Limited (Pendal) ABN 13 161 249 332, AFSL No: 431426 and the information is current as at the date of this document. Pendal is the responsible entity and issuer of units in the funds listed in this document (Funds). A Product Disclosure Statement (PDS) is available for each of the Funds and can be obtained by calling us or visiting www.pendalgroup.com. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in a Fund. An investment in any of the Funds is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. 

This information been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation. 

This information is for general information only and should not be considered as a comprehensive statement on any of the matters described and should not be relied upon as such. Neither Pendal nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) gives any warranty for the accuracy, reliability or completeness of the information in this document or otherwise endorses or accepts responsibility for this information. Except where contrary to law, Pendal intends by this notice to exclude all liability for this material.