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Mainstream Online Web Portal

Investors can view their accounts online via a secure web portal. After registering, you can access your account balances, periodical statements, tax statements, transaction histories and distribution statements / details.
Advisers will also have access to view their clients’ accounts online via the secure web portal.

Why bonds, why now?

Rate hikes

Bonds have been out of favour, but that’s changing as the pace of rate hikes slows.


Two important roles

Bonds play two important roles in portfolios: providing the ability to reduce the impact of market downturns and providing income.


Economic changes

It’s critical to consider bond duration as the economic picture changes.


Active manager help

That’s where an experienced, active manager can help.


Longer-dated bonds

It’s now time to consider longer-dated bonds, says Pendal’s head of bond strategies Tim Hext.


Read the latest on Income and Fixed Interest

Oliver Ge: Fears of a ’70s inflation re-run are overblown

Quick view

China’s economy is showing signs of recovery. Here’s how our fixed income team is responding

Quick view

Tim Hext: Australian business remains resilient as we enter spring

Quick view

Three conditions making bonds attractive in 2023

Yields have risen with higher rates, making bonds attractive again.


Inflation is falling and rate rises are slowing. Rates may even fall next year. It may be time to lock in longer-duration bonds.


The odds of a harder landing and potential recession have risen. Bonds can offer resilience and diversification in times of economic slowdown.


A deep dive into duration

Why do you keep hearing this term?


What is bond duration and why does it matter?

Remember, the price of a bond moves inversely to the level of interest rates. Higher rates mean bond prices fall. Lower rates mean bond prices rise.

Duration is the term for how significant this effect is – how much the price of a bond changes for a given change in interest rates. It is the most used measure of bond risk. The trick with understanding duration is to not just think that it refers to time. It’s more than that.

Duration is essentially a factor of three things — the bond’s time to maturity, its coupon and its yield.

Duration is measured in years.

  • The price of a bond with a 5-year duration will increase (decrease) in value by 5% if interest rates decrease (increase) by 1%
  • Long duration = bigger changes in price for a given change in rates
  • Short duration = smaller changes in price for a given change in rates
  • The longer the duration, the more sensitive a bond is to changes in interest rates


Our solutions

Pendal’s actively managed bond funds are designed to meet a broad range of investor needs, using duration to manage interest rate risk.


Traditional bond strategies

Income strategies with duration

Meet The Experts

Tim Hext

Head of Government Bond Strategies

Amy Xie Patrick

Head of Income Strategies

George Bishay

Head of Credit and Sustainable Strategies

Steve Campbell

Head of Cash Strategies

Contact Sales

Tim North Ash

Head of Distribution



Laurice Considine

Head of Independent Licensee Distribution



Lee Hopperton

Head of High Net Worth Distribution



Peter Lambos

Head of Institutional



Jeremy Dean

Head of Regnan and Responsible Investment Distribution



This webpage has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at 1 March 2023. It is not to be published, or otherwise made available to any person other than the party to whom it is provided. 

PFSL is the responsible entity and issuer of units in the Pendal Fixed Interest Fund ARSN 089 939 542, Pendal Sustainable Australian Fixed Interest Fund ARSN 612 664 730, Pendal Monthly Income Plus Fund ARSN 137 707 996, Pendal Government Bond Fund (Fund) ARSN: 098 011 048 and the Pendal Dynamic Income Fund ARSN 622 750 734 (the Funds). A product disclosure statement (PDS) is available for the Funds and can be obtained by calling 1300 346 821 or visiting www.pendalgroup.com. The Target Market Determination (TMD) for the Fund is available at www.pendalgroup.com/ddo. You should obtain and consider the PDS and the TMD before deciding whether to acquire, continue to hold or dispose of units in the Fund.  

An investment in the Funds is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.

This webpage is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has 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. 

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