Changes to BT Wholesale Australian Sustainable Share Fund

28 August 2017


Changes to BT Wholesale Australian Sustainable Share Fund (ARSN: 097 661 857)

Following a recent review of the BT Wholesale Australian Sustainable Share Fund, the fund name and sustainable and ethical screening process is changing.


Change of fund name

The name of the fund will change from BT Wholesale Australian Sustainable Share Fund to BT Sustainable Australian Share Fund (Fund) to align it with other funds in our sustainable range.


Implementation of additional screens

The Fund will add new screens to its sustainable and ethical screening process, which are to avoid investments in companies with material business involvement in the following activities:

> the production of tobacco or alcohol,

> manufacture or provision of gaming facilities,

> manufacture of weapons or armaments,

> manufacture or distribution of pornography,

> directly mine uranium for the purpose of weapons manufacturing,

> extraction of thermal coal and oil sands production.

BTIM considers that a company has a material business involvement in an activity if 10% or more of its total revenue is derived from that activity. We expect a 10% revenue threshold level to make a meaningful impact on excluding companies from the Fund’s investable universe that are considered to be ‘harmful’ or ‘controversial’ to society whilst allowing the Fund to be managed in line with its investment risk/return objectives.

BTIM believes the additional screens are in line with investors’ present expectation on how sustainable investments are managed and also demonstrate our commitment to a leading approach in responsible investing. 

The product disclosure statement for the Fund has been updated to reflect the changes and is available on the Pendal website.

This article 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 ######. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.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 BT Wholesale Australian Sustainable Share Fund (Fund) ARSN: 097 661 857. A product disclosure statement (PDS) is available for the Fund and can be obtained by calling 1800 813 886 or visiting You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in the Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.

This article 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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