Changes to the issuer fee
Pendal Stable Cash Plus Fund (APIR: BTA0459AU)
Reduction in management costs from 1 July 2020 to 30 June 2021
Due to the economic impacts of Covid-19, the RBA reduced the official cash rate from 0.50% to 0.25% on 20 March 2020.
With the cash rate likely to remain at a record low of 0.25%, the Pendal Stable Cash Plus Fund (Fund), currently offered to investors with a minimum initial investment of $500,000 at an issuer fee of 0.18% pa will be reduced to 0.15% pa effective from 1 July 2020, for a period of 12 months. Over this period, the Fund’s issuer fee will be reviewed and any changes will be communicated to investors prior to 1 July 2021.