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Pendal’s Focus Australian Share Fund has a 16-year track record across varying market conditions. It features our highest conviction ideas and drives alpha from stock insight over style or thematic exposures.Find out more
As at 31/07/22
Source: Pendal. Past performance is not a reliable indicator of future performance. For performance of the fund over the last 1,3 and 5 years, please refer to the Fund Performance table below.
As at 31/07/22
Extensive corporate access and strong relationships bring our equities team a range of actionable insights that underpin the performance of Pendal’s Focus Australian Share Fund. The team applies a five-factor framework to identify companies such as software maker Xero that are generating strong, sustainable returns on their capital investments. In this video equities analyst Elise McKay explains how she identified Xero as our top pick in the ASX tech sector.
Relying on one “style” of investing can lead to prolonged periods of underperfomance — as value investors have seen for many years. Trying to time swings in style involves anticipating changes in macro variables and investor sentiment — something that’s incredibly hard to get consistently right. We address this issue by building portfolios based on company insight. We want a portfolio that can perform regardless of the environment, driven by stock selection.Read moreRead less
Our aim is a portfolio that is not hostage to one style or a theme playing out in a certain way. During the COVID period we created segments in the portfolio that worked together, allowing it to perform in different scenarios. Key segments included defensives, growth stocks, policy beneficiaries, quality franchises and recovery plays. The aim is to find companies with attractive fundamental features that can help limit the downside if the macro factors are not supportive, while delivering the potential for large upside gains in the right environment. Pendal Focus Australian Share fund consistently outperformed through the pandemic:
Source: Pendal. Past performance is not a reliable indicator of future performance.
Pendal’s equities team follows a disciplined process focused on anticipating change. The team analyses opportunities via a five-factor lens that’s designed to anticipate the level and quality of a company’s earnings.Read moreRead less
The five factors are: industry structure, cyclical trends, business innovation, self-help measures and capital allocation.
Consistent performance requires an understanding of companies and industries drawn from the kind of management access that comes with a highly experienced, 19-strong Australian equities team.Read moreRead less
The Pendal team was established in 2003 under Crispin Murray, who has more than 30 years of experience in investment management. It’s one the biggest and most experienced in Australia, allowing full, in-depth market coverage to maximise the opportunity set. The team has an average of 21 years of experience and 13 years tenure at Pendal.
Pendal Focus Australian Share Fund fund has beaten the market 12 out of 16 years after fees.Read moreRead less
We seek more consistent performance through:
Consistent, long-term alpha
Head of EquitiesRead bio
Crispin is Head of Equities at Pendal Group an ASX listed fund manager with A$90b funds under management (FUM). He joined the funds management business of BT Financial Group, now Pendal Group, in 1994, initially responsible for European equities and served as Head of European Equities from April 1998. He was subsequently appointed to his current role in January 2003 overseeing Pendal’s Australian equities business, currently managing A$15b of FUM, making it the largest fundamental equity team in the market. He is responsible for managing a number of our flagship Australian equity funds, which under his watch have outperformed the market over multiple periods since his appointment in 2003. Prior to Pendal, Crispin worked for Equitable Life in London. Crispin is a Director of the Anika Foundation and served as a Director of Football Federation of Australia from 2015-19. He holds an Honours degree in Economics & Human Geography from Reading University.
Head of Distribution
Head of Institutional
Head of High Net Worth Distribution
Head of Independent Licensee Distribution
Head of Regnan and Responsible Investment Distribution
|1m||3m||1yr||3yr (p.a)||5yr (p.a)||% since inception 01/05/2001|
|Total return (Before fees and tax)||-3.47||7.71||-2.45||6.66||8.49||9.98|
|Benchmark: S&P/ASX 300 (TR) Index||-3.29||9.13||-1.77||5.51||7.10||7.49|
|Total return After fees||-3.53||7.51||-3.17||5.69||7.50||8.90|
Source of fund performance data: Pendal. Past performance is not a reliable indicator of future performance.
The Pendal Focus Australian Share Fund is an actively managed concentrated portfolio of Australian shares.
The Fund aims to provide a return (before fees, costs and taxes) that exceeds the S&P/ASX 300 (TR) Index over the medium to long term.
S&P/ASX 300 (TR) Index
|Distribution (cpu):||3.750 (31.12.2022)|
|Fees & costs||
Management fee: 0.75% p.a. Performance fee: 0.23%* Other fees and costs also apply – refer to the PDS or ‘Fees and costs’ flyer for more information.
* This is the Fund’s performance fee for financial year ending 30 June 2021 but this will vary from year to year depending on actual Fund performance.
|Buy Sell spread||
An investment fund is subject to a number of risks. For a detailed description of these risks please refer to the PDS.
Pendal Fund Services Limited is the responsible entity and issuer of units in the Pendal Focus Australian Share Fund (Fund) ARSN: 113 232 812. A product disclosure statement (PDS) is available for the Fund 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 Fund is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. “Regnan” is a registered trademark of Pendal Group Limited. The information on this website is for general information purposes only and 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 and, if necessary, seek professional advice. This information is not to be regarded as a securities recommendation. Where performance returns are quoted “After fees” then this assumes reinvestment of distributions and is calculated using exit prices which take into account management costs but not tax you may pay as an investor. Where “Growth” returns are shown, these represent the percentage change in the value of units in the Fund excluding any distributions paid. “Distribution” returns equal the difference between the “Total return (After fees)”, and the Growth return. Where performance returns are quoted “After fees and tax”, they are calculated using exit prices which take into account management costs and taxes paid within the trust up to a maximum of 15%. Where performance returns are quoted “Before fees and tax”, they exclude the effects of management costs and any taxes. In the case of the Pendal Managed Cash Fund and the Pendal Stable Cash Plus Fund all returns are calculated using the average of the daily distribution yields and assume monthly reinvestment of distributions. You can view our Unit Pricing Discretions Policy here.