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 the date of its publication. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.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 of, and issuer of units in the Pendal Global Select Fund ARSN: 651 789 678 (the “Fund”). PFSL has appointed J O Hambro Capital Management Limited to manage the assets of the Fund. A product disclosure statement (PDS) is available for each class in 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 relevant PDS and 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. 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. Past performance is not a reliable indicator of future performance.
J O Hambro Capital Management Ltd claims compliance with the Global investment Performance Standards (GIPS®) and has prepared the performance information presented in this webpage in compliance with the GIPS standards. J O Hambro Capital Management Ltd has been independently verified for the periods 1st December 2001 to 31st December 2019. The verification report(s) is/are available upon request. A firm that claims compliance with the GIPS standards must establish policies and procedures for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. Verification does not provide assurance on the accuracy of any specific performance report. For the purposes of compliance with GIPS®, the Firm is defined as all open-ended and segregated assets managed since November 2001 by J O Hambro Capital Management Ltd (“JOHCM”), a UK investment management firm. All portfolio returns are calculated on a total return basis, including realized and unrealized gains plus income. All total return calculations include returns for any cash balances held within the portfolio. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote JOHCM, nor does it warrant the accuracy or quality of the content contained herein. Gross and net performance is calculated after the deduction of trading expenses. All dividends and income are calculated gross of recoverable but net of irrecoverable taxes. For open-ended portfolios, net performance is calculated net of all costs including custody and management fees. Net performance for segregated portfolios is calculated net of all management fees (including actual annual management charges and performance fees). For open-ended portfolios based in the UK or Dublin on which JOHCM receive a NAV, from 1st January 2016 onwards, reporting on net performance switched from the B share class to the corresponding A share class. This is as a result of RDR share reporting requirements, which requires net performance to be reported on the lowest fee-paying share class. Dublin and UK open-ended portfolios launched after 31st March 2014 have historically reported on the A share class, so there was no change to reporting. For funds that launched prior to 2003, the gross performance of open-ended portfolios is calculated by adding back one twelfth of the annual management fee to the monthly net return for all periods before September 2003. For those funds that launched in 2003 onwards (and from September 2003 in the case of the above), gross performance is calculated by adding back one twelfth of the annual total expense ratio (provided quarterly) of the portfolio, on a monthly basis, to the net return. Between 1st February 2011 and 29th February 2020, JOHCM employed a policy to exclude portfolio performance from composites in months where the portfolio had experienced a cash flow greater than 30% of assets at the time of cash flow. This policy was employed for all composites, with exception of single account composites. If after a period of time a composite which had previously included more than one account became a single account composite, it would at this point cease to be included in this procedure. As of 1st March 2020, and following discussions with the JOHCMs new verifier, JOHCM no longer employs this policy. Portfolios in this composite may participate in a stock lending programme at discretion. Any income from stock lending is included in performance. Additional information on the methodologies used for the valuation of portfolios, the calculation and reporting of returns and the preparation of GIPS Reports is available upon request. The base fee to invest in this mandate for A class investors is 0.75% per annum. For B class investors, a base fee of 1.50% per annum is applicable. A performance fee may also be applicable. Timing and sourcing of exchange rates may differ between funds in the composite and the benchmark due to the use of differing third party administrators to produce portfolio valuations. Monthly composite Gross-of-fee returns are used for the inputs in the external and internal dispersion risk measures. All composites are compared to indices priced at close of business. Where the composite contains open-ended portfolios, market fluctuations between the intra-day pricing of the fund and close of day will have an impact on relative performance. Dispersion is measured by the standard deviation across asset-weighted portfolio returns represented within the composite for the full year. Periods with less than 5 accounts are not deemed statistically representative and dispersion is not presented. The 3 year annualised ex-post standard deviation of the composite and benchmark is displayed as of each year end. The standard deviation is not presented if there is less than 36 months of performance history available. Performance results shown include the reinvestment of dividends and other earnings. The benchmark for this composite is the MSCI All Country World NR Index. All MSCI indices are calculated net dividends reinvested. The dividend is reinvested after deduction of withholding tax, applying the rate to non-resident individuals who do not benefit from double taxation treaties. MSCI uses withholding tax rates applicable to Luxembourg holding companies, as Luxembourg applies the highest rates. Past performance is no guarantee of future performance. The value of investments and the income from them may go down as well as up. Portfolios in this composite aim to achieve long-term total return from investing in a concentrated portfolio of global securities on an unconstrained basis. The composite was created in September 2009. The firm’s list of composites and broadly and limited distribution pooled fund descriptions are available upon request.