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Home Products Pendal Sustainable Australian Fixed Interest Fund
Pendal Sustainable Australian Fixed Interest Fund
The social bond that gave
Sam’s family a future
Pendal Sustainable Fixed Interest investors are helping out Aussies like Sam and his kids while making strong returns.
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Pendal Sustainable Australian Fixed Interest Fund
Pendal investors helped find Steven and his sis a home
Our sustainable fixed interest strategy helped find a home for twins with cerebral palsy when their parents could no longer look after them.
Read full article
Pendal Sustainable Australian Fixed Interest Fund
Women like Nasima are finding a career path with help from impact investors
Social bonds can provide low-cost loans to businesses in developing countries while generating strong investor returns
Read full article
Pendal Sustainable Australian Fixed Interest Fund
The social bond that put Stacey and Luna in an affordable home
Investors are supporting community housing providers that help vulnerable Aussies — while also generating attractive returns
Read full article
Pendal Sustainable Australian Fixed Interest Fund
Bright future for investors in Aussie solar farm
Impact investors are helping power 33,000 homes in this project alone — and that’s just the start
Read full article
A defensive Aussie bond fund that delivers market-leading
performance with positive environmental and social outcomes.
Strong performance One of the best-performing composite bond funds in the market.^ An institutional-grade portfolio that plays a role in any portfolio due to active risk management – the hallmark of Pendal’s seasoned Bond, Income and Defensive Strategies team.

^ First quartile in Morningstar’s Australia Fund Bonds - Australia category for the three years to June 30, 2021 and since inception (Aug 3, 2016).

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Defensive and diversifying The strategy protects on the downside while also participating in risk-on environments to ensure clients get maximum benefit from their allocation to a low-yielding sector. Read more
Invest in sustainable and impact bonds One of the only sustainable, actively-managed fixed income solutions of its kind. Invests in sustainable bonds screened for environmental, social and governance (ESG) factors and impact bonds designed to drive positive change and strong returns. Read more

What is Pendal Sustainable Australian Fixed Interest Fund?

Portfolio manager George Bishay manages one of the only sustainable, actively-managed fixed income solutions of its kind.^^ In this short video George explains the strategy in plain language.

^^ One of only three Australian bond funds considered sustainable out of 33 funds in Zenith’s Australian bond universe.

‘Highly Recommended’

Researcher Lonsec has awarded Pendal Sustainable Australian Fixed Interest Fund (Class R) the highest rating of “highly recommended”. In its product assessment Lonsec noted that it “holds high regard for the investment team, considering them to be highly experienced” and also “finds appeal in the investment process that draws upon a blend of quantitative and qualitative insights.”*

* The rating issued 10/2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.

Our performance

The strategy has delivered strong performance — not just relative to other sustainable funds, but to the entire Australian core bond universe. This institutional-grade strategy can play a role in all portfolios due to the time-tested, active risk management processes run by our seasoned team.

The fund aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Composite 0+ Yr Index by 0.75% pa over rolling 3-year periods.

Find out more
3 Year Fund Performance p.a. (after fees)

As at 31/07/22

Source: Pendal. Past performance is not a reliable indicator of future performance. For performance of the fund over 1 and 2 years, please refer to the Fund Performance table below.

3 Year Benchmark (Bloomberg AusBond Composite 0+ Yr Index) Performance p.a.

As at 31/07/22

Source: Pendal

Impact on society and the environment

The Pendal Sustainable Australian Fixed Interest Fund (Fund) actively seeks investments in securities (climate/green bonds, social bonds or sustainability bonds) that in addition to meeting the Fund’s financial risk and return requirements also generate positive societal and/or environmental impact, and where possible contribute towards the advancement of the United Nations Sustainable Development Goals.Recent investments include National Housing Finance and Investment Corporation social bonds which provide low-cost finance to community housing providers, putting a roof over the head of low-income and disadvantaged Australians.

Read Kerry and Steven’s story

Enter the value of your investment
to see your potential impact

or use the total impact of the fund

Calculate your potential impact

Here are some of the ways Pendal Sustainable Australian Fixed Interest Fund is making the world a better place (data current at April 26, 2022). Calculator results are indicative only. Actual results may differ from forecasts provided.

The Fund size averaged about $445 million in the year to December 2021 (and reached $625m million in April 2022).

Enter an amount and click “Calculate” to see what your potential impact could be:

$ Reset

The amount entered above is greater than the average FUM for this fund which was $445,000,000 during the selected time period.
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Date range:

From:

To:

Investor name for PDF (optional):



After calculating, click “Download as PDF” to print.

See the positive outcomes associated with an investment from Jan 1, 2021 to Dec 31, 2021 below:

41,654

MWh/year renewable energy generated (equivalent to annual electricity use of 9,063 Australian households)

25,664

tCO2e GHG emissions avoided (equivalent to taking 11,284 cars off road per annum)

1,125,001

litres of water cleaned, recycled or treated per annum

197,259

passenger trips per annum on low carbon transport

110

hectares of forest restored (equivalent to 62 Melbourne Cricket Ground-sized stadiums)

212

small-scale farmers supported with improved agricultural technology*

social/affordable housing*

8,338

underprivileged students educated*

373

teachers trained in developing nations*

1,448

microfinance loans made to financially underserved entrepreneurs from developing nations*

510

loans made to female-owned micro, small and medium enterprises with little access to sources of financing*

3,465

people with access to Information & Communication technology in developing nations & remote regions*

Calculating impact. This may take a minute...

DOWNLOAD AS PDF

The aggregated expected environmental and social outcomes shown by this calculator are based on data provided by the issuers of bond securities (Issuers) held by Pendal Australian Fixed Interest Fund (Fund). That data relates to the outcome attributable to those securities held by the Fund. Information provided is indicative only and should not be relied upon when making an investment decision or recommendation in relation to the Fund. The information provided to us by the Issuers has not been verified by us and may be inaccurate or incomplete. Actual results may differ and subsequent changes in circumstances may occur at any time that impact the accuracy of the results. Past performance is not a reliable indicator of future performance. The outcome numbers are based on data from January 1, 2021 to December 31, 2021.

Any projections contained in this summary are predictive and should not be relied upon when making an investment decision or recommendation. Whilst we have used every effort to ensure that the assumptions on which the projections are based are reasonable, the projections may be based on incorrect assumptions or may not take into account known or unknown risks and uncertainties. The actual results may differ materially from these projections.

How are investments mapped to
UN Sustainable Development Goals?
Here are some examples:

By Investment By SDG

IFC Social Bond IBRD Green Bond

IFC Social Bond

Australian Catholic University Sustainable Bond IFC Social Bond

Australian Catholic University Sustainable Bond IFC Social Bond IADB EYE Social Bond

IFC Social Bond

IBRD Green Bond Aquasure Vic Desalination (matured)

NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond Mitsubishi UFJ Green CBA Climate Bond

Australian Catholic University Sustainable Bond IADB EYE Social Bond

IFC Social Bond

Australian Catholic University Sustainable Bond NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond Mitsubishi UFJ Green CBA Climate Bond

NAB Climate Bond Westpac Climate Bond CBA Climate Bond

Australian Catholic University Sustainable Bond NAB Climate Bond Westpac Climate Bond IBRD Green Bond Woolworths Green Bond CBA Climate Bond

Australian Catholic University Sustainable Bond
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NAB Climate Bond
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Westpac Climate Bond
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IFC Social Bond
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IBRD Green Bond
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IADB EYE Social Bond
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Woolworths Green Bond
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Aquasure Vic Desalination (matured)
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Mitsubishi UFJ Green
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CBA Climate Bond
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Source: https://sustainabledevelopment.un.org/sdgs. These are 13 of the 17 SDGs. The others are: Life Below Water, Life on Land, Peace and Justice Strong Institutions, Partnerships to achieve the Goal

Reports and case studies

How investors will be affected by changes to a major Australian climate policy
How to use ESG to assess state government bonds
What Sun Cable’s collapse means for renewable investing
Pendal Group Limited – Change of ownership
Could polluting companies be forced to pay a climate tax?
Take care when investing in sustainability-linked bonds
Sustainable investing: Five steps to avoid greenwashing
How green hydrogen will impact natural gas investors
Regnan: ESG engagement must evolve to better protect investors
ESG: What Albo’s 43pc emissions target means for investors
Pendal funds’ September 2022 Quarterly Distribution – Important Investor Notice
Why it’s important to consider ESG in asset allocation

Our team

George Bishay - Portfolio Manager

George Bishay

Portfolio Manager

Managing a mix of credit, fixed interest and enhanced cash portfolios, George holds a wealth of experience in portfolio management and credit analysis with a specific focus on Asset Back Securities, Industrials, Real Estate and Resources sectors. George has managed dedicated Sustainable fixed interest portfolios for a decade. He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for over 20 years. Prior to this George worked in an accounting role for three years. In 2019 George was awarded the Alpha Manager status by Money Management’s parent, FE fundinfo, in recognition of his career-long performance in the asset management industry. George was one out of 11 Australia-based investment professionals included in this list of esteemed professionals across multiple asset classes, after being assessed on his ability to create risk-adjusted alpha (outperformance) over his entire track record. George obtained a Master’s degree in Business (Finance), a Bachelor’s degree in Business (Accounting & Finance) and a Graduate Diploma in Applied Finance and Investment. He has a Registered Representatives and Dealer Accreditation with the Australian Financial Markets Associations.

Sales

Tim North Ash - Head of Distribution, Pendal Group

Tim North Ash

Head of Distribution

Peter Lambos - Head of Institutional, Pendal Group

Peter Lambos

Head of Institutional 

Lee Hopperton - Head of High Net Worth Distribution, Pendal Group

Lee Hopperton

Head of High Net Worth Distribution

Laurice Considine - Head of Independent Licensee Distribution, Pendal Group

Laurice Considine

Head of Independent Licensee Distribution

Jeremy Dean - Head of Regnan and Responsible Investment Distribution

Jeremy Dean

Head of Regnan and Responsible Investment Distribution

Fund performance

As at 28/02/23 1m 3m 1yr 3yr (p.a) 5yr (p.a) % since inception
Total return (Before fees and tax) -1.23 -0.45 -6.36 -2.64 1.49 1.33
Benchmark: Bloomberg AusBond Composite 0+ Yr Index -1.32 -0.69 -6.37 -3.44 0.82 0.71
Total return After fees -1.26 -0.55 -6.74 -3.03 1.09 0.92
Distribution 0.00 0.04 0.43 2.17 2.52 2.12
Growth -1.26 -0.59 -7.16 -5.19 -1.44 -1.19

Source of fund performance data: Pendal. Past performance is not a reliable indicator of future performance. This information is for general information and 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. You can view our Unit Pricing Discretions Policy here.

Monthly Fact Sheet
February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 June 2022 May 2022 April 2022 March 2022 February 2022 January 2022
PDS
PDS Additional Information
Target Market Determination
Latest Annual Report
Fund Holdings
Important Updates
12/01/2023
Pendal Group Limited – Change of ownership
01/09/2022
Pendal funds’ September 2022 Quarterly Distribution – Important Investor Notice
31/05/2022
Updated Product Disclosure Statements, including fees and costs disclosure requirements
25/11/2021
Re-classification of Units
Apply for the Pendal Sustainable Australian Fixed Interest Fund
Apply online via Mainstream or download the form.
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Fund information

Entry price

$0.9574 (21/03/2023)

Exit price

$0.9560 (21/03/2023)

History View history
Significant features

The Pendal Sustainable Australian Fixed Interest Fund is an actively managed portfolio of Australian cash and fixed interest securities. The Fund aims to generate excess returns by investing in assets with superior sustainability credentials.

Fund objective

The Fund aims to provide a return (before fees, costs and taxes) that exceeds the Bloomberg AusBond Composite 0+ Yr Index by 0.75% p.a. over rolling 3 year periods.

More informationLess information

Pendal Fund Services Limited is the responsible entity and issuer of units in the Pendal Sustainable Australian Fixed Interest Fund (Fund) ARSN: 612 664 730. 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. 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. You can view our Unit Pricing Discretions Policy here.

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