Pendal Multi-Asset Target Return Fund is designed for investors who are seeking a return that exceeds inflation, diversification across a broad range of asset classes and are prepared to accept some variability of returns. The Fund aims to generate its returns by investing in shares, listed property securities, fixed interest and alternative investments, both in Australia and globally.
The Fund aims to provide a return (before fees, costs and taxes) of Australian CPI^ plus 5% per annum over rolling five year periods. The suggested investment timeframe is 5 years or more
The Fund is designed for investors who are seeking a return that exceeds inflation, diversification across a broad range of asset classes and are prepared to accept some variability of returns.
The Fund aims to generate its returns by investing in shares, listed property securities, fixed interest and alternative investments, both in Australia and globally. To gain its exposure to these asset classes the Fund may invest in shares, bonds, derivatives, unit trusts, exchange traded funds, and listed investment companies/trusts. The Fund will not invest in illiquid assets such as direct property or direct infrastructure.
What is Pendal Multi-Asset Target Return Fund Pendal Multi-Asset Target Return Fund is an Managed Funds investment product that is benchmarked against Multi-Asset Growth Investor Index and sits inside the Multi-Asset - Real Return Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Pendal Multi-Asset Target Return Fund has Assets Under Management of 22.26 M with a management fee of 0.78%, a performance fee of 0.00% and a buy/sell spread fee of 0.24%.
How has the investment product performed recently?
The recent investment performance of the investment product shows that the Pendal Multi-Asset Target Return Fund has returned 0.58% in the last month. The previous three years have returned 1.21% annualised and 4.95% each year since inception, which is when the Pendal Multi-Asset Target Return Fund first started.
How is risk measured in this investment product?
There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Pendal Multi-Asset Target Return Fund first started, the Sharpe ratio is NA with an annualised volatility of 4.95%. The maximum drawdown of the investment product in the last 12 months is -2.47% and -9.13% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
What is the relative performance of the investment product?
Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Pendal Multi-Asset Target Return Fund has a 12-month excess return when compared to the Multi-Asset - Real Return Index of -3.93% and -2.92% since inception.
Does the investment product produce Alpha over its Peers?
Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Pendal Multi-Asset Target Return Fund has produced Alpha over the Multi-Asset - Real Return Index of NA% in the last 12 months and NA% since inception.
What are similar investment products?
For a full list of investment products in the Multi-Asset - Real Return Index category, you can click here for the Peer Investment Report.
What level of diversification will Pendal Multi-Asset Target Return Fund provide?
Pendal Multi-Asset Target Return Fund has a correlation coefficient of 0.81 and a beta of 1.09 when compared to the Multi-Asset - Real Return Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
How do I compare the investment product with its peers?
For a full quantitative report on Pendal Multi-Asset Target Return Fund and its peer investments, you can click here for the Peer Investment Report.
How do I compare the Pendal Multi-Asset Target Return Fund with the Multi-Asset Growth Investor Index?
For a full quantitative report on Pendal Multi-Asset Target Return Fund compared to the Multi-Asset Growth Investor Index, you can click here.
Can I sort and compare the Pendal Multi-Asset Target Return Fund to do my own analysis?
To sort and compare the Pendal Multi-Asset Target Return Fund financial metrics, please refer to the table above.
Has the Pendal Multi-Asset Target Return Fund been independently verified by SMSF Mate?
This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.
How can I invest in Pendal Multi-Asset Target Return Fund?
How do I get in contact with the Pendal Multi-Asset Target Return Fund?
Comments from SMSF Mates
SMSF Mate does not receive commissions or kickbacks from the Pendal Multi-Asset Target Return Fund. All data and commentary for this fund is provided free of charge for our readers general information.
Performance Commentary - December 31, 2020 The portfolio’s return for December was 0.94% (post fee). The portfolio‘s approach to investing combines active asset allocation, tactical risk hedging, and uncorrelated alpha in pursuit of its dual return and risk objectives. The active asset allocation process combines a value-oriented approach, seeking exposure to well-valued assets (dynamic asset allocation) with quantitative trend following strategies across equities, fixed income, commodities and currencies (tactical asset allocation). “Uncorrelated alpha” refers to strategies that seek to enhance returns without significantly increasing the portfolio’s overall exposure to equity or fixed income market risk.
Alpha generation focuses on macro alpha (relative value) strategies that exploit relative mis pricing between similar classes of assets; and also incorporates stock selection alpha (“stock picking” strategies with the corresponding market exposure hedged out via futures or other similar instruments).
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