DRAFT
Fund Review
Pendal Short Term Income Securities Fund
Performance as at Jun 2026
Pendal Fund Services, founded in 1969 as Ord-BT, is an Australian investment manager that focuses on active management to deliver investment returns across various asset classes, including equities, fixed interest, and alternative investments. In 2023, it became part of Perpetual Limited, expanding its presence in the US, UK, and Europe, leveraging brands such as Barrow Hanley, J O Hambro, Regnan, Trillium, and TSW.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | 4.61% | 4.96% | 3.63% | 3.03% | 4.43% |
| Peer Group1 | 4.49% | 5.51% | 3.12% | 3.01% | 5.65% | |
| Index2 | 3.87% | 4.11% | 3.08% | 2.31% | 3.99% | |
| Volatility | Fund | 0.22% | 0.26% | 0.63% | 0.66% | 0.82% |
| Peer Group1 | 1.33% | 1.67% | 2.37% | 2.42% | 2.14% | |
| Index2 | 0.09% | 0.08% | 0.45% | 0.51% | 0.56% | |
| 1Australian Bonds / Diversified Fixed Interest, 2RBA Cash Rate, 3Annualised, 4Jan 1994 | ||||||
Strategy Description
The Pendal Short Term Income Securities Fund is an actively managed fixed income strategy that aims to exceed the Bloomberg AusBond Bank Bill Index while maintaining capital stability and low return variability. It primarily invests in Australian cash and fixed interest securities, such as short-term money market instruments and medium-term floating and fixed rate securities, including government, bank, corporate, and asset-backed securities. The fund adds value through various strategies and investment research, considering the money market curve and credit management. It employs top-down and bottom-up analysis, and may use derivatives for risk reduction and hedging.Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | WFS0377AU | Status: | Open |
| Peer Group: | Australian Bonds / Diversified Fixed Interest | Inception Date: | Jan 1994 |
| Strategy: | Fixed Income | Style: | N/A |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Retail | Distributions: | Quarterly |
| Fund Size: | AU$ 1,169m | Manager FUM: | AU$ 99,000m |
| Applications: | Daily, Initial: AU$ 100,000 | Redemptions: | Daily |
| Management Fee: | 0.25% (PG avg: 0.50%) | Performance Fee: | N/A (PG avg: 4.16%) |
| Buy/Sell Spread: | 0.03%/0.03% (PG avg: 0.05%/0.07%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | N/A |
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Pendal Short Term Income Securities Fund
Performance vs Australian Bonds / Diversified Fixed Interest and RBA Cash Rate
Since Jan 1994, the Fund has returned 4.43% p.a. vs the Peer Group's return of 5.65%. Over the past 12 months, the Fund has returned 4.61% vs the Peer Group's 4.49%. For the 3, 5 and 7-year periods, the Fund has returned 4.96%, 3.63% and 3.03% respectively vs the Peer Group's 5.51%, 3.12% and 3.01% respectively. Since Jan 1994, the Fund's returns have been delivered with a volatility of 0.82% p.a. vs the Peer Group's 2.14%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.44 | 0.31 | 0.24 | 0.43 | 0.42 | 0.42 | NA | NA | NA | NA | NA | NA | 2.28 |
| 2025 | 0.50 | 0.40 | 0.31 | 0.20 | 0.58 | 0.36 | 0.45 | 0.39 | 0.42 | 0.35 | 0.30 | 0.35 | 4.70 |
| 2024 | 0.45 | 0.48 | 0.42 | 0.47 | 0.45 | 0.37 | 0.45 | 0.37 | 0.39 | 0.56 | 0.35 | 0.44 | 5.33 |
| 2023 | 0.37 | 0.42 | 0.24 | 0.38 | 0.39 | 0.38 | 0.45 | 0.44 | 0.34 | 0.39 | 0.42 | 0.45 | 4.78 |
| 2022 | 0.00 | -0.06 | -0.12 | -0.07 | -0.02 | 0.04 | 0.05 | 0.29 | 0.17 | 0.20 | 0.26 | 0.35 | 1.11 |
| 2021 | 0.09 | 0.03 | 0.02 | 0.06 | 0.06 | 0.13 | 0.02 | 0.05 | 0.00 | -0.06 | -0.03 | 0.05 | 0.41 |
| 2020 | 0.21 | 0.06 | -0.42 | 0.29 | 0.27 | 0.28 | 0.34 | 0.17 | -0.01 | 0.28 | 0.25 | 0.06 | 1.78 |
| 2019 | 0.21 | 0.26 | 0.27 | 0.24 | 0.20 | 0.21 | 0.28 | 0.04 | 0.14 | 0.13 | 0.14 | 0.17 | 2.32 |
| 2018 | 0.30 | 0.16 | 0.10 | 0.19 | 0.17 | 0.17 | 0.22 | 0.20 | 0.22 | 0.15 | 0.11 | 0.14 | 2.16 |
| 2017 | 0.29 | 0.28 | 0.31 | 0.18 | 0.25 | 0.29 | 0.32 | 0.26 | 0.26 | 0.28 | 0.19 | 0.26 | 3.21 |
| 2016 | 0.23 | 0.19 | 0.08 | 0.27 | 0.25 | 0.22 | 0.20 | 0.30 | 0.26 | 0.28 | 0.16 | 0.23 | 2.68 |
| 2015 | 0.25 | 0.22 | 0.24 | 0.20 | 0.23 | 0.13 | 0.22 | 0.21 | 0.06 | 0.15 | 0.16 | 0.20 | 2.28 |
| 2014 | 0.29 | 0.27 | 0.32 | 0.28 | 0.33 | 0.31 | 0.29 | 0.24 | 0.26 | 0.24 | 0.25 | 0.29 | 3.44 |
| 2013 | 0.38 | 0.47 | 0.40 | 0.39 | 0.31 | -0.04 | 0.27 | 0.28 | 0.29 | 0.30 | 0.26 | 0.26 | 3.64 |
| 2012 | 0.40 | 0.41 | 0.53 | 0.42 | 0.58 | 0.36 | 0.43 | 0.56 | 0.55 | 0.68 | 0.38 | 0.46 | 5.92 |
| 2011 | 0.59 | 0.50 | 0.60 | 0.53 | 0.54 | 0.41 | 0.44 | 0.25 | 0.51 | 0.37 | 0.48 | 0.45 | 5.82 |
| 2010 | 0.64 | 0.36 | 0.48 | 0.75 | 0.35 | 0.39 | 0.58 | 0.67 | 0.66 | 0.63 | 0.51 | 0.51 | 6.74 |
| 2009 | 0.32 | -0.07 | 0.08 | 0.23 | 0.94 | 0.68 | 0.74 | 0.65 | 0.69 | 0.70 | 0.44 | 0.63 | 6.18 |
| 2008 | 0.18 | 0.13 | 0.05 | 0.83 | 0.68 | 0.29 | 0.49 | 0.36 | -0.01 | 0.86 | -0.31 | 0.03 | 3.62 |
| 2007 | 0.56 | 0.48 | 0.51 | 0.48 | 0.53 | 0.49 | 0.42 | 0.32 | 0.44 | 0.47 | 0.19 | 0.36 | 5.38 |
| 2006 | 0.47 | 0.45 | 0.47 | 0.45 | 0.47 | 0.46 | 0.47 | 0.51 | 0.50 | 0.49 | 0.52 | 0.53 | 5.96 |
| 2005 | 0.48 | 0.54 | 0.47 | 0.45 | 0.44 | 0.47 | 0.51 | 0.49 | 0.48 | 0.50 | 0.47 | 0.49 | 5.93 |
| 2004 | 0.49 | 0.44 | 0.49 | 0.48 | 0.50 | 0.45 | 0.47 | 0.45 | 0.50 | 0.46 | 0.45 | 0.51 | 5.84 |
| 2003 | 0.43 | 0.33 | 0.48 | 0.44 | 0.46 | 0.42 | 0.48 | 0.42 | 0.42 | 0.45 | 0.42 | 0.43 | 5.30 |
| 2002 | 0.41 | 0.28 | 0.62 | 0.27 | 0.47 | 0.24 | 0.40 | 0.42 | 0.49 | 0.39 | 0.45 | 0.34 | 4.89 |
| 2001 | 0.59 | 0.46 | 0.50 | 0.44 | 0.47 | 0.41 | 0.36 | 0.40 | 0.50 | 0.43 | 0.11 | 0.35 | 5.14 |
| 2000 | 0.35 | 0.37 | 0.45 | 0.41 | 0.45 | 0.47 | 0.43 | 0.43 | 0.48 | 0.49 | 0.62 | 0.64 | 5.72 |
| 1999 | 0.35 | 0.36 | 0.34 | 0.33 | 0.34 | 0.41 | 0.42 | 0.33 | 0.18 | 0.52 | 0.42 | 0.41 | 4.50 |
| 1998 | 0.35 | 0.37 | 0.37 | 0.50 | 0.44 | 0.37 | 0.46 | 0.07 | 0.54 | 0.49 | 0.22 | 0.42 | 4.69 |
| 1997 | 0.58 | 0.14 | 0.22 | 0.88 | 0.58 | 0.37 | 0.42 | 0.41 | 0.41 | 0.23 | 0.33 | 0.34 | 5.00 |
| 1996 | 0.69 | 0.19 | 0.44 | 0.69 | 0.59 | 0.51 | 0.67 | 0.58 | 0.60 | 0.54 | 0.50 | 0.39 | 6.59 |
| 1995 | 0.61 | 2.34 | 0.60 | 0.70 | 1.20 | 0.53 | 0.39 | 0.98 | 0.73 | 0.59 | 1.09 | 0.58 | 10.82 |
| 1994 | -0.01 | -0.61 | -0.51 | 0.09 | 0.49 | -0.81 | 0.50 | 0.60 | -0.05 | 0.30 | 0.09 | 0.48 | 0.54 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | 4.61% | 4.96% | 3.63% | 3.03% | 4.43% |
| Peer Group | 4.49% | 5.51% | 3.12% | 3.01% | 5.65% | |
| Index2 | 3.87% | 4.11% | 3.08% | 2.31% | 3.99% | |
| Volatility | Fund | 0.22% | 0.26% | 0.63% | 0.66% | 0.82% |
| Peer Group | 1.33% | 1.67% | 2.37% | 2.42% | 2.14% | |
| Index | 0.09% | 0.08% | 0.45% | 0.51% | 0.56% | |
| Sharpe | Fund | 3.18 | 3.20 | 1.98 | 1.89 | 0.61 |
| Peer Group | 0.46 | 0.82 | 0.03 | 0.31 | 0.78 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Sortino | Fund | 7.56 | 8.31 | 4.50 | 3.52 | 0.90 |
| Peer Group | 0.57 | 1.27 | 0.02 | 0.40 | 1.18 | |
| Index | N/A | N/A | N/A | N/A | N/A | |
| Largest Drawdown | Fund | 0.00% | 0.00% | -0.30% | -0.42% | -1.35% |
| Peer Group | -0.65% | -0.78% | -5.65% | -5.65% | -5.65% | |
| Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Pendal Short Term Income Securities Fund - Annualised Return vs. Standard Deviation
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Pendal Short Term Income Securities Fund
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Pendal Fund Services |
| Custodian: | N/A |
| Administrator: | N/A |
| Auditor: | N/A |
| Legal: | N/A |
| Prime Broker: | N/A |
Available on Investment Platforms
No Data.
Key Staff
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
This report is produced and owned by Australian Fund Monitors Pty Ltd and the contents are Copyright 2025. Distribution is limited to those parties with a current Distribution Licence.
Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.