Pendal Monthly Income Plus Fund
30 June 2026
Performance Review
The Pendal Monthly Income Plus Fund has a track record of 17 years and has underperformed the RBA Cash Rate + 3% benchmark since inception in July 2009, providing investors with an annualised return of 4.49% compared with the benchmark's return of 5.55% over the same period.
The Manager has delivered these returns with 2.2% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.75 since inception.
The Pendal Monthly Income Plus Fund rose by +0.38% in June, a difference of -0.21% compared with the RBA Cash Rate + 3% benchmark which rose by +0.59%. Over the past 12 months, the fund's best monthly return was +0.79% compared with the benchmark's best return of +0.59%, and its worst monthly return was -1.49% vs the benchmark's worst return over the same period of +0.53%.
Fund rank in Peergroups
| Fund | 1 month | 3 months | 6 months | 1 year | 3 years | 5 years | 7 years | |
|---|---|---|---|---|---|---|---|---|
| Pendal Monthly Income Plus Fund | Performance: | 0.38% | 1.59% | 1.07% | 1.71% | 6.05% | 3.20% | 2.96% |
| Rank in Peer Group (out of 90): | 58 | 74 | 73 | 85 | 66 | 64 | 68 | |
| Peergroup - Multi-Sector | Performance: | 0.68% | 5.18% | 2.79% | 9.07% | 8.79% | 5.71% | 6.82% |
| Performance vs peergroup: | -0.30% | -3.59% | -1.72% | -7.37% | -2.74% | -2.51% | -3.86% | |
| Benchmark - RBA Cash Rate + 3% | Performance: | 0.59% | 1.79% | 3.49% | 6.87% | 7.11% | 6.08% | 5.31% |
| Performance vs benchmark (Alpha): | -0.21% | -0.20% | -2.42% | -5.16% | -1.07% | -2.88% | -2.35% | |
| Fund | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pendal Monthly Income Plus Fund | Performance: | 6.50% | 1.34% | 7.99% | 1.58% | 1.56% | -3.94% | 6.89% | 7.30% | 4.95% | 1.07% |
| Rank in Peer Group (out of 90): | 43 | 9 | 56 | 68 | 78 | 28 | 56 | 68 | 83 | 70 | |
| Drawdown: | -0.11% | -1.29% | -0.90% | -4.40% | -1.39% | -5.33% | -1.79% | -0.12% | -0.74% | -1.49% | |
| Peergroup - Multi-Sector | Performance: | 10.06% | -1.56% | 12.76% | 7.75% | 11.79% | -5.32% | 8.12% | 10.25% | 9.46% | 2.79% |
| Performance vs peergroup: | -3.56% | +2.90% | -4.77% | -6.17% | -10.24% | +1.39% | -1.23% | -2.95% | -4.51% | -1.72% | |
| Benchmark - RBA Cash Rate + 3% | Performance: | 4.50% | 4.50% | 4.17% | 3.32% | 3.10% | 4.27% | 6.89% | 7.35% | 6.85% | 3.49% |
| Performance vs benchmark (Alpha): | +2.00% | -3.16% | +3.82% | -1.74% | -1.54% | -8.21% | 0.00% | -0.05% | -1.90% | -2.42% | |
Fund returns
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.49 | 0.50 | -1.49 | 0.79 | 0.41 | 0.38 | NA | NA | NA | NA | NA | NA | 1.07 |
| 2025 | 1.09 | 0.32 | -0.12 | 1.14 | 1.16 | 0.64 | 0.77 | 0.60 | 0.00 | -0.10 | -0.62 | -0.02 | 4.95 |
| 2024 | 0.41 | 0.18 | 0.96 | -0.12 | 0.83 | 0.56 | 1.37 | 0.56 | 0.83 | 0.18 | 0.87 | 0.47 | 7.30 |
| 2023 | 2.52 | -1.07 | 1.54 | 0.38 | -0.47 | -0.85 | 0.53 | 0.24 | -0.61 | -0.62 | 1.84 | 3.37 | 6.89 |
| 2022 | -1.00 | -0.11 | -0.36 | -1.15 | -0.67 | -1.41 | 0.11 | 0.23 | -1.10 | 1.12 | 0.98 | -0.62 | -3.94 |
| 2021 | -0.22 | -1.17 | 0.82 | 1.05 | 0.58 | 0.32 | 0.52 | 0.31 | -0.44 | -0.73 | 0.01 | 0.52 | 1.56 |
| 2020 | 1.67 | -1.18 | -3.27 | 0.83 | 1.08 | -0.37 | 0.53 | 0.18 | 0.16 | 0.27 | 1.54 | 0.21 | 1.58 |
| 2019 | 0.56 | 1.32 | 1.03 | 0.73 | 1.23 | 1.16 | 1.17 | 0.07 | 0.28 | -0.18 | 1.28 | -0.90 | 7.99 |
| 2018 | 0.13 | -0.07 | -0.02 | 0.24 | 0.37 | 0.52 | 0.42 | 0.62 | -0.24 | -0.78 | -0.27 | 0.42 | 1.34 |
| 2017 | 0.61 | 0.47 | 0.70 | 0.54 | 0.38 | -0.11 | 0.57 | 0.31 | 0.02 | 1.75 | 0.73 | 0.37 | 6.50 |
| 2016 | 0.56 | 0.23 | 0.15 | 0.27 | 1.55 | -0.20 | 1.37 | 0.42 | -0.10 | -0.86 | -0.45 | 0.17 | 3.14 |
| 2015 | 1.24 | 0.84 | 0.59 | -0.82 | 0.28 | -1.14 | 1.42 | 0.00 | 0.06 | 0.69 | -0.63 | 0.39 | 2.92 |
| 2014 | -0.61 | 1.15 | 0.26 | 0.73 | 0.73 | -0.02 | 1.30 | 0.47 | -0.67 | 0.86 | 0.74 | 1.51 | 6.60 |
| 2013 | 0.67 | 0.92 | 0.16 | 0.91 | -0.05 | -0.46 | 1.23 | 0.72 | 0.73 | 0.76 | 0.10 | 0.58 | 6.46 |
| 2012 | 0.74 | 0.03 | 0.60 | 0.77 | 0.63 | 0.02 | 0.71 | 0.69 | 0.74 | 0.65 | 0.22 | 0.80 | 6.79 |
| 2011 | 0.52 | 0.82 | 0.55 | 0.53 | -0.28 | 0.13 | 0.49 | 0.13 | -0.06 | 1.10 | 0.36 | 0.31 | 4.69 |
| 2010 | -0.30 | 0.39 | 1.11 | 0.27 | -0.84 | 0.12 | 0.97 | 0.48 | 0.74 | 0.74 | 0.04 | 0.90 | 4.70 |
| 2009 | NA | NA | NA | NA | NA | NA | 1.51 | 1.38 | 1.49 | 0.09 | 0.94 | 0.89 | 6.46 |
Only seven years of data shown. Click here to view all data.
Annual Returns
Over the past 12 months, the fund has risen by +1.71% compared with the benchmark which has returned +6.87%, for a difference of -5.16%. Since inception in July 2009, the fund has returned +4.49% per annum, a difference of -1.06% relative to the benchmark which has returned +5.55% on an annualised basis over the same period.
Cumulative Returns
On a cumulative basis (assuming reinvestment of distributions), $100 invested since inception would have become $210. The same amount invested in the benchmark over the same period would have become $250.
Annual Returns %
Volatility and Risk
Annual Standard Deviation
The fund's returns over the past 12 months have been achieved with a volatility of 2.18% vs the index's 0.09%. The annualised volatility of the fund's returns since inception in July 2009 is 2.61% vs the index's 0.41%. Over all other periods, the fund's returns have been more volatile than the benchmark.
Sharpe Ratio
The fund's Sharpe ratio has ranged from a high of 0.7 for performance over the most recent 36 months to a low of -0.96 over the latest 12 months, and is 0.75 for performance since inception.
Annual Standard Deviation
Sharpe Ratio
Performance in Positive Markets
Since inception in July 2009 in the months where the market was positive, the fund has provided positive returns 75% of the time
Performance in Negative Markets
Given that the RBA Cash Rate + 3% benchmark hasn't had any negative months, it isn't possible to calculate a down-capture ratio for the fund.
Average Return in +ve Market %
Average Return in -ve Market %
Sortino Ratio
The fund's Sortino ratio (which excludes volatility in positive months) has ranged from a high of 1.23 for performance over the most recent 36 months to a low of -0.99 over the latest 12 months, and is 1.16 for performance since inception.
Drawdown
Over the past 12 months, the fund's largest drawdown was -1.49%, and since inception in July 2009 the fund's largest drawdown was -5.94%.
Sortino Ratio
Drawdown%
Quintile Ranking vs. Average Multi-Sector as of May 2026
The performance of the Pendal Monthly Income Plus Fund ranked it in the first quintile for Volatility, Downside Deviation and Largest Drawdown over 1, 3 & 7 years, while over 5 years the fund ranked in the first quintile for Volatility and Downside Deviation and second quintile for Largest Drawdown.
Over the past 12 months, the fund has risen by +1.71% compared with the peer group which has returned an average of +9.07%, for a difference of -7.36%.
The fund's returns over the past 12 months have been achieved with a volatility of 2.18% vs the peer group's average volatility of 5.52%. The annualised volatility of the fund's returns since inception in July 2009 is 2.61% vs the peer group's 5.33%. Over all other periods, the fund's returns have been consistently less volatile than the peer group.