Perpetual WealthFocus Investment Funds
Perpetual Property Securities Fund
Fund Manager: Perpetual Investment Management Limited
Commencement Date: October 2003
PDS - Part 1
PDS - Part 2
Suggested Length of Investment
5 years or longer
Investment Objective
Aims to provide long-term capital growth and income by investing in listed property related
securities.
Investment Details
| Min. Initial Investment | $2,000 |
| With Savings Plan | |
| Min. Initial Investment | $1,000 |
| Monthly Minimum | Nil |
| Min. Additional Investment | $1,000 |
Distribution
| Frequency | Quarterly |
|---|---|
| Dates | 31 March, 30 June, 30 September & 31 December |
Returns as at 31/07/2010
| Total (%) | Distribution (%) | Growth (%) | |
|---|---|---|---|
| 1 month |
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| 3 month |
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| 6 month |
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| 1 year p.a. |
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| 3 year p.a. |
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| 5 year p.a. |
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| 10 year p.a. |
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Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for entry fees, exit fees or where applicable taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns on a Fund can be particularly volatile in the short term and in some periods may be negative.
Investment Guidelines
| Cash | 0 - 10% |
|---|---|
| Listed property | 90 - 100% |
Fees
| Entry Fee | up to 4.0% |
| Exit Fee | Nil |
| Management Cost (p.a.) | 1.80% |
| Buy/Sell spread | 0.3% / Nil |
Investment Approach
Perpetual focuses on selecting listed property related securities that represent the best investment quality and value relative to other property securities in the market. Perpetual will seek to identify property securities that
demonstrate:
- sound management
- recurring earnings and distribution growth
- quality portfolios
- sound capital management.
The fund may invest in listed property trusts and listed real estate management and development companies. The fund invests primarily in Australia but may have up to 20%
exposure to Asian listed property related investments.
Derivatives may be used to:
adjust currency exposure (where appropriate)
hedge selected shares or securities against adverse movements in market prices
gain exposure to relevant indices
gain short-term exposure to the market
build positions in selected companies or issuers of securities as a short-term strategy to be reversed as the physical positions are
built up
create a short exposure to a stock for underlying funds authorised to take net negative positions.
