Perpetual WealthFocus Investment Funds
Perpetual Ethical SRI 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 through investment in quality shares and other securities of socially responsible companies.
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 | Half Yearly |
|---|---|
| Dates | 30 June & 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
| Australian shares | 90 - 100% |
|---|---|
| Cash | 0 - 10% |
The Fund's investment universe allows it to invest, directly or indirectly, in stocks listed or to be listed on sharemarket exchanges outside Australia. Exposure to stocks listed outside Australia is limited to 20% and is generally hedged to the Australian dollar to the extent reasonably practicable.
Fees
| Entry Fee | up to 4.0% |
| Exit Fee | Nil |
| Management Cost (p.a.) | 2.25% |
| Buy/Sell spread | 0.3% / Nil |
Investment Approach
Perpetual researches companies of all sizes using consistent share selection criteria. Perpetual's priority is to select companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
-conservative debt levels
- sound management
- quality business and
- in the case of industrial shares, recurring earnings.
In addition to the above investment approach, Perpetual utilises a strategy for screening ethical and socially responsible investments (see Environmental, social and ethical factors and labour standards - Perpetual Ethical SRI Fund' on page 30 of the PDS).
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.
