Perpetual Wholesale Funds
Perpetual Credit Income Fund
Fund Manager: Perpetual Investment Management Limited
Commencement Date: November 2004
Suggested Length of Investment
3 years or more
Investment Objective
To provide investors with regular income by investing in deposits, money market and fixed income securities.
To outperform the UBS Bank Bill Index on a rolling one year basis.
Investment Details
| Min. Initial Investment | $500,000 |
| Min. Additional Investment | $500,000 |
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
Refer to Perpetual for investment guidelines and Standard & Poor's ratings criteria relating to this Fund.
Fees
| Entry Fee | Nil |
| Exit Fee | Nil |
| Management Cost (p.a.) | 0.308% |
| Buy/Sell spread | 0.05% / 0.05% |
Investment Approach
The Fund invests in a diversified portfolio of securities which has additional credit exposure and foregoes some liquidity in order to target a higher return profile than that of Perpetual Credit Enhanced Cash Fund (AA) and Perpetual Credit Enhanced Cash Fund.
The Fund aims to achieve its objective through the active management of predominantly investment grade deposits, money market and fixed income securities, including debt-like hybrid securities, by:
- considering a range of securities, providing they meet the required credit rating
- selecting securities that offer attractive yields and liquidity premiums relative to their risk
- actively managing for changes in market-wide and security-specific margins and rates
- diversifying among different securities issued by various borrowers.
