Perpetual Wholesale Funds

Choose from a range of funds managed by our experienced investment teams including Australian and International shares, specialised and geared share funds, diversified, income and property investments.

Designed for individual investors with over $50,000 to invest, and investor-directed portfolio services and super fund trustees.

Product Disclosure Statement (PDS)

Product information incorporated by reference

The Perpetual Wholesale Funds PDS No. 6 issued on 1 June 2011 refers to other information relevant to the product (information which is ‘incorporated by reference’). This incorporated information below forms part of the PDS and should be read together with the main PDS document above.

• The current buy/sell spread for each Fund
• Direct Debit Request Service Agreement which must be read prior to completing direct debit authorisation
• Online Account Access conditions of use
• Our privacy policy
• Registered managed investment scheme details for the Funds
• Details of current external specialist managers
• Additional information about the underlying investment portfolio of the Perpetual Wholesale Monthly Income Fund
• Additional information about the underlying investment portfolio of the Perpetual Wholesale Property Income Fund   

Product updates

We may update the information in the PDS by issuing a supplementary PDS. However, if product updates are not materially adverse we will notify you via our website. Any updates should be read together with the main PDS document above.

Wellington Management appointed to manage international shares from 15 August 2011

Wellington Management Company, LLP (Wellington Management) has been appointed as an external specialist investment manager from 15 August 2011 to manage the international shares asset class in the following Funds:

• Perpetual Wholesale International Share Fund
• Perpetual Wholesale Conservative Growth Fund
• Perpetual Wholesale Diversified Growth Fund
• Perpetual Wholesale Balanced Growth Fund
• Perpetual Wholesale Split Growth Fund.

 

Information about Wellington Management can be found at: http://www.perpetual.com.au/pdf/wholesale-funds-specialist-flyer.pdf

Perpetual Wholesale International Share Fund

The ‘Objective’ has changed to “Aims to provide long-term growth through investment in international shares”. The ‘Investment approach’ has changed to:
“The Fund primarily invests in publicly traded, or to be listed, global equity securities, including emerging markets.
The focus is on investing in stocks of companies the investment manager believes are solid but temporarily out-of-favour and provide above-average total return potential. The country and sector allocations within the Fund are a result of the stock selection process. The currency exposure of the Fund is typically unhedged, although currency hedging may be used to protect investments at the discretion of the investment manager. Derivatives may be used in managing the Fund*.”

*A derivative is a financial instrument that derives its value from the price of a physical security or market index. 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.
• as an alternative to the direct purchase or sale of underlying investments or creating market exposure where there are transactional, tax or cost efficiencies.

Continuous disclosure

Changes to the Perpetual Wholesale Funds as of 15 August 2011 (see product updates above).

The Perpetual Wholesale Funds PDS No. 6 issued on 1 June 2011 includes the following key changes:

Perpetual Wholesale Smaller Companies Fund reopened

The Perpetual Wholesale Smaller Companies Fund has been reopened to new investors.

Perpetual Wholesale Global Resources Fund – increase to cash investment range

The investment range for cash has increased from 0-10% to 0-20%.

Perpetual Wholesale Dynamic Fixed Income Fund available

The Perpetual Wholesale Dynamic Fixed Income Fund is now available through Perpetual Wholesale Funds.

Perpetual Wholesale Diversified Income Fund – changes to investment guidelines

The Fund’s maximum investment limits for sub-investment grade and non-rated securities have been reduced from 50% to 25%, with a separate limit for mortgages and other private debt of 15%. The maximum gearing level has been reduced from 50% to 25%.