Perpetual Pure Credit Alpha Fund Class W

This fund is available to Investors with a minimum investment of $100,000.

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Continuous disclosure and Important information


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Perpetual Pure Credit Alpha Fund Class W

Pricing & Performance

Performance as at 31/03/2018

Returns as at 31/03/2018

  Growth % Distribution % Total %
1 month -0.83 0.83 --
3 month 0.01 0.84 0.84
6 month 0.47 1.78 2.25
1 year 1.24 3.97 5.21
3 year 2.76 2.69 5.45
5 year 4.46 1.63 6.10
10 year -- -- --

Unit Prices as at 19/04/2018

Entry
1.421
Exit
1.414
View price history

Distributions

Frequency Quarterly
Cents per Unit 1.184
Reinvestment Price 1.414
View distributions history

Fund Commencement Date

March 2012

Fund Profile

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Cash and fixed income

  • Suggested Length

    3 years or longer

Investment Objective

Aims to provide investors with a positive return above cash rate over rolling three-year periods (before fees and taxes) by primarily investing in and actively trading fixed income securities and related derivatives.

Investment Approach

Perpetual aims to achieve the above objective by utilising an active and risk aware
investment process that leverages the full use of the Perpetual Credit team's experience.
The strategy will allow the team discretion to invest in areas of the market or a company's
capital structure where they see relative value. The portfolio will be diversified, taking
into account changes in market-wide and security-specific credit margins while seeking
to maximise returns from liquidity premiums. In addition, it is the intention to enhance
returns through:
- the ability to purchase securities with no minimum credit rating
- the appropriate use of leverage
- creating short positions on credit securities using derivatives.

Investment Details

Minimum Initial Investment $100,000
Minimum Additional Investment $5,000

Fees

Entry Nil
Exit Nil
Management Fee (p.a.) 1.00%. Refer to PDS for Management Costs. *
Buy / Sell Spread 0.25% / 0.25%
Effective 1 May 2017 we have updated fees and costs information, and issued a new Product Disclosure Statement (PDS). Due to changes in ASIC Class Order [CO 14/1252], we have updated our disclosure in respect of the estimated management cost of the Fund. This amount includes estimated indirect costs which are paid by the Fund, and are not a direct cost to you. The management fee you pay to Perpetual has not changed. A full explanation of fees and costs is set out in the PDS. For a copy of the replacement PDS please download the document from https://www.perpetual.com.au/resources-and-documents/continuous-disclosure-and-important-information/perpetual-pure-credit-alpha-fund-class-w-updates.

Investment Guidelines

Gearing level 0 - 50%
Illiquid assets 0 - 15%
Investment grade debt 50 - 100%
Sub-investment grade/non-rated debt 0 - 50%
Equity 0 - 15%

Distribution

Quarterly
March 31, June 30, September 30, December 31

Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 are the issuers of the Funds. You should consider the relevant Fund product disclosure statement or other offer document before deciding whether to invest.

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.