Perpetual Pure Equity Alpha Fund Updates

Continuous Disclosure and Important Information

PRODUCT DISCLOSURE STATEMENT (PDS)

The Perpetual Pure Equity Alpha Fund Product Disclosure Statement issue number 2 dated 31 January 2014, as amended by Supplementary Product Disclosure Statement issue number 1 dated 27 March 2015 contains detailed information about the Perpetual Pure Equity Alpha Fund (Fund) including the benefits, risks, fees and charges.

The PDS contains detailed information about the Perpetual Pure Equity Alpha Fund (Fund) including the benefits, risks, fees and charges.

Download PDS

Product Information Incorporated by Reference

The PDS refers to other information relevant to the product. This information is ‘incorporated by reference’ and forms part of the PDS. It should be read together with the main PDS document above.

The current buy/sell spread is 0.20%/0.20%.

Other Documents

Direct debit request service agreement which must be read prior to completing direct debit authorisation.

Online account access conditions of use

Privacy Policy

Our privacy policy

Perpetual’s Privacy Policy has been updated as of March 2016 to include information about how you may access and seek correction of personal information held by us, make a complaint to us if you have concerns about how we have handled your personal information, how we will deal with such complaints and whether we may disclose personal information to overseas recipients.

Product Updates

We may update the PDS with changes that are not materially adverse via disclosure on our website. Any updates should be read together with the main PDS document above.

Continuous Disclosure

In relation to the PDS, the following continuous disclosure items apply;

Investment Guidelines change

Effective 27 March 2015 the Fund’s investment guidelines have been modified. The investment range for gross share exposure is now 0-220% and cash is now 0-120%. Previously the guidelines for gross share exposure were 0-200% and cash 0-100%. The investment range for net global share exposure of -10-20% has been clarified as sub component of the net share exposure of-20-100%.

Key features relating to the fund – Monthly updates

Effective 27 March 2015 the monthly updates which will be available at our website on "the Fund's long, short and net positions" has been changed to "the Fund's long, short and net position percentages".

Removal of Performance fee reset

Effective 27 August 2014, on page 9, the final paragraph is no longer applicable. The constitution has been changed to remove the ability to reset the accrual of the performance fee at the start of a performance fee period.

Correction to the Example of annual fees and costs table

On page 12, in the table ‘‘Example of annual fees and costs’’ there is a typographical error in the management cost stated. The figure of 2.34% is incorrect and should be 1.28%. Please note that the example management cost on $50,000 invested of $640 is correct.

Approved counterparties for over-the-counter derivatives

The following counterparties are currently approved by Perpetual for any over-the-counter derivatives used in managing the Fund:

  • Commonwealth Bank of Australia (CBA)
  • National Australia Bank Limited (NAB)
  • Australia and New Zealand Banking Group Limited (ANZ)
  • Westpac Banking Corporation (Westpac)
  • Macquarie Bank Limited (Macquarie)
  • UBS AG (UBS)
  • State Street Bank and Trust Company (State Street)."

Standard Risk Measure

The Standard Risk Measure (SRM) for Funds may change over time for various reasons, including as a result of reviews of the underlying capital market assumptions that are used in their calculation and future changes to asset allocations by the investment manager.

Effective 1 July 2014, the SRM has changed, following an annual review.

Previous SRM New SRM
6-High 7-Very high