Perpetual Diversified Real Return Fund - Class W

The Perpetual Diversified Real Return Fund invests across a range of strategies, regions and sectors. The Fund targets a pre-tax return of 5% per annum above inflation, before fees and taxes, over rolling five-year periods, while minimising downside risk.

The Fund aims to achieve this return with lower levels of volatility than a traditional balanced fund. Diversifying the sources of risk to form a more efficient multi-asset portfolio and seeking to reduce the uncertainty of investment outcomes over the investment horizon and protect returns against inflation.

We apply a dynamic asset allocation approach to managing the Fund, which means that we are not constrained by fixed asset allocation ranges. Instead, we have the flexibility to actively shift the investment exposures to capture the best opportunities – wherever they are found.

Class W is the standard fee option.

Features and Benefits


    There are a number of ways we take an integrated approach to managing our portfolios. This includes defining the clear role of each investment in achieving a portfolio’s investment objectives and centrally managing risks at the portfolio level rather than in isolation.

  • Investments are focused on opportunities

    We focus on using the broadest set of investment opportunities. This means that our asset allocation is always changing, not only to capture the best returns but also to minimise the risk of loss.

  • Lower volatility

    Because the Fund is focused on managing overall volatility, we aim to provide a smooth and consistent sequence of returns for investors. Our approach seeks to lower risk and protect capital.

  • Wide variety of investment opportunities

    The Fund can invest in some harder to access investment opportunities, such as unlisted property, private equity, infrastructure, frontier markets and commodities strategies; as well as traditional assets.


Real return funds are designed to provide investors with a higher certainty of achieving a real return objective with a lower level of risk and lower sensitivity to extreme market events.

Tools and Resources

More information about the Perpetual Diversified Real Return Fund can be found in the following brochures:


All investments carry risk. While it is not possible to identify every risk relevant to your investment, we have provided details of the risks that may affect your investment in the relevant product disclosure statement (PDS) or offer document.

You can find PDSs and other documents in our resources section. The relevant PDS, offer documents and forms can also be found in the sections below:

> Investment | > Superannuation | > Retirement

Employee, Perpetual Diversified Real Return

Through our dynamic asset allocation approach, we are constantly adjusting the Fund’s asset exposure to be in the right assets at the right time.


Perpetual Diversified Real Return Fund - Class W

Pricing & Performance

Performance as at 31/03/2021

Returns as at 31/03/2021

  Growth % Distribution % Total %
1 month 2.42 -- 2.42
3 month 3.10 -- 3.11
6 month 7.37 -- 7.37
1 year 5.25 5.24 10.48
3 year 1.30 3.91 5.20
5 year 1.31 3.95 5.26
10 year 0.88 5.38 6.27

Unit Prices as at 21/04/2021

View price history


Frequency Quarterly
Cents per Unit 0.004
Reinvestment Price 1.130
View distributions history

Fund Commencement Date

October 2010

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class


  • Suggested Length

    5 years or longer

Investment Objective

The Fund targets a pre-tax return of 5% per annum above inflation (before fees and taxes) over rolling five-year periods, while minimising downside risk.

Investment Approach

The Fund will invest in a diversified range of asset classes which are weighted according to the level of risk they contribute to the portfolio. Assets will be managed to effectively diversify these risk exposures. The combination of assets held by the Fund at any time are those which we believe provide the greatest probability of achieving the target return over rolling five-year periods. We may quickly adjust the Fund's asset allocation to respond to changing market conditions and/or to take advantage of new opportunities.

In managing the Fund to meet its investment objective, the Fund may implement a considerable amount of its exposures via derivatives, and may include alternative and private market assets.

Currency is managed at the Fund level, taking into account currency exposure arising from underlying investments. Currency management is used to either hedge currency for an existing position or create exposure to a foreign currency. Net foreign currency exposure will be limited to 50% of the gross asset value of the Fund.

Investment Details

Minimum Initial Investment $25,000
Minimum Additional Investment $2,000


Entry Nil
Exit Nil
Management Fee (p.a.) 0.85%. Refer to PDS for Management Costs.
Buy / Sell Spread 0.11% / 0.11%

Investment Guidelines

Australian shares 0 - 50%
Cash 0 - 100%
International shares 0 - 50%
Property 0 - 15%
Commodities 0 - 15%
Other investments 0 - 30%
Illiquid assets 0 - 20%
Fixed income and credit 0 - 100%


March 31, June 30, September 30, December 31

How to Invest

  1. Perpetual Wholesale Funds feature Perpetual’s leading investment management capabilities. They are designed for individual and wholesale investors, and super fund trustees, with $25,000 or more to invest. You can also invest through investor directed portfolio services.

    Continuous disclosure and updates

    Find out more about Perpetual Wholesale Funds

  2. Making an investment

    Review the Product Disclosure Statement (PDS) and related documents to ensure you understand how the fund works and the risks involved. 

    Online Application


    Send your completed application & identification documents to:

    Perpetual Wholesale Funds

    GPO Box 4171, Sydney NSW 2001

    Customer Identification Requirements


    All forms, offer documents and PDS’s can be found in Forms, PDS's and Offer Documents page in our Resources section.

  3. If you are an institutional investor


    Please contact one of our institutional relationship managers or phone 1800 110 941. 

Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and/or 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.