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 Z is the performance fee option.
‘WHOLE OF PORTFOLIO' SOLUTION
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.
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.
THE CASE FOR REAL RETURN INVESTING
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.
WHAT ARE THE RISKS?
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
Performance as at 30/09/2020
Returns as at 30/09/2020
|Growth %||Distribution %||Total %|
About this fund
Perpetual Investment Management Limited
5 years or longer
The Fund targets a pre-tax return of 5% per annum above inflation (before fees and taxes) over rolling five-year periods. Aims to provide investors with exposure to a balanced portfolio that is constructed with reference to risk premiums (risk contribution to overall portfolio) rather than capital allocations. Class Z is the performance fee option.
Perpetual aims to achieve the above objective by:
- actively managing the Fund's asset allocation
- primarily gaining exposure to asset classes via direct securities, managed funds, exchange traded funds (ETF) and derivatives
- investing with Perpetual Investments and where appropriate, external managers
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 management is used to either hedge currency for an existing position or create exposure to a foreign currency. Exposure to a foreign currency will be limited to 50% of the gross asset value of the Fund.
|Minimum Initial Investment||$25,000|
|Minimum Additional Investment||$2,000|
|Management Fee (p.a.)||0.35%. Refer to PDS for Management Costs.|
|Performance Fee (p.a.)||10% of outperformance*|
|Buy / Sell Spread||0.1% / 0.11%|
|*The performance fee hurdle is the middle of the Reserve Bank of Australia target inflation rate which is 2.5%. The performance fee component is capped at 1% per annum. A full explanation of the performance fee is set out in the PDS.|
|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|
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.
Making an investmentReview the Product Disclosure Statement (PDS) and related documents to ensure you understand how the fund works and the risks involved.
Mailing and application details address
Send your completed application & identification documents to:
Perpetual Wholesale Funds
GPO Box 4171, Sydney NSW 2001
All forms, offer documents and PDS’s can be found in Forms, PDS's and Offer Documents page in our Resources section.
If you are an institutional investor
Please contact one of our institutional relationship managers or phone 1800 110 941.