Perpetual Ethical SRI Credit Fund

The Perpetual Ethical SRI Credit Fund aims to provide regular income and consistent returns by investing in a diverse range of income generating, ethical and socially responsible assets.

It provides investors with an active, diversified portfolio of high quality, floating rate, predominantly investment grade securities that have passed through a screening process based on ethical and socially responsible factors.

The Fund will not invest in issuers that derive a material proportion of their revenue from the manufacture or sale of generally ethically unacceptable products and services such as the following:

  • alcohol
  • gambling
  • tobacco
  • uranium and nuclear
  • armaments (including weapons)
  • fossil fuels (upstream)
  • genetic engineering
  • pornography
  • animal cruelty (cosmetic testing)

In addition to the above, issuers are also subject to socially responsible investment (SRI) screening to evaluate business conduct in relation to governance and how their practices impact society and the environment.

Sovereign issuers (governments) will be analysed on environmental, social and governance (ESG) factors, based on a scoring system utilising research from external specialists. This may include, but is not limited to, considering any unethical practices such as corruption, rule of law and political instability of the sovereign.

The Fund also offers investors all the benefits of Perpetual’s proven investment philosophy and approach. When investing in debt, avoiding loss or default is critical. Perpetual aims to invest in stable, income generating assets that have a low likelihood of default. Our analysts screen out risks by applying quality filters to companies and selecting those with strong management, stable balance sheets, predictable earnings, industry leadership and low susceptibility to regulatory or event risk.

Perpetual is a signatory to the United Nations-supported Principles for Responsible Investment (PRI).

Full Holdings Disclosure

Features and Benefits

  • A FUND FOR ETHICAL INVESTORS

  • ROBUST SCREENING PROCESS

  • QUALITY FLOATING RATE ASSETS

  • DIVERSIFIED PORTFOLIO

Ethical SRI Credit Fund – Factsheet

Perpetual’s Ethical SRI Credit Fund is a floating rate credit fund that aims to provide regular income and consistent returns by investing in a diverse range of income generating, ethical and socially responsible assets.

Perpetual Ethical SRI Credit Fund

Pricing & Performance

Performance as at 30/11/2018

Returns as at 30/11/2018

  Growth % Distribution % Total %
1 month -0.02 -- -0.02
3 month -0.14 0.58 0.44
6 month 0.17 0.69 0.86
1 year -- -- --
3 year -- -- --
5 year -- -- --
10 year -- -- --

Unit Prices as at 12/12/2018

Entry
1.001
Exit
0.999
View price history

Distributions

Frequency Quarterly
Cents per Unit 0.583
Reinvestment Price 1.001
View distributions history

Fund Commencement Date

June 2018

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 regular income and consistent returns above the Bloomberg AusBond Bank Bill Index (before fees and taxes) over rolling three-year periods by investing in a diverse range of income generating, ethical and socially responsible assets.

Investment Approach

The Fund's approach to delivering returns and managing risk is through an active and risk aware investment process which invests in a diversified core portfolio of liquid investment grade credit securities. Perpetual believes these assets provide investors with protection in times of market stress. When the environment is supportive Perpetual seeks to enhance returns by taking more risk whether that be in maturity, credit rating or subordination. The Fund can also invest in alternative income generating securities such as infrastructure debt. This approach to portfolio construction is Perpetual's preferred method to deliver investors the highest possible risk adjusted returns.
In addition to the above investment approach, Perpetual utilises a strategy for screening ethical and socially responsible investments
(see Environmental, social and ethical factors and labour standards' on page 21 of the PDS).
Derivatives may be used in managing the Fund.

Investment Details

Minimum Initial Investment $25,000
With Savings Plan  
Minimum Initial Investment $25,000
Monthly Minimum $100
Minimum Additional Investment $2,000

Fees

Entry Nil
Exit Nil
Management Fee (p.a.) 0.70%. Refer to PDS for Management Costs.
Buy / Sell Spread 0.1% / 0.1%

Investment Guidelines

Sub-investment grade and non rated securities 0 - 25%
Cash and investment grade securities 75 - 100%

Distribution

Quarterly
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



    Paper Application Form

     

    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 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.

This content has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426 and issued by Perpetual Trustee Company Limited (PTCo) ABN 42 000 001 007, AFSL 236643. It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information.

The product disclosure statement (PDS) for the Perpetual Ethical SRI Credit Fund issued by PIML, should be considered before deciding whether to acquire or hold units in the fund. The PDS can be obtained by calling 1800 022 033 or visiting our website www.perpetual.com.au. No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investor’s capital.