Perpetual Ethical SRI Fund (Managed Fund) (ASX:GIVE)

GIVE is a unit class in the Perpetual Ethical SRI Fund and is quoted and traded on the ASX as an Exchange Traded Managed Fund (ETMF). The Perpetual Ethical SRI Fund is an actively managed fund, targeting long-term capital growth and income through investment predominately in quality Australian shares of ethical and socially responsible companies. 

GIVE will be quoted on the ASX, so investors can buy and sell GIVE on the ASX at the prevailing market price through a stockbroker, share trading account or other securities trading platform, much like the process for buying and selling shares.

Generally, a Holder Identification Number (HIN) will be issued to you which allows you to view your ETMF holdings alongside any other listed investments you have.

An indicative net asset value (iNAV) per unit will be published for GIVE during ASX trading hours. See top of this page. The iNAV reflects the estimated NAV per unit during the ASX trading day. It provides a reference point to assist investors in understanding if they are purchasing or selling units in the ETMF at, or close to the NAV per unit.

The Perpetual Ethical SRI Fund has two unit classes:

1. Unquoted class – investors can apply for units in this class by applying under the Perpetual Wholesale Funds product disclosure statement and completing the application form or by directing a platform operator to lodge an application. An investor may also redeem by transacting online through myPerpetual or sending us a completed withdrawal form, or directly a platform operator to lodge a withdrawal request.
2. Quoted class offered as the Perpetual Ethical SRI Fund (Managed Fund) (ASX: GIVE) – investors can buy and sell units in this unit class on the ASX via their stockbroker, share trading account or other securities trading platform.

The same investment objective and investment strategy applies for both unit classes and is managed by Portfolio Manager, Nathan Hughes. Performance and returns of the unit classes may differ due to different tax treatments, fees and costs. For more information, investors can access the Fund Profile for each unit class on the Perpetual website and read the relevant product disclosure statement. The Target Market Determination is also available on the Perpetual website. 

ETMFs trade, clear and settle in the same way as ASX-listed shares. Investors do not need to complete an application form or withdrawal form. Perpetual does not require an investor to apply for a minimum number of units or dollar amount in GIVE.

1. Do your research
   - Read the PDS available here. You should read the PDS before making any decision on how to invest in the ETMF.
   - Learn more about GIVE by visiting www.perpetual.com.au/give or contacting us.
2. Contact or access your ASX stockbroker (full service or online) to place a buy order for the ETMF.

None, if you have an existing stockbroking account. Otherwise, refer to a stockbroker for paperwork required.

The price at which you buy and sell units in GIVE on the ASX will be the prevailing market price for GIVE at the time of the transaction. 

The market price is generally designed to trade in line with net asset value (NAV) or the indicative net asset value (iNAV) of GIVE. We have engaged an independent agent to calculate and disseminate an iNAV per unit for GIVE. The iNAV per unit will be updated for price movements of an ETMF’s investments through live market prices and if applicable, foreign exchange movements. There may be securities held by the Fund that do not have live market prices during the trading day, in which case (for those securities only), the iNAV will generally reflect only what is considered the best estimate of fair value for such securities. The iNAV provides a reference point to assist investors in understanding if they are purchasing or selling units in the ETMF at, or close to the NAV per unit.

The iNAV and NAV per unit of GIVE are published on Perpetual’s website (see top of this page).

A market maker is responsible for providing liquidity in the ETMF so that investors can buy and sell when they choose to do so. Perpetual, in its capacity as responsible entity of the Fund, intends to act as market maker for GIVE. Perpetual has appointed a market making agent to assist with this role. Market maker agents will quote bid and offer prices and volumes on the ASX throughout the trading day. Their role is designed to ensure that the ETMF trades in line with the NAV or iNAV of the ETMF. 

GIVE has a management fee of 0.65% p.a. plus a daily performance fee of 15% of the difference between GIVE’s daily return and its performance hurdle multiplied by GIVE’s adjusted net asset value. The performance hurdle for GIVE is the S&P/ASX 300 Accumulation Index.

Perpetual may donate to charity a portion of the performance fee it earns from GIVE. Information about which charities Perpetual donate to and the details of any donations made will be on our website once available. 

Refer to the ETMF PDS for further information on the fees for GIVE and how the performance fee works.

For enquiries about your holdings in GIVE, please contact the Unit Registry, Link Market Services:

Email: perpetualetmf@linkmarketservices.com.au

Phone: 1800 635 323 (8:30am to 5:00pm – Monday to Friday excluding public holidays)

 

Access the Link Investor Centre by visiting https://investorcentre.linkmarketservices.com.au/Login/Login

In the Investor Centre, you can:

• Register your Australian bank account details so that distribution payments can be made to you
• Register your TFN, ABN or exemption notification
• Choose whether you wish to participate in the Distribution Reinvestment Plan (DRP)
• Provide your tax residency details by completing your FATCA/CRS self-certification
• Elect your communication preference – email or post
• Access distribution and tax statements
• Contact a Link representation via virtual chat if you have any need any assistance

 

For all fund related enquiries, please contact Perpetual Asset Management Australia.

Email: investments@perpetual.com.au

Phone: 1800 022 033