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Perpetual Pure Credit Alpha Fund - Class W

Perpetual Pure Credit Alpha Fund - Class W

Designed for investors looking for an active, risk aware diversified fixed income and credit fund that seeks to deliver income and capital preservation.

The Perpetual Pure Credit Alpha Fund aims to deliver positive returns above the cash rate over rolling three-year periods by primarily investing in and actively trading fixed income securities and related derivatives.

The Fund takes into account changes in market-wide and security-specific credit margins while seeking to maximise returns from liquidity premiums.

Perpetual aims to meet the Fund’s objective by utilising an active risk aware investment process that leverages the full use of the Perpetual Credit and Fixed Income team.

Features and benefits

Active security selection

Capital preservation focus

Risk aware investment approach

Deep investment Experience

Active security selection

Active security selection ensures a strong conviction portfolio that is diversified in terms of sectors, industries and ranking in the capital structure. The Fund opportunistically captures returns from multiple sources with the aim of delivering positive returns for investors.  

Capital preservation focus

The Fund’s active, risk aware approach aims to deliver positive returns with low volatility over the long term.

Risk aware investment approach

We will only take on risk when we expect it will be rewarded and we actively screen out sources of risk that could lead to a loss. Risk management drives every decision we make.  

Deep Investment Experience

The team has an average of 20 years’ investment experience through multiple market cycles.  

Pricing & Performance

Fund Commencement: September 2006

Unit Pricing

As at
Entry 1.475
Exit 1.469
View Price History

Distributions

Frequency
Quarterly
Cents per Unit
2.464
Reinvestment Price
1.447
View Distribution History

Performance

As at

Returns

As at
Growth (%) Distribution (%) Total (%)
1 month 0.81% -- 0.81%
3 month 0.60% 1.72% 2.32%
6 month 1.96% 2.85% 4.80%
1 year 3.74% 6.15% 9.89%
3 year 0.42% 4.71% 5.13%
5 year 0.49% 4.05% 4.54%
10 year 1.65% 3.14% 4.79%

Investment Approach

Perpetual aims to achieve the above objective by utilising an active and risk aware investment process that leverages the full use of the Perpetual Credit team's experience. The strategy will allow the team discretion to invest in areas of the market or a company's capital structure where they see relative value. The portfolio will be diversified, taking into account changes in market-wide and security-specific credit margins while seeking to maximise returns from liquidity premiums. In addition, it is the intention to enhance returns through: - the ability to purchase securities with no minimum credit rating - investing in different levels of the capital structure based on opportunities in the market - creating short positions on credit securities using derivatives which may result in gearing

Details & Fees

Investment Objective The Fund aims to provide investors with a positive return above the cash rate over rolling three-year periods (before fees and taxes) by primarily investing in and actively trading fixed income securities and related derivatives.
Minimum Suggested Timeframe 3 years or longer
Fund Manager Perpetual Investment Management Limited
Asset Class Fixed Income and Credit
Minimum Initial Investment $25,000
Minimum Initial Investment (with saving plan) $25,000 Monthly Minimum Nil
Minimum Additional Investment $5,000
Assets denominated in foreign currencies 0 - 35%
Gearing level 0 - 15%
Illiquid assets 0 - 18%
Investment grade debt 50 - 100%
Sub-investment grade/non-rated debt 0 - 50%
Quarterly March 31, June 30, September 30, December 31
Entry 0
Exit 0
Management Fee (p.a.) 0.85%. Refer to PDS for Management Costs. *
Buy / Sell Spread 0.15% / 0.2%

New and existing investors: Invest using Perpetual’s online application form

How to Invest

Apply online for a new Perpetual Investment Fund Invest now

Perpetual Investment 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. Applications to invest in Perpetual Investment Funds can be made through the myPerpetual application portal online.

 

Before applying for a Perpetual Investment it's important to review the Product Disclosure Statement (PDS), and related documents to ensure you understand how the fund works and the risks involved.

 

Information on Customer Identification Requirements

Investment Forms, PDS's and Offer Documents

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Update or apply for additional investment in my Perpetual fund Access the myPerpetual Portal

Applications for additional investment to your Perpetual Fund can be done by accessing the online account portal myPerpetual, or via the post where completed additional investments form & documents should be sent to this address:

 

Perpetual Investment Funds

GPO Box 4171, Sydney NSW 2001

 

Review the current PDS and related documents. They may have changed since you first invested.

 

Information on Customer Identification Requirements

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Perpetual Investment Funds New Application

Applications for Perpetual Investment aFunds can be made via investor directed portfolio services. Financial advisers can make applications through the Perpetual application portal online, or via the post where completed application & documents should be sent to this address:

 

Before applying for a Perpetual Investment Fund, it's important to review the Product Disclosure Statement (PDS) and related documents to ensure you understand how the plan works and the risks involved.

 

Perpetual Investment Funds

GPO Box 4171, Sydney NSW 2001

 

Information on Customer Identification Requirements

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Contact an institutional relationship manager or phone 1800 110 941. Contact

With one of Australia’s largest, most well-resourced and experienced investment teams, Perpetual offers institutional investors expertise across four major investment capabilities: Australian equities; global equities; cash, credit and fixed income; and multi asset strategies. These capabilities can be accessed via pooled investment funds or tailored mandates.

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:

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Perpetual Pure Credit Alpha Fund – Class W assigned March 2023) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued September 2023 (Perpetual Pure Credit Alpha Fund – Class W) is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved. 

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. The product disclosure statements and target market determinations for the Funds are available on this website.

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.