PERPETUAL PURE EQUITY ALPHA FUND

The Perpetual Pure Equity Alpha Fund is an absolute return portfolio of the best share opportunities we have identified (both long and short), and is managed by one of Australia's most experienced equity teams.

The Fund aims to generate positive returns with minimal volatility over equity market cycles. By combining both long (to hold) and short (to sell) positions the Fund is able to take advantage of rising and falling markets and provide some protection against falling markets.

We employ our tried and proven bottom-up stock selection process for both long and short positions. Through fundamental company research, we aim to identify opportunities to buy quality, undervalued companies. On the short side of the portfolio we opportunistically target stocks that we expect will underperform. We rarely short the index, we short companies.


Absolute return portfolios

Absolute return long-short equity funds offer a differentiated solution to investors. Find out more in the brochure below.

Features and Benefits

  • More opportunities to manage downside risk

    The Fund’s ability to invest in Perpetual’s highest conviction long and short ideas means that portfolio performance can be better cushioned during periods of market weakness.

  • Absolute return focus

    By taking long and short positions, the Fund is better able to generate positive returns in both rising and falling markets.

  • Flexibility and conviction

    Our bottom-up company research generates the insights that drive our high conviction stock selection. The Fund is not limited by index weightings or market capitalisation.

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    Specialist shorting expertise

    Perpetual’s equity team has a highly experienced shorting investment capability. This skill and experience has helped the Fund identify shorting opportunities that have added to returns.

The Fund is able to take advantage of rising and falling markets, and provides useful protection for investors against falling markets.

Anthony Aboud, Portfolio Manager
Spiral Staircase
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Fund Resources

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

Perpetual Pure Equity Alpha Fund

Pricing & Performance

Performance as at 31/08/2021

Returns as at 31/08/2021

  Growth % Distribution % Total %
1 month 2.17 -- 2.17
3 month 1.98 -- 1.98
6 month 5.79 -- 5.79
1 year 15.71 -- 15.71
3 year 4.71 2.57 7.28
5 year 3.56 3.04 6.59
10 year -- -- --

Unit Prices as at 16/09/2021

Entry
1.250
Exit
1.245
View price history

Distributions

Frequency Half Yearly
Cents per Unit 0.000
Reinvestment Price 1.000
View distributions history

Fund Commencement Date

March 2012

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Australian shares

  • Suggested Length

    5 years or longer

Investment Objective

Aims to generate positive returns over a market cycle irrespective of market conditions by investing in both long and short positions of predominantly Australian shares. Whilst the Fund has no formal benchmark, for reporting purposes the Fund is measured against the RBA cash rate.

Investment Approach

Utilising Perpetual's proven investment process, the Fund will adopt the same disciplined investment approach as is used across Perpetual's equity funds. Our conservative bottom-up approach to stock picking is core to the investment approach for this Fund, allowing the portfolio manager to identify and select stocks for both the long and short positions of the Fund. The investment process is based on comprehensive internal company research using four filters:
- sound management
- conservative debt levels
- quality of business and
- recurring earnings.
The Fund's portfolio is then created within specific investment guidelines and a risk-controlled framework. The Fund will predominantly invest in Australian shares (both long and short), cash may be used defensively to preserve capital and it can invest opportunistically (both long and short) in global shares.
Derivatives may be used in managing the Fund.

Investment Details

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

Fees

Entry Nil
Exit Nil
Management Fee (p.a.) 1.28%. Refer to PDS for Management Costs. *
Performance Fee (p.a.) 20.50% of outperformance.*
Buy / Sell Spread 0.2% / 0.2%

Investment Guidelines

Cash 0 - 100%
Net Share Exposure -20 - 100%
Gross Share Exposure 0 - 200%
Net Global Share Exposure -10 - 20%

Distribution

Half Yearly
June 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 for Perpetual Wholesale Funds

    Continuous disclosure and updates for Perpetual Pure Series Funds

    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


    Apply for Perpetual Wholesale funds

     

    Apply for Perpetual Pure series funds


     

    Send your completed application & identification documents to:

    Perpetual Wholesale Funds

    GPO Box 4171, Sydney NSW 2001

    If applying to Perpetual Pure Series Funds:

    Perpetual Pure Series 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.


Have any questions?

Call your Perpetual Business Development Manager on 1800 062 728.

Awards and recognition

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