Perpetual Pure Microcap Fund
The Perpetual Pure Microcap Fund is closed to new investors.
Ways to Invest
So that we can provide you the most relevant information, please begin by selecting your investment type from the options below:
Perpetual Pure Microcap Fund
Pricing & Performance
Performance as at 30/11/2018
Returns as at 30/11/2018
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | -8.91 | -- | -8.91 |
| 3 month | -13.57 | -- | -13.57 |
| 6 month | -11.86 | 7.86 | -4.00 |
| 1 year | -13.24 | 7.74 | -5.50 |
| 3 year | -2.72 | 16.85 | 14.12 |
| 5 year | 2.35 | 16.19 | 18.54 |
| 10 year | -- | -- | -- |
Distributions
| Frequency | Half Yearly |
| Cents per Unit | 12.523 |
| Reinvestment Price | 1.404 |
Fund Commencement Date
| September 2013 |
Fund Profile
Details & Fees
About this fund
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Fund Manager
Perpetual Investment Management Limited
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Asset Class
Australian shares
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Suggested Length
7 years or longer
Investment Objective
Aims to provide investors with long term capital growth via an investment in a portfolio of quality Australian microcap companies. Microcap companies are defined as companies with a market capitalisation of less than $250 million on acquisition. Whilst the Fund has no formal benchmark, for reporting purposes the Fund is measured against the S&P/ASX Small Ordinaries Accumulation Index.
Investment Approach
We aim to achieve the Fund's investment objective by:
- adopting a 'bottom-up' stock selection approach to investing, where the decision to buy or sell is based on fundamental quality and valuation
- constructing the portfolio within a framework that is benchmark independent in terms of stock and sector weights
- aiming to add value from the portfolio manager's high conviction approach to stock selection.
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.) | 1.28%. Refer to PDS for Management Costs. * |
| Performance Fee (p.a.) | 20.50% of outperformance.* |
| Buy / Sell Spread | 0.2% / 0.2% |
| Effective 1 March 2017 we have updated fees and costs information, and issued a new Product Disclosure Statement (PDS). Due to changes in ASIC Class Order [CO 14/1252], we have updated our disclosure in respect of the estimated management cost of the Pure Series Funds. This amount includes estimated indirect costs which are paid by the Fund, and are not a direct cost to you. It also includes a 4.53% estimated performance fee. The management fee you pay to Perpetual has not changed. A full explanation of fees and costs is set out in the PDS. For a copy of the replacement PDS please download the document from the How to Invest tab. | |
Investment Guidelines
| Australian shares | 70 - 100% |
| Cash | 0 - 30% |
Distribution
| Half Yearly |
| June 30, December 31 |
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Jack Collopy
Portfolio Manager
Ethical Shares, Pure Microcap, Pure Value, Smaller Companies (50%), AnalystBEcYears of experience: 18
Years at Perpetual: 16
Jack is the Portfolio Manager - Ethical Shares, Pure Microcap, Pure Value, Smaller Companies (50%) and an Analyst.
Jack joined Perpetual in November 2001 as an Investment Administrator and Equity Dealer. After four years he moved into an Analyst role, focusing on small cap industrial companies. Jack took on portfolio management responsibilities in June 2010.
Prior to joining Perpetual, Jack gained two years industry experience working in London as an Equities Dealer and Investment Administrator at both Salomon Smith Barney and Goldman Sachs Asset Management.
Jack has a Bachelor of Economics from the University of Sydney.
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