The Perpetual Pure Microcap Fund is an actively managed portfolio of quality Australian Microcap companies, which are defined as companies with a market capitalisation or free float of less than $300 million on acquisition.

Investing in Perpetual Pure Microcap Fund provides investors with the following benefits:

  • A professionally managed portfolio using Perpetual’s bottom up stock selection process.
  • The potential for long-term capital growth via investment in under-researched microcap stocks, which are typically mispriced and undervalued.

Lighthouse, Perpetual Pure Equity Alpha - Investment Brouchure

Information for the Perpetual Pure Microcap Fund.

Fund Resources


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 Microcap Fund - Class A

Pricing & Performance

Performance as at 30/04/2022

Returns as at 30/04/2022

  Growth % Distribution % Total %
1 month -1.00 -- -1.00
3 month 2.14 -- 2.14
6 month -1.86 0.98 -0.88
1 year 9.49 10.73 20.22
3 year 12.45 8.25 20.71
5 year 3.72 9.76 13.48
10 year -- -- --

Unit Prices as at 19/05/2022

View price history


Frequency Half Yearly
Cents per Unit 1.947
Reinvestment Price 1.963
View distributions history

Fund Commencement Date

August 2013

Target Market Determination (TMD)

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Australian shares

  • 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 or free float of less than $300m on acquisition.

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 Nil
Minimum Additional Investment $2,000


Entry 0
Exit 0
Management Fee (p.a.) 1.28%. Refer to PDS for Management Costs. *
Performance Fee (p.a.) 20.50% of outperformance.*
Buy / Sell Spread 0.14% / 0.14%
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%


Half Yearly
June 30, December 31

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.

Have any questions?

Call your Perpetual Business Development Manager on 1800 062 728.