The Perpetual Pure Value Share Fund is a unique, high conviction portfolio with focus on absolute value.
By applying Perpetual’s highly regarded and proven investment process and our fund manager’s experienced stock-picking skills of investing in high quality shares, the Fund aims to grow wealth over the long term.
The portfolio is constructed without reference to any benchmark but rather a direct reflection of the fund manager’s conviction in the positions held. Valuation is the key driver in the portfolio’s stock selection, offering a strong return potential through its high conviction positions.
Performance as at 29/02/2020
Returns as at 29/02/2020
|Growth %||Distribution %||Total %|
About this fund
Perpetual Investment Management Limited
7 years or longer
Aims to provide investors with long-term capital growth and income through investment in quality shares. Whilst the Fund has no formal benchmark, for reporting purposes the Fund is measured against the S&P/ASX 300 Accumulation Index.
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
- ascertaining fundamental quality, selecting stocks based on the following investment criteria:
conservative debt levels
quality of business
- constructing a diversified portfolio within a framework that is benchmark independent in terms of stock and sector weights.
Derivatives may be used in managing the Fund.
|Minimum Initial Investment||$25,000|
|Minimum Additional Investment||$2,000|
|Management Fee (p.a.)||1.50%. Refer to PDS for Management Costs. *|
|Buy / Sell Spread||0.15% / 0.15%|
|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. 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.|
|Australian shares||75 - 100%|
|Cash||0 - 25%|
|June 30, December 31|
Years of experience: 24
Years at Perpetual: 16 (split in 2 periods)
Paul is the Head of Equities and the Portfolio manager for the Concentrated Equity, Pure Equity Alpha and Pure Value strategies.
Paul rejoined Perpetual Investments in February 2010 as a Portfolio Manager, having previously spent seven years with Perpetual. He began his career with Perpetual in 1994 in a back office role, moving into a dealing role after three years, working his way up to the Head Dealer role.
Between stints at Perpetual, Paul spent seven years working at CPH/Ellerston Capital, where he had portfolio management responsibilities for an Australian long/short strategy for the first four years and a global long/short strategy for the last three years. Paul also recruited and managed two analysts within his team.
Paul gained international experience, spending 18 months in London, as well as expertise in investing and trading various asset classes ranging from equities, commodities, currencies and fixed interest.
Paul has a Bachelor of Economics from Macquarie University and is a Member of the Institute of Chartered Accountants.Loading...