The Perpetual Australian Share Fund is a diverse portfolio of high quality Australian shares, managed by one of Australia’s most experienced equity management teams. The Fund aims to provide investors with long-term capital growth and regular income.
At Perpetual, we seek quality companies with sound management, conservative debt levels, recurring earnings and a quality business. We assess the quality of a business by looking at a company’s products, positioning and brands; its sources of competitive advantage; the barriers to entry in its market and any issues that may influence the company’s future performance.
We only invest in a company when we believe its share price is attractive relative to its return potential. Perpetual seeks to hold positions for the long term, provided that the quality of the business remains unchanged and the price remains attractive.
Features and Benefits
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An investment approach that has stood the test of time
We seek to hold quality companies that are undervalued because of the potential for the share price to rise.
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Consistent long-term performance
The Fund has generated above-market returns over the long-term. This reflects our focus on capturing sustainable, long-term investment returns. Perpetual has been managing Australian shares since 1966.
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Depth of research
The team conducts more than 1,000 company meetings or calls per year. This is an important input to our research and assists in our deep understanding of a company.
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Experienced investment team
Perpetual’s investment team has extensive experience in investing in Australian shares. The portfolio managers and analysts in the team have an average of more than 14 years investment experience.
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 Wholesale Australian Share Fund
Pricing & Performance
Performance as at 31/01/2020
Returns as at 31/01/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 3.45 | -- | 3.45 |
| 3 month | 2.17 | 1.84 | 4.01 |
| 6 month | 2.47 | 1.85 | 4.32 |
| 1 year | 11.77 | 6.69 | 18.46 |
| 3 year | 2.46 | 5.56 | 8.03 |
| 5 year | -5.22 | 11.22 | 6.00 |
| 10 year | -2.74 | 11.20 | 8.46 |
Distributions
| Frequency | Half Yearly |
| Cents per Unit | 2.361 |
| Reinvestment Price | 1.308 |
Fund Commencement Date
| February 1997 |
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
5 years or longer
Investment Objective
Aims to: provide long-term capital growth and regular income through investment predominantly in quality Australian industrial and resource shares; and outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual researches companies of all sizes using consistent share selection criteria. Perpetual's priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- recurring earnings.
The Fund may have up to 20% exposure to investments in international shares.
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.) | 0.99%. Refer to PDS for Management Costs. |
| Buy / Sell Spread | 0.3% / Nil |
Investment Guidelines
| Australian shares | 90 - 100% |
| Cash | 0 - 10% |
Distribution
| Half Yearly |
| June 30, December 31 |
How to Invest
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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.
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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
Mailing and application details address
Send your completed application & identification documents to:
Perpetual Wholesale 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.
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If you are an institutional investor
Please contact one of our institutional relationship managers or phone 1800 110 941.
Got a question?
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Vince Pezzullo
Deputy Head of Equities, Portfolio Manager
Australian Share, Geared Australian Share, Direct Equity Alpha, Perpetual Equity Investment CompanyBComYears of experience: 25
Years at Perpetual: 12
Vince is the Deputy Head of Equities and the Portfolio Manager for Australian Share, Geared Australian Share, Direct Equity Alpha and the Perpetual Equity Investment Company (ASX:PIC).
Vince joined Perpetual Investments in July 2007 as an Analyst and since that time has covered the chemicals, diversified financials, banking, telecommunications, building materials and REITS sectors.
Prior to joining Perpetual, Vince was a senior portfolio manager/analyst in the large cap Australian equities team at Deutsche Asset Management and led the top 100 equities team. In addition, he had stock research responsibilities across a large number of sectors.
Vince was also a portfolio manager for a number of client portfolios and researched international stocks as part of the international equity division State Super (subsequently Deutsche). Prior to this, Vince worked in corporate finance and foreign currency for Monte Paschi Australia Limited.
Vince has a Bachelor of Commerce with a major in Economics and Finance.
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Awards and recognition
