Perpetual’s Concentrated Equity Fund offers a concentrated portfolio of between 20 and 45 high quality Australian shares, focused on capturing sustainable, long-term returns for investors.
The Fund’s investment team, led by Head of Equities Paul Skamvougeras, conducts extensive fundamental research and only invests in a company when they believe the share price is attractive relative to its return potential. They seek to hold the positions long-term, provided that the quality of the business remains unchanged and the price remains attractive, underlining the focus on sustainable long-term investment returns.
Perpetual Wholesale Concentrated Equity Fund
Pricing & Performance
Performance as at 30/04/2022
Returns as at 30/04/2022
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 1.70 | -- | 1.70 |
| 3 month | 9.94 | -- | 9.94 |
| 6 month | 5.94 | 2.61 | 8.55 |
| 1 year | 11.79 | 3.54 | 15.33 |
| 3 year | 3.97 | 5.86 | 9.83 |
| 5 year | 1.05 | 6.92 | 7.98 |
| 10 year | -0.38 | 10.31 | 9.93 |
Distributions
| Frequency | Half Yearly |
| Cents per Unit | 3.945 |
| Reinvestment Price | 1.600 |
Fund Commencement Date
| August 1999 |
Fund Profile
Target Market Determination (TMD)
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 income through investment predominantly in quality Australian industrial and resource shares.
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. The Fund's investment portfolio will typically consist of between 20 and 45 stocks. 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 |
Fees
| Entry | 0 |
| Exit | 0 |
| Management Fee (p.a.) | 1.10%. Refer to PDS for Management Costs. |
| Buy / Sell Spread | 0.15% / 0.15% |
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.
> Continuous disclosure and updates for Perpetual Wholesale Funds
> Continuous disclosure and updates for Perpetual Pure Series Funds
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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
Apply for Perpetual Wholesale funds
Apply for Perpetual Pure series funds
Mailing and application details address
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.
Downloads
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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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Paul Skamvougeras
Head of Equities, Portfolio Manager
Concentrated Equity, Pure Equity Alpha, Pure ValueBEc, CAYears of experience: 26
Years at Perpetual: 18 (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 Asset Management Australia 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.
