Perpetual Diversified Income Fund

The Perpetual Diversified Income Fund is an active, diversified portfolio of high quality, floating rate debt investments. The Fund is designed for investors seeking predictable outcomes – including above cash rate returns, consistent income and capital stability.

When investing in debt, avoiding loss or default is critical. Perpetual aims to invest in stable, income generating assets that have a low likelihood of default. Perpetual’s analysts screen out risks by applying quality filters to companies and selecting those with strong management, stable balance sheets, predictable earnings, industry leadership and low susceptibility to regulatory or event risk.

We invest in floating rate assets because we believe that capital preservation is important. When interest rates rise, floating rate assets may better protect investors’ capital and allow for higher income generation. Floating rate investments are a natural complement to traditional fixed rate securities, such as government bonds and term deposits.

Features and Benefits


    While fixed rate investments are potentially vulnerable to capital losses when interest rates rise, floating rate investments tend to benefit.

  • Domestic focus, globally aware

    The Fund invests predominantly in investment-grade assets. As a result, our investments typically remain tradeable, even during periods of extreme market stress, providing liquidity and regular distributions to investors in the Fund.

  • A highly active and diversified portfolio management approach

    The Fund holds 150 to 200 floating rate assets across a broad range of sectors and maturities in the Australian debt market. Diversification is important in managing risks and delivering steady returns.

  • Risk aware management style

    We will only take on risk when we expect it will be rewarded and we actively screen out sources of risk that could lead to a loss. Risk management drives every decision we make.

Perpetual Diversified Income - Meet the Manager

Our focus on quality strengthens liquidity and supports capital stability.

Vivek Prabhu - Head of Fixed Income


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 Diversified Income Fund

Pricing & Performance

Performance as at 30/09/2020

Returns as at 30/09/2020

  Growth % Distribution % Total %
1 month -0.59 0.56 -0.03
3 month 1.08 0.57 1.65
6 month 4.67 0.59 5.26
1 year -0.27 1.69 1.43
3 year -0.34 2.92 2.58
5 year 0.13 3.19 3.33
10 year 0.35 4.12 4.47

Unit Prices as at 29/10/2020

View price history


Frequency Quarterly
Cents per Unit 0.544
Reinvestment Price 0.965
View distributions history

Fund Commencement Date

October 2005

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Cash and fixed income

  • Suggested Length

    3 years or longer

Investment Objective

To provide regular income and consistent returns by investing in a diversified range of income generating assets. To outperform the Bloomberg AusBond Bank Bill Index over rolling three year periods before fees and taxes.

Investment Approach

Perpetual's approach to delivering returns and managing risk is through an active and risk aware investment process which invests in a diversified core portfolio of liquid investment grade securities. Perpetual believes these assets provide investors with protection in times of market stress. When the environment is supportive Perpetual seeks to enhance returns by taking more risk whether that be in maturity, credit rating, subordination or gearing. The Fund can also invest in alternative income generating securities such as mortgages, infrastructure debt and private debt. This approach to portfolio construction is Perpetual's preferred method to deliver investors the highest possible risk adjusted returns.
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


Entry Nil
Exit Nil
Management Fee (p.a.) 0.59%. Refer to PDS for Management Costs
Buy / Sell Spread 0.1% / 0.1%

Investment Guidelines

Investment grade securities 75 - 100%
Sub-investment grade and non rated securities 0 - 25%
Gearing level (of the fund’s net asset value) 0 - 25%


March 31, June 30, September 30, December 31

How to Invest

  1. 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

    Find out more about Perpetual Wholesale Funds

  2. 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


    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.

  3. If you are an institutional investor


    Please contact one of our institutional relationship managers or phone 1800 110 941. 

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.

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.