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.

Delivered by a team of trusted experts – the true pioneers of Australian credit – Perpetual’s Diversified Income Fund is always actively hunting for new opportunities to generate consistent income, but never losing focus on our central goals to protect investors capital.

Features and Benefits

  • True pioneers in Australian credit

    Perpetual’s highly regarded senior portfolio management team have been investing together for nearly two decades

  • Active, nimble, and opportunistic

    A strategy that is always on the hunt for returns, rotating the portfolio across sectors, issuers, and individual credits

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    A measured approach to risk taking

    Defensive, risk aware investment process, focused on protecting in times of market stress whilst delivering repeatable returns

  • Protection against rising rates

    A diverse portfolio of floating rate bonds with limited exposure to interest rate risk

Fund Resources


From partying hard to doing the hard yards

Market returns across most asset classes have been supercharged since the lows of March 2020, spurred by accommodative monetary policy, stimulatory fiscal policy and an improving global economic outlook. What has this all meant for Perpetual’s Diversified Income Fund?

Vivek Prabhu

Meet Vivek Prabhu, Head of Fixed Income and Portfolio Manager of the Diversified Fixed Income Fund.


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 30/04/2022

Returns as at 30/04/2022

  Growth % Distribution % Total %
1 month -0.33 -- -0.33
3 month -1.08 0.12 -0.97
6 month -1.25 0.30 -0.94
1 year -2.49 2.04 -0.45
3 year -0.44 2.51 2.07
5 year -0.39 2.94 2.55
10 year 0.17 3.59 3.76

Unit Prices as at 19/05/2022

View price history


Frequency Quarterly
Cents per Unit 0.114
Reinvestment Price 0.960
View distributions history

Fund Commencement Date

October 2005

Target Market Determination (TMD)

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

Aims to provide regular income and consistent returns above the Bloomberg AusBond Bank Bill Index (before fees and taxes) over rolling three-year periods by investing in a diverse range of income generating assets.

Investment Approach

The Fund'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 Nil
Minimum Additional Investment $2,000


Entry 0
Exit 0
Management Fee (p.a.) 0.59%. Refer to PDS for Management Costs
Buy / Sell Spread 0.1% / 0.1%

Investment Guidelines

Sub-investment grade and non rated securities 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 for Perpetual Wholesale Funds

    Continuous disclosure and updates for Perpetual Pure Series Funds

    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

    Apply for Perpetual Wholesale funds


    Apply for Perpetual Pure series funds


    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.

  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. 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.

Meet the Team