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
-
QUALITY FLOATING RATE INVESTMENTS CAN HELP TO PROTECT PORTFOLIOS FROM INFLATION
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.
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 Diversified Income Fund
Pricing & Performance
Performance as at 31/01/2021
Returns as at 31/01/2021
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 0.38 | -- | 0.38 |
| 3 month | 0.55 | 1.26 | 1.80 |
| 6 month | 1.32 | 1.84 | 3.17 |
| 1 year | 0.49 | 2.25 | 2.75 |
| 3 year | -0.25 | 2.99 | 2.74 |
| 5 year | 0.31 | 3.33 | 3.64 |
| 10 year | 0.38 | 4.08 | 4.46 |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 1.216 |
| Reinvestment Price | 0.973 |
Fund Commencement Date
| October 2005 |
Fund Profile
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 | $100 |
| Minimum Additional Investment | $2,000 |
Fees
| 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% |
Distribution
| Quarterly |
| March 31, June 30, September 30, December 31 |
How to Invest
-
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.
-
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.
-
If you are an institutional investor
Please contact one of our institutional relationship managers or phone 1800 110 941.
Got a question?