The Dynamic Fixed Income Fund is a diversified portfolio of quality fixed income investments. The Fund is an absolute return fund that seeks to provide investors with a regular income and consistent returns.
The Fund actively invests in fixed and floating rate, credit and government securities. We seek to take advantage of credit and interest rate opportunities and believe that this flexibility can help the Fund achieve stable returns.
The Fund has a strategic interest rate risk (duration) exposure. We seek to make tactical adjustments to duration risk to reflect our interest rate views. We believe that tactical shifts to duration tend to be most effective during periods of extreme market movement.
The Fund is actively managed by an experienced team that has invested together for over a decade, using an investment approach that seeks to identify quality credit investments while actively managing duration.
Features and Benefits
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Actively managed credit risk
We actively manage credit risk by picking the most attractive company debt. Our analysis takes into consideration liquidity premium, maturity, ratings and relative valuations.
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ACTIVELY MANAGED INTEREST RATE RISK
We set a strategic duration level, which is lower than most traditional bond benchmarks, which helps capital stability. We actively manage duration around the strategic level.
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Good quality investments
The Fund invests mainly in investment-grade assets. Even during periods of market stress, our investments typically remain tradeable, providing liquidity and regular distributions to investors.
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RISK AWARE INVESTMENT APPROACH
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 Dynamic Fixed Income Fund
Pricing & Performance
Performance as at 29/02/2020
Returns as at 29/02/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 0.10 | -- | 0.10 |
| 3 month | -- | 0.63 | 0.63 |
| 6 month | -0.23 | 1.37 | 1.15 |
| 1 year | 1.47 | 4.05 | 5.52 |
| 3 year | 0.47 | 3.49 | 3.95 |
| 5 year | 0.07 | 3.52 | 3.59 |
| 10 year | -- | -- | -- |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 0.653 |
| Reinvestment Price | 1.032 |
Fund Commencement Date
| November 2010 |
Fund Profile
Details & Fees
About this fund
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Fund Manager
Perpetual Investment Management Limited
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Asset Class
Cash and fixed income
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Suggested Length
3 years or longer
Investment Objective
Aims to provide: capital stability and regular income by investing in a diversified range of income generating assets; and a positive return (before fees and taxes) irrespective of market conditions over rolling three-year periods.
Investment Approach
Perpetual aims to achieve the objective by:
-investing in both Australian and international fixed income assets.
-Actively managing the credit risk through:
-diversifying the fund among different securities issued by various borrowers
-actively managing for changes in market-wide and security-specific credit margins
-identifying and investing in relative value within the universe of credit securities
-Managing duration risk by considering a variety of factors, including valuations and current market conditions.
Currency hedges may be used from time to time.
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.) | 0.55%. Refer to PDS for Management Costs. |
| Buy / Sell Spread | 0.1% / 1.15% |
Investment Guidelines
| Investment grade securities | 75 - 100% |
| Sub-investment grade and non rated securities | 0 - 25% |
Distribution
| Quarterly |
| March 31, June 30, September 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?