PERPETUAL WHOLESALE GEARED AUSTRALIAN SHARE FUND

The Perpetual Geared Australian Share Fund is an actively managed portfolio offering higher potential returns through gearing (borrowing within the fund). With broad market exposure, it aims to provide long-term capital growth and regular income.

At Perpetual, we seek quality companies with sound management, conservative debt levels, recurring earnings and a quality business model. We only invest in a company when we believe its share price is attractive relative to its return potential.

While all geared investments increase the impact of volatility, the geared fund’s benefits include: no margin calls, no credit checks and no need for collateral or assets as security.

More about this fund

Download fund factsheet

Features and Benefits

  • Proven value-investing approach

    We invest in quality companies that are undervalued, believing this approach can generate good long-term returns.

  • Borrowing to boost potential returns

    The return potential of investment in Australian shares is boosted by gearing (borrowing) with the Fund.

  • Depth of research

    The equity team conducts more than 1,000 company meetings or calls per year. This bottom-up research is a key component of stock selection.

  • Experienced team

    The Fund is managed by one of Australia’s largest and most experienced equity teams.

Perpetual Wholesale Geared Australian Share Fund

Pricing & Performance

Performance as at 31/05/2021

Returns as at 31/05/2021

  Growth % Distribution % Total %
1 month 5.34 -- 5.34
3 month 24.89 -- 24.89
6 month 35.83 1.31 37.14
1 year 81.01 11.47 92.48
3 year -1.47 12.66 11.19
5 year -0.12 10.34 10.22
10 year -0.85 12.20 11.36

Unit Prices as at 11/06/2021

Entry
2.312
Exit
2.295
View price history

Distributions

Frequency Half Yearly
Cents per Unit 1.591
Reinvestment Price 1.654
View distributions history

Fund Commencement Date

March 2003

Fund Profile

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Australian shares

  • Suggested Length

    7 years or longer

Investment Objective

Aims to: enhance long-term capital growth through borrowing (gearing) to invest predominantly in quality Australian industrial and resource shares; and outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.

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 gearing level of the Fund must be kept within pre-determined guidelines. Within these, Perpetual aims to ensure that the gearing level is maximised, subject to the cost of borrowing being adequately covered by net income.
The Fund may have up to 20% exposure to investments in international shares.
Derivatives may be used in managing the Fund, including for gearing purposes.

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.) 1.17%. Refer to PDS for Management Costs. *
Buy / Sell Spread 0.375% / 0.375%
*If the average gearing level is 50%, the ongoing fee will be 2.34% of net asset value. If the average gearing level over the year is higher than 50%, the ongoing fee will be higher than 2.34%.

Investment Guidelines

Australian shares 90 - 100%
Cash 0 - 10%
Gearing level 0 - 60%

Distribution

Half Yearly
June 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

    Individual Investors

    Financial Advisers

     

    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.

    Downloads

  3. If you are an institutional investor

     

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

    Got a question?

    Institutional Sales Team

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.