Perpetual Wholesale Income Share Fund
The Perpetual Income Share Fund offers exposure to a tax-effective income yield, as well as capital gains. The fund aims to produce dividend yields in excess of the S&P/ASX 200 Accumulation Index.
The Perpetual investing team has a long-term focus with quality filters based around sound management, conservative debt levels, recurring earnings and a quality business model.
Features and Benefits
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Tax-effective income stream
Targeted stock selection focuses on owning quality stocks that deliver tax-effective income and some capital gains.
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Long-term income
Shares that generate tax-effective income can be an effective tool for generating long-term income growth.
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In-depth research
Perpetual’s team of analysts is one of the largest in the market, helping portfolio managers to balance income, growth and quality considerations.
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Proven process
Perpetual has been using a value investing process for over 50 years.
Perpetual Wholesale Income Share Fund
Pricing & Performance
Performance as at 31/07/2019
Returns as at 31/07/2019
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 2.58 | -- | 2.58 |
| 3 month | 3.95 | 1.47 | 5.43 |
| 6 month | 12.72 | 2.49 | 15.21 |
| 1 year | 0.44 | 6.14 | 6.58 |
| 3 year | -0.32 | 7.10 | 6.78 |
| 5 year | -1.92 | 10.21 | 8.29 |
| 10 year | 2.90 | 7.81 | 10.72 |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 1.727 |
| Reinvestment Price | 1.218 |
Fund Commencement Date
| October 1993 |
Fund Profile
Details & Fees
About this fund
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Fund Manager
Perpetual Investment Management Limited
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Asset Class
Australian shares
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Suggested Length
5 years or longer
Investment Objective
The Fund aims to provide investors with: - exposure to a diversified portfolio of tax-effective high income yielding Australian securities that are also expected to produce some long-term capital growth - above market dividend yield as measured by the S&P/ASX 200 Accumulation Index and capital growth over the long term through investment in quality shares.
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
- in the case of industrial shares, recurring earnings.
Derivatives may be used in managing the Fund.
Perpetual was appointed as Fund Manager effective 28 July 2014. The previous Fund Manager invested under a different investment strategy using a different investment approach. Therefore performance information before 28 July 2014 is not directly comparable.
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.) | 0.99%. Refer to PDS for Management Costs. |
| Buy / Sell Spread | 0.15% / 0.15% |
Investment Guidelines
| Australian shares | 90 - 100% |
| Cash | 0 - 20% |
| Fixed income | 0 - 100% |
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
Paper Application Form
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?
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Anthony Cay
Portfolio Manager
Income Share, Industrial Share (50%), AnalystBEc, CFAYears of experience: 22
Years at Perpetual: 22
Anthony is the Portfolio Manager of the Income Share strategy and 50% of the Industrial Share strategy.
Anthony first joined Perpetual in December 1996 as a Trust Officer in the Perpetual Private division. From 1998 to 2003, he then worked as a Quantitative Analyst, running Perpetual’s indexed REIT funds. In 2003, Anthony transferred into the Equities team as an Analyst, where he covered small caps, REITs and retailers.
In 2006 Anthony was promoted to co-fund manager of Perpetual Investments' REIT (Property Securities and Property Income) funds. He became the sole portfolio manager for these funds from 2008 until their termination in May 2013. Anthony returned to covering multiple sectors in the Australian share market before taking on portfolio management responsibility for the Income Share strategy in August 2014 and co-portfolio management responsibility for the Industrial Share strategy in March 2015.
Anthony has a Bachelor of Economics from Macquarie University and is a CFA Charter holder.
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