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

  • Tax-effective income stream

    Targeted stock selection focuses on owning quality stocks that deliver tax-effective income and some capital gains.

  • Long-term income

    Shares that generate tax-effective income can be an effective tool for generating long-term income growth.

  • 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.

  • Proven process

    Perpetual has been using a value investing process for over 50 years.

Perpetual Wholesale Income Share Fund

Pricing & Performance

Performance as at 30/04/2022

Returns as at 30/04/2022

  Growth % Distribution % Total %
1 month -0.73 -- -0.73
3 month 5.15 1.54 6.70
6 month 2.48 2.85 5.33
1 year 6.36 5.31 11.66
3 year 4.76 3.87 8.63
5 year 0.85 5.66 6.51
10 year 2.94 7.36 10.30

Unit Prices as at 19/05/2022

View price history


Frequency Quarterly
Cents per Unit 2.040
Reinvestment Price 1.392
View distributions history

Fund Commencement Date

May 2014

Target Market Determination (TMD)

Details & Fees

About this fund

  • Fund Manager

    Perpetual Investment Management Limited

  • Asset Class

    Australian shares

  • Suggested Length

    5 years or longer

Investment Objective

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. To provide above market dividend yield as measured by the S&P/ASX 200 Accumulation Index.

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.

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 Nil
Minimum Additional Investment $2,000


Entry 0
Exit 0
Management Fee (p.a.) 0.99%. Refer to PDS for Management Costs.
Buy / Sell Spread 0.12% / 0.12%

Investment Guidelines

Cash 0 - 20%
Australian shares and fixed income securities 80 - 100%


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.