The Perpetual Industrial Share Fund is an actively managed portfolio of quality industrial shares. The Fund 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. We assess the quality of a business by looking at a company’s products, positioning and brands; its sources of competitive advantage; the barriers to entry in its market and any issues that that may influence the company’s future performance.
We only invest in a company when we believe its share price is attractive relative to its return potential. Perpetual seeks to hold positions for the long term, provided that the quality of the business remains unchanged and the price remains attractive.
As an ‘industrials only’ fund, we invest in sectors such as banking, telecommunications, tourism, building and engineering. Typically, industrial shares have historically provided lower volatility than resource shares – helping to provide a smoother ride and protect capital.
Features and Benefits
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A true to label industrial share fund
The Fund invests only in quality industrial shares. We believe industrial shares are generally more reliable and less volatile than resource shares as they are less influenced by commodity prices.
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Enviable long-term performance across market cycles
The Fund has been investing in industrial shares for nearly five decades - making it one of the most enduring managed funds in Australia.
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Expert investment management
The Fund is managed by one of Australia’s largest and most experienced equity teams. The team conducts more than 1,000 company meetings or calls each year to help identify quality companies.
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Quality Investments
Our rigorous screening process has helped to create a high quality portfolio, which has delivered strong capital growth and franked dividends over decades.
The Case for Industrial Shares
Take a deep dive into investing in industrial shares in Australia with the below flyer.
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 Industrial Share Fund
Pricing & Performance
Performance as at 31/01/2020
Returns as at 31/01/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | 3.79 | -- | 3.79 |
| 3 month | 1.04 | 1.35 | 2.38 |
| 6 month | 1.82 | 1.63 | 3.45 |
| 1 year | 12.48 | 5.10 | 17.58 |
| 3 year | 1.78 | 5.08 | 6.86 |
| 5 year | -3.74 | 9.19 | 5.45 |
| 10 year | -0.80 | 9.80 | 9.00 |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 1.764 |
| Reinvestment Price | 1.322 |
Fund Commencement Date
| December 1996 |
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
Aims to: provide long-term capital growth and regular income through investment predominantly in quality Australian industrial shares; and outperform the S&P/ASX 300 Industrials 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 Fund may have up to 10% exposure to investments in international shares.
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.) | 0.99%. Refer to PDS for Management Costs. |
| Buy / Sell Spread | 0.3% / Nil |
Investment Guidelines
| Cash | 0 - 10% |
| Industrial Shares | 90 - 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
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 Aboud
Portfolio Manager
Industrial Shares (50%), SHARE-PLUS Long-Short, AnalystBEc, CFAYears of experience: 20
Years at Perpetual: 7
Anthony is the Portfolio Manager - Industrial Shares (50%), SHARE-PLUS Long-Short and an Analyst.
Anthony has been with Perpetual for 6 years. Prior to joining Perpetual, he worked at Ellerston Capital for two years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund. Before that, he spent 3 years as an analyst working on a long/short strategy. Prior to joining Ellerston Capital, Anthony worked as an Analyst at UBS Investment Bank for 8 years.
Anthony has a Bachelor of Economics from the University of Sydney and has earned the right to use the Chartered Financial Analyst designation.
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Anthony Cay
Portfolio Manager
Income Share, Industrial Share (50%), AnalystBEc, CFAYears of experience: 23
Years at Perpetual: 23
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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Awards and recognition
