Perpetual Pure Series Funds

CONTINUOUS DISCLOSURE AND IMPORTANT INFORMATION

PRODUCT DISCLOSURE STATEMENT (PDS)

The Perpetual Pure Series Funds Product Disclosure Statement Issue Number 3 dated 1 November 2018 (PDS) contains detailed information about the Perpetual Pure Equity Alpha Fund, Perpetual Pure Microcap Fund and Perpetual Pure Value Share Fund including benefits, risks, fees and charges.

Download PDS 

PRODUCT INFORMATION INCORPORATED BY REFERENCE

The PDS refers to other information relevant to the product (information which is ‘incorporated by reference’). This incorporated information below forms part of the PDS and should be read together with the main PDS document above.

Transactional and operational costs and buy/sell spreads

OTHER DOCUMENTS

Direct debit request service agreement which must be read prior to completing direct debit authorisation. 
Online account access conditions of use

PRIVACY POLICY

Our privacy policy

PRODUCT UPDATES

We may update the PDS with changes that are not materially adverse via disclosure on our website. Any updates should be read together with the main PDS document above.

Perpetual PURE Equity Alpha fund

Approved counterparties for over-the-counter derivatives

The following counterparties are currently approved by Perpetual for any over-the-counter derivatives used in managing the Fund:

  • Commonwealth Bank of Australia (CBA)
  • National Australia Bank Limited (NAB)
  • Australia and New Zealand Banking Group Limited (ANZ)
  • Westpac Banking Corporation (Westpac)
  • Macquarie Bank Limited (Macquarie)
  • UBS AG (UBS)
  • State Street Bank and Trust Company (State Street).
 

CONTINUOUS DISCLOSURE

The following information does not form part of the PDS but is required by law to be disclosed.

 

Notice date Nature of change Impact of change Further information
10 October 2019
PDS Update: Accepting changes to bank account details by email

Effective from 10 October 2019, Perpetual Pure Series Funds will also accept changes to your bank account details by email.

All changes to your bank account details must be made in writing. The instruction must be signed and sent to us by mail or scanned attachment to email.

You are able to use the change of instructions form to make changes.

N/A

18 September 2019 Incorrect ‘Portfolio Fundamentals’ Data on Fund Profiles

The 'Portfolio Fundamentals' section of some Fund Profiles previously contained inaccurate figures for:

  • Price to Earnings
  • Price to Book, and
  • Dividend Yield

for the period of May 2018 – June 2019.

The Portfolio Fundamentals are an estimate of forward-looking metrics. These figures are compiled by Perpetual for the purposes of providing additional information to investors to illustrate Perpetual’s quality and value investment process in action.

The figures were incorrect as a result of a data error relating to a corporate action on a single security.  This error has since been corrected.

The corrected information can be found in the flyer.

The ‘Portfolio Fundamentals’ will be found in Fund Profiles in due course.

List of impacted funds and additional information
3 September 2019 Management Costs - Figures for FY 2019 The Management Costs for the Funds, including estimated indirect costs, for the year ended 30 June 2019 is attached. This is additional information to help investors understand fees and costs on a year by year basis. This information does not update the PDS. See attached flyer
3 September 2019 PDS Update: Transaction Cost document updated This incorporated document has been replaced with 30 June 2019 information now available. See attached flyer
15 April 2019 PDS Update: Transaction Cost document updated This incorporated document has been replaced. The buy/sell spread information for the Perpetual Pure Microcap has been updated. See attached flyer
1 November 2018 New PDS document issued We have updated cost disclosure for 20 June 2018, clarified additional risks and updated details of our external dispute resolution (EDR) scheme. See attached flyer
17 September 2018
Management Costs - Figures for FY 2018 The Management Costs for the Funds, including estimated indirect costs, for the year ended 30 June 2018 is attached. This is additional information to help investors understand fees and costs on a year by year basis. This information does not update the PDS. See attached flyer
17 September 2018
PDS Update: Transaction Cost document updated This incorporated document has been replaced with 30 June 2018 information now available. See attached flyer
12 April 2018
Update to Savings plan feature We have extended the savings plan feature to the Pure Value Share Fund. For Further details on this feature, please refer to page 18 of the PDS.
20 December 2017
Update to inquiries and complaints We have updated our procedures to now be able to receive complaints relating to your investment irrespective of whether you invest directly with Perpetual or invest via a platform. See attached flyer
17 October 2017
Acceptance of Applications

Perpetual Pure Value Share Fund is now accepting applications.

Perpetual Pure Equity Alpha Fund is now accepting applications. 

Perpetual Pure Microcap Fund remains soft closed for new applications.

Please contact us on 1800 022 033 for further information
9 October 2017
Management Costs - Figures for FY 2017

The Management Costs for the Funds, including estimated indirect costs, for the year ended 30 June 2017 is attached.

This is additional information to help investors understand fees and costs on a year by year basis. 

This information does not update the PDS.

See attached flyer
9 October 2017
PDS Update: Transaction Cost document updated
This incorporated document has been replaced with 30 June 2017 information now available.
See attached flyer
29 September 2017
AMIT Regime Perpetual has elected into the Attribution Managed Investment Trust (AMIT) Regime for the year ending 30 June 2018 and subsequent years.
26 June 2017
Changes to the Constitution of the Fund/s Perpetual has made changes to the constitutions for our Funds to allow them to be operated as Attribution Managed Investment Trusts. These changes will apply only from the time an election is made by Perpetual to adopt the AMIT regime for the relevant Fund. We will provide notification on the website if/when this election occurs.
31 May 2017 Fund Distribution Calculations
The Fund Distribution calculations as at 30 April 2017. The actual distributions payable as at 30 June 2017 may vary significantly depending on a number of factors including fund performance in May and June 2017.
See attached flyer
26 May 2017
Proposed Changes to the Constitution of the Fund/s Perpetual is proposing making changes to the constitutions for our Funds to allow them to be operated as Attribution Managed Investment Trusts. See attached flyer