WealthFocus Investment Funds Updates

Continuous Disclosure and Important Information

PRODUCT DISCLOSURE STATEMENT (PDS)

Download PDS

INFORMATION INCORPORATED BY REFERENCE INTO THE PDS

The following incorporated information form part of the PDS:

Transaction costs and buy sell spreads 

Other Documents

Management costs for financial year ended 30 June 2018
Direct Debit Request Service Agreement
Online Account Access conditions of use
New Zealand Notice

Privacy policy

Our privacy policy

Perpetual’s Privacy Policy has been updated as of March 2016 to include information about how you may access and seek correction of personal information held by us, make a complaint to us if you have concerns about how we have handled your personal information, how we will deal with such complaints and whether we may disclose personal information to overseas recipients.

Continuous Disclosure

The APIR codes for each Fund:

  • Perpetual Diversified Income Fund - PER0284AU
  • Perpetual Industrial Share Fund - PER0011AU
  • Perpetual International Share Fund - PER0031AU

 

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

Effective from 8 October 2019, Perpetual WealthFocus Investment 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.

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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
11 September 2019

Management Costs - Figures for FY 2019

The Management Costs for the Fund/s 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 flyer attached

1 March 2019

PDS update

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in the WealthFocus Investment Funds including:
- fees and costs information
- external dispute resolution

Further information in respect of the above is set out in this summary.

For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.

1 March 2019

PDS update

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in the WealthFocus Investment Funds including:
- fees and costs information
- external dispute resolution

Further information in respect of the above is set out in this summary.

For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.

17 September 2018

Management Costs - Figures for FY 2018

The Management Costs for the Fund/s 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 flyer attached

4 September 2018

The investment manager Aberdeen Asset Management Limited, has changed its name to Aberdeen Standard Investments Australia Limited.

Refer to PDS - Investment Book dated 1 May 2017 page 14 and Perpetual WealthFocus Investment Manager Information flyer page 1.

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3 September 2018

Change to the external dispute resolution (EDR) scheme to which you can refer complaints that remain unresolved after having dealt with our internal complaints process. From 1 November 2018, any external complaints should be referred to the Australian Financial Complaints Authority (AFCA). Please refer to the attached flyer for contact details.

Refer to PDS - dated 1 May 2017 page 23.

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1 June 2018

The investment guidelines for the Perpetual Diversified Income Investment Option has been updated:
Old - Cash and investment grade securities (0-100%)
New - Cash and investment grade securities (75-100%)

Refer to PDS dated 1 May 2017 page 6.

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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
1 November 2017

PDS Update: Management Costs information                                                     

In this update we replace information in the PDS on management costs to:                       

• consolidate the prior fee update on 3 July 2017 and 31 August 2017, and
• update the estimated indirect costs in investment options.                                                                         

Generally the management costs information has been updated due to movements in indirect costs.  

The information in the PDS and Features Book on management costs is replaced by the information in the attached flyer.

Refer to the attached flyer.

For full details on fees and costs read the PDS together with this update.     

9 October 2017

Management Costs – Figures for FY 2017

The Management Costs for the Fund/s 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 flyer attached
9 October 2017
PDS Update: Transaction Cost document updated

This incorporated document has been replaced with 30 June 2017 information now available.

See document attached

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.
5 September 2017 Final payment for APN Unlisted Property and Australian Unity Mortgage Income Funds was made effective 27 March 2017 and 12 April 2017 respectively. 
The APN Unlisted Property Fund and the Australian Unity Mortgage Income Fund were originally expected to be terminated on 15 May 2017 and 10 June 2017 respectively. Both of the investment options were finally terminated as at 30 June 2017.
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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
1 May 2017 PDS update The replacement WealthFocus PDS has been issued.  It contains updated information in relation to your investment in the WealthFocus Investment Funds including:                                    
- fees  and costs information following changes to ASIC Class Order [CO 14/1252].  The information on indirect costs and other costs have been updated in line with those changes                                                              
-  Tax changes
-  Funds
Further information in respect of the above is set out in this letter.
For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.
13 April 2017 Final payment for Australian Unity Mortgage Income Fund was made effective 12 April  2017. Payment was made into your nominated bank account or in  accordance with your previous instruction. The Australian Unity Mortgage Income Fund (registered as Perpetual Fund 57 ARSN 128 338 965) will terminate on 10 June 2017. Refer to attached flyer.
4 April 2017 Final payment for APN Unlisted Property Fund was made effective 27 March 2017. Payment was made into your nominated bank account or in  accordance with your previous instruction. The APN Unlisted Property Fund (registered as Perpetual’s Fund 4 ARSN 106 135 424) will terminate on 15 May 2017. Refer attached flyer.
16 May 2016 The Perpetual Industrial Share Investment Option changes include:                                                                                        

1. Investment Objectives

                    
Replace as follows:                                                        
Aims to provide long-term capital growth and regular income through investment in quality industrial shares. The fund aims to outperform the S&P/ASX 300 Industrials Accumulation Index (before fees and taxes) over rolling three-year periods.                                

2. Investment Guidelines 
Replace as follows:                                                        
Industrial Shares*  90-100%
Cash 0-10%    

*The underlying fund invests primarily in shares listed on or proposed to be listed on any recognised Australian exchange but may have up to 10% exposure to shares listed on or proposed to be listed on any recognised global exchange. Currency hedges may be used from time to time.
Refer to the PDS dated 17 April 2015 page 8.

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8 January 2016

Change to the Australian Unity Mortgage Income investment option unit price.

Clients with holdings in this investment option.

View attached

1 October 2015

The standard risk measure for the Perpetual Global Share Fund has increased from 6 – High to 7 – Very high.

Clients with holdings in this Fund.

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