Wholesale Funds Updates

Updates to various disclosures. Amendments to the Fund profiles of particular funds. Updates to the Management Costs, Asset Class Classifications and additional Tax Information.

Effective on and from 8 November 2019, we have opened the Perpetual Wholesale SHARE-PLUS Long-Short Fund to new investors.  As such, the footnote on page 5 of the application form attached to the Perpetual Wholesale Funds PDS issue number 11 dated 1 June 2018 is deleted.  

Please contact us on 1800 022 033 for further information

Effective from 10 October 2019, Perpetual Wholesale 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

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.

This incorporated document has been replaced with 30 June 2019 information now available.

See attached flyer

In the Perpetual Wholesale Funds Supplementary Product Disclosure Statement number 1 dated 1 March 2019, the investment approach for each of the Perpetual Wholesale Conservative Growth Fund, Perpetual Wholesale Diversified Growth Fund, Perpetual Diversified Real Return Fund and Perpetual Wholesale Balanced Growth Fund includes the sentence "Exposures to foreign currency will be limited to 50% of the gross asset value of the Fund.". For avoidance of doubt, this sentence should be read as “Net foreign currency exposure will be limited to 50% of the gross asset value of the Fund.”

Not Applicable

There are updated fund profiles for

• Perpetual Wholesale Active Fixed Interest
• Perpetual Wholesale Share-Plus Long-Short Fund
• Perpetual Wholesale Growth Fund
• Perpetual Wholesale Diversified Growth Fund
• Perpetual Wholesale Balanced Growth Fund
• Perpetual Diversified Real Return Fund (W and Z units)
• Perpetual Wholesale Split Growth Fund

We have also updated the PDS for AFCA details.

See flyer for more details

From 1 November 2018, there will be a change to the EDR scheme which unresolved complaints can be referred to.
Effective 1 March 2019, the investment profile of the Wholesale Split Growth Fund will be updated to include the following information in the ‘investment approach’: Derivatives and exchange traded funds may be used in managing each asset class.

The asset allocation will be updated to:
International shares and Australian Industrial Shares: 80-100%
Cash: 0-20%

Not Applicable

From 1 November 2018, there will be a change to the EDR scheme which unresolved complaints can be referred to.

See attached flyer

This incorporated document has been replaced with 30 June 2018 information now available.

See attached flyer

The Perpetual Global Innovation Share Fund and Perpetual Ethical SRI Credit Fund are now available to New Zealand investors.

Additional funds and unit class added. Updates to various disclosures and additional regulatory information added. Additional risks clarified. Amendments to the Fund profiles of particular funds.

See attached flyer

The Perpetual Global Innovation Share Fund and Perpetual Ethical SRI Credit Fund are not available to New Zealand Investors.

The constitution of the Fund has been amended to allow new unit classes established after 1 January 2018 to charge a performance fee. With effect from 1 June 2018 the marketing name of the Fund will change, a new unit class which charges a performance fee will be offered and there will be additional disclosure to comply with RG240.

See attached flyer

The SRM for the Perpetual Wholesale Active Fixed Interest Fund and Perpetual Wholesale Global Share Fund Hedged has been amended.

See attached flyer

Effective 12 February 2018, we have closed the Perpetual Wholesale SHARE-PLUS Long-Short Fund to new investors until further written notice.

Existing investors can continue to make additional investments.

We will be closing the Perpetual Wholesale SHARE-PLUS Long-Short Fund to new investors on 12 February 2018

Perpetual Wholesale Income Share Fund clients can now access Savings Plans and Switches between Funds in the Wholesale Funds PDS.

Perpetual Wholesale High Grade Treasury Fund has been added to the group of Funds offered in the PDS.

Relevant tax-related disclosures have been updated following our election into the Attribution Managed Investment Trust (AMIT) regime for each Fund for the 2017/2018 and subsequent financial years.

An updated application form has been provided to replace the original application form included in the PDS.

The Perpetual Wholesale High Grade Treasury Fund is not available to New Zealand Investors.