Wholesale Funds Updates

Product Disclosure

PRODUCT DISCLOSURE STATEMENT (PDS)

Product Disclosure Statement 

 

The following documents form part of the PDS:

Details of latest transaction costs and current buy/sell spreads for each Fund

Additional information about certain ‘complex’ funds

Perpetual Wholesale SHARE-PLUS Long-Short Fund

Perpetual Wholesale Diversified Real Return Fund

 

Updates to PDS

We may update the information in the PDS by issuing a supplementary PDS, which will be included with the PDS above (if applicable). We may update the PDS with changes that are not materially adverse via disclosure on our website. This information can be found in the section below. Any updates should be read together with the main PDS document above.

 

Other documents

Management costs for previous financial year ended 30 June 2019

Direct Debit Request Service Agreement

Online Account Access conditions of use

Our privacy policy

Full holdings disclosure for ‘ethical’ funds

Perpetual Wholesale Ethical SRI Fund

Perpetual Wholesale Ethical SRI Credit Fund

 

Continuous Disclosure and other important information

Updates and significant events

In this section, you can find updates to the PDS, significant events and continuous disclosure where we are required to provide you this information.

Any updates should be read together with the main PDS document above.

 

NOTICE DATE SUMMARY OF EVENT IMPACT FURTHER INFORMATION
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
  • Debt to Equity, 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
9 September 2019
PDS Update: Transaction Cost document updated

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

See attached flyer

13 May 2019
Clarification

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

1 March 2019
Supplementary PDS

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

30 January 2019
The investment profile of the Wholesale Split Growth Fund will be updated from 1 March

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

15 October 2018
Change to external dispute resolution (EDR) scheme

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

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

5 June 2018
Notice to New Zealand Investors

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

 

1 June 2018
New PDS document issued

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

1 June 2018
Notice to New Zealand Investors

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

 

17 May 2018
Changes to Perpetual Wholesale Diversified Real Return Fund

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

23 April 2018
Standard Risk Measure (SRM)

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

See attached flyer

12 February 2018
Closure to New Investors

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.

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
12 December 2017
Closure to New Investors

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

See attached flyer
20 November 2017
Features Available

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

Refer to the PDS for details about these features.
23 October 2017
Supplementary 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.

See attached flyer
23 October 2017
Notice to New Zealand investors

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


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.
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 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.
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
4 May 2017 Notice to New Zealand investors The Perpetual Wholesale Active Fixed Interest Fund is now available to New Zealand Investors.
1 May 2017 New PDS document issued Fees and costs disclosure for all investors Information on AMIT Regime for all investors Perpetual Wholesale Dynamic Fixed Income Fund management fee reduction. Amendments to the Fund profiles of particular funds. See attached flyer
31 March 2017 Notice to New Zealand investors The Perpetual Wholesale Active Fixed Interest Fund is not available to New Zealand Investors.
29 March 2017 Buy/Sell spread Change The Buy/Sell Spread for the Perpetual Wholesale Global Share Fund and Perpetual Wholesale Global Share Fund Hedged has been amended. See attached flyer
1 March 2017 Standard Risk Measure (SRM) Changes The SRM for a selection of Perpetual Funds has been amended See attached flyer
16 May 2016 Fund Profile change and Investment guidelines change The Fund profile and Investment guidelines for the Perpetual Wholesale Industrial Share Fund has changed. See attached flyer
12 May 2016 Standard Risk Measure (SRM) The SRM for the Perpetual Wholesale Diversified Growth Fund has been amended. See attached flyer
11 February 2016 Buy/Sell spread Change The Buy/Sell Spread for the Perpetual Wholesale Dynamic Fixed Income Fund has been amended. See attached flyer
30 September 2015 Investment guidelines change The Investment Guidelines have been amended for the Conservative Growth Fund. See attached flyer
1 April 2015 Amendment to the legal name (Registered managed investment scheme) The registered managed investment scheme name has changed for a selection of Perpetual Funds. See attached flyer
26 September 2014 Change in benchmark names Rebranding of relevant UBS indexes to Bloomberg Ausbond Bank Bill Index and Bloomberg AusBond Composite Index. See attached flyer
27 March 2014 Investment guidelines change The Fund’s Investment Guidelines have been modified for the Industrial Share Fund See attached flyer



30 APRIL 2017 DISTRIBUTION CALCULATIONS

Fund Distribution Calculations 30 April 2017