Perpetual Pure Credit Alpha Fund Class W
This fund is available to Investors with a minimum investment of $100,000.
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Perpetual Pure Credit Alpha Fund Class W
Pricing & Performance
Performance as at 29/02/2020
Returns as at 29/02/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | -0.04 | -- | -0.04 |
| 3 month | -0.56 | 1.41 | 0.85 |
| 6 month | -0.72 | 2.50 | 1.78 |
| 1 year | 1.67 | 3.07 | 4.73 |
| 3 year | 0.98 | 3.50 | 4.47 |
| 5 year | 2.13 | 2.73 | 4.86 |
| 10 year | -- | -- | -- |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 2.040 |
| Reinvestment Price | 1.438 |
Fund Commencement Date
| March 2012 |
Fund Profile
Details & Fees
About this fund
-
Fund Manager
Perpetual Investment Management Limited
-
Asset Class
Cash and fixed income
-
Suggested Length
3 years or longer
Investment Objective
Aims to provide investors with a positive return above cash rate over rolling three-year periods (before fees and taxes) by primarily investing in and actively trading fixed income securities and related derivatives.
Investment Approach
Perpetual aims to achieve the above objective by utilising an active and risk aware
investment process that leverages the full use of the Perpetual Credit team's experience.
The strategy will allow the team discretion to invest in areas of the market or a company's
capital structure where they see relative value. The portfolio will be diversified, taking
into account changes in market-wide and security-specific credit margins while seeking
to maximise returns from liquidity premiums. In addition, it is the intention to enhance
returns through:
- the ability to purchase securities with no minimum credit rating
- the appropriate use of leverage
- creating short positions on credit securities using derivatives.
Investment Details
| Minimum Initial Investment | $100,000 |
| Minimum Additional Investment | $5,000 |
Fees
| Entry | Nil |
| Exit | Nil |
| Management Fee (p.a.) | 1.00%. Refer to PDS for Management Costs. * |
| Buy / Sell Spread | 0.25% / 1.25% |
| Effective 1 May 2017 we have updated fees and costs information, and issued a new Product Disclosure Statement (PDS). Due to changes in ASIC Class Order [CO 14/1252], we have updated our disclosure in respect of the estimated management cost of the Fund. This amount includes estimated indirect costs which are paid by the Fund, and are not a direct cost to you. The management fee you pay to Perpetual has not changed. A full explanation of fees and costs is set out in the PDS. For a copy of the replacement PDS please download the document from https://www.perpetual.com.au/resources-and-documents/continuous-disclosure-and-important-information/perpetual-pure-credit-alpha-fund-class-w-updates. | |
Investment Guidelines
| Gearing level | 0 - 50% |
| Illiquid assets | 0 - 18% |
| Investment grade debt | 50 - 100% |
| Sub-investment grade/non-rated debt | 0 - 50% |
| Equity | 0 - 15% |
Distribution
| Quarterly |
| March 31, June 30, September 30, December 31 |