The Perpetual SHARE-PLUS Long-Short Fund invests in companies we believe will rise in value and takes short positions in companies we believe will fall in value.
The Fund offers investors a broader set of investment opportunities: it can take long (to hold) and short (to sell) positions in companies and may hold up to 35% of the portfolio in cash.
We employ our tried and proven bottom-up stock selection process for both long and short positions. Through fundamental company research, we aim to identify opportunities to buy quality, undervalued companies. On the short side of the portfolio we opportunistically target stocks that we expect will underperform. We rarely short the index, we short companies.
Features and benefits
-
OUTSTANDING TRACK RECORD
The Fund has outperformed the Australian sharemarket over the longer term and with lower levels of risk.
-
Greater flexibility in implementing ideas
By taking long and short positions the Fund has the flexibility to generate returns from rising and falling share prices.
-
Rigorous research is the engine for stock selection
Perpetual’s bottom-up company research generates the insights that drive our stock selection for both long and short positions. We focus on quality and value to identify companies with the greatest return potential.
-
Specialist shorting expertise
Perpetual’s equity team has a highly experienced shorting investment capability. This skill and experience has helped the Fund identify shorting opportunities that have added to returns.
DEMYSTIFYING LONG-SHORT FUNDS
Learn more about the investment approach of the Perpetual SHARE-PLUS Long-Short Fund from Anthony Aboud and Paul Skamvougeras.
WHAT ARE THE RISKS?
All investments carry risk. While it is not possible to identify every risk relevant to your investment, we have provided details of the risks that may affect your investment in the relevant product disclosure statement (PDS) or offer document.
You can find PDSs and other documents in our resources section. The relevant PDS, offer documents and forms can also be found in the sections below:
> Investment | > Superannuation | > Retirement
Ways to Invest
So that we can provide you the most relevant information, please begin by selecting your investment type from the options below:
Perpetual SHARE-PLUS Long-Short
Pricing & Performance
Performance as at 31/03/2020
Returns as at 31/03/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | -18.06 | -- | -18.06 |
| 3 month | -22.50 | -- | -22.50 |
| 6 month | -23.57 | 1.22 | -22.35 |
| 1 year | -19.22 | 3.21 | -16.02 |
| 3 year | -8.26 | 5.36 | -2.89 |
| 5 year | -7.79 | 7.12 | -0.67 |
| 10 year | -0.81 | 7.11 | 6.30 |
Distributions
| Frequency | Half Yearly |
| Cents per Unit | 2.313 |
| Reinvestment Price | 1.448 |
Fund Commencement Date
| November 2008 |
Fund Profile
Details & Fees
About this fund
-
Fund Manager
Perpetual Investment Management Limited
-
Asset Class
Australian shares
-
Suggested Length
5 years or longer
Investment Objective
Aims to provide long-term capital growth and income through investment in quality shares and taking short positions predominantly in selected Australian shares. The fund aims to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual Investments researches companies of all sizes using consistent share selection criteria. Perpetual Investments' priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- recurring earnings.
In addition, Perpetual Investments aims to take short positions in Australian shares that it believes will fall in value. The short positions are determined based on each stock's expected returns and the investment constraints (designed to reduce the risks associated with taking short positions).
Derivatives may be used in managing the fund.
Investment Details
| Minimum Initial Investment | $2,000 |
| With Savings Plan | |
| Minimum Initial Investment | $1,000 |
| Monthly Minimum | Nil |
| Minimum Additional Investment | $1,000 |
Fees
| Entry | up to 4.0% |
| Exit | Nil |
| Management Cost (p.a.) | 1.98% plus performance fee* |
| Buy / Sell Spread | 0.4% / Nil |
| Perpetual charges the underlying fund a performance fee if its return exceeds a hurdle return. The performance fee is equal to 13.98% of the difference between the underlying fund's return and the hurdle return. The hurdle return is the return on the S&P/ASX 300 Accumulation Index plus 2% pa. As the hurdle return is based on the return of an index it can be a positive or negative return. The performance fee is payable only if the performance fee is a positive amount and the underlying fund's six month return is positive. | |
Investment Guidelines
| Australian shares | 90 - 125% |
| Cash | 0 - 35% |
| Australian shares (net) | 65 - 100% |
| Short Positions | 0 - 25% |
Distribution
| Half Yearly |
| June 30, December 31 |
Continuous Disclosure
How to Invest
-
If you are interested in making an investment in Perpetual WealthFocus Investment Advantage
Review the Product Disclosure Statement (PDS) for WealthFocus Investment Advantage and related documents to ensure you understand how the Fund works and the risks involved.
Send the completed application & documents to the address below.
-
New and existing investors - Invest using Perpetual’s online application form
-
Make an additional investment to WealthFocus Investment Advantage
- Review the current PDS and related documents. They may have changed since you first invested.
- Download and complete an Additional Investments form. Send the form to the address below.
- If you have online account access, you can complete the additional investment form online.
All forms, offer documents and PDS’s can be found on Forms, PDS's and Offer Documents page in our Resources section.
Downloads
Pricing & Performance
Performance as at 31/03/2020
Returns as at 31/03/2020
| Growth % | Total % | |
|---|---|---|
| 1 month | -15.93 | -15.93 |
| 3 month | -19.62 | -19.62 |
| 6 month | -19.51 | -19.51 |
| 1 year | -12.80 | -12.80 |
| 3 year | -1.29 | -1.29 |
| 5 year | 0.55 | 0.55 |
| 10 year | 6.87 | 6.87 |
Fund Commencement Date
| October 2003 |
Fund Profile
Details & Fees
About this fund
-
Fund Manager
Perpetual Investment Management Limited
-
Asset Class
Australian shares
-
Suggested Length
5 years or longer
Investment Objective
Aims to provide long-term capital growth and income through investment in quality shares and taking short positions predominantly in selected Australian shares. The fund aims to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual Investments researches companies of all sizes using consistent share selection criteria. Perpetual Investments' priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- recurring earnings.
In addition, Perpetual Investments aims to take short positions in Australian shares that it believes will fall in value. The short positions are determined based on each stock's expected returns and the investment constraints (designed to reduce the risks associated with taking short positions).
Derivatives may be used in managing the fund.
Investment Details
| Minimum Initial Investment | $3,000 |
| With Savings Plan | |
| Minimum Initial Investment | $1,500 |
| Monthly Minimum | Nil |
| Minimum Additional Investment | $1,000 |
Fees
| Entry | up to 4.0% |
| Exit | Nil |
| Management Cost (p.a.) | 2.17%^ Performance fees may apply* |
| Buy / Sell Spread | 0.4% / Nil |
| ^This percentage is based on the underlying fund's management fee of 0.99% pa on the sum of its long and short positions plus the investment option's additional management fee of 0.96% pa on its net asset value. *Performance Hurdle - Benchmark S&P/ASX 300 Accumulation Index plus 2% pa | |
Investment Guidelines
| Australian shares | 90 - 125% |
| Cash | 0 - 35% |
| Australian shares (net) | 65 - 100% |
| Short Positions | 0 - 25% |
Distribution
| N/A |
Product Disclosure Statement
Continuous Disclosure
How to Invest
-
If you are interested in making an investment in Perpetual WealthFocus Super Plan
Review the Product Disclosure Statement (PDS) for WealthFocus Wholesale Super Plan and other offer documents and consider your investment option carefully.
Send the completed application & documents to the address below.
-
New and existing investors - Invest using Perpetual’s online application form
-
If you are an existing investor in WealthFocus Super Plan
All forms, offer documents and PDS’s can be found on Forms, PDS's and Offer Documents page in our Resources section.
Downloads
-
Mailing and application details
Send the completed application & documents to:
Reply Paid 4171
Perpetual WealthFocus Super Plan
GPO Box 4171
Sydney NSW 2001
Pricing & Performance
Performance as at 31/03/2020
Returns as at 31/03/2020
| Growth % | Total % | |
|---|---|---|
| 1 month | -17.90 | -17.90 |
| 3 month | -21.72 | -21.72 |
| 6 month | -21.60 | -21.60 |
| 1 year | -14.24 | -14.24 |
| 3 year | -1.40 | -1.40 |
| 5 year | 0.70 | 0.70 |
| 10 year | 7.59 | 7.59 |
Fund Commencement Date
| October 2003 |
Fund Profile
Details & Fees
About this fund
-
Fund Manager
Perpetual Investment Management Limited
-
Asset Class
Australian shares
-
Suggested Length
5 years or longer
Investment Objective
Aims to provide long-term capital growth and income through investment in quality shares and taking short positions in predominantly selected Australian shares. The fund aims to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual Investments researches companies of all sizes using consistent share selection criteria. Perpetual Investments' priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- recurring earnings.
In addition, Perpetual Investments aims to take short positions in Australian shares that it believes will fall in value. The short positions are determined based on each stock's expected returns and the investment constraints (designed to reduce the risks associated with taking short positions).
Derivatives may be used in managing the fund.
Investment Details
| Minimum Initial Investment | $20,000 |
Fees
| Entry | up to 4.0% |
| Exit | Nil |
| Management Cost (p.a.) | 2.18%^ Performance fees may apply* |
| Buy / Sell Spread | 0.4% / Nil |
| ^This percentage is based on the underlying fund's management fee of 0.99% pa on the sum of its long and short positions plus the investment option's additional management fee of 0.96% pa on its net asset value. *Performance Hurdle - Benchmark S&P/ASX 300 Accumulation Index plus 2% pa | |
Investment Guidelines
| Australian shares | 90 - 125% |
| Cash | 0 - 35% |
| Australian shares (net) | 65 - 100% |
| Short Positions | 0 - 25% |
Distribution
| N/A |
Product Disclosure Statement
Continuous Disclosure
How to Invest
-
The Perpetual WealthFocus Term Allocated Pension Plan is closed to new investors
-
If you are an existing investor in WealthFocus Term Allocated Pension Plan
All forms, offer documents and PDS’s can be found on Forms, PDS's and Offer Documents page in our Resources section.
-
Mailing and application details
Send the completed application & documents to:
Reply Paid 4171
Perpetual WealthFocus Pension Plan
GPO Box 4171
Sydney NSW 2001
Pricing & Performance
Performance as at 31/03/2020
Returns as at 31/03/2020
| Growth % | Total % | |
|---|---|---|
| 1 month | -17.90 | -17.90 |
| 3 month | -21.72 | -21.72 |
| 6 month | -21.60 | -21.60 |
| 1 year | -14.24 | -14.24 |
| 3 year | -1.40 | -1.40 |
| 5 year | 0.70 | 0.70 |
| 10 year | 7.59 | 7.59 |
Fund Commencement Date
| October 2003 |
Fund Profile
Details & Fees
About this fund
-
Fund Manager
Perpetual Investment Management Limited
-
Asset Class
Australian shares
-
Suggested Length
5 years or longer
Investment Objective
Aims to provide long-term capital growth and income through investment in quality shares and taking short positions in predominantly selected Australian shares. The fund aims to outperform the S&P/ASX 300 Accumulation Index (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual Investments researches companies of all sizes using consistent share selection criteria. Perpetual Investments' priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:
- conservative debt levels
- sound management
- quality business and
- recurring earnings.
In addition, Perpetual Investments aims to take short positions in Australian shares that it believes will fall in value. The short positions are determined based on each stock's expected returns and the investment constraints (designed to reduce the risks associated with taking short positions).
Derivatives may be used in managing the fund.
Investment Details
| Minimum Initial Investment | $20,000 |
Fees
| Entry | up to 4.0% |
| Exit | Nil |
| Management Cost (p.a.) | 2.18%^ Performance fees may apply* |
| Buy / Sell Spread | 0.4% / Nil |
| ^This percentage is based on the underlying fund's management fee of 0.99% pa on the sum of its long and short positions plus the investment option's additional management fee of 0.96% pa on its net asset value. *Performance Hurdle - Benchmark S&P/ASX 300 Accumulation Index plus 2% pa | |
Investment Guidelines
| Australian shares | 90 - 125% |
| Cash | 0 - 35% |
| Australian shares (net) | 65 - 100% |
| Short Positions | 0 - 25% |
Distribution
| N/A |
Product Disclosure Statement
Continuous Disclosure
How to Invest
-
If you are interested in making an investment in the Perpetual WealthFocus Account Based Pension Plan
Review the Product Disclosure Statement (PDS) for Perpetual WealthFocus Account Based Pension Plan (which includes the Account Based Pension Plan) and other offer documents and consider your investment option carefully.
It is likely that the WealthFocus Wholesale Pension Plan will be most suitable for new investors.
-
If you are an existing investor in WealthFocus Account Based Pension Plan
All forms, offer documents and PDS’s can be found in Forms, PDS's and Offer Documents page in our Resources section.
-
Mailing and Application Details
Send your completed application & identification documents to:
Reply Paid 4171
Perpetual WealthFocus Wholesale Pension Plan
GPO Box 4171, Sydney NSW 2001
-
Anthony Aboud
Portfolio Manager
Industrial Shares (50%), SHARE-PLUS Long-Short, AnalystBEc, CFAYears of experience: 20
Years at Perpetual: 7
Anthony is the Portfolio Manager - Industrial Shares (50%), SHARE-PLUS Long-Short and an Analyst.
Anthony has been with Perpetual for 6 years. Prior to joining Perpetual, he worked at Ellerston Capital for two years, where he was the Portfolio Manager for the Ellerston Capital Global Equity Management Fund. Before that, he spent 3 years as an analyst working on a long/short strategy. Prior to joining Ellerston Capital, Anthony worked as an Analyst at UBS Investment Bank for 8 years.
Anthony has a Bachelor of Economics from the University of Sydney and has earned the right to use the Chartered Financial Analyst designation.
Loading...
Awards and recognition
