The Trust Company Fixed Interest Fund
Ways to Invest
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The Trust Company Fixed Interest Fund
Pricing & Performance
Performance as at 31/03/2020
Returns as at 31/03/2020
| Growth % | Distribution % | Total % | |
|---|---|---|---|
| 1 month | -4.04 | 0.69 | -3.34 |
| 3 month | -2.86 | 0.70 | -2.16 |
| 6 month | -3.60 | 1.41 | -2.19 |
| 1 year | -2.95 | 3.99 | 1.04 |
| 3 year | -0.75 | 3.67 | 2.92 |
| 5 year | -0.73 | 3.65 | 2.92 |
| 10 year | -0.10 | 4.55 | 4.45 |
Distributions
| Frequency | Quarterly |
| Cents per Unit | 0.719 |
| Reinvestment Price | 0.995 |
Fund Commencement Date
| October 2000 |
Fund Profile
Details & Fees
About this fund
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Fund Manager
Perpetual Investment Management Limited
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Asset Class
Cash and fixed income
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Suggested Length
3 years or longer
Investment Objective
The Fund aims to: - provide investors with income and capital stability through investment in a diversified portfolio of fixed income and diversified credit investments - outperform the stated benchamrk (before fees and taxes) over rolling three-year periods.
Investment Approach
Perpetual aims to achieve the above objectives by:
- managing the portfolio actively with respect to interest rates, swap and credit margins and managing the portfolio's sensitivity in these
- diversifying the Fund amongst different securities issued by various borrowers
- actively managing changes in market wide and security specific credit margins
- identifying and investing in relative value within the universe of credit securities
- utilising derivatives in conjunction with authorised investments for hedging, arbitrage, as a replacement for trading a physical security and for managing portfolio risks and exposures
The Fund does not directly gear for investment purposes. However, the Fund may borrow up to 10% to meet investor withdrawal requirements and the Fund may invests into the Perpetual Diversified Income Fund, which can gear up to 25% when gearing provides value to investors.
Perpetual was appointed as Fund Manager effective 28 July 2014. The previous Fund Manager invested under a different investment strategy using a different investment approach. Therefore performance information before 28 July 2014 is not directly comparable.
Investment Details
| Minimum Initial Investment | $5,000 |
| Minimum Additional Investment | $1,000 |
Fees
| Entry | 0 |
| Exit | 0 |
| Management Cost (p.a.) | 0.76 |
| Buy / Sell Spread | 0.1% / 1.1% |
| 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. | |
Investment Guidelines
| Cash | 0 - 20% |
| Fixed income | 0 - 100% |
| Diversified credit | 0 - 100% |
Distribution
| Quarterly |
| March 31, June 30, September 30, December 31 |
How to Invest
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The Trust Company Investment Funds are generally closed to new investors
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If you are an existing investor in the Trust Company Investment Funds
All forms, offer documents and PDS’s can be found on Forms, PDS's and Offer Documents page in our Resources section.
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Mailing and Application Instructions
Send your completed application & identification documents to:
The Trust Company Investment Funds
GPO Box 4171, Sydney NSW 2001
Awards and recognition
