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Trust Company Fixed Interest Fund
The Trust Company Fixed Interest Fund is closed
October 28, 2024. We refer to the distributions posted on the Distribution History webpage between 16 August 2024 to 19 September 2024. During this period, the Distribution History for this product incorrectly displayed duplicates of the September 2023 and December 2023 distribution records for the 2024 Financial Year, and resulted in an inaccurate subtotal for the 2024 Financial Year. This has been rectified and the correct distribution history has been displayed on our website from 19 September 2024. The Distribution data summary included in this product page was not impacted.
We sincerely apologise for any inconvenience caused. If you have any questions, please email us at investments@perpetual.com.au or phone us on 1800 022 033 during business hours (Sydney time).
Pricing & Performance
Fund Commencement: May 2014
Unit Pricing
Distributions
Frequency
Quarterly
Cents per Unit
0.771
Reinvestment Price
0.996
Returns
As at
| Growth (%) | Distribution (%) | Total (%) | |
|---|---|---|---|
| 1 month | -- | -- | 0.02% |
| 3 month | -- | -- | 1.36% |
| 6 month | -- | -- | 3.53% |
| 1 year | -- | -- | 9.09% |
| 3 year | -- | -- | 2.83% |
| 5 year | -- | -- | 2.17% |
| 10 year | -- | -- | 3.11% |
Documents & Resources
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.
Details & Fees
| Investment Objective | • To provide investors with income and capital stability through investment in a diversified portfolio of fixed income and diversified credit investments; and • outperform the stated benchmark (before fees and taxes) over 3 year rolling periods. | ||
| Minimum Suggested Timeframe | 3 years or longer | ||
| Fund Manager | Perpetual Investment Management Limited | ||
| Asset Class | Fixed Income and Credit | ||
| Minimum Initial Investment | $5,000 | ||
| Minimum Initial Investment (with saving plan) | $5,000 | Monthly Minimum | Nil |
| Minimum Additional Investment | $1,000 |
| Cash | 0 - 20% |
| Diversified credit | 0 - 100% |
| Fixed income | 0 - 100% |
| Quarterly | March 31, June 30, September 30, December 31 |
| Entry | 0 |
| Exit | 0 |
| Management Fee (p.a.) | 0.72% |
| Buy / Sell Spread | 0.14% / 0.14% |
| Management Notes | 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. |
Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and/or Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 are the issuers of the Funds. you should consider the relevant Fund product disclosure statement or other offer document before deciding whether to invest. The product disclosure statements and target market determinations for the Funds are available on this website.
Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for entry fees, exit fees or where applicable taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns on a Fund can be particularly volatile in the short term and in some periods may be negative.
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United Kingdom
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Europe
This information and the terms of use are subject to change at any time without notice. The contents of this website are intended for residents and citizens of the United Kingdom, and the European Union, and should not be relied on by residents or citizens of other jurisdictions. All investment products and services referenced in this website are managed and offered by either JOHCM or its affiliates within the Perpetual Limited group of companies ("Perpetual Affiliates"). By clicking the “Proceed” button below, you are agreeing to the Terms & Conditions of use.