Perpetual Pooled Super Trust

Perpetual Superannuation Limited as trustee of the Trust has made a decision to close and terminate the Trust on or around 6 June 2024.

To align with this, effective on and from 3pm on 1 May 2024, Perpetual will: 

*cease to accept new and additional applications into the Trust; and

*suspend the processing of withdrawal requests in the Trust.

Unitholders in the Trust will be notified of the closure of the Trust and will be provided with information.

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The replacement Pooled Super Trust (PST) PDS has been issued. It contains updated information in relation to your investment in the PST including:

- updated fees and costs disclosure to align with the revised ASIC Regulatory Guide 97. We have updated the estimated ongoing annual fees and costs.

A copy of the new PDS can be found on this page or contact us for a copy free of charge on 1800 022 033.

There are legislative changes applying to complaints handling effective from 5 October 2021. The information in the PDS in relation to inquiries and complaints is now updated as set out in the flyer.

See attached flyer

Investments in the Options will be redeemed effective 17 June 2021.

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Investments in the Options will be redeemed effective 21 June 2021.

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Members with holdings in the PST Smaller Companies Share investment option.

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The transition of the Option’s underlying fund’s assets to Barrow, Hanley, Mewhinney & Strauss, LLC was completed on 9 September 2020. Details of the estimated transition costs incurred are available upon request.

For information, please email investments@perpetual.com.au, or phone us on 1800 022 033.

PDS update: Changes to the Global Share Investment Option (‘Option’)

Barrow, Hanley, Mewhinney & Strauss, LLC (“Barrow Hanley”) has been appointed as investment manager of the Option and the investment strategy of the Option has been updated.

The buy/sell spread of the Option will reduce with Barrow Hanley managing the Option.

Effective 1 October 2020, the investment fee for the Option will be reduced from 1.10% to 0.99%, and the performance fee will be removed.

The Fees and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2020 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS.

PIML intends to cease acting as the investment manager of the Option and will  appoint  Barrow, Hanley, Mewhinney & Strauss, LLC as investment manager of the Option.

It is intended that with the appointment of Barrow Hanley, changes may be made to the Option’s:

• investment strategy; and
• fees.

These changes are expected to occur by the end of September 2020, subject to the necessary documentation and other processes being in place.

In the PDS, delete each reference to “external specialist investment managers” where it appears and replace with “related or external specialist investment managers”.

The SRMs for Perpetual’s Pooled Super Trust Smaller Companies Share Investment Option and Industrial Share Option have been amended.

Effective from 8 October 2019, Perpetual's Pooled Super Trust will also accept changes to your bank account details by email.

All changes to your bank account details must be made in writing.  The instruction must be signed and sent to us by mail or scanned attachment to email.

You are able to use the Change of Instructions form to make changes.

The 'Portfolio Fundamentals' section of some Fund Profiles previously contained inaccurate figures for:

• Price to Earnings
• Price to Book, 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 Fes and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2019 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS.

The replacement Pooled Super Trust (PST) PDS has been issued. It contains updated information in relation to your investment in PST including:
- fees and costs information
- changes to investment option profiles
- external dispute resolution

Further information in respect of the above is set out in this summary.

The Fes and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2018 is attached. This is additional information to help members understand fees and costs on a year by year basis. This information does not update the PDS.

Refer to PDS- dated 1 March 2017 page 7.

The Fees and Costs for the Investment Option/s including estimated indirect costs, for the year ended 30 June 2017 is attached.

This is additional information to help members understand fees and costs on a year by year basis.

This information does not update the PDS.  

• Change to investment manager
• Change to investment strategy
• Change to name
• Notification of reduction in management fee and introduction of performance fee from 17 April 2015

The standard risk measures for the investment options have been reviewed and are now: