Perpetual WealthFocus Investment Funds

Correction of Commencement date for:

• WealthFocus Perpetual Industrial Share Fund
• WealthFocus Barrow Hanley Global Share Fund

We refer to page 9 and 10 of the current WealthFocus Investment Funds PDS. The commencement date for WealthFocus Perpetual Industrial Share Fund  is August 1966 (not 1996) and for WealthFocus Barrow Hanley Global Share Fund is April 1986 (not August).

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Investment Funds including: - updated fees and costs disclosure - cost of product information - changes to the Fund profiles including change to the risk level for WealthFocus Perpetual Diversified Income Fund from 4 medium to 3 low to medium - additional risks in the significant risk table - changes to product features. Further information on the changes to the product features of the WealthFocus Investment Funds is set out in the  summary

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.

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Investment Funds including:

• updated fees and costs disclosure

• cost of product information

• Fund name changes

• change to risk levels

• additional risks in the significant risk table

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

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.

On or around 1 October 2022 the marketing name of the Funds will change as per the below:

• Perpetual Diversified Income Fund (PER0284AU) will be renamed WealthFocus Perpetual Diversified Income Fund;

• Barrow Hanley Global Share Fund (PER0031U) will be renamed WealthFocus Barrow Hanley Global Share Fund; and,

• Perpetual Industrial Share Fund (PER0011AU) will be renamed WealthFocus Perpetual Industrial Share Fund

The marketing name of the Perpetual Global Share Fund will change to the Barrow Hanley Global Share Fund from 1 November 2021.

See attached flyer

Updates to disclosure to clarify that distribution components may include capital.

See attached flyer

The risk level for the Perpetual Global Share Option in the fund profile found on page 6 in the Perpetual Wealth Focus Investment Funds PDS issue number 13 dated 1 December 2020 has been amended.

See attached flyer

Delay of unit pricing for a number of Funds and Investment options.

See attached flyer

Changes to buy/sell spreads

Effective 1 April 2021, the buy/sell spreads for some of the Multi Asset funds have changed.

See flyer attached

PDS update

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in WealthFocus Investment Funds including:

• changes to fees

• updated fees and costs disclosure

• new cost of product information

• changes to the investment strategy process

• updated online member platform, myPerpetual which provides enhanced user functionality

• additional risks in the significant risk table.

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

For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.

From 1 December 2020 we're introducing a clearer and simpler fee structure including:

• lower management fees

• ending ongoing adviser commission payments and rebates

• ending normal operating expense recoveries

Clients were provided an update by mail around 26 October. Should you require a copy of the letter please  email investments@perpetual.com.au, or phone us on 1800 022 033.

See flyer attached

The transition of the 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 Perpetual WealthFocus Investment Funds – Perpetual Global Share Fund (the “Fund”)

PIML has appointed Barrow, Hanley, Mewhinney & Strauss, LLC as investment manager of the Fund and updated the investment strategy of the Fund.

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

Effective 1 October 2020, the performance fee will be removed.

See flyer attached

PDS update:

Changes to Perpetual WealthFocus Investment Funds – Perpetual Global Share Fund (the “Fund”)

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

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

• investment strategy; and

• fees and charges.

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

See flyer attached

PDS update:

Change to appointment of specialist investment managers

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

On 27 July 2020, Perpetual Limited announced to the ASX its intention to acquire a majority interest in Barrow, Hanley, Mewhinney & Strauss, LLC (“Barrow Hanley”), subject to obtaining necessary approvals.

Barrow Hanley will become a related party, and part of the Perpetual Group, with the proposed acquisition.

Reduction of the management fee for the Perpetual Diversified Income investment option. Please refer to the flyer under further information for details on the fee reduction.

Effective 1 October 2020, the management fee for the Perpetual Diversified Income investment option has been reduced.

See flyer attached

The Standard Risk Measures have changed for some of our investment options. Please refer to the flyer under further information for the specific investment option.

Updates to SRMs for some investment options in PDS dated 1 March 2019. Investment Options profiles on page 6.

See flyer attached

Effective from 8 October 2019, Perpetual WealthFocus Investment Funds 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 ‘Portfolio Fundamentals’ will be found in Fund Profiles in due course.

List of impacted funds and additional information

Management Costs - Figures for FY 2019

The Management Costs for the Fund/s including estimated indirect costs, for the year ended 30 June 2019 is attached. This is additional information to help investors understand fees and costs on a year by year basis. This information does not update the PDS.

See flyer attached

PDS update

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in the WealthFocus Investment Funds including:

• fees and costs information

• external dispute resolution

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

For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.

PDS update

The replacement WealthFocus PDS has been issued. It contains updated information in relation to your investment in the WealthFocus Investment Funds including:

• fees and costs information

• external dispute resolution

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

For a copy of the PDS to obtain this information can be found on this page or contact us for a copy free of charge at 1800 022 033.

Management Costs - Figures for FY 2018

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

See flyer attached

The investment manager Aberdeen Asset Management Limited, has changed its name to Aberdeen Standard Investments Australia Limited.

Refer to PDS - Investment Book dated 1 May 2017 page 14 and Perpetual WealthFocus Investment Manager Information flyer page 1.

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Change to the external dispute resolution (EDR) scheme to which you can refer complaints that remain unresolved after having dealt with our internal complaints process. From 1 November 2018, any external complaints should be referred to the Australian Financial Complaints Authority (AFCA). Please refer to the attached flyer for contact details.

Refer to PDS - dated 1 May 2017 page 23.

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The investment guidelines for the Perpetual Diversified Income Investment Option has been updated:
Old - Cash and investment grade securities (0-100%)
New - Cash and investment grade securities (75-100%)

Refer to PDS dated 1 May 2017 page 6.

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PDS Update: Management Costs information                                                     

In this update we replace information in the PDS on management costs to:                       

• consolidate the prior fee update on 3 July 2017 and 31 August 2017, and
• update the estimated indirect costs in investment options.                                                                         

Generally the management costs information has been updated due to movements in indirect costs.  

The information in the PDS and Features Book on management costs is replaced by the information in the attached flyer.

Refer to the attached flyer.

For full details on fees and costs read the PDS together with this update.     

Management Costs – Figures for FY 2017

The Management Costs for the Fund/s including estimated indirect costs, for the year ended 30 June 2017 is attached.

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

This information does not update the PDS.  

The replacement WealthFocus PDS has been issued.  It contains updated information in relation to your investment in the WealthFocus Investment Funds including:

• fees  and costs information following changes to ASIC Class Order [CO 14/1252].  The information on indirect costs and other costs have been updated in line with those changes

• Tax changes

• Funds

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

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Change to the Australian Unity Mortgage Income investment option unit price.

View attached

The standard risk measure for the Perpetual Global Share Fund has increased from 6 – High to 7 – Very high.

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