Institutional Investors

Cash

Perennial believes that there are a number of strategies that can be used to deliver superior returns over the cash benchmark, without compromising the underlying characteristics of cash investing.

Trust Objective

By constructing a portfolio of high quality interest bearing securities and applying the Perennial Cash investment process, the Trust aims to deliver a return above the UBS Bank Bill index after fees over a rolling 12 month period.

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Suitable Investor Profile

The Trust is suitable for risk adverse investors seeking a high level of capital protection, regular income and low volatility in monthly returns.

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Fund Facts

Investment Approach

The Perennial Cash approach can be summarised as follows:

  • Quality - investing only in highly rated bank deposits, commercial paper and floating rate notes
  • Liquidity - the portfolio should have true 'cash' like characteristics with highly liquid investments
  • Stability - the key focus of the Trust will be delivering stable returns above the UBS Bank Bill index, with very low levels of volatility

Investment Strategy

The Trust will be actively managed and aims to take advantage of investment opportunities in the Australian money markets. The Trust will invest in a range of high quality interest bearing securities including bank bills, negotiable certificates of deposit, commercial paper and floating rate notes.

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Investment Summary

Perennial Cash Trust
Minimum Investment $100,000
Minimum Added Investment $5,000
Risk/Return Profile Low
Returns achieved mainly through Income
Income Distribution Quarterly
Minimum Recommended Investment Period 1 Year

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Unit Prices

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Distribution

Perennial Cash Trust
Frequency As at Reinvested
NAV Price($)		 CPU Fund Payment CPU * Discounted Capital Gain CPU
Monthly 31/08/10 1.0221 0.3800 0.0000 0.0000
Monthly 31/07/10 1.0215 0.7800 0.0000 0.0000
Monthly 30/06/10 1.0248 0.3082 0.0145 0.0000
Monthly 31/05/10 1.0237 0.3000 0.0778 0.0000
Monthly 30/04/10 1.0226 0.1400 0.0137 0.0000
Monthly 31/03/10 1.0202 0.5000 0.0000 0.0000
Monthly 28/02/10 1.0216 0.3500 0.0000 0.0000
Monthly 31/01/10 1.0216 0.2400 0.0346 0.0000
Monthly 31/12/09 1.0204 0.3000 0.0000 0.0000
Monthly 30/11/09 1.0199 0.3100 0.0000 0.0000
Monthly 31/10/09 1.0196 0.1700 0.0673 0.0000
Monthly 30/09/09 1.0184 0.3900 0.0000 0.0000
Monthly 31/08/09 1.0194 0.3300 0.0056 0.0000
Monthly 31/07/09 1.0202 0.1400 0.0223 0.0000
Monthly 30/06/09 1.0189 0.1287 0.0000 0.0000
Monthly 31/05/09 1.0176 0.1500 0.0000 0.0000
Monthly 30/04/09 1.0166 0.0600 0.0146 0.0000
Monthly 31/03/09 1.0146 0.6500 0.0000 0.0000
Monthly 31/12/08 1.0112 0.9000 0.0000 0.0000
Monthly 30/09/08 1.0033 1.0500 0.0000 0.0000

* A fund payment is a payment made by a Managed Investment Trust that represents a distribution of its Australian sourced income (other than dividends, interest and royalties).

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Performance and Fees

Perennial Cash Trust
PERFORMANCE TABLE 1 MONTH % P.A. QUARTER % P.A. FIN. YEAR TO DATE % P.A. 1 YEAR % P.A. 2 YEARS % P.A. 3 YEARS % P.A. 5 YEARS % P.A. SINCE INCEPT. % P.A. FEES  
As at 31/8/2010                 Entry Fee (%) NIL
GROSS PERFORMANCE 0.4 1.3 0.9 4.6 4.8 4.9 Exit Fee (%) NIL
BENCHMARK (UBS Bank Bill) 0.4 1.2 0.8 4.2 4.4 4.6 Management Fee (% pa) 0.22
VALUE ADDED 0.0 0.1 0.1 0.4 0.4 0.3 Performance Fee NIL
NET PERFORMANCE 0.4 1.3 0.9 4.4 4.6 4.7 Buy/Sell Spread (%) Nil
Average Annual Compound Rate of Return
As at 31/8/2010 GROWTH RETURN % P.A INCOME DISTRIBUTION RETURN % P.A. TOTAL RETURN % P.A BENCHMARK % P.A *
1 Year 0.3 4.2 4.4 4.2
3 Years
5 Years
Since Inception 1.1 3.7 4.7 4.6

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Publications

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Copyright © Perennial Investment Partners Limited 2007, Version 3.30.00

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Investment Manager: Perennial Investment Partners Ltd ABN 59 087 901 620, AFSL No. 238763. Sub Manager: Perennial Value Management Limited ABN 22 090 879 904, AFSL No. 247293. Perennial Fixed Interest Partners Pty Limited ABN 35 099 336 357, Perennial International Equities Management Pty Limited ACN 099 336 375, Perennial Growth Management Pty Limited ABN 41 099 336 384 and Perennial Real Estate Investments Pty Limited ABN 35 117 913 685 are Subsidiaries and Authorised Representatives of Perennial Investment Partners Limited.