Core Australian Shares
Trust Objective
To grow the value of your investment over the long-term through a combination of capital growth and income by investing in a selection of Australian shares. The Trust aims to provide a total return (after fees) that exceeds the S&P/ASX 300 Accumulation Index measured on a rolling three year basis.
Suitable Investor Profile
Investors with an investment horizon of five years or more, who are seeking a style neutral portfolio of Australian shares.
Fund Facts
Investment Approach
The Trust will gain its exposure to Australian shares through a 50% allocation to growth style investments and a 50% allocation to value style investments, both of which are actively managed.
Investment Strategy
The Trust will invest in a portfolio of listed, or soon to be listed, securities found on the Australian stock exchange.
Perennial Growth, the Investment Manger for the growth style allocation, seeks to invest in companies that offer sustainable and profitable growth prospects at attractive prices. Perennial Growth believes that growing companies generate the most value for shareholders and seeks to value this future growth through a combination of internally generated bottom-up stock research and quantitative modelling.
Perennial Value, the Investment Manager for the value style allocation, seeks to invest in companies that are good businesses that are undervalued with an underlying belief that good businesses are always eventually recognised by markets and are positively re-valued. The cornerstone to this approach is a strong emphasis on company research.
Perennial uses a fixed approach to style allocation, with 50% of the Trust allocated to each style of Australian shares investing - growth and value.
The Trust will have a maximum cash exposure not exceeding 15% for any length of time.
Investment Summary
| Minimum Investment | $25,000 |
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| Minimum Added Investment | $5,000 |
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| Risk/Return Profile | High |
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| Returns achieved mainly through | Growth & Income |
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| Income Distribution | Half Yearly |
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| Minimum Recommended Investment Period | 5 Years |
Unit Prices
Distribution
| Frequency | As at | Reinvested NAV Price($) |
CPU | Fund Payment CPU * | Discounted Capital Gain CPU |
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| Half Yearly | 30/06/10 | 1.2574 | 7.9479 | 0.0280 | 0.0000 |
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| Half Yearly | 31/12/09 | 1.5002 | 4.0000 | 0.0923 | 0.0000 |
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| Half Yearly | 30/06/09 | 1.2348 | 5.8199 | 0.0203 | 0.0030 |
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* 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).
Performance and Fees
| 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 | |
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| As at 31/7/2010 | Entry Fee (%) | NIL | ||||||||
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| GROSS PERFORMANCE | 4.2 | -6.9 | 4.2 | 8.2 | 33.9 | Exit Fee (%) | NIL | |||
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| BENCHMARK (S&P/ASX 300 Accum.) | 4.5 | -6.0 | 4.5 | 10.0 | 28.2 | Management Fee (% pa) | 0.92 | |||
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| VALUE ADDED | -0.3 | -0.9 | -0.3 | -1.8 | 5.7 | Performance Fee | NIL | |||
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| NET PERFORMANCE | 4.1 | -7.1 | 4.1 | 7.4 | 32.6 | Buy/Sell Spread (%) | 0.60 | |||
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| As at 31/7/2010 | GROWTH RETURN % P.A | INCOME DISTRIBUTION RETURN % P.A. | TOTAL RETURN % P.A | BENCHMARK % P.A * | ||||||
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| 1 Year | -1.7 | 9.0 | 7.4 | |||||||
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| 3 Years | ||||||||||
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| 5 Years | ||||||||||
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| Since Inception | 20.6 | 11.9 | 32.6 | 28.2 | ||||||
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Publications
