Value Shares
The Trust provides an actively managed exposure to a portfolio of Australian shares (employing a value style investment process).
Trust Objective
To grow the value of your investment over the long term via a combination of capital growth and tax effective income by investing in a diversified portfolio of Australian shares and 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
The Trust may be suitable for investors with an investment horizon of five or more years, who are seeking exposure to a portfolio of Australian "value oriented" companies.
Fund Facts
Investment Approach
Perennial Value invests by applying a "value" investment style. Perennial Value seeks to buy "good businesses that are undervalued" with an underlying belief that good businesses are always eventually recognised by markets and are positively re-valued.
Investment Strategy
The Trust invests in a range of companies listed (or soon to be listed) on the ASX which Perennial Value, the investment manager, believes have sustainable operations and whose share prices offer good value.
The cornerstone to this approach is a strong emphasis on company research. The aim is to develop a detailed understanding of each company before committing investors' funds.
The process aims to ensure that the Trust's investment decisions are focused on buying stocks offering good value and selling stocks offering poor value.
The portfolio will typically hold approximately 45 stocks with a minimum stock holding of 20 and a maximum of 70.
The Trust will attempt to be fully invested at all times, with a cash exposure not exceeding 10% for any length of time.
The Trust is authorised to utilise derivative instruments for risk management purposes, subject to the specific restriction that they cannot be used to gear portfolio exposure.