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Shares for Income

The Trust provides an actively managed exposure to a portfolio of shares that offer a consistent cash dividend and a high level of franking credits.

Investment return objective

The aim of the Trust is to provide investors with an attractive level of tax effective income, which the Trust aims to pay via quarterly distributions. The Trust aims to provide a dividend yield, adjusted for applicable franking credits and before fees, above that provided by the S&P/ASX 300 Accumulation Index.

Suitable investor profile

Investors with an investment horizon of five or more years, who are seeking regular tax effective income through the provision of quarterly distributions.

Description of Trust

The Trust invests in a well diversified range of publicly listed companies listed (or soon to be listed) on the ASX, which Perennial Value, the investment manager, believes have sustainable operations and collectively offer a superior dividend yield (when taking into account franking credits) to the overall market. Perennial Value will aim to keep the Trust's net realised capital gains to a minimum.

The portfolio will typically hold in the range of 20 to 70 stocks.

Investment summary

Minimum investment 
$25,000

Minimum added investment
$5,000

Risk/Return profile 
High

Returns achieved mainly through
Income

Income distribution 
Quarterly

Minimum recommended investment period 
5 years

Investment management fee 
0.92% p.a. 

Buy/Sell spread 
0.30/0.30

Franking credit level (%)
FY16 - 55.9
FY15 - 88.4
FY14 - 115.0
FY13 - 97.8
FY12 - 98.5
FY11 - 100.1
FY10 - 95.9 
FY09 - 91.1

Net performance View all performance
Latest unit prices

Effective date:
17 Aug 2017

Entry price:
1.0947

Exit price:
1.0882

View past unit prices
Distributions

* A trust 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).

View past distributions
Top stock holdings

The composition of the Trust's investments is subject to constant change. The holding of securities may vary or be disposed of at any time.

Asset allocation

The composition of the Trust's investments is subject to constant change. The holding of securities may vary or be disposed of at any time.

Issued by: The Investment Manager, Perennial Value Management Limited, ABN 22 090 879 904, AFSL: 247293. Responsible Entity: Perennial Investment Management Limited ABN 13 108 747 637, AFSL: 275101.This website is provided for information purposes only. Accordingly, reliance should not be placed on this information as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation. While every effort has been made to ensure the information in this website is accurate; its accuracy, reliability or completeness is not guaranteed. Past performance is not a reliable indicator of future performance. Gross performance does not include any applicable management fees or expenses. Net performance is based on redemption price for the period and assumes that all distributions are reinvested. Fees indicated reflect the maximum applicable. Contractual arrangements, including any applicable management fee, may be negotiated with certain large investors.  Investments in the Trusts must be accompanied by an application form. The current relevant product disclosure statements, Additional Information Booklet and application forms can be found on this website. Use of the information on this website is governed by Australian law and is subject to the terms of use.

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