Perpetual ESG Real Return Fund

Investing in the Perpetual ESG Real Return Fund

The Perpetual ESG Real Return Fund predominantly invests in a diversified portfolio of assets that meet Perpetual’s ESG and values-based criteria. The Fund targets a pre-tax return of 5% per annum above inflation, (before fees and taxes), over rolling five-year periods, while minimising downside risk over rolling two-year periods.

Because it is focused on reducing uncertain investment outcomes, the Fund is designed for investors seeking a smoother, more regular profile of returns, seeking to protect against inflation and managing volatility without having to sacrifice growth.

As a real return fund, the Fund applies a dynamic asset allocation approach, which is designed to allow the portfolio manager the greatest flexibility to achieve the fund’s objective. There is no universal, consistent approach to ESG across every asset class in the Fund due to practical and fundamental issues of investing in each asset class. The Fund’s approach to ESG screening will vary across asset classes and by investment strategy within each asset class where applicable.

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Perpetual's values-based and ESG exclusionary screen

The Fund’s approach to ESG screening will vary across asset classes and by investment strategy within each asset class where applicable. As a result, there may be scenarios where the Fund may hold a significant (>50%) allocation to assets where no ESG approach is applied.

Asset Class	How the Fund invests in the Asset class	ESG Screening Approach - Exclusionary Screening
Australian Equities	Perpetual ESG Australian Share Fund	Yes^*
International Equities	Trillium Gloal Sustainable Opportunities Fund & Trillium ESG Global Equity Fund (collectively the "ESG Managed Funds)	Yes^#
International Equities	ESG Exchange Traded Funds (ESG ETFs)	Yes
Fixed income and credit	Perpetual ESG Credit Income Fund	Yes^*
Fixed income and credit	ESG ETFs	Yes
Property	Exchange Traded Funds (ETFs)	No
Commodities	Derivatives^{^} ETFs	No No
Other investments	Other investments may include but are not limited to hedge fund replication strategies, specialist credit and structured products.	No
Cash	Cash and Cash equivalents	No

^{^ Currently there is no ESG approach applied to the use of derivatives.
* Refer to Perpetual ESG Exclusionary screen, page 28 of the Perpetual Investment Funds PDS.
# Trillium is a related party of Perpetual. Please see Trillium for more information on the Trillium Exclusionary Screening, ESG integration and stewardship process.}

For those asset classes that apply an exclusionary screening approach, we may utilise ESG ETFs and ESG Managed Funds (ESG Investments). These are analysed, by comparing the exclusionary screening approach of the ESG Investments to Perpetual’s Values-based, ESG and Sovereign exclusionary screens. This is to ensure a degree of exclusionary screening consistency where possible across the Fund.

‘Whole of portfolio' solution

Integrated approach to managing portfolios including defining the clear role of each investment in achieving a portfolio’s investment objectives and centrally managing risks at the portfolio level rather than in isolation.

Investments are focused on opportunities

We focus on using the broadest set of investment opportunities. This means that our asset allocation is always changing, not only to capture the best returns but also to minimise the risk of loss.

Lower volatility

Because the Fund is focused on managing overall volatility, we aim to provide a smooth and consistent sequence of returns for investors. Our approach seeks to lower risk and protect capital.

Wide variety of investment opportunities

The Fund can invest in some harder to access investment opportunities, such as unlisted property, private equity, infrastructure, frontier markets and commodities strategies; as well as traditional assets.

Pricing & Performance

Fund Commencement: May 2021

Unit Pricing

As at 07/11/2024

Entry 0.989

Exit 0.988

View Price History

Distributions

Frequency

Quarterly

Cents per Unit

1.117

Reinvestment Price

0.997

View Distribution History

Performance

As at 31/10/2024

Returns

As at 31/10/2024

	Growth (%)	Distribution (%)	Total (%)
1 month	-0.81%	--	-0.81%
3 month	-0.82%	1.11%	0.29%
6 month	1.57%	1.18%	2.75%
1 year	4.20%	1.21%	5.41%
3 year	-0.92%	1.12%	0.20%
5 year	--	--	--
10 year	--	--	--

Documents & Resources

Fund Profile Target Market Determination (TMD) Perpetual Investment Funds PDS.pdf

Investment Approach

The fund predominantly invests in a diversified portfolio of assets that meet Perpetual's ESG and values-based criteria. The combination of assets held by the fund at any time are those which we believe provide the greatest probability of achieving the target return over rolling five-year periods. Perpetual may adjust the Fund's asset allocation to respond to changing market conditions and/or to take advantage of new opportunities. In managing the Fund to meet its investment objective, the fund may implement a considerable amount of its exposures via derivatives and may include alternative assets.

Details & Fees

Investment Objective	Aims to target a pre-tax return of 5% per annum above inflation (before fees and taxes) over rolling five-year periods, while minimising downside risk over rolling two-year periods.
Minimum Suggested Timeframe	5 years or longer
Fund Manager	Perpetual Investment Management Limited
Asset Class	Multi-Asset
Minimum Initial Investment	$25,000
Minimum Initial Investment (with saving plan)	$25,000	Monthly Minimum	Nil
Minimum Additional Investment	$2,000

Australian equities	0 - 50%
Cash	0 - 100%
Commodities	0 - 15%
Fixed income and credit	0 - 100%
International equities	0 - 50%
Other investments	0 - 15%
Property	0 - 15%

Quarterly

March 31, June 30, September 30, December 31

Entry	0
Exit	0
Management Fee (p.a.)	0.85% . Refer to PDS for Management Costs
Buy / Sell Spread	0.07% / 0.07%
Management Notes	Refer to PDS for Management Costs

What Are The Risks?

All investments carry risk. While it is not possible to identify every risk relevant to your investment, we have provided details of the risks that may affect your investment in the relevant product disclosure statement (PDS) or offer document.

You can find PDSs and other documents in our resources section. The relevant PDS, offer documents and forms can also be found in the sections below:

Investment Superannuation Retirement

More fund resources

More information about the Perpetual ESG Real Return Fund can be found in the following brochures:

The case for real return investing

How to Invest

Apply online for a new Perpetual Investment Fund Invest now

Perpetual Investment Funds feature Perpetual’s leading investment management capabilities. They are designed for individual and wholesale investors, and super fund trustees, with $25,000 or more to invest.You can also invest through investor directed portfolio services. Applications to invest in Perpetual Investment Funds can be made through the myPerpetual application portal online.

Before applying for a Perpetual Investment it's important to review the Product Disclosure Statement (PDS), and related documents to ensure you understand how the fund works and the risks involved.

Information on Customer Identification Requirements

Investment Forms, PDS's and Offer Documents

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Update or apply for additional investment in my Perpetual fund Access the myPerpetual Portal

Applications for additional investment to your Perpetual Fund can be done by accessing the online account portal myPerpetual, or via the post where completed additional investments form & documents should be sent to this address:

Perpetual Investment Funds

GPO Box 4171, Sydney NSW 2001

Review the current PDS and related documents. They may have changed since you first invested.

Information on Customer Identification Requirements

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Perpetual Investment Funds New Application

Applications for Perpetual Investment aFunds can be made via investor directed portfolio services. Financial advisers can make applications through the Perpetual application portal online, or via the post where completed application & documents should be sent to this address:

Before applying for a Perpetual Investment Fund, it's important to review the Product Disclosure Statement (PDS) and related documents to ensure you understand how the plan works and the risks involved.

Perpetual Investment Funds

GPO Box 4171, Sydney NSW 2001

Information on Customer Identification Requirements

Find out more about Perpetual Investment Funds

Continuous disclosure and updates for Perpetual Investment Funds

Contact an institutional relationship manager or phone 1800 110 941. Contact

With one of Australia’s largest, most well-resourced and experienced investment teams, Perpetual offers institutional investors expertise across four major investment capabilities: Australian equities; global equities; cash, credit and fixed income; and multi asset strategies. These capabilities can be accessed via pooled investment funds or tailored mandates.

Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 and/or Perpetual Superannuation Limited ABN 84 008 416 831 AFSL 225246 are the issuers of the Funds. you should consider the relevant Fund product disclosure statement or other offer document before deciding whether to invest. The product disclosure statements and target market determinations for the Funds are available on this website.

Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for entry fees, exit fees or where applicable taxation. Future returns may bear no relationship to the historical information displayed. The returns shown represent past returns only and are not indicative of future returns of a Fund. Returns on a Fund can be particularly volatile in the short term and in some periods may be negative.

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