Perpetual Dynamic Fixed Income Fund
An absolute return fund that seeks to provide investors with a regular income and consistent returns (For Wholesale Investors Only).
The Perpetual Dynamic Fixed Income Fund is a diversified portfolio of quality fixed-income investments. The Fund is an absolute return fund that seeks to provide investors with regular income and consistent returns.
The Fund actively invests in fixed and floating rates, credit and government securities. We seek to take advantage of credit and interest rate opportunities and believe that this flexibility can help the Fund achieve stable returns.
The Fund has a strategic interest rate risk (duration) exposure. We seek to make tactical adjustments to duration risk to reflect our interest rate views. We believe that tactical shifts to duration tend to be most effective during periods of extreme market movement.
The Fund is actively managed by an experienced team that has invested together for over a decade, using an investment approach that seeks to identify quality credit investments while actively managing duration.
The fund is designed to provide investors with a diversified fixed-income solution that manages both credit risk (creditworthiness) and duration risk (sensitivity to changes in interest rates) in different economic conditions.
Aims to provide capital stability and regular income by investing in a diversified range of income-generating assets, and a positive return (before fees and taxes) irrespective of market conditions over a rolling three-year period.
Perpetual aims to achieve the objective by:
- Investing in both Australian and international fixed-income assets.
- Actively managing the credit risk through:
- diversifying the fund among different securities issued by various borrowers
- actively managing for changes in market-wide and security-specific credit margins
- identifying and investing in relative value within the universe of credit securities
- Managing duration risk^ by considering a variety of factors, including valuations and current market conditions
Currency hedges may be used from time to time.
Derivatives may be used in managing the Fund.
^Interest rate duration is a measure. expressed as a number of years, of the sensitivity of the principal value of a fixed income investment to a change in interest rates. Generally. the closer duration is to zero the less interest rate risk there is in the Fund.
| Assets | Range % |
| Sub-investment grade securities and non rated securities | 0 - 25% |
| Cash and investment grade securities | 75 - 100% |
| Fixed rate exposure | 0 - 100% |
| Floating rate exposure | 0 - 100% |
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Perpetual Group is a diversified financial services company which has been serving Australians since 1886 when it was established as a trustee company by a group of businessmen including Sir Edmund Barton, later to be Australia’s first Prime Minister. That trustee heritage – and the culture it created in putting clients first – is what makes Perpetual unique.
Over more than 135 years we have supported clients and communities through periods of great change and volatility, continuing to evolve to provide products and services to meet the changing needs of our clients. As a business, we have always had an unparalleled ability to look through the noise of the external environment to see detail and opportunities that others do not.
Today, we are an ASX-listed company (ASX: PPT) headquartered in Sydney, Australia, providing asset management, private wealth and trustee services to local and international clients. Our operations span Australia, Asia, Europe, the United Kingdom and the United States.
The recent acquisition of Pendal Group brings together two of Australia’s most respected active asset management brands to create a global leader in multi-boutique asset management with approximately A$200 billion in assets under management.
At Perpetual, we are, and have always been, committed to acting in the best interests of our clients and the communities we support to ensure a positive impact and help build a sustainable future. We aim to be the most trusted brand in financial services.
Greg has over 28 years of experience in investment management, accounting and risk management. He has researched and analysed credit markets on both the buy side and sell side for over a decade and through multiple cycles. His research role is broad, he covers the bank and financial sector and is a credit signatory.
Greg is also a senior portfolio manager responsible for trade execution and portfolio construction for Perpetual's bond fund, absolute return fixed interest fund and exact market cash funds.
Prior to working at Perpetual, Greg had a similar research and portfolio management role at Macquarie Funds Management. And while at Macquarie Bank for over six years he had roles in debt markets research, risk and accounting. Earlier, Greg worked at PriceWaterhouseCoopers as a chartered accountant for over six years.
Qualifications: BCom (Acc & Fin), ICAA, SIA, AFMA
Michael Korber is Managing Director, of Credit & Fixed Income and is responsible for the ongoing strategic review and development of the process, reviewing the weekly credit process and reviewing the analysis of all new credit securities. Michael joined Perpetual in August 2004.
Michael has over 39 years of industry experience and prior to joining Perpetual worked as the first Head of Credit at Macquarie Funds Management, spending six years developing its credit investment processes and building the business from inception to over $7 billion in funds under management.
Prior to this, he spent seven years as Divisional Director in Corporate Banking and four years as second in charge to the Head of Macquarie Bank Credit. Earlier, he had spent five years as a Credit Analyst with Westpac Corporate Banking.
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The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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