Perpetual Diversified Real Return Fund (PER0556AU) Report & Performance

What is the Perpetual Diversified Real Return Fund fund?

Perpetual Diversified Real Return Fund invests across a range of strategies, regions and sectors. 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. It aims to achieve this return with lower levels of volatility than a traditional balanced fund. Diversifying the sources of risk to form a more efficient multi-asset portfolio and seeking to reduce the uncertainty of investment outcomes over the investment horizon and protect returns against inflation.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Perpetual Diversified Real Return Fund

Perpetual Diversified Real Return Fund Fund Commentary September 30, 2023

The Diversified Real Return Fund returned 1.3% (gross) in the September quarter. Over the past year, the Fund has returned 4. 5% (gross) and over the past 5 years the Fund has returned 4.7% (gross) per annum compared with the objective of 8.6% (CPI plus 5%*) over rolling 5 years. Since inception (in 2010) the Fund has returned 6.4% (gross) per annum compared with the objective of 7.8% (CPI plus 5%*).

The Fund’s elevated cash allocation was the most substantial contributor to return during a quarter where equities and bonds recorded capital losses. Cash continues to offer robust returns following the 400bps of rate increases since early 2022, with the Fund’s US dollar exposure also reflecting the strength of the US economy in addition to its higher interest rates.

Equity exposures were mixed for performance over the quarter. Equities markets fell over the course of August and September as bond yields rose and weighed on equity valuations, but the Fund’s equity put options increased in value and provided solid protection.

Meanwhile, the Fund’s allocation to fixed income detracted over the quarter as US and Australian bond yields rose sharply in August and September, as did the small allocation to a diversified basket of commodities including Gold.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Performance Review
  • Product Overview
  • Peer Comparison
  • Product Details

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Perpetual Diversified Real Return Fund0.77%2.7%5.63%2.75%5.56%2.4%2.64%3.22%-0.65%-2.62%-3.56%

Product Overview

Peer Comparison

Product Details

Product Due Diligence

What is Perpetual Diversified Real Return Fund

Perpetual Diversified Real Return Fund is an Managed Funds investment product that is benchmarked against Multi-Asset Growth Investor Index and sits inside the Multi-Asset - Real Return Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Perpetual Diversified Real Return Fund has Assets Under Management of 632.75 M with a management fee of 0.85%, a performance fee of 0.00% and a buy/sell spread fee of 0.22%.

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Historical Performance Commentary

Performance Commentary - August 31, 2023

The Diversified Real Return Fund returned 0.7% (gross) in August. Over the past year, the Fund has returned 5.0% (gross) and over the past 5 years the Fund has returned 4.7% (gross) per annum compared with the objective of 8.7% (CPI plus 5%*) over rolling 5 years. Since inception (in 2010) the Fund has returned 6.5% (gross) per annum compared with the objective of 7.8% (CPI plus 5%”).

The Fund’s defensive positioning mitigated the impact of elevated volatility and sliding equity markets during August. In a month where global equities recorded a total return of -1.7%, the Fund’s low equity weight and elevated cash allocation culminated in positive returns. The aggressive tightening of monetary policy since early 2022 has increased the attractiveness of yields offered on cash type investments, whereas rising valuations and stretched earnings expectations leave regional equity markets quite vulnerable to even modest changes in sentiment or expectations.

The Fund’s modest allocation to developed and emerging markets were the largest detractor from performance last month as global equities sold off. Typically defensive assets such as government bonds and gold both experienced capital losses but cash bucked this trend, contributing to performance.

Performance Commentary - July 31, 2023

Performance Commentary - June 30, 2023

Performance Commentary - May 31, 2023

Performance Commentary - February 28, 2023

Performance Commentary - January 31, 2023

Performance Commentary - December 31, 2022

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