Perpetual researches companies of all sizes using consistent share selection criteria. Perpetual’s priority is to select those companies that represent the best investment quality and are appropriately priced

Enhance long-term capital growth through borrowing (gearing) to invest predominantly in quality Australian
industrial and resource shares

Benefits of Investing with Perpetual Investment Funds

Perpetual Investment Funds are a suite of investment funds managed by Perpetual where you can choose to invest in:

• a single asset class fund(s), including Australian shares, global shares and fixed income

• a multi asset class fund(s) where we determine the allocation of investments between various asset classes.

This gives you the flexibility to structure an investment portfolio to best suit your needs.

The fund is designed for consumers who:

• are seeking capital growth
• are intending to use the Fund as a satellite allocation within a portfolio
• have a minimum investment time

About the Fund

The Perpetual Geared Australian Share Fund aims to:

• enhance long-term capital growth through borrowing (gearing) to invest predominantly in quality Australian industrial and resource shares, and

• outperform the benchmark (before fees and taxes) over rolling three-year periods

Investment Approach

Perpetual researches companies of all sizes using consistent share selection criteria. Perpetual’s priority is to select those companies that represent the best investment quality and are appropriately priced. In determining investment quality, investments are carefully selected on the basis of four key investment criteria:

• conservative debt levels
• sound management
• quality business and
• recurring earnings.

The gearing level of the Fund must be kept within pre-determined guidelines. Within these, Perpetual aims to ensure
that the gearing level is maximised, subject to the cost of borrowing being adequately covered by net income.

The Fund may have up to 20% exposure to investments in international shares where we believe there are opportunities
that may enhance returns.

Derivatives may be used in managing the Fund, including for gearing purposes.

How We Invest Your Money

Investment guidelines

• Australian Shares: 90-100%
• Cash: 0-10%
• Gearing Level: 0-60%

The gearing level of the Fund must be kept within pre-determined guidelines. Within these, Perpetual aims to ensure that the gearing level is maximised, subject to the cost of borrowing being adequately covered by net income.

The Fund may have up to 20% exposure to investments in international shares.

Derivatives may be used in managing the Fund, including for gearing purposes.

Additional information about this complex Fund can be found on pp26-9 of the product's PDS.