Perpetual SHARE-PLUS Long-Short Fund - Class S

The Perpetual SHARE-PLUS Long-Short Fund invests in companies we believe will rise in value and takes short positions in companies we believe will fall in value.

The Fund offers investors a broader set of investment opportunities: it can take long (to hold) and short (to sell) positions in companies and may hold up to 35% of the portfolio in cash.

We employ our tried and proven bottom-up stock selection process for both long and short positions. Through fundamental company research, we aim to identify opportunities to buy quality, undervalued companies. On the short side of the portfolio we opportunistically target stocks that we expect will underperform. We rarely short the index, we short companies.

Outstanding track record

The Fund has historically outperformed its benchmark, the S&P/ASX 300 Accumulation Index, over the long term.

More flexibility in implementing ideas

By taking long and short positions the Fund has the flexibility to generate returns from rising and falling share prices.

Rigorous research for stock selection

Perpetual’s bottom-up company research generates the insights that drive our stock selection for both long and short positions. We focus on quality and value to identify companies with the greatest return potential.

Specialist shorting expertise

Perpetual’s equity team has a highly experienced shorting investment capability. This skill and experience has helped the Fund identify shorting opportunities that have added to returns.

Demystifying Long-Short Funds

Learn more about the investment approach of the Perpetual SHARE-PLUS Long-Short Fund from Anthony Aboud and Paul Skamvougeras.

Download the Brochure

Anthony Aboud on his Long-Short strategy

Anthony Aboud, Perpetual’s Deputy Head of Equities and Portfolio Manager for the SHARE-PLUS Long-Short Fund, explains shorting and the key features of his long-short strategy.

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

October 28, 2024. We refer to the distributions posted on the Distribution History webpage between 14 August 2024 to 19 September 2024. During this period, the Distribution History for this product incorrectly displayed duplicates of the December 2023 distribution record for the 2024 Financial Year, and resulted in an inaccurate subtotal for the 2024 Financial Year. This has been rectified and the correct distribution history has been displayed on our website from 19 September 2024. The Distribution data summary included in this product page was not impacted.

We sincerely apologise for any inconvenience caused. If you have any questions, please email us at investments@perpetual.com.au or phone us on 1800 022 033 during business hours (Sydney time).

Pricing & Performance

Fund Commencement: January 2022

Unit Pricing

As at 23/12/2024

Entry 0.955

Exit 0.952

View Price History

Distributions

Frequency

Half Yearly

Cents per Unit

2.438

Reinvestment Price

0.915

View Distribution History

Performance

As at 30/11/2024

Returns

As at 30/11/2024

	Growth (%)	Distribution (%)	Total (%)
1 month	5.03%	--	5.03%
3 month	7.96%	--	7.96%
6 month	5.59%	2.82%	8.41%
1 year	18.55%	5.14%	23.69%
3 year	--	--	--
5 year	--	--	--
10 year	--	--	--

Documents & Resources

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

Investment Approach

Perpetual research 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 - recurring earnings The fund may have up to 20% exposure to investments in international shares. Derivatives may be used in managing the fund.

Details & Fees

Investment Objective	Aims to provide long-term capital growth and income through investment in quality shares and taking short positions predominantly in selected Australian shares.
Minimum Suggested Timeframe	5 years or longer
Fund Manager	Perpetual Investment Management Limited
Asset Class	Australian Shares
Minimum Initial Investment	$500,000
Minimum Initial Investment (with saving plan)	$100	Monthly Minimum	Nil
Minimum Additional Investment	$2,000

Half Yearly

June 30, December 31

Entry	0
Exit	0
Management Fee (p.a.)	Please contact us for a copy of the PDS
Buy / Sell Spread	0.18% / 0.18%
Management Notes	Management fee - 0.80% GAV - 1.12% NAV

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.

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.

Meet the team

Anthony Aboud

Deputy Head of Equities, Portfolio Manager - Industrial Shares, SHARE-PLUS Long-Short, Pure Equity Alpha

Analyst, BEc, CFA

Sean Roger

Deputy Portfolio Manager - Pure Equity Alpha, SHARE-PLUS Long-Short

BAcc

Other Links

Perpetual ESG Australian Share Fund (Managed Fund) (ASX:GIVE... Barrow Hanley Global Share Fund (Managed Fund) (ASX:GLOB) All Australian Shares Funds Perpetual ESG Australian Share Fund Perpetual Australian Share Fund Perpetual Smaller Companies Fund Perpetual Pure Value Share Fund

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