Perennial Value Shares for Income Trust Performance Review | News

What is the Perennial Value Shares for Income Trust fund?

Perennial Value Shares For Income Trust aims provide investors with an attractive level of tax effective income. The portfolio invests in a well-diversified range of publicly listed companies listed (or soon to be listed) on the ASX, which we believe have sustainable operations and collectively offer a superior dividend yield (when taking into account franking credits) to the overall market. It aims to provide a dividend yield, adjusted for applicable franking credits and before fees, above that provided by the S&P/ASX 300 Accumulation Index.

Pay monthly income distribution.
Typically hold in the range of 20 to 70 stocks.
Considered as a high risk/return investment with minimum 5 years investment time frame suggestion.

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Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Latest News & Updates For Perennial Value Shares for Income Trust

Perennial Value Shares for Income Trust Fund Commentary September 30, 2023

During the month, we exited our holdings Wesfarmers, Kathmandu and Perpetual, all of which are facing a more challenging environment. Proceeds were used to increase holdings in the banks and miners. At month end, stock numbers were 29 and cash was 5.4%.

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Product Snapshot

Product Overview
Performance Review
Peer Comparison
Product Details

Product Overview

Fund Name	APIR Code ? A Product Code is unique a identifier code issued by a group or governing body, to reference products in a large group. For an example, APIR codes are commonly used for Funds and Ticker codes are commonly used for Securities such as ETFs and Stocks.	Structure ?	Asset Class ? An Asset Class breakdown provides the percentages of core asset classes found within a mutual fund, exchange-traded fund, or another portfolio. Asset classes (in microeconomics and beyond) generally refer to broad categories such as equities, fixed income, and commodities.	Asset Category ? An Asset Category is a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. Asset categories (or a sub-asset class) are made up of instruments which often behave similarly to one another in the marketplace, looking down to the Asset Category level is important if looking to build a diversified portfolio.	Peer Benchmark Name ? A Peer Index (benchmark) refers to a peer group of investment managers who have the same investment style or category. It is used to compare the performance of one manager to their peer group, which makes it simpler for investors to choose between the vast number of investment managers.	Broad Market Index ? A Market Index (benchmark) refers to a hypothetical portfolio of investments that represents a segment, asset or category of an investable market. Market Indices are used to benchmark managers performance, to assist their style reliability and ability to provide excess returns.	FUM ? Funds/Assets under management (AUM) is the total market value of the investments that a person or entity manages on behalf of clients. Assets under management definitions and formulas vary by company.	Management Fee ? A management fee is a charge levied by an investment manager for managing an investment fund. The management fee is intended to compensate the managers for their time and expertise for selecting finanical products and managing the portfolio.	Performance Fee ? A performance fee is a payment made to an investment manager for generating positive returns. This is as opposed to a management fee, which is charged without regard to returns. A performance fee can be calculated many ways. Most common is as a percentage of investment profits, often both realized and unrealized. It is largely a feature of the hedge fund industry, where performance fees have made many hedge fund managers among the wealthiest people in the world.	Spread ? A spread can have several meanings in finance. Basically, however, they all refer to the difference between two prices, rates or yields. In one of the most common definitions, the spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity. This is known as a bid-ask spread.
Perennial Value Shares for Income Trust	IOF0078AU	Managed Funds	Domestic Equity	Australia Large Value	Domestic Equity - Large Value Index	ASX Index 200 Index	20.01 M	0.92%	0.00%	0.6%

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.
Perennial Value Shares for Income Trust	3.16%	-3.28%	5.87%	4.78%	6.25%	9.22%	11.41%	13.82%	-7.19%	-10.28%	-45.57%

Peer Comparison

Fund Name	Peer Index Name ? A group of individuals who share similar characteristics and interests are called peer groups. Peer group analysis is an essential part of assessing a price for a particular stock in investment research. The emphasis here is on making a comparison, meaning that the peer group constituents should be more or less identical to the company being examined, especially in terms of their main business and market capitalization areas.	12 Months Excess Return ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	Excess Return Annualised Since Inception ? Excess returns are an important metric that helps an investor to gauge performance in comparison to other investment alternatives. In general, all investors hope for positive excess return because it provides an investor with more money than they could have achieved by investing elsewhere.	12 Months Alpha ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market return over 12 months. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	Alpha Annualised Since Inception ? Alpha is used in finance as a measure of performance, indicating when a strategy, trader, or portfolio manager has managed to beat the market annualized since inception. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market’s movement as a whole.	12 Months Beta ? Rolling 12Month Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	Beta Annualised Since Inception ? Beta is a measure of the volatility—or systematic risk—of a security or portfolio compared to the market as a whole. Beta is used in the capital asset pricing model (CAPM), which describes the relationship between systematic risk and expected return for assets (usually stocks).	12 Months Tracking Error ? 12Month Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark over the last 12 months. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	Tracking Error Since Inception ? Since Inception tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark since inception. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. Evaluating a past tracking error of a portfolio manager may provide insight into the level of benchmark risk control the manager may demonstrate in the future.	12 Months Correlation ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.	Correlation Since Inception ? Correlation, in the finance and investment industries, is a statistic that measures the degree to which two securities move in relation to each other. Correlations are used in advanced portfolio management, computed as the correlation coefficient, which has a value that must fall between -1.0 and +1.0.
Perennial Value Shares for Income Trust	Domestic Equity - Large Value Index	-0.66%	-0.85%	NA%	NA%	NA%	1	3.35%	3.25%	0.94	0.97

Product Details

Fund Name	Verifed by SMSF Mates	Manager Address	Phone	Website	Email
Perennial Value Shares for Income Trust	Yes		-	https://perennial.com/	-

Product Due Diligence

What is Perennial Value Shares for Income Trust

Perennial Value Shares for Income Trust is an Managed Funds investment product that is benchmarked against ASX Index 200 Index and sits inside the Domestic Equity - Large Value 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 Perennial Value Shares for Income Trust has Assets Under Management of 20.01 M with a management fee of 0.92%, a performance fee of 0.00% and a buy/sell spread fee of 0.6%.

How has the investment product performed recently?

The recent investment performance of the investment product shows that the Perennial Value Shares for Income Trust has returned 3.16% in the last month. The previous three years have returned 4.78% annualised and 13.82% each year since inception, which is when the Perennial Value Shares for Income Trust first started.

How is risk measured in this investment product?

There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since Perennial Value Shares for Income Trust first started, the Sharpe ratio is NA with an annualised volatility of 13.82%. The maximum drawdown of the investment product in the last 12 months is -7.19% and -45.57% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.

What is the relative performance of the investment product?

Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The Perennial Value Shares for Income Trust has a 12-month excess return when compared to the Domestic Equity - Large Value Index of -0.66% and -0.85% since inception.

Does the investment product produce Alpha over its Peers?

Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. Perennial Value Shares for Income Trust has produced Alpha over the Domestic Equity - Large Value Index of NA% in the last 12 months and NA% since inception.

What are similar investment products?

For a full list of investment products in the Domestic Equity - Large Value Index category, you can click here for the Peer Investment Report.

What level of diversification will Perennial Value Shares for Income Trust provide?

Perennial Value Shares for Income Trust has a correlation coefficient of 0.97 and a beta of 1 when compared to the Domestic Equity - Large Value Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.

How do I compare the investment product with its peers?

For a full quantitative report on Perennial Value Shares for Income Trust and its peer investments, you can click here for the Peer Investment Report.

How do I compare the Perennial Value Shares for Income Trust with the ASX Index 200 Index?

For a full quantitative report on Perennial Value Shares for Income Trust compared to the ASX Index 200 Index, you can click here.

Can I sort and compare the Perennial Value Shares for Income Trust to do my own analysis?

To sort and compare the Perennial Value Shares for Income Trust financial metrics, please refer to the table above.

Has the Perennial Value Shares for Income Trust been independently verified by SMSF Mate?

This investment product is in the process of being independently verified by SMSF Mate. Once we have verified the investment product, you will be able to find more information here.

How can I invest in Perennial Value Shares for Income Trust?

If you or your self managed super fund would like to invest in the Perennial Value Shares for Income Trust please contact via phone or via email .

How do I get in contact with the Perennial Value Shares for Income Trust?

If you would like to get in contact with the Perennial Value Shares for Income Trust manager, please call .

Comments from SMSF Mates

SMSF Mate does not receive commissions or kickbacks from the Perennial Value Shares for Income Trust. All data and commentary for this fund is provided free of charge for our readers general information.

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Historical Performance Commentary

Performance Commentary - August 31, 2023

During the month, we exited our holding in United Malt, selling it into the takeover bid. Proceeds were used to establish a new position in Computershare, which is benefitting from ongoing higher interest rates and from the expected pick up in corporate activity. At month end, stock numbers were 32 and cash was 2.3%.

Performance Commentary - July 31, 2023

During the month, we increased our holdings in CBA, reducing our underweight following a period of underperformance by the banks. The sector is likely to perform better on the back of improved sentiment to the macroeconomic outlook. At month end, stock numbers were 32 and cash was 4.8%.

Performance Commentary - June 30, 2023

During the month, we trimmed our bank holdings and added to our REIT exposure, establishing positions in Dexus and GPT. These are now offering reasonable value following a period of significant underperformance. At month end, stock numbers were 32 and cash was 4.5%.

Performance Commentary - May 31, 2023

During the month, we took profits and exited our holding in Qantas. Proceeds were used to increase our holdings in the major banks ahead of their dividend paying period. At month end, stock numbers were 30 and cash was 2.6%.

Performance Commentary - April 30, 2023

During the month, we reduced our holdings in the bulk miners and increased our holdings in the major banks ahead of their dividend paying period. At month end, stock numbers were 31 and cash was 10.3%.

Performance Commentary - March 31, 2023

During the month, we added to our major bank holdings, following their recent underperformance and exited our holdings in Transurban and Incitec Pivot. At month end, stock numbers were 31 and cash was 5.2%.

Performance Commentary - February 28, 2023

During the month, we reduced our holdings in the major banks and reinvested the proceeds into defensive names such as Woolworths, Coles and Telstra. At month end, stock numbers were 33 and cash was 2.6%.

Perennial Value Shares for Income Trust (IOF0078AU) Report & Performance