Perpetual : Pure Credit Alpha Fund receives ‘Recommended’ rating from Zenith

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Media Release

The Perpetual Pure Credit Alpha Fund (Fund) has received a ratings upgrade to 'Recommended'1 from Zenith Investment Partners (Zenith) in recognition of its strong strategy and experienced team2,3.

Zenith's confidence is underpinned by the team's expertise and strong leadership under Perpetual Investment's Head of Credit & Fixed Income, Michael Korber. Zenith considers Mr Korber to be one of the more experienced fund managers in the credit space.

As at 31 April 2017, the Perpetual Pure Credit Alpha Fund returned 7.52% p.a. (after fees) exceeding the RBA Cash Rate benchmark of 2.46% p.a. since inception4. The fund aims to outperform the Cash Rate by 3% p.a. to 5% p.a. over rolling three-year periods.

The Fund leverages Perpetual's 20 years of success in active asset allocation, and is managed by a six-person investment team with an average of 20 years' industry experience.

"Credit continues to play a key role in an investment portfolio regardless of the market environment, but particularly for those investors seeking diversification and income generation," Mr Korber said.

The Fund utilises a flexible barbell approach combining investment grade credit with high yielding securities, allowing the team to use a number of strategies in response to market changes and capitalise on opportunities in the physical and synthetic markets.

"Our unique Core/Plus strategy for the Pure Credit Alpha Fund allows investors to access higher returns with managed risk."

"The inclusion of high yield products in the portfolio, including leveraged loans, sub- investment grade bonds and asset backed securities, drives returns through the market cycle. At the same time, the Core assets underpin the Fund's capital stability."

"In a low return environment, using a pure credit alpha approach provides the income investors are looking for while focusing on capital preservation," Mr Korber said.

Daniel Wright

Phone: 0401 703 616

Email: daniel.wright@perpetual.com.au

1 'Recommended' products are deemed strong investments within their respective asset class, typically rating first quartile on most criteria. Source: Zenith.

1. Source: Zenith Product Assessment: Perpetual Pure Credit Alpha Fund W Class

2. Ratings is only one factor to be taken into account when deciding whether to acquire or hold units in the Fund.

3. Inception date: March 2012

Perpetual is a financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, go to www.perpetual.com.au

This information has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426. It is general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. The relevant product disclosure statement should be considered before deciding whether to acquire or hold units in the Fund. The relevant PDS can be obtained by calling 1800 062 725 or visiting www.perpetual.com.au . No company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) guarantees the performance of any fund or the return of an investors capital. Past performance is not indicative of future performance.