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Pursuing strong and consistent returns
Perennial Better Future has committed to plant one tree for each direct client invested in our funds, working with the OneTreePlanted initiative.
The Perennial Better Future Fund (Managed Fund) (ASX:IMPQ) is an actively managed portfolio of mainly smaller and mid-cap listed (and unlisted) companies.
We seek to invest in sustainable themes such as healthcare, education, renewable energy, low carbon technology, water management, environmental services and improving social welfare. We also invest in companies that have an Environmental, Social, Governance and Engagement Score (“ESG&E Score”) that is better than the benchmark.
The Fund does not invest in companies that to our knowledge receive any revenue from the manufacture, distribution or mining of tobacco or alcohol products (including electronic nicotine delivery systems e.g. ‘vaping’ devices, e-cigarettes), weapons or armaments, thermal coal, uranium, oil or gas, gambling, pornography, toxic pesticides, old growth forest logging or operations or transportation associated with the live exportation of animals offshore*.
*For a full list of inclusions and exclusions, please refer to the PDS.
Items
Announcement Date
3/07/2023
Ex Date
29/06/2023
Record Date
30/06/2023
DRP Cut Off Date
3/07/2023
Payment Date
12/07/2023
Distribution
4.1844 cents per unit
DRP Price
$4.9559
Important distribution information
The Perennial Better Future Fund (Managed Fund) (ASX:IMPQ) is an actively managed portfolio of mainly small and midcap listed (and unlisted) companies that are considered to be “Better Future Investments”. “Better Future Investments” are “Better Future Enabler Investments” or “Better Future Leader Investments.”
“Better Future Enabler Investments” are defined as companies that at the time of acquisition, conduct businesses that are deriving more than 50% of their gross revenue from business operations that:
“Better Future Leader Investments” are companies that, at the time of acquisition, have a Perennial-derived Environmental, Social, Governance and Engagement Score (ESG&E Score), which exceeds the weighted ESG&E score of the benchmark index and does not satisfy the Better Future Enabler Investments definition.
The ESG&E Score is a proprietary scoring system that has been developed by Perennial Better Future. Perennial Better Future uses the ESG&E Score to evaluate a company’s Environmental, Social and Governance (ESG) performance. As part of the ESG&E Score, the Investment Manager undertakes an assessment on each individual ESG component and considers relevant factors as part of its assessment. These factors include, but are not limited to:
The ESG&E Score also assesses the company’s ‘Engagement’ on ESG related issues and subjectively assesses to what extent the company is engaged with improving ESG and sustainability outcomes within the business. The ESG&E Scoring methodology applies a 20% weighting to each ‘Environmental’, ‘Social’ and ‘Governance’ component and applies a 40% weighting to ‘Engagement’. This provides a total weighted score out of 10, which is then compared with the benchmark’s weighted average ESG&E score. Factors such as the outcome of Perennial Better Future’s engagement with company management and directors will also be considered as part of the company’s assessment. Perennial Better Future may also take into account external information such as publicly available data, financial disclosures, annual reports, sustainability reports, the company’s website, stockbroker research and external data sources.
Typically, no less than 35% of the portfolio will be held in Better Future Enabler Investments.
The Fund does not invest in companies that, to the best of the Investment Manager’s knowledge, receive any revenue from:
Management fee of 0.99% pa, inclusive of GST and RITC and a monthly performance fee of 20% of any out performance of the Benchmark Index. The Benchmark Index is the S&P/ASX Small Ordinaries Accumulation Index.
For a performance fee to be paid:
Past performance is not a reliable indicator of future performance.
Only institutional, sophisticated and wholesale investors, as defined in the Corporations Act 2001 (Cth), may make applications to invest in the Perennial Private to Public Opportunities Fund.
Are you a Wholesale Investor?
Perennial Better Future Fund Commentary 03/21