Perpetual Limited · ASX:PPT
Perpetual — Investor Presentation (July 2025)
11 slides from Perpetual's investor presentation, July 2025
Slide 1: Investor Presentation
Investor Presentation July 2025
Slide 2: Important note
Important note This presentation has been prepared by Perpetual Investment Management Limited (PIML) ABN 18 000 866 535, AFSL 234426, as the issuer of the Perpetual Diversified Income Fund ARSN 110 147 665 (the Fund) and the issuer of the Perpetual Diversified Income Active ETF (ASX: DIFF) (Active E
Slide 3: Perpetual's specialist Credit and Fixed Income team
Perpetual’s specialist Credit and Fixed Income team One of the most experienced, stable and proven teams in the Australian market MICHAEL KORBER VIVEK PRABHU Managing Director Head of Credit and Fixed Income Credit and Fixed Income Portfolio Manager - Diversified Income Fund, • Portfolio Manager - P
Slide 4: Funds under management by strategy - $8b FUM
Funds under management by strategy - $8b FUM As at 30 June 2025 10,000 Strategy FUM $m % of total 9,000 Cash 853 10 8,000 7,000 Enhanced cash 940 11 6,000 Fixed / Dynamic 1,135 14 5,000 Income style 3,937 48 4,000 3,000 Unconstrained credit 1,311 16 2,000 TOTAL 8,175 100% 1,000 0 Mar 12 Sep 12 Mar 1
Slide 5: Perpetual Diversified Income Fund: Strategy overview and characteristics
Perpetual Diversified Income Fund Strategy overview and characteristics as at 31 July 2025 Opportunity Designed for investors seeking Running Yield 4.89% predictable outcomes, including: • Liquidity • Consistent income Spread 117.00 bps • Low capital volatility Benchmark + 200 bps Modified Duration
Slide 6: Perpetual Diversified Income Active ETF – ASX:DIFF: The Opportunity
Perpetual Diversified Income Active ETF – ASX:DIFF The Opportunity Domestic floating Broad & flexible Active ETF Proven stable & rate credit focus opportunity set structure experienced team • An active, diversified • Domestically biased, globally • Perpetual Diversified Income • Highly active approa
Slide 7: Why Credit & Fixed Income? Why Now? Why DIFF?
Why Credit & Fixed Income? Why Now? Why DIFF? Generates Diversify Future is Rising Risks for Predictable Above cash Low capital Low risk income portfolios uncertain volatility equities outcomes rate returns volatility • Fixed income offers defensive, lower-risk • The Landscape of fixed income is cha
Slide 8: Perpetual Diversified Income Fund: Portfolio positioning
Perpetual Diversified Income Fund Portfolio positioning as at 31 July 2025 Rating breakdowns Maturity profile BB NR 1.5% 0.9% 27.37% Cash 22.8% BBB 19.81% 28.8% 18.02% 10.83% 9.52% 7.63% A 6.82% 7.2% AA AAA 7.5% 31.3% 0-1 yrs 1-2 yrs 2-3 yrs 3-4 yrs 4-5 yrs 5-7 yrs 7+ yrs 8 Source: Perpetual Asset M
Slide 9: Perpetual Diversified Income Fund: Portfolio positioning
Perpetual Diversified Income Fund Portfolio positioning as at 31 July 2025 Breakdown by seniority Sector allocation CASH, 22.8% HYBRID, 11.6% ABS, 8.4% UTILITIES, 1.1% STRUCTURED, SENIOR, 0.1% 39.3% RMBS NC, 18.4% BANK, 10.0% RMBS, 5.6% CMBS, 4.5% SUBORDINATED PROPERTY, , 49.1% 1.6% Overseas BANK, C
Slide 10: Perpetual Diversified Income Fund: Spotlight on current holdings
Perpetual Diversified Income Fund Spotlight on current holdings Issuer Currency Sector Seniority Rating • Broad investment Australia Pacific Airports (Melbourne) AUD Corporate Hybrid BBB universe Ampol Ltd AUD Corporate Hybrid BBB • Capability to take National Australia Bank Ltd USD Bank Subordinate
Slide 11: Thank you
Perpetual