Perennial Better Future Fund - Managed Fund

Fund Objective

The objective of the Fund is to outperform the benchmark over the long term after fees and expenses, by investing in a diversified portfolio of mainly smaller and mid-cap companies which the Investment Manager believes are Better Future Investments.

Fund Strategy

The portfolio may also hold stocks that fall outside the Index. The Fund may participate in investments in ASX initial public offerings. The portfolio may hold in the range of 25 and 70 stocks. The fund is authorised to invest up to 10% in cash.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-1.89%	-1.48%	3.77%	-0.17%	5.41%	3%	0.82%	-%
Growth return	-1.89%	-1.48%	1.82%	-2.04%	3.64%	1.57%	-0.63%	-%
Income return	0%	0%	1.95%	1.87%	1.77%	1.43%	1.45%	-%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	-1.48%	3.84%	16.73%	19.43%	19.65%	11.49%	7.13%	8.9%

As at 30 Nov 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Perennial Better Future Fund

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.08%

International Equities: 4.07%

Cash: 3.99%

Property & Infrastructure: 0.25%

Fixed Interest: 0%

Alternatives: 0.61%

General Information

Fund Details

Type	Description
Fund Name	Perennial Better Future Fund
APIR Code
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	(as at 30 Nov 2025)
Legal Structure	Investment Fund
Fund Inception	17 Jun 2019
Fund Size	$45.83 million (as at 30 Sep 2025)
Entry Price	$4.8886 (as at 19 Dec 2025)
Exit Price	$4.8886 (as at 19 Dec 2025)
Fund Status	Open

Offer information

Type	Description
MER	1.21% (as at 7 Apr 2025)
Indirect Cost Ratio (ICR)	1.79% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.8
Minimum initial investment

Top 10 holdings (as at 30 Sep 2025)

Holding (as at 30 Sep 2025)	Type	% of Portfolio
Meridian Energy Ltd	Equity	5.79%
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FAQs about the Perennial Better Future Fund

What is the objective of the Perennial Better Future Fund managed fund?

The objective of the Perennial Better Future Fund managed fund is The objective of the Fund is to outperform the benchmark over the long term after fees and expenses, by investing in a diversified portfolio of mainly smaller and mid-cap companies which the Investment Manager believes are Better Future Investments.

What is the strategy for the Perennial Better Future Fund managed fund?

The strategy of the Perennial Better Future Fund managed fund is The portfolio may also hold stocks that fall outside the Index. The Fund may participate in investments in ASX initial public offerings. The portfolio may hold in the range of 25 and 70 stocks. The fund is authorised to invest up to 10% in cash.

What is the APIR code of the Perennial Better Future Fund managed fund?

The APIR code of the Perennial Better Future Fund managed fund is .

What was Perennial Better Future Fund’s total return last month?

Perennial Better Future Fund’s total return last month was -1.89%. This was made up of a growth return of -1.89% and an income return of 0%. These returns were calculated as at 30 Nov 2025.

What was Perennial Better Future Fund’s total return for the last three months?

Perennial Better Future Fund’s total return for the last three months was -1.48%. This was made up of a growth return of -1.48% and an income return of 0%%. These returns were calculated as at 30 Nov 2025.

What is Perennial Better Future Fund’s one-year total return?

Perennial Better Future Fund’s one-year total return is -0.17%. This was made up of a growth return of -2.04% and an income return of 1.87%. These returns were calculated as at 30 Nov 2025.

What is Perennial Better Future Fund’s three-year total return?

Perennial Better Future Fund’s one-year total return is 3%. This was made up of a growth return of 1.57% and an income return of 1.43%. These returns were calculated as at 30 Nov 2025.

What is the asset allocation of the Perennial Better Future Fund managed fund?

The asset allocation of the Perennial Better Future Fund managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

What sector/asset class does the Perennial Better Future Fund managed fund belong to?

The Perennial Better Future Fund managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

What is the size of the Perennial Better Future Fund managed fund?

As at 30 Sep 2025, the size of the Perennial Better Future Fund managed fund was $45.83 million.

What is the inception date of the Perennial Better Future Fund managed fund?

The Perennial Better Future Fund managed fund has an inception date of 17 Jun 2019.

What is the current entry price of the Perennial Better Future Fund managed fund?

The current entry price of the Perennial Better Future Fund managed fund is $4.8886 per unit and the current exit price is $4.8886 per unit (as at 19 Dec 2025).

What is the current exit price of the Perennial Better Future Fund managed fund?

The current exit price of the Perennial Better Future Fund managed fund is $4.8886 per unit and the current entry price is $4.8886 per unit (as at 19 Dec 2025).

What is the minimum investment amount for the Perennial Better Future Fund managed fund?

The minimum initial investment amount for the Perennial Better Future Fund managed fund is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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