Perennial Income Generator Active ETF
EIGA.AX
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ROIC.AI
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- Perennial Income Generator Fund (ASX:EIGA) is a registered managed investment scheme and actively managed exchange-traded fund that seeks to deliver investors an attractive level of tax-effective income through monthly distributions, targeting a gross distribution yield, adjusted for applicable franking credits, exceeding that of the S&P/ASX 300 Franking Credit Adjusted Daily Total Return Index (Tax-Exempt). The fund invests in a diversified portfolio of quality Australian shares listed or soon to be listed on the ASX, selected by Perennial Value Management for their capacity to generate sustainable dividend income and long-term capital growth; it emphasizes high-conviction active stock picking across sectors including financials, materials, resources, real estate, utilities, and consumer staples, with a focus on companies exhibiting strong balance sheets and dividend growth potential. Managed by Perennial Investment Management Limited (ABN 13 108 747 637, AFSL 275101), with portfolio manager Stephen Bruce, the fund maintains an open-ended structure allowing units on issue to grow over time and features a management fee of 0.80% (including GST and RITC). Originally launched on May 7, 2018, as eInvest Income Generator Fund (Managed Fund), the fund underwent a significant name change to Perennial Income Generator Fund (Managed Fund) effective September 5, 2023, alongside an updated Product Disclosure Statement superseding the prior version dated October 28, 2023; this rebranding reflects its alignment under Perennial Partners' specialist investment boutiques. In recent periods, the fund has sustained targeted monthly distributions, with FY26 net monthly distributions set at 1.785 cents per unit, equating to an annualized cash distribution yield of approximately 5.6% based on the financial year-start unit price, supported by portfolio holdings that saw 24 of 30 positions maintain or increase dividends amid robust corporate balance sheets and on-market buy-backs totaling around $8 billion announced during the latest reporting season. Funds under management stood at $30 million as of recent updates, with ongoing monthly payouts demonstrating operational stability, including a final June 2025 distribution of $0.1328 per unit and consistent interim payments of $0.0179 per unit through late 2025. Headquartered in Sydney, New South Wales, the fund operates primarily within the Australian equity market, targeting retail and institutional investors seeking reliable income from domestic listed securities; Perennial Investment Management Limited serves as the responsible entity, with registry services by MUFG Corporate Markets and audit by KPMG. The investment approach leverages Perennial Value Management's expertise in value-oriented Australian equities, concentrating on total market exposure while filtering for stocks offering gross income yields above benchmark thresholds. No major acquisitions, funding rounds, or strategic partnerships beyond routine portfolio adjustments have been announced in the last 1-2 years, with focus remaining on distribution consistency and active management amid sector performances led by resources (+10.3%) and real estate beneficiaries like GPT, Stockland, and Mirvac.