Is PCI a good ETF?
PCI is the Perpetual Credit Income Trust. It tracks the RBA Cash Rate + 3.25%. We classify it under AU. Listed on the ASX since 2019-05-28 (over 7 years ago).
The management fee of 0.88% is high, which is common for active, geared or thematic strategies and only worth paying if the approach justifies it. For comparison, similar ETFs average around 0.3%. If cost is your priority, OZBD (0.19%), VACF (0.2%), and BSUB (0.29%) cover similar ground for less.
Portfolio turnover is somewhat elevated at about 45% a year — close to half the holdings turn over annually, which starts to realise capital gains more often and chips away at after-tax returns.
Things to watch
- A 0.88% management fee is high and compounds against you over time.
- Pricier than similar ETFs, which average around 0.3%.
- Cheaper alternatives exist: OZBD, VACF, and BSUB.
Good to know
- Australian focus means franked dividends and no currency risk, but heavy concentration in banks and miners.
What PCI's categories mean for you
How each category this ETF belongs to tends to behave across market cycles.
Australian shares. Home-market familiarity, fully franked dividends and no currency risk for local investors — but very concentrated in banks and miners, which dominate the index.
- Market regime
- Sensitive to commodity prices, Chinese demand and domestic interest rates. Generous income, but narrow sector diversification.
- In a portfolio
- A natural core for Australian investors thanks to franking, but should be paired with global exposure so you aren't over-reliant on a handful of banks and resource giants.
General information only, generated from the fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.