Pengana Australian Equities Income - Managed Fund

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers and {{ }}

{{ }}
Benchmark ({{ }})
{{ }}

Fees Comparison

{{ fund.fees * 100 | number:2 }}
% p.a.
{{ }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})

Don't let high fees kill your returns

The {{ }} portfolio has fair and transparent fees to help you keep more money in your pocket.

View our Fund

Don't let high fees kill your returns

Build a diversified portfolio to match your needs with our range of low cost investment options.

View our funds

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.33 3.22 -0.94 0.48 -4.04 3.69 6.89 2.74
Growth return 0.15 2.02 -3.18 -3.03 -9.83 -1.77 2.52 -1.07
Income return 1.18 1.2 2.24 3.51 5.79 5.46 4.37 3.81
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 1.06 7.67 4.67 24.25 15.31 15.01 11.56 2.59
As as 30 Jun 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Australian Equities
International Equities
Fixed Interest

General Information

Fund Details
Type Description
Pengana Australian Equities Income
Pengana Capital Limited
Equity Australia Mid/Small Value
star (as at 30 Jun 2018)
Investment Fund
30 Nov 2001
$20.05 million (as at 30 Jun 2018)
$1.233 (as at 19 Jul 2018)
$1.2269 (as at 19 Jul 2018)
Fund Objective
The Fund's investment objectives are to achieve over the medium to long term an investment return, including capital appreciation, dividends and interest, in excess of the risk free rate (i.e., the Reserve Bank of Australia's Cash Rate Target) plus a margin to compensate investors for the extra risk associated with investing in Australian equities, and to ensure that a high component of the return is from income.
Fund Strategy
The Fund invests principally in listed Australian equities. If Pengana cannot find appropriate securities that meet its investment criteria, the Fund's assets are held in cash or cash equivalents. Pengana principally targets listed Australian companies capable of generating underlying cash earnings yields of at least 6% per annum with sustainable growth and a sufficient dividend payout ratio to support the income objective of the Fund.
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.35% (as at 30 Jun 2017)
Performance fee (not included in ICR) Not Available
Minimum initial investment $5,000.00
Minimum additional investments $2,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Mar 2018)

Holding (as at 31 Mar 2018) Type % of Portfolio
Commonwealth Bank of Australia Equity 6.58%
Login now to view the complete list of holdings.

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 cannot 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.

How is your fund performing?

Out of the 5,312 Australian funds researched with a 10 year track record, 76% underperform the industry standard benchmarks by an average of 1.75%, with average fees of 1.73%*.

Compare your fund

Underperform the industry standard benchmarks

Compare your fund

*Analysis based on data sourced from Morningstar, as at May 2018. Funds that had a 10-year track record were analysed against the standard industry benchmarks. Whilst InvestSMART has taken care in producing these numbers, guarantees cannot be made around the complete accuracy of these figures.

Our Managed Funds

Returns Since Inception *
Intelligent Investor Equity Income 12.36%
InvestSMART International Equities 11.46%
Intelligent Investor Equity Growth 11.28%
InvestSMART Australian Small Companies Fund 10.65%
InvestSMART Core Growth 7.81%
InvestSMART Diversified Property and Infrastructure 5.31%
InvestSMART Diversified Income 4.50%
InvestSMART Hybrid Income 3.81%
InvestSMART Interest Income 2.13%

* Returns p.a. since inception after investment & admin fees

Want to track how your managed fund is performing every month?