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  5. Pengana High Conviction Equities - Managed fund profile

Pengana High Conviction Equities - Managed Fund

Fund Objective
The Fund's investment objective is to deliver returns that exceed the RBA Cash Rate target 3% and to outperform the MSCI World Total Return Index (net, AUD) over the long term.
Fund Strategy
The High Conviction Equities Fund invests in a concentrated, ethically screened portfolio of not more than 20 Australian and global companies. The fund seeks to identify companies that are significantly undervalued using fundamental analysis. The fund's Investment Team seeks to invest in securities that mostly exhibit strong cash generation and are trading at less than the Investment Team's assessment of their intrinsic value.

Fund Performance Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.94% 32.1% 47.95% 54.79% 20.97% 7.43% 13.14% -%
Growth return 0.94% 32.1% 47.95% 54.35% 20.8% 5.51% 9.69% -%
Income return 0% 0% 0% 0.44% 0.17% 1.92% 3.45% -%
Market index (MSCI World Small Cap NR AUD)
Total return 3.7% 9.18% 16.15% 18.95% 9.94% 6.63% 9.75% 10.76%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana High Conviction Equities
Australian Equities
72.54%
International Equities
24.91%
Cash
2.56%
Property
0%
Average Allocation of Peers
Australian Equities
4.36%
International Equities
91.56%
Cash
3.41%
Property
0.67%

General Information

Fund Details
Type Description
Pengana High Conviction Equities
Pengana Capital Limited
HHA0020AU
Equity World Mid/Small
starstarstar (as at 31 Mar 2024)
Investment Fund
11 Dec 2014
$31.46 million (as at 29 Feb 2024)
$3.4536 (as at 18 Apr 2024)
$3.4364 (as at 18 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.98% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Dec 2023)

Holding (as at 31 Dec 2023) Type % of Portfolio
IperionX Ltd ADR Equity 17.04%
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FAQs about the Pengana High Conviction Equities

The objective of the Pengana High Conviction Equities managed fund is The Fund's investment objective is to deliver returns that exceed the RBA Cash Rate target +3% and to outperform the MSCI World Total Return Index (net, AUD) over the long term.

The strategy of the Pengana High Conviction Equities managed fund is The High Conviction Equities Fund invests in a concentrated, ethically screened portfolio of not more than 20 Australian and global companies. The fund seeks to identify companies that are significantly undervalued using fundamental analysis. The fund's Investment Team seeks to invest in securities that mostly exhibit strong cash generation and are trading at less than the Investment Team's assessment of their intrinsic value.

The APIR code of the Pengana High Conviction Equities managed fund is HHA0020AU.

Pengana High Conviction Equities’s total return last month was 0.94%. This was made up of a growth return of 0.94% and an income return of 0%. These returns were calculated as at 31 Mar 2024.

Pengana High Conviction Equities’s total return for the last three months was 32.1%. This was made up of a growth return of 32.1% and an income return of 0%%. These returns were calculated as at 31 Mar 2024.

Pengana High Conviction Equities’s one-year total return is 54.79%. This was made up of a growth return of 54.35% and an income return of 0.44%. These returns were calculated as at 31 Mar 2024.

Pengana High Conviction Equities’s one-year total return is 7.43%. This was made up of a growth return of 5.51% and an income return of 1.92%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the Pengana High Conviction Equities managed fund is :

Australian Equities
72.54%
International Equities
24.91%
Cash
2.56%
Property
0%

The Responsible Entity for the Pengana High Conviction Equities managed fund is Pengana Capital Limited.

The Pengana High Conviction Equities managed fund belongs to the Equity World Mid/Small sector/asset class.

As at 29 Feb 2024, the size of the Pengana High Conviction Equities managed fund was $31.46 million.

The Pengana High Conviction Equities managed fund has an inception date of 11 Dec 2014.

The current entry price of the Pengana High Conviction Equities managed fund is $3.4536 per unit and the current exit price is $3.4364 per unit (as at 18 Apr 2024).

The current exit price of the Pengana High Conviction Equities managed fund is $3.4364 per unit and the current entry price is $3.4536 per unit (as at 18 Apr 2024).

The minimum initial investment amount for the Pengana High Conviction Equities managed fund is $10,000.

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.