Pengana High Conviction Equities - Managed Fund

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Fund Performance Comparison

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Fee comparison

NOTE: Over the long term, higher fees lead to lower returns

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Benchmark* Peers Fees InvestSMART's Fees
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* A benchmark is an arbitary calculation that does not have any fees. Hence why in the long term the majority of fund managers underperform their benchmark by the cost of their fees. InvestSMART provides low cost funds that track their benchmark.

Fund performance (31 May 2018)

NOTE : returns for periods greater than 1 year are annualised
  1 Month % 3 Month % 6 Month % 1 Year % p.a. 2 Year % p.a. 3 Year % p.a. 5 Year % p.a. 10 Year % p.a.
Total return -1.06 -0.67 -0.58 14.41 7.46 34.56 - -
Growth return -1.06 -0.67 -0.58 -6.88 -10.02 19.54 - -
Income return 0 0 0 21.29 17.48 15.02 - -

Market index (Morningstar Aus Msec Aggressive TR AUD)

Total return 0.81 2.08 2.24 8.71 9.59 6.87 11.06 6.73

Asset Allocation (31 May 2018)

Australian Equities 13.67%
International Equities 79.60%
Cash 6.73%
Property 0%
Fixed Interest 0%
Alternatives 0%
Asset Allocation

General Information

Pengana High Conviction Equities
Pengana Capital Limited
Multisector Aggressive
starstarstarstarstar (as at 31 May 2018)
Investment Fund
11 Dec 2014
$20.36 million (as at 31 Mar 2018)
$2.6399 (as at 18 Jun 2018)
$2.6268 (as at 18 Jun 2018)

Objectives and Strategy

The objective of the Fund is to achieve capital growth over the long term by investing in an ethically screened portfolio of Australian and international equities.
The strategy for the Fund is to find quality securities that are temporarily priced below their intrinsic value, take significant positions in these companies with the view to hold them for the long term. The HCT is managed using a 'value' investment style based on fundamental analysis of individual companies. The HCT primarily invests in, but is not limited to, companies listed on the Australian and international stock exchanges and is a a highly concentrated portfolio of typically no more than 20 stocks

Offer information

Indirect Cost Ratio (ICR) 17.03% (as at 30 Jun 2016)
Performance fee (not included in ICR) 15.03
Minimum initial investment $5,000.00
Minimum additional investments $2,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 28 Feb 2018)

Holding Type % of Portfolio
Base Resources Ltd Equity 15.32%
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Data shown on this website is sourced by Morningstar
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