Pengana Asian Equities - Managed Fund (Closed)

Fund Objective

The Fund's investment objective is to offer investors participation in the Asia Pacific region's superior growth with protection from short term volatility. In doing so the Fund aims to reduce volatility during the market's down-cycles whilst participating during the up-cycles. It is not managed to a benchmark.

Fund Strategy

There are numerous investment styles targeting the generation of Alpha, including top-down approaches focusing on sector or country allocation, and pure stock picking bottom-up processes. In a stable economic environment a bottom-up stock picking investment style is likely to produce higher Alpha as companies' earnings are easier to forecast and consequently valuations are more readily determined.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.66%	-7.9%	-12.83%	-8.99%	-14.9%	-10.93%	-%	-%
Growth return	0.66%	-8.09%	-13.01%	-9.17%	-14.99%	-11.37%	-%	-%
Income return	0%	0.19%	0.18%	0.18%	0.09%	0.44%	-%	-%
Market index (RBA Bank accepted Bills 90 Days)
Total return	0.3%	0.92%	1.82%	3.76%	4.06%	4.09%	2.88%	2.13%

As at 31 Aug 2012. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana Asian Equities

International Equities: 91.15%

Cash: 8.85%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 2.98%

Cash: 55.63%

Australian Equities: 4.92%

Property & Infrastructure: 1.98%

Fixed Interest: 15.73%

Alternatives: 18.77%

General Information

Fund Details

Type	Description
Fund Name	Pengana Asian Equities
Fund Status	Closed
Responsible Entity	Pengana Capital Limited
APIR Code	PCL0002AU
Sector/Asset Class	Alternative - Other
Morningstar Rating	(as at 31 Aug 2012)
Legal Structure	Investment Fund
Fund Inception	1 Jul 2008
Fund Size	$16.3 million (as at 31 Aug 2012)
Entry Price	$0.7338 (as at 19 Sep 2012)
Exit Price	$0.7301 (as at 19 Sep 2012)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1.54% (as at 30 Jun 2012)
Minimum initial investment	$20,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$2,000.00

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FAQs about the Pengana Asian Equities

What is the objective of the Pengana Asian Equities managed fund?

The objective of the Pengana Asian Equities managed fund is The Fund's investment objective is to offer investors participation in the Asia Pacific region's superior growth with protection from short term volatility. In doing so the Fund aims to reduce volatility during the market's down-cycles whilst participating during the up-cycles. It is not managed to a benchmark.

What is the strategy for the Pengana Asian Equities managed fund?

The strategy of the Pengana Asian Equities managed fund is There are numerous investment styles targeting the generation of Alpha, including top-down approaches focusing on sector or country allocation, and pure stock picking bottom-up processes. In a stable economic environment a bottom-up stock picking investment style is likely to produce higher Alpha as companies' earnings are easier to forecast and consequently valuations are more readily determined.

What is the APIR code of the Pengana Asian Equities managed fund?

The APIR code of the Pengana Asian Equities managed fund is PCL0002AU.

What was Pengana Asian Equities’s total return last month?

Pengana Asian Equities’s total return last month was 0.66%. This was made up of a growth return of 0.66% and an income return of 0%. These returns were calculated as at 31 Aug 2012.

What was Pengana Asian Equities’s total return for the last three months?

Pengana Asian Equities’s total return for the last three months was -7.9%. This was made up of a growth return of -8.09% and an income return of 0.19%%. These returns were calculated as at 31 Aug 2012.

What is Pengana Asian Equities’s one-year total return?

Pengana Asian Equities’s one-year total return is -8.99%. This was made up of a growth return of -9.17% and an income return of 0.18%. These returns were calculated as at 31 Aug 2012.

What is Pengana Asian Equities’s three-year total return?

Pengana Asian Equities’s one-year total return is -10.93%. This was made up of a growth return of -11.37% and an income return of 0.44%. These returns were calculated as at 31 Aug 2012.

What is the asset allocation of the Pengana Asian Equities managed fund?

The asset allocation of the Pengana Asian Equities managed fund is :

International Equities: 91.15%

Cash: 8.85%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Pengana Asian Equities managed fund?

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

What sector/asset class does the Pengana Asian Equities managed fund belong to?

The Pengana Asian Equities managed fund belongs to the Alternative - Other sector/asset class.

What is the size of the Pengana Asian Equities managed fund?

As at 31 Aug 2012, the size of the Pengana Asian Equities managed fund was $16.3 million.

What is the inception date of the Pengana Asian Equities managed fund?

The Pengana Asian Equities managed fund has an inception date of 1 Jul 2008.

What is the current entry price of the Pengana Asian Equities managed fund?

The current entry price of the Pengana Asian Equities managed fund is $0.7338 per unit and the current exit price is $0.7301 per unit (as at 19 Sep 2012).

What is the current exit price of the Pengana Asian Equities managed fund?

The current exit price of the Pengana Asian Equities managed fund is $0.7301 per unit and the current entry price is $0.7338 per unit (as at 19 Sep 2012).

What is the minimum investment amount for the Pengana Asian Equities managed fund?

The minimum initial investment amount for the Pengana Asian Equities managed fund is $20,000. Minimum additional investment is $5000.

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.

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