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  5. Pengana Australian Equities Market Neutral A - Managed fund profile

Pengana Australian Equities Market Neutral A - Managed Fund (Closed)

Fund Objective
The Fund's investment objective is to generate a net annualised return of 5-10% over the annualised average of the daily RBA Cash Rate for the relevant period with a risk target (annualised standard deviation) of 8-10%, by principally obtaining a 'Market Neutral' exposure to a portfolio of Australian securities listed on the Australian Securities Exchange.
Fund Strategy
The Fund employs a Market Neutral investment strategy, which aims to construct a portfolio that is neutral to market movements and, as such, the investment strategy's performance is independent of the market's performance. The Manager believes that the combination of portfolio risk management with low exposure to market returns promotes consistent performance and attractive risk adjusted returns.

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 -0.89% -4.63% -9.95% -12.07% -0.52% -2.27% 4.07% -%
Growth return -0.89% -4.63% -9.95% -16.12% -2.96% -5.19% -2.68% -%
Income return 0% 0% 0% 4.05% 2.44% 2.92% 6.75% -%
Market index (RBA Bank accepted Bills 90 Days)
Total return 0.3% 0.91% 1.91% 4.09% 4.22% 4% 2.52% 2.06%
As at 31 Jan 2015. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana Australian Equities Market Neutral A
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
44.79%
Australian Equities
3.95%
International Equities
6.74%
Property & Infrastructure
1.44%
Fixed Interest
20.69%
Alternatives
22.40%

General Information

Fund Details
Type Description
Pengana Australian Equities Market Neutral A
Closed
Pengana Capital Limited
PCL0013AU
Alternative - Other
star (as at 31 Jan 2015)
Investment Fund
31 Aug 2008
$8.97 million (as at 30 Jan 2015)
$0.9678 (as at 16 Feb 2015)
$0.962 (as at 16 Feb 2015)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.70% (as at 30 Jun 2014)
Minimum initial investment $20,000
Minimum additional investments $5,000.00
Minimum redemption amount $5,000.00

Top 10 holdings (as at 31 Oct 2014)

Holding (as at 31 Oct 2014) Type % of Portfolio
DuluxGroup Ltd Equity -195.45%
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FAQs about the Pengana Australian Equities Market Neutral A

The objective of the Pengana Australian Equities Market Neutral A managed fund is The Fund's investment objective is to generate a net annualised return of 5-10% over the annualised average of the daily RBA Cash Rate for the relevant period with a risk target (annualised standard deviation) of 8-10%, by principally obtaining a 'Market Neutral' exposure to a portfolio of Australian securities listed on the Australian Securities Exchange.

The strategy of the Pengana Australian Equities Market Neutral A managed fund is The Fund employs a Market Neutral investment strategy, which aims to construct a portfolio that is neutral to market movements and, as such, the investment strategy's performance is independent of the market's performance. The Manager believes that the combination of portfolio risk management with low exposure to market returns promotes consistent performance and attractive risk adjusted returns.

The APIR code of the Pengana Australian Equities Market Neutral A managed fund is PCL0013AU.

Pengana Australian Equities Market Neutral A’s total return last month was -0.89%. This was made up of a growth return of -0.89% and an income return of 0%. These returns were calculated as at 31 Jan 2015.

Pengana Australian Equities Market Neutral A’s total return for the last three months was -4.63%. This was made up of a growth return of -4.63% and an income return of 0%%. These returns were calculated as at 31 Jan 2015.

Pengana Australian Equities Market Neutral A’s one-year total return is -12.07%. This was made up of a growth return of -16.12% and an income return of 4.05%. These returns were calculated as at 31 Jan 2015.

Pengana Australian Equities Market Neutral A’s one-year total return is -2.27%. This was made up of a growth return of -5.19% and an income return of 2.92%. These returns were calculated as at 31 Jan 2015.

The asset allocation of the Pengana Australian Equities Market Neutral A managed fund is :

Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Pengana Australian Equities Market Neutral A managed fund is Pengana Capital Limited.

The Pengana Australian Equities Market Neutral A managed fund belongs to the Alternative - Other sector/asset class.

As at 30 Jan 2015, the size of the Pengana Australian Equities Market Neutral A managed fund was $8.97 million.

The Pengana Australian Equities Market Neutral A managed fund has an inception date of 31 Aug 2008.

The current entry price of the Pengana Australian Equities Market Neutral A managed fund is $0.9678 per unit and the current exit price is $0.962 per unit (as at 16 Feb 2015).

The current exit price of the Pengana Australian Equities Market Neutral A managed fund is $0.962 per unit and the current entry price is $0.9678 per unit (as at 16 Feb 2015).

The minimum initial investment amount for the Pengana Australian Equities Market Neutral A 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.