InvestSMART

Pengana Australian Equities Income - Managed Fund (Closed)

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.

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 0.76% 2.53% 11.97% -10.36% 1.1% -0.76% -0.78% 0.7%
Growth return 0.76% 1.71% 10.01% -13.81% -3.22% -5.14% -5.85% -3.73%
Income return 0% 0.82% 1.96% 3.45% 4.32% 4.38% 5.07% 4.43%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 1.89% 14.27% 25.32% 22.82% 24.72% 13.86% 9.58% 9.07%
As at 31 Oct 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana Australian Equities Income
Australian Equities
69.80%
International Equities
16.33%
Cash
13.88%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.12%
International Equities
4.02%
Cash
4.04%
Property & Infrastructure
0.22%
Fixed Interest
0%
Alternatives
0.60%

General Information

Fund Details
Type Description
Pengana Australian Equities Income
Closed
Pengana Capital Limited
HHA0001AU
Equity Australia Mid/Small Value
star (as at 31 Oct 2020)
Investment Fund
30 Nov 2001
$12.4 million (as at 3 Nov 2020)
$1.0659 (as at 3 Nov 2020)
$1.0606 (as at 3 Nov 2020)
Finalised
Offer information
Type Description
MER 0.72% (as at 17 Jul 2019)
Indirect Cost Ratio (ICR) 0.72% (as at 30 Jun 2020)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum additional investments $2,000.00
Minimum redemption amount $500.00

Top 10 holdings (as at 31 Oct 2020)

Holding (as at 31 Oct 2020) Type % of Portfolio
Cash Cash 93.83%
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FAQs about the Pengana Australian Equities Income

The objective of the Pengana Australian Equities Income managed fund is 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.

The strategy of the Pengana Australian Equities Income managed fund is 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.

The APIR code of the Pengana Australian Equities Income managed fund is HHA0001AU.

Pengana Australian Equities Income’s total return last month was 0.76%. This was made up of a growth return of 0.76% and an income return of 0%. These returns were calculated as at 31 Oct 2020.

Pengana Australian Equities Income’s total return for the last three months was 2.53%. This was made up of a growth return of 1.71% and an income return of 0.82%%. These returns were calculated as at 31 Oct 2020.

Pengana Australian Equities Income’s one-year total return is -10.36%. This was made up of a growth return of -13.81% and an income return of 3.45%. These returns were calculated as at 31 Oct 2020.

Pengana Australian Equities Income’s one-year total return is -0.76%. This was made up of a growth return of -5.14% and an income return of 4.38%. These returns were calculated as at 31 Oct 2020.

The asset allocation of the Pengana Australian Equities Income managed fund is :

Australian Equities
69.80%
International Equities
16.33%
Cash
13.88%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

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

The Pengana Australian Equities Income managed fund belongs to the Equity Australia Mid/Small Value sector/asset class.

As at 3 Nov 2020, the size of the Pengana Australian Equities Income managed fund was $12.4 million.

The Pengana Australian Equities Income managed fund has an inception date of 30 Nov 2001.

The current entry price of the Pengana Australian Equities Income managed fund is $1.0659 per unit and the current exit price is $1.0606 per unit (as at 3 Nov 2020).

The current exit price of the Pengana Australian Equities Income managed fund is $1.0606 per unit and the current entry price is $1.0659 per unit (as at 3 Nov 2020).

The minimum initial investment amount for the Pengana Australian Equities Income managed fund is $10,000. Minimum additional investment is $2000.

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.