Pengana International Managed Risk - Managed Fund (Closed)

Fund Objective

The Fund's investment objective is to obtain returns greater than the MSCI All Country World Total Return Index (net, AUD) ('Index') over the medium to long term.

Fund Strategy

The fund invests in high-quality, growing companies identified through fundamental research with a long-term, global perspective. The fund invests principally in listed global equities and will typically have 35 to 75 holdings in developed and emerging markets. Harding Loevner believes that investing in high-quality, growing businesses at reasonable prices leads, over the long term, to superior risk-adjusted returns.

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.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-0.31%	3.01%	9.18%	13.33%	8.6%	8.07%	-%	-%
Growth return	-0.31%	3.01%	-0.92%	2.85%	-1.48%	-0.64%	-%	-%
Income return	0%	0%	10.1%	10.48%	10.08%	8.71%	-%	-%
Market index (MSCI World Ex Australia NR AUD)
Total return	3.12%	11.29%	3.77%	17.49%	19.85%	19.1%	16.32%	12.14%

As at 30 Sep 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana International Managed Risk

International Equities: 70.52%

Cash: 29.48%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 93.69%

Cash: 1.69%

Australian Equities: 1.17%

Property & Infrastructure: 3.31%

Fixed Interest: -0.01%

Alternatives: 0.15%

General Information

Fund Details

Type	Description
Fund Name	Pengana International Managed Risk
Fund Status	Closed
Responsible Entity	Pengana Capital Limited
APIR Code	PCL0027AU
Sector/Asset Class	Equity World Large Growth
Morningstar Rating	(as at 30 Sep 2020)
Legal Structure	Investment Fund
Fund Inception	8 Jun 2016
Fund Size	$3.11 million (as at 22 Oct 2020)
Entry Price	$1.1054 (as at 22 Oct 2020)
Exit Price	$1.0988 (as at 22 Oct 2020)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1.32% (as at 30 Jun 2020)
Performance fee (not included in ICR)	0.09
Minimum initial investment	$25,000
Minimum additional investments	$5,000.00
Minimum redemption amount	$5,000.00

Top 10 holdings (as at 30 Sep 2020)

Holding (as at 30 Sep 2020)	Type	% of Portfolio
Pengana International	Mutual Fund - Open End	93.07%
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FAQs about the Pengana International Managed Risk

What is the objective of the Pengana International Managed Risk managed fund?

The objective of the Pengana International Managed Risk managed fund is The Fund's investment objective is to obtain returns greater than the MSCI All Country World Total Return Index (net, AUD) ('Index') over the medium to long term.

What is the strategy for the Pengana International Managed Risk managed fund?

The strategy of the Pengana International Managed Risk managed fund is The fund invests in high-quality, growing companies identified through fundamental research with a long-term, global perspective. The fund invests principally in listed global equities and will typically have 35 to 75 holdings in developed and emerging markets. Harding Loevner believes that investing in high-quality, growing businesses at reasonable prices leads, over the long term, to superior risk-adjusted returns.

What is the APIR code of the Pengana International Managed Risk managed fund?

The APIR code of the Pengana International Managed Risk managed fund is PCL0027AU.

What was Pengana International Managed Risk’s total return last month?

Pengana International Managed Risk’s total return last month was -0.31%. This was made up of a growth return of -0.31% and an income return of 0%. These returns were calculated as at 30 Sep 2020.

What was Pengana International Managed Risk’s total return for the last three months?

Pengana International Managed Risk’s total return for the last three months was 3.01%. This was made up of a growth return of 3.01% and an income return of 0%%. These returns were calculated as at 30 Sep 2020.

What is Pengana International Managed Risk’s one-year total return?

Pengana International Managed Risk’s one-year total return is 13.33%. This was made up of a growth return of 2.85% and an income return of 10.48%. These returns were calculated as at 30 Sep 2020.

What is Pengana International Managed Risk’s three-year total return?

Pengana International Managed Risk’s one-year total return is 8.07%. This was made up of a growth return of -0.64% and an income return of 8.71%. These returns were calculated as at 30 Sep 2020.

What is the asset allocation of the Pengana International Managed Risk managed fund?

The asset allocation of the Pengana International Managed Risk managed fund is :

International Equities: 70.52%

Cash: 29.48%

Australian Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Pengana International Managed Risk managed fund?

The Responsible Entity for the Pengana International Managed Risk managed fund is Pengana Capital Limited.

What sector/asset class does the Pengana International Managed Risk managed fund belong to?

The Pengana International Managed Risk managed fund belongs to the Equity World Large Growth sector/asset class.

What is the size of the Pengana International Managed Risk managed fund?

As at 22 Oct 2020, the size of the Pengana International Managed Risk managed fund was $3.11 million.

What is the inception date of the Pengana International Managed Risk managed fund?

The Pengana International Managed Risk managed fund has an inception date of 8 Jun 2016.

What is the current entry price of the Pengana International Managed Risk managed fund?

The current entry price of the Pengana International Managed Risk managed fund is $1.1054 per unit and the current exit price is $1.0988 per unit (as at 22 Oct 2020).

What is the current exit price of the Pengana International Managed Risk managed fund?

The current exit price of the Pengana International Managed Risk managed fund is $1.0988 per unit and the current entry price is $1.1054 per unit (as at 22 Oct 2020).

What is the minimum investment amount for the Pengana International Managed Risk managed fund?

The minimum initial investment amount for the Pengana International Managed Risk managed fund is $25,000. 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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