Pengana High Conviction Equities B - Managed Fund

Fund Objective

The Fund's investment objective is to deliver returns that exceed the RBA Cash Rate target 3% and to outperform the MSCI World Total Return Index (net, AUD) over the long term.

Fund Strategy

The High Conviction Equities Fund invests in a concentrated, ethically screened portfolio of not more than 20 Australian and global companies. The fund seeks to identify companies that are significantly undervalued using fundamental analysis. The fund's Investment Team seeks to invest in securities that mostly exhibit strong cash generation and are trading at less than the Investment Team's assessment of their intrinsic value.

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

% p.a.

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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	-2.94%	13.59%	34.09%	113.66%	47.23%	19.5%	-%	-%
Growth return	-2.94%	13.59%	16.49%	81.9%	35.1%	12.84%	-%	-%
Income return	0%	0%	17.6%	31.76%	12.13%	6.66%	-%	-%
Market index (MSCI World Small Cap NR AUD)
Total return	3.07%	-0.68%	8.18%	25.13%	11.88%	4.76%	8.91%	10.72%

As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana High Conviction Equities B

Australian Equities: 60.05%

International Equities: 35.07%

Cash: 4.88%

Property: 0%

Average Allocation of Peers

Australian Equities: 4.31%

International Equities: 92.03%

Cash: 3.16%

Property: 0.50%

General Information

Fund Details

Type	Description
Fund Name	Pengana High Conviction Equities B
Responsible Entity	Pengana Capital Limited
APIR Code	PCL9196AU
Sector/Asset Class	Equity World Mid/Small
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	15 Jul 2020
Fund Size	$27.91 million (as at 31 Aug 2024)
Entry Price	$1.7088 (as at 19 Nov 2024)
Exit Price	$1.7003 (as at 19 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	1.31% (as at 10 May 2024)
Indirect Cost Ratio (ICR)	1.22% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0
Minimum initial investment	$10,000.00
Minimum additional investments	$5,000.00

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024)	Type	% of Portfolio
IperionX Ltd ADR	Equity	15.14%
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FAQs about the Pengana High Conviction Equities B

What is the objective of the Pengana High Conviction Equities B managed fund?

The objective of the Pengana High Conviction Equities B managed fund is The Fund's investment objective is to deliver returns that exceed the RBA Cash Rate target +3% and to outperform the MSCI World Total Return Index (net, AUD) over the long term.

What is the strategy for the Pengana High Conviction Equities B managed fund?

The strategy of the Pengana High Conviction Equities B managed fund is The High Conviction Equities Fund invests in a concentrated, ethically screened portfolio of not more than 20 Australian and global companies. The fund seeks to identify companies that are significantly undervalued using fundamental analysis. The fund's Investment Team seeks to invest in securities that mostly exhibit strong cash generation and are trading at less than the Investment Team's assessment of their intrinsic value.

What is the APIR code of the Pengana High Conviction Equities B managed fund?

The APIR code of the Pengana High Conviction Equities B managed fund is PCL9196AU.

What was Pengana High Conviction Equities B’s total return last month?

Pengana High Conviction Equities B’s total return last month was -2.94%. This was made up of a growth return of -2.94% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was Pengana High Conviction Equities B’s total return for the last three months?

Pengana High Conviction Equities B’s total return for the last three months was 13.59%. This was made up of a growth return of 13.59% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

What is Pengana High Conviction Equities B’s one-year total return?

Pengana High Conviction Equities B’s one-year total return is 113.66%. This was made up of a growth return of 81.9% and an income return of 31.76%. These returns were calculated as at 31 Oct 2024.

What is Pengana High Conviction Equities B’s three-year total return?

Pengana High Conviction Equities B’s one-year total return is 19.5%. This was made up of a growth return of 12.84% and an income return of 6.66%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the Pengana High Conviction Equities B managed fund?

The asset allocation of the Pengana High Conviction Equities B managed fund is :

Australian Equities: 60.05%

International Equities: 35.07%

Cash: 4.88%

Property: 0%

Who is the responsible Entity of the Pengana High Conviction Equities B managed fund?

The Responsible Entity for the Pengana High Conviction Equities B managed fund is Pengana Capital Limited.

What sector/asset class does the Pengana High Conviction Equities B managed fund belong to?

The Pengana High Conviction Equities B managed fund belongs to the Equity World Mid/Small sector/asset class.

What is the size of the Pengana High Conviction Equities B managed fund?

As at 31 Aug 2024, the size of the Pengana High Conviction Equities B managed fund was $27.91 million.

What is the inception date of the Pengana High Conviction Equities B managed fund?

The Pengana High Conviction Equities B managed fund has an inception date of 15 Jul 2020.

What is the current entry price of the Pengana High Conviction Equities B managed fund?

The current entry price of the Pengana High Conviction Equities B managed fund is $1.7088 per unit and the current exit price is $1.7003 per unit (as at 19 Nov 2024).

What is the current exit price of the Pengana High Conviction Equities B managed fund?

The current exit price of the Pengana High Conviction Equities B managed fund is $1.7003 per unit and the current entry price is $1.7088 per unit (as at 19 Nov 2024).

What is the minimum investment amount for the Pengana High Conviction Equities B managed fund?

The minimum initial investment amount for the Pengana High Conviction Equities B managed fund is $10,000. 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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