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  5. Pengana High Conviction Equities B - Managed fund profile

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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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 6.19% 10.02% 22.94% 104.55% 49.64% 22.31% -% -%
Growth return 6.19% 10.02% 4.67% 74.15% 37.31% 15.49% -% -%
Income return 0% 0% 18.27% 30.4% 12.33% 6.82% -% -%
Market index (MSCI World Small Cap NR AUD)
Total return 7.04% 9.92% 13.44% 28.32% 14.97% 6.88% 9.3% 11.1%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana High Conviction Equities B
Australian Equities
56.37%
International Equities
41.85%
Cash
1.78%
Property
0%
Average Allocation of Peers
Australian Equities
3.78%
International Equities
92.83%
Cash
2.94%
Property
0.45%

General Information

Fund Details
Type Description
Pengana High Conviction Equities B
Pengana Capital Limited
PCL9196AU
Equity World Mid/Small
starstarstarstarstar (as at 30 Nov 2024)
Investment Fund
15 Jul 2020
$31.18 million (as at 30 Sep 2024)
$1.84 (as at 23 Dec 2024)
$1.8309 (as at 23 Dec 2024)
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

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.

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.

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

Pengana High Conviction Equities B’s total return last month was 6.19%. This was made up of a growth return of 6.19% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Pengana High Conviction Equities B’s total return for the last three months was 10.02%. This was made up of a growth return of 10.02% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Pengana High Conviction Equities B’s one-year total return is 104.55%. This was made up of a growth return of 74.15% and an income return of 30.4%. These returns were calculated as at 30 Nov 2024.

Pengana High Conviction Equities B’s one-year total return is 22.31%. This was made up of a growth return of 15.49% and an income return of 6.82%. These returns were calculated as at 30 Nov 2024.

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

Australian Equities
56.37%
International Equities
41.85%
Cash
1.78%
Property
0%

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

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

As at 30 Sep 2024, the size of the Pengana High Conviction Equities B managed fund was $31.18 million.

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

The current entry price of the Pengana High Conviction Equities B managed fund is $1.84 per unit and the current exit price is $1.8309 per unit (as at 23 Dec 2024).

The current exit price of the Pengana High Conviction Equities B managed fund is $1.8309 per unit and the current entry price is $1.84 per unit (as at 23 Dec 2024).

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.