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  5. Pengana High Conviction Equities - Managed fund profile

Pengana High Conviction Equities - 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 -3.9% 13.89% 34.49% 116.97% 47.79% 19.54% 18.22% -%
Growth return -3.9% 13.89% 15.64% 81.86% 35.11% 12.6% 12.12% -%
Income return 0% 0% 18.85% 35.11% 12.68% 6.94% 6.1% -%
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
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
Pengana High Conviction Equities
Pengana Capital Limited
HHA0020AU
Equity World Mid/Small
starstarstarstarstar (as at 31 Oct 2024)
Investment Fund
11 Dec 2014
$44.44 million (as at 31 Aug 2024)
$4.0094 (as at 19 Nov 2024)
$3.9894 (as at 19 Nov 2024)
Open
Offer information
Type Description
MER 2.88% (as at 10 May 2024)
Indirect Cost Ratio (ICR) 1.98% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum redemption amount $500.00

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

The objective of the Pengana High Conviction Equities 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 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 managed fund is HHA0020AU.

Pengana High Conviction Equities’s total return last month was -3.9%. This was made up of a growth return of -3.9% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Equities’s total return for the last three months was 13.89%. This was made up of a growth return of 13.89% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Equities’s one-year total return is 116.97%. This was made up of a growth return of 81.86% and an income return of 35.11%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Equities’s one-year total return is 19.54%. This was made up of a growth return of 12.6% and an income return of 6.94%. These returns were calculated as at 31 Oct 2024.

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

Australian Equities
60.05%
International Equities
35.07%
Cash
4.88%
Property
0%

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

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

As at 31 Aug 2024, the size of the Pengana High Conviction Equities managed fund was $44.44 million.

The Pengana High Conviction Equities managed fund has an inception date of 11 Dec 2014.

The current entry price of the Pengana High Conviction Equities managed fund is $4.0094 per unit and the current exit price is $3.9894 per unit (as at 19 Nov 2024).

The current exit price of the Pengana High Conviction Equities managed fund is $3.9894 per unit and the current entry price is $4.0094 per unit (as at 19 Nov 2024).

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

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.