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  5. Pengana High Conviction Property Securities A - Managed fund profile

Pengana High Conviction Property Securities A - Managed Fund

Fund Objective
The Fund's investment objective is to obtain returns greater than the S&P/ASX 300 A-REIT (AUD) TR Index ('Index') over rolling 3 year periods after fees.
Fund Strategy
The Pengana High Conviction Property Securities Fund is Australia's only high conviction AREIT fund with an ESG focus. The investment team believes each security has an underlying or intrinsic value and that securities become mispriced at times relative to their value and each other. It seeks to exploit such market inefficiencies by employing an active, value based investment style to capture the underlying cashflows generated from real estate assets and/or real estate businesses.

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 -1.2% 5.21% 14.44% 48.96% 22.32% 7.17% -% -%
Growth return -1.2% 4.41% 12.39% 43.12% 17.61% 1.06% -% -%
Income return 0% 0.8% 2.05% 5.84% 4.71% 6.11% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return -2.51% 4.46% 14.2% 52.18% 21.11% 8.02% 6.24% 9.27%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Pengana High Conviction Property Securities A
Australian Equities
97.91%
Cash
2.09%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
2.12%
Cash
1.83%
International Equities
0.75%
Property
95.02%
Fixed Interest
0.25%
Alternatives
0.04%

General Information

Fund Details
Type Description
Pengana High Conviction Property Securities A
Pengana Capital Limited
PCL8246AU
Equity Australia Real Estate
starstarstar (as at 31 Oct 2024)
Investment Fund
2 Mar 2020
$20.95 million (as at 31 Jul 2024)
$1.3749 (as at 19 Nov 2024)
$1.368 (as at 19 Nov 2024)
Open
Offer information
Type Description
MER 0.71% (as at 26 Sep 2024)
Indirect Cost Ratio (ICR) 0.70% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $20,000
Minimum additional investments $5,000.00

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024) Type % of Portfolio
Goodman Group Equity 35.69%
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FAQs about the Pengana High Conviction Property Securities A

The objective of the Pengana High Conviction Property Securities A managed fund is The Fund's investment objective is to obtain returns greater than the S&P/ASX 300 A-REIT (AUD) TR Index ('Index') over rolling 3 year periods after fees.

The strategy of the Pengana High Conviction Property Securities A managed fund is The Pengana High Conviction Property Securities Fund is Australia's only high conviction AREIT fund with an ESG focus. The investment team believes each security has an underlying or intrinsic value and that securities become mispriced at times relative to their value and each other. It seeks to exploit such market inefficiencies by employing an active, value based investment style to capture the underlying cashflows generated from real estate assets and/or real estate businesses.

The APIR code of the Pengana High Conviction Property Securities A managed fund is PCL8246AU.

Pengana High Conviction Property Securities A’s total return last month was -1.2%. This was made up of a growth return of -1.2% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Property Securities A’s total return for the last three months was 5.21%. This was made up of a growth return of 4.41% and an income return of 0.8%%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Property Securities A’s one-year total return is 48.96%. This was made up of a growth return of 43.12% and an income return of 5.84%. These returns were calculated as at 31 Oct 2024.

Pengana High Conviction Property Securities A’s one-year total return is 7.17%. This was made up of a growth return of 1.06% and an income return of 6.11%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Pengana High Conviction Property Securities A managed fund is :

Australian Equities
97.91%
Cash
2.09%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Pengana High Conviction Property Securities A managed fund is Pengana Capital Limited.

The Pengana High Conviction Property Securities A managed fund belongs to the Equity Australia Real Estate sector/asset class.

As at 31 Jul 2024, the size of the Pengana High Conviction Property Securities A managed fund was $20.95 million.

The Pengana High Conviction Property Securities A managed fund has an inception date of 2 Mar 2020.

The current entry price of the Pengana High Conviction Property Securities A managed fund is $1.3749 per unit and the current exit price is $1.368 per unit (as at 19 Nov 2024).

The current exit price of the Pengana High Conviction Property Securities A managed fund is $1.368 per unit and the current entry price is $1.3749 per unit (as at 19 Nov 2024).

The minimum initial investment amount for the Pengana High Conviction Property Securities A managed fund is $20,000. 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.