The Fund rose 5.9% in June, outperforming the Small Industrials by 2.0% and outperforming the Small Ordinaries by 2.8%. For the 12 months to June, the Fund was up 50.1%, outperforming the Small Industrials Index by 17.1% and outperforming the Small Ordinaries Index by 16.9%. We are pleased with the performance during the financial year and note that since inception in 2004, we have outperformed the Small Industrial index in 13 of the 16 financial years.
|1 Month||1 Year||3 Years P.A.||5 Years P.A.||10 Years P.A.||SINCE INCEPTION|
|S&P/ASX Small Ordinaries Index||3.1%||33.2%||8.6%||11.2%||6.0%||5.8%|
|ASA Small Cap Industrials Index**||3.9%||33.0%||9.4%||10.8%||10.0%||6.6%|
||Charter Hall Group||Australia||Real Estate|
||City Chic Collective||Australia||Consumer Discretionary|
||Hansen Technologies||Australia||Information Technology|
||Johns Lyng Group Ltd||Australia||Industrials|
||Lifestyle Communities||Australia||Real Estate|
||NZX Ltd||New Zealand||Financials|
||Pinnacle Investment Management||Australia||Financials|
||Uniti Wireless Ltd||Australia||Communication Services|
Senior Fund Manager
Senior Fund Manager
The Pengana Emerging Companies Fund combines the skills of highly experienced small company investors (collectively over 45 years’ experience) with a limited fund size and an objective of providing above market returns over the medium term. Our benchmark is the S&P/ASX Small Ordinaries Accumulation Index. The fund managers Steve Black and Ed Prendergast are part owners of the business and investors in the Fund, providing a strong incentive to perform. The Fund has strong research ratings from all major research houses and over the period since its inception has delivered returns well above benchmark.
|Harding Loevner International Fund||Axiom International Ethical Fund||Axiom International Ethical Fund (Hedged)||Australian Equities Fund|
|High Conviction Property Securities Fund||Global Small Companies Fund||WHEB Sustainable Impact Fund||Emerging Companies Fund|
|High Conviction Equities Fund||Pengana International Equities Limited (ASX: PIA)||Private Equity Trust (ASX: PE1)||Alpha Israel Fund|
1. Net performance figures are shown after all fees and expenses, and assume reinvestment of distributions. Past performance is not a reliable indicator of future performance, the value of investments can go up and down.
2. Inception 1 November 2004.
* For further information regarding fees please see the PDS available on our website.
** The Fund does not invest in resource stocks.