Last year proved once again, in dramatic fashion, that investors should not try to predict short term market performance. The Fund benefitted from having multiple strategies within the same portfolio, specifically Growth as well as Value, which allowed us the flexibility to move within our universe of companies (both domestic and global) in a market that was characterized by high variability.
The Fund also benefitted from our out-of-the-money put option protection, a discipline we have adhered to over the life of the Fund. These options protect investors against catastrophic falls, which, as usual, may strike without warning
||Doral Group Renewable Energy R||Israel||Renewable Electricity|
||Human Xtensions Ltd||Israel||Health Care Equipment|
||Peninsula Group||Israel||Specialized Finance|
||Priortech Ltd||Israel||Electronic Components|
|1 Month||1 Year||2 Years P.A.||3 Years P.A.||SINCE INCEPTION|
|Fund Class A (AUD)||1.8%||9.9%||18.6%||13.1%||12.5%|
|Fund Class B (USD)||2.1%||15.9%||20.5%||14.3%||13.6%|
|Tel Aviv Stock
Exchange 125 Index
|Tel Aviv Stock
Exchange Small And
Medium Cap 60 Index
|VOLATILITY3||11.2%||NUMBER OF STOCKS||36|
|BETA (USING DAILY RETURNS)4||0.55||MAXIMUM DRAW DOWN||-13.6%|
|VOLATILITY3||10.6%||NUMBER OF STOCKS||36|
|BETA (USING DAILY RETURNS)4||0.51||MAXIMUM DRAW DOWN||-11.4%|
Founder & CEO
Founder & Managing Partner
The Pengana Alpha Israel Fund invests in listed Israeli companies that produce cutting edge – both high and low tech – technologies. These Israeli listed companies have developed solid intellectual property coupled with strong global distribution.
The Fund offers Australian investors diversification within global equity exposure to a unique and promising market that is very much skewed to industries and technologies that are either limited, or do not exist, in the Australian market place, such as: the semiconductor industry, solar and water treatment technology, aerospace and electronic defence industries, and cyber security technologies.
|Harding Loevner International Fund||Axiom International Ethical Fund (Hedged)||Axiom International Ethical Fund||High Conviction Property Securities Fund|
|Australian Equities 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. Class A is shown in $AUD, Class B is shown in $USD, Benchmarks 1&2 are $ILS. Past performance is not a reliable indicator of future performance, the value of investments can go up and down.
2. Inception 1st January 2018.
3. Annualised Standard Deviation since inception
4. Relative to Tel Aviv Stock Exchange 125 Index
Benchmark 1: Tel Aviv Stock Exchange 125 Index
Benchmark 2: Tel Aviv Stock Exchange Small And Medium Cap 60 Index
Please note: This fund is only open to Wholesale Investors.