The Fund rose 0.4%1 in June, outperforming the Small Industrials by 2.7% and outperforming the Small Ordinaries Index by 2.4%1. For the 12 months to June, the Fund was down 8.5%1, underperforming the Small Industrials Index by 1.1%1 and underperforming the Small Ordinaries Index by 2.9%.
Encouragingly the Fund delivered a return of 21.6% over the June quarter, which was above the 20.8% return of the Small Industrials Index but below the 23.9% return of the Small Ordinaries Index as the Small Resources Index rose 37.2% on the back of a soaring gold price.
|1 Month||1 Year||3 Years P.A.||5 Years P.A.||10 Years P.A.||SINCE INCEPTION|
|S&P/ASX Small Ordinaries Index||-2.0%||-5.7%||6.1%||7.9%||4.6%||4.3%|
|ASA Small Cap Industrials Index**||-2.3%||-7.4%||5.2%||7.2%||8.5%||5.1%|
||Charter Hall Group||Australia||Real Estate|
||Cleanaway Waste Management||Australia||Industrials|
||EQT HOLDINGS LTD||Australia||Financials|
||Lifestyle Communities||Australia||Real Estate|
||OptiComm Ltd||Australia||Communication Services|
||Propel Funeral Partners Ltd||Australia||Consumer Discretionary|
||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.