The fund fell 26.8%1 during the month of March, underperforming the Small Ordinaries by 4.5%1 and the Small Industrials by 3.5%1. For the 12 months to March the fund is down 21.0%1 which is in line with the Small Ordinaries and 1.7% below the Small Industrials.
Our full commentary is below as well as video of a detailed webinar presentation outlining the fund and our current views on the market.
|1 Month||1 Year||3 Years P.A.||5 Years P.A.||10 Years P.A.||SINCE INCEPTION P.A.2|
|S&P/ASX Small Ordinaries Index||-22.4%||-21.0%||-1.3%||2.5%||1.1%||2.9%|
|ASA Small Cap Industrials Index**||-23.3%||-19.3%||-1.2%||2.3%||5.0%||3.9%|
||Charter Hall Group||Australia||Real Estate|
||Cleanaway Waste Management||Australia||Industrials|
||EQT HOLDINGS LTD||Australia||Financials|
||Fisher & Paykel Healthcare||Australia||Health Care|
||Lifestyle Communities||Australia||Real Estate|
||Technology One||Australia||Information Technology|
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.
|Alpha Israel Fund||International Fund||High Conviction Property Securities Fund||Australian Equities Fund|
|International Fund - Ethical||Global Small Companies Fund||WHEB Sustainable Impact Fund||Emerging Companies Fund|
|High Conviction Equities Fund||Australian Equities Income Fund||Pengana International Equities Limited (ASX: PIA)||International Fund - Ethical Opportunity|
|Private Equity Trust (ASX: PE1)|
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.