October marked the end of our 15th year managing this fund. Over that period we have generated a 13.4% annual return after all fees1 (8.3% above the Small Ordinaries performance). The team has not changed in 15 years, nor has the investment process. The portfolio managers remain heavily invested in the fund, and strongly committed to the business.
|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||-0.5%||14.4%||10.4%||9.6%||4.6%||5.1%|
|ASA Small Cap Industrials Index**||-0.5%||19.0%||10.9%||9.9%||8.4%||6.1%|
||AP Eagers Ltd||Australia||Consumer Discretionary|
||Charter Hall Group||Australia||Real Estate|
||City Chic Collective||Australia||Consumer Discretionary|
||EQT HOLDINGS LTD||Australia||Financials|
||Lifestyle Communities||Australia||Real Estate|
||Seven Group Holdings||Australia||Industrials|
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.
|International 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 July 2004.
3. Annualised standard deviation since inception.
4. Relative to S&P/ASX Small Ordinaries Accumulation Index
* For further information regarding fees please see the PDS available on our website.
** The Fund does not invest in resource stocks.