The Fund rose 3.7%¹ in December, outperforming the Small Industrials by 2.5%¹ and outperforming the Small Ordinaries by 0.9%¹. For the 12 months to December, the Fund was up 6.9%¹, outperforming the Small Industrials Index by 1.0%¹ and underperforming the Small Ordinaries Index by 2.3%¹. Given the remarkable volatility of 2020, we are pleased with the fund’s performance.
|1 Month||1 Year||3 Years P.A.||5 Years P.A.||10 Years P.A.||SINCE INCEPTION|
|S&P/ASX Small Ordinaries Index||2.8%||9.2%||6.6%||10.5%||3.8%||5.3%|
|ASA Small Cap Industrials Index**||1.2%||5.9%||7.2%||8.7%||8.6%||6.1%|
||Charter Hall Group||Australia||Real Estate|
||City Chic Collective||Australia||Consumer Discretionary|
||EQT HOLDINGS LTD||Australia||Financials|
||Integral Diagnostics||Australia||Health Care|
||Johns Lyng Group Ltd||Australia||Industrials|
||Lifestyle Communities||Australia||Real Estate|
||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.