| Report Date | 18 December 2012 |
| Manager | Pengana Capital |
| Fund Name | Pengana Australian Equities Fund |
| Strategy | Equity Long |
| Latest Return Date | November 2012 |
| Latest Return | 2.78% |
| Latest 6 Months | 9.92% |
| Latest 12 Months | 22.93% |
| Latest 24 Months | 26.43% |
| Annualised Since Inception | 11.92% |
| Inception Date | 01 July 2008 |
| FUM (millions) | AU$149 |
| Fund Overview | The Fund invests in listed equities and seeks to hold a concentrated core portfolio of 15-20 listed stocks in outstanding businesses to provide capital preservation in real terms, and A$ returns of 12-15% p.a. compounded over the medium term time horizon. The Fund seeks to generate consistent investment returns using fundamental research to identify companies with competent management and resilient business models. The investment methodology is designed to profit from a focus on tax aware returns (both capital and income) generated by owning outstanding businesses at reasonable prices. |
| Manager Comments | The Pengana Australian Equities Fund generated a 2.78% return for November. Major contributors to performance were positions in Seven West Media, NIB Holdings, Tatts Group, Seven Group Holdings, Credit Corp, Duet, Telstra and Crown Ltd. The only significant detractor on performance was a position in Mastermyne Group. |
| More Information | » View detailed profile of this fund |
