| Report Date | 31 March 2014 |
| Manager | Pengana Capital |
| Fund Name | Pengana Australian Equities Fund |
| Strategy | Equity Long |
| Latest Return Date | February 2014 |
| Latest Return | 1.44% |
| Latest 6 Months | 3.22% |
| Latest 12 Months | 7.30% |
| Latest 24 Months | 36.90% |
| Annualised Since Inception | 12.74% |
| Inception Date | 01 July 2008 |
| FUM (millions) | AU$377 |
| Fund Overview | The Fund invests in listed equities and seeks to hold a concentrated core portfolio of 15-20 listed stocks in outstanding businesses to provide capital preservation in real terms, and A$ 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 | Pengana Australian Equities Fund recorded a 1.44% return during February 2014 and 7.30% for the preceding 12 months with a volatility of 6.41%. The Fund's return since inception in July 2008 is 12.74% (5.30% ASX 200 Acc) with a volatility of 10.11% as compared to 15.07% for the Index.
As at 28th February 2014, cash (including notes and preference shares) represented 20% of the Fund. The top five holdings by value were: DUET Group, ANZ Bank, Telstra, NAB and Resmed. The Fund's exposure to non-Australian dollar earnings streams (inclusive of companies with global earnings profiles such as Resmed, Fox Group, CSL, Crown Resorts, NZ based companies and US dollar exposure) stood at 25%. |
| More Information | » View detailed profile of this fund |
