Distributions

2020 Year End

Distribution timetable 

Fund Name APIR Code Financial Year end CUM Price Financial Year end Ex- Price Available Distribution Amounts and Tax Components Available Payment of Distribution (2) Annual / Distribution Statements Issued AMMA/Tax Statements Issued Catch-Up Pricing Period (1)
Pengana Australian Equities Fund PCL0005AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana Australian Equities Income Fund HHA0001AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana Emerging Companies Fund PER0270AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana Global Small Companies Fund PCL0022AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana High Conviction Equities Fund HHA0020AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana High Conviction Property Securities Fund PCL8246AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana International Equities Fund PCL0019AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana International Fund Ethical HOW0002AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana International Fund Ethical Opportunity HHA0002AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020
Pengana International Equities Fund- Managed Risk PCL0027AU 02/07/2020 14/07/2020 14/07/2020 21/07/2020 21/07/2020 28/07/2020 15/07/2020– 22/07/2020
Pengana WHEB Sustainable Impact Fund HHA0007AU 01/07/2020 09/07/2020 09/07/2020 17/07/2020 17/07/2020 28/07/2020 9/07/2020– 17/07/2020

Estimated distribution information

This table provides distribution estimates on selected Pengana Capital Limited funds, including the estimated split between income3 and capital gains as at 6 April 2020.  The table includes only funds estimated to have distributable income as at 6 April 2020.

The distribution figures for each fund are estimates only based on the fund’s position as at 6 April 2020 and do not include any projected net income or loss for the period 7 April 2020 to 30 June 2020.  The actual distribution paid for each fund as at 30 June 2020 (including the actual distribution split between income and capital) may vary significantly from the distribution estimates shown.  For example, changes to the tax law after 6 April 2020 and income derived between 6 April 2020 and 30 June 2020, including the realisation of gains and losses may impact the final distribution return for each fund. 

Pengana Capital Limited accepts no responsibility for any losses that may be incurred as a result of the final figures differing from these estimates.

Fund Name APIR Code CPU distributed YTD4 Estimated Final Distribution CPU as at 6 April 2020 Estimated Full Year Distribution CPU as at 6 April 2020 Estimated Full Year Income (as % of Distribution CPU) Estimated Full Year Capital (as % of Distribution CPU) Estimated Full Year Distribution as a % of Fund Size Actual Full Year Distribution as at 30 June 2019 (CPU)
Pengana Australian Equities Fund PCL0005AU 4.50 14.39 18.89 21.07% 78.93% 9.23% 14.50
Pengana International  Fund PCL0026AU - 6.66 6.66 0.32% 99.68% 4.93% 16.72
Pengana High Convictions Equities Fund HHA0020AU - 17.20 17.20 0.00% 100.00% 8.42% 14.35
Pengana International Fund- Ethical HOW0002AU - 15.62 15.62 0.00% 100.00% 5.06% 16.03
Pengana High Conviction Property Securities Fund PCL8246AU - 1.43 1.43 13.71% 86.29% 1.69% -

Distribution FAQ

  • WHY MAY THE UNIT PRICE FOR MY FUND DECREASE AFTER 30 JUNE?

    A unit price reflects the value of a fund’s investments, including any income accrued but not yet distributed. When distributions are paid, the unit price will usually decrease by an amount equal to the distribution. As a result, if your fund pays a distribution on 30 June, the unit price will generally decrease after the close of business by the same amount.

    Please note that if you fully withdraw units from your fund before 30 June, you will not receive a distribution for those units. If you partially withdraw units from your fund you will only receive a distribution for the units you still hold at 30 June.

  • WHY IS THERE A DELAY IN RELEASING UNIT PRICES AFTER 30 JUNE?

    Finalising year-end unit prices is a detailed process and takes time due to distribution calculations and review requirements. We expect unit prices for Pengana’s funds to be caught up by mid-July.

  • WHY ARE THERE DELAYS IN PROCESSING WITHDRAWALS DURING JULY?

    During July there may be delays in issuing unit prices as we finalise year-end distributions. While unit prices are unavailable, we are not able to process transactions, including withdrawals.

    This delay will not affect the value of your investment or the value of any transactions made during the year-end period. When unit prices are issued, transactions will be processed for the day they were received and accepted.

    We will endeavour to obtain the prices and process transaction requests as quickly as possible.

  • WHY DO FUNDS PAY DISTRIBUTIONS?

    Funds generally pay all of their distributable income for the year to investors.  Distributable income is made up primarily of interest, dividends and net realised capital gains of the fund less fund expenses.  Funds are required to attribute this income to investors for tax purposes whether they pay an actual distribution or not.  Most funds pay the same amount that they attribute.

  • DOES THE DISTRIBUTION REPRESENT THE PERFORMANCE OF THE FUND?

    Unrealised capital gains for the year are not included in distributable income, so distributions are not necessarily a good representation of performance.  If a fund has significant unrealised capital gains for the year, performance may be far better than the distribution.

  • WHEN WILL I RECEIVE MY DISTRIBUTION PAYMENT?

    Please refer to our Distribution calendar for this information.  We will keep this updated with current information throughout the year end process.

  • DOES THE REINVESTMENT OF MY 30 JUNE DISTRIBUTION OCCUR BEFORE OR AFTER 30 JUNE?

    The reinvestment of your 30 June distribution will be processed with an effective date of 30 June using the fund’s post-distribution price.  This reinvestment amount will appear as a separate transaction on your statement and will be incorporated into the opening balance for the following financial year.

  • WHY HAVE I HAD TAX WITHHELD FROM MY DISTRIBUTION?

    Tax may have been withheld from your distribution because you’re an overseas resident for tax purposes or because you have not supplied us with your Australian Tax File Number (TFN Withholding Tax).  If you have had TFN Withholding Tax applied to your distribution you should provide us with your Tax File Number.  You can often claim Withholding tax back when you lodge your tax return.  

  • WHAT STATEMENTS WILL I RECEIVE AFTER YEAR END?

    You will receive four statements during the year end period:

    • a transaction statement for the month or quarter to 30 June;
    • a distribution statement informing you of the amount of the distribution at 30 June;
    • a Tax (AMMA) statement for the financial year; and
    • a Periodic statement for the financial year.
  • WILL I RECEIVE A TAX STATEMENT IF I HAVE REDEEMED UNITS IN MY INVESTMENT?

    Tax Statements (now referred to as AMMA statements) are issued to all investors who have received a distribution during the financial year.  If you have received a distribution during the year you will receive an AMMA statement.

  • WILL I GET A TAX STATEMENT IF I HAVEN'T BEEN PAID DISTRIBUTIONS?

    Tax Statements (now referred to as AMMA statements) are issued to all investors who have received a distribution during the financial year.  If you have received a distribution during the year you will receive an AMMA statement.

  • DO PENGANA PROVIDE CAPITAL GAINS STATEMENTS?

    Like most investment managers, Pengana do not provide investors with Capital Gains Statements.

 

Unit prices for Pengana’s funds will be delayed during the distribution period.  All applications and redemptions will receive the unit price effective for the date they are received by Pengana, but transactions will not be processed until the price is available.  Unit prices for 1 July 2020 onwards will be available commencing 9 July 2020 and will be up to date by the end of the catch-up pricing period set out above.

Subject to the fund having distributable income

Includes estimated tax deferred income and CGT concession

Year to date period from 1 July 2019 to 6 April 2020