High Conviction Equities Fund

The High Conviction Equities Fund is a highly concentrated ethically screened portfolio of Australian and global companies.

Investment strategy

The High Conviction Equities Fund invests in a concentrated, ethically screened portfolio of not more than 20 Australian and global companies.

The Fund is managed using a ‘value’ style, based on fundamental analysis of individual companies.

Broad asset allocation ranges provide flexibility to respond to changing market conditions and opportunities. The Fund can hold up to 100% cash or a single stock could make up the majority of the portfolio. Foreign currency exposures may be hedged.

Benefits of investing

A high conviction Fund. The high conviction nature of the Fund means the portfolio is highly concentrated with typically no more than 20 stocks.

Ethical approach. The Fund uses ethical screens to exclude companies on the basis of environmental, social and governance factors.

Experienced team. The investment team of six have a combined 90 years of investment experience.

Flexibility. The Fund’s broad asset allocation ranges provide the flexibility to respond to changing markets.

  • Performance History
    Fund performance for High Conviction Equities Fund

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    Performance at November 2018
    1 MTH 1 YEAR 3 YEARS 5 YEARS Since Inception
    High Conviction Equities Fund -4.03% 4.88% 27.61% - 39.86%
    RBA Cash Rate plus 3% 0.36% 4.50% 4.59% - 4.77%
    Outperformance vs. RBA -4.39% 0.38% 23.01% - 35.09%

    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.

    Fund inception date: December 2014.

    The equally weighted portfolio is calculated by compounding the equally weighted monthly returns of the Pengana funds that were open during each month.  The calculation includes the following funds: Pengana Emerging Companies Fund, Pengana Australian Equities Fund, Pengana Absolute Return Asia Pacific Fund, Pengana Global Small Companies Fund, Pengana International Equities Fund, Pengana International Equities Managed Risk Fund, Pengana PanAgora Absolute Return Global Equities Fund.  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.

  • Fund Facts
    Minimum investment:

    $25,000

    Recommended timeframe:

    7 or more years

    Inception date:

    11 December 2014

    Benchmark:

    RBA Cash Rate + 3%

    Management fee (incl GST):

    1.8%

    Performance fee:

    15.38% of any return greater than the RBA’s Cash Rate target +3%, payable half yearly

    Buy/sell spread:

    0.25%

    Entry/ exit fees:

    Nil

    Distribution frequency:

    Half yearly (June and December)

    Typical number of stocks:

    Typically less than 20

    APIR code:

    HHA0020AU

  • Unit Prices
    Unit Prices History Table
    Date Application Redemption Distributions
    12 Dec 2018 2.0559 2.0456 -
    11 Dec 2018 2.0243 2.0142 -
    10 Dec 2018 2.0101 2.0000 -
    07 Dec 2018 1.9885 1.9786 -
    06 Dec 2018 2.0138 2.0038 -
    05 Dec 2018 2.0294 2.0192 -
    04 Dec 2018 2.0234 2.0133 -
    03 Dec 2018 2.0600 2.0498 -
    30 Nov 2018 2.0313 2.0211 -
    29 Nov 2018 2.0184 2.0084 -
    28 Nov 2018 2.0352 2.0250 -
    27 Nov 2018 1.9977 1.9877 -
    26 Nov 2018 2.0112 2.0012 -
    23 Nov 2018 1.9864 1.9765 -

    Download Unit Prices

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  • Investment Team
    James McDonald
    James McDonald

    Portfolio Manager

    Read full profile

  • Investor Notifications
    Complaints resolution process for retail clients who invest through Platforms Download
    Attribution Managed Investment Trust regime changes - 4 December 2017 Download
  • Reports and Resources

    High Conviction Equities Fund

     

  • Ratings and Awards
    Ratings

    This report may only be accessed by holders of Australian Financial Services Licences and their authorised representatives.

    Please contact Pengana for further information on ratings for this Fund.

    Awards

    The Pengana High Conviction Equities Fund has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.*


    *The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.