WHEB Sustainable Impact Fund

The Pengana WHEB Sustainable Impact Fund invests in a diversified global portfolio of high quality companies which produce goods and services that provide solutions to sustainability challenges.

Your investment could make a difference to the challenge of sustainability. Learn the positive impact that your investment could make.

VISIT IMPACT INVESTING MICROSITE

 

Investment strategy

The Pengana WHEB Sustainable Impact Fund aims to generate capital growth over the medium to longer term.

Pengana has appointed UK-based WHEB Asset Management LLP (WHEB) to manage the Fund. WHEB is a global leader in sustainable investing with a focus on the opportunities created by the transition to more sustainable, resource efficient and energy efficient economies. 

WHEB have identified critical environmental and social challenges facing the global population over the coming decades. WHEB invests in a diverse portfolio of global companies providing solutions to these sustainability challenges via nine sustainable investment themes – five of these are environmental (cleaner energy, environmental services, resource efficiency, sustainable transport and water management) and four are social (education, health, safety and well-being).

The portfolio is actively managed and stock selection is based on deep research integrating financial factors with environmental, social and governance factors.

Benefits of investing

Sustainability focus. The Fund’s investment manager WHEB focuses on companies that which produce goods and services that provide a positive environmental and social impact.

Measurement of investment impact. WHEB measures, calculates and reports on the extent of positive social and environmental impact from investing in the Fund.

Diversification. The portfolio will consist of approximately 50 global companies, with usually no more than 2.5% of the Fund invested in each. This portfolio will have materially different exposures to broad global indices.

In-depth research. The WHEB investment team conducts an in-depth review of candidates for inclusion in the portfolio, using quantitative screens and thematic research to evaluate opportunities.

Proven investment expertise. The Fund’s investment manager, WHEB, is world-renowned for its experience, innovation and thought leadership in sustainable investing.

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Fund Profile
Latest Impact Report
  • Performance History
    Fund performance for WHEB Sustainable Impact Fund and strategy (incl partial simulation)

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    Investment Period to
    Please select a minimum 60 day date range.
    Performance at December 2020
    1 MTH 1 YEAR 3 YEARS 5 YEARS Since Inception
    WHEB Sustainable Impact Fund and strategy (incl partial simulation) -0.33% 13.68% 12.09% 10.55% 6.56%
    MSCI World Total Return Index (net, AUD unhedged) -0.46% 5.58% 11.04% 10.88% 6.38%
    Outperformance 0.13% 8.10% 1.05% -0.33% 0.18%

    From August 2017, performance figures are those of the Pengana WHEB Sustainable Impact Fund’s class A units (net of fees and including reinvestment of distributions). The strategy’s AUD performance between January 2006 and July 2017 (shown in the green shaded area above) has been simulated by Pengana from the monthly net GBP returns of the Henderson Industries of the Future Fund (from 1 January 2006 to 31 December 2011) and the FP WHEB Sustainability Fund (from 30 April 2012 to 31 July 2017). This was done by: 1) converting the GBP denominated net returns to AUD using FactSet’s month-end FX rates (London 4PM); 2) adding back the relevant fund's monthly ongoing charge figure; then 3) deducting the Pengana WHEB Sustainable Impact Fund’s management fee of 1.35% p.a. The WHEB Listed Equity strategy did not operate between 1 January 2012 and 29 April 2012 – during this period returns are nulled. The Henderson Industries of the Future Fund’s and the FP WHEB Sustainability Fund’s GBP net track record data is historical. Past performance is not a reliable indicator of future performance. The value of the investment can go up or down.

    The WHEB Listed Equity Strategy was implemented in the Pengana WHEB Sustainable Impact Fund from 1 August 2017 by WHEB Asset Management LLP. The financial information refers to the WHEB Listed Equity Strategy. For full performance history of the prior Hunter Hall Global Deep Green strategy please refer to the unit price history section below.

    Download Returns

     

  • Fund Facts
    Minimum investment:

    $10,000

    Recommended timeframe:

    At least 7 years

    Inception date:

    31 October 2007. Relaunched on 1 August 2017.*

    Benchmark:

    N/A

    Management fee (incl GST):

    1.35% pa

    Buy/sell spread:

    0.30% on both applications and redemptions

    Entry/ exit fees:

    Nil

    Fund pricing:

    Daily

    Distribution frequency:

    Annually in June

    APIR code:

    HHA0007AU

    *The Hunter Hall Global Deep Green Trust was relaunched on 1 August 2017 as the Pengana WHEB Sustainable Impact Fund employing the WHEB Listed Equity Strategy. Prior to relaunch, the Fund employed a different strategy. The Hunter Hall Global Deep Green Trust incepted on 31 October 2007. The WHEB Listed Equity strategy was first employed in the Henderson Industries of the Future Fund beginning 1 January 2006.

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  • Unit Prices
    Unit Prices History Table
    Date Application Redemption Distributions
    22 Jan 2021 1.5015 1.4925 -
    21 Jan 2021 1.4980 1.4891 -
    20 Jan 2021 1.5006 1.4917 -
    19 Jan 2021 1.4977 1.4887 -
    18 Jan 2021 1.4921 1.4832 -
    15 Jan 2021 1.4871 1.4782 -
    14 Jan 2021 1.4949 1.4859 -
    13 Jan 2021 1.5054 1.4964 -
    12 Jan 2021 1.5079 1.4989 -
    11 Jan 2021 1.5139 1.5048 -
    08 Jan 2021 1.5056 1.4966 -
    07 Jan 2021 1.4996 1.4906 -
    06 Jan 2021 1.4733 1.4645 -
    05 Jan 2021 1.4525 1.4438 -

    Download Unit Prices

    The WHEB Listed Equity Strategy was implemented in the Pengana WHEB Sustainable Impact Fund from 1 August 2017 by WHEB Asset Management LLP. The unit price history prior to 1 August 2017 refers to the previous strategy managed by Hunter Hall (Global Deep Green).

    Where a distribution is shown, the price for that date is prior to the payment of the distribution.  The following day's price will exclude that distribution payment amount.

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    The WHEB Listed Equity Strategy was implemented in the Pengana WHEB Sustainable Impact Fund from 1 August 2017 by WHEB Asset Management LLP. The unit price history prior to 1 August 2017 refers to the previous strategy managed by Hunter Hall (Global Deep Green).

    Where a distribution is shown, the price for that date is prior to the payment of the distribution.  The following day's price will exclude that distribution payment amount.

  • Investment Team
    George atham
    George Latham

    Managing Partner

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    Seb Below
    Seb Beloe

    Partner, Head of Research

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    Ted Franks
    Ted Franks

    Partner, Fund Manager

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    Ty Lee
    Ty Lee

    Associate Fund Manager

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    Ben Kluftinger
    Ben Kluftinger

    Senior Analyst

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  • Investor Notifications
    Notice of change of Address Download
    Complaints resolution process for retail clients who invest through Platforms Download
    Notification to investors regarding the proposed change of responsible entity from Pengana Investment Management Limited to Pengana Capital Limited (both part of the Pengana Capital Group) Download
    Website notice regarding change of Responsible Entity Download
  • Reports and Resources
    Important Information
    PDS & Product Guide
    Application for Additional Investment
    Invest Now

    WHEB Sustainable Impact Fund

     

  • Ratings and Awards
    Ratings
    Lonsec Highly Recommended* Click to View
    Zenith Recommended** Click to View

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

     

    *The Lonsec Rating (assigned January 2020) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to "General Advice" (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Pengana Capital product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

    For further information regarding Lonsec's Ratings methodology, please refer to our website at: http://www.beyond.lonsec.com.au/intelligence/lonsec-ratings.

    **The Zenith Investment Partners ("Zenith") Australian Financial Services License No. 226872 rating (assigned November 2018) referred to in this document is limited to "General Advice" (as defined by the Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Zenith usually charges the product issuer, fund manager or a related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessment’s and at http://www.zenithpartners.com.au/RegulatoryGuidelines.

    Awards
    RIAA SRI Cert Logo

    The Pengana WHEB Sustainable Impact 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.