The Pengana Emerging Companies Fund provides exposure to a diversified portfolio of Australian small cap industrial companies.
Launched in 2004, the Pengana Emerging Companies Fund invests in a portfolio of small cap industrial companies. The Fund is closed to new investors, however existing investors can make additional applications.
The Funds investment strategy is based on an underlying belief that smaller companies share prices are often incorrectly priced.
The investment process focuses on a very active company visitation program to assess management quality and over time the investment team will visit most of the 800 companies in its universe.
In addition to meeting with management, the teams qualitative-based approach also focuses on product/service quality, competitive advantage, growth prospects and financial position.
As the Fund will only invest in companies that can be valued with relative confidence, it will not own resource companies, listed property trusts or loss making companies.
The Fund has won numerous awards since its inception including most recently the Money Magazine Best of the Best Small Companies Fund award in 2016.
Active approach.Many inefficiencies exist in the small caps market, enabling our team to identify mispriced opportunities.
Focus on minimising risks.Our stringent research enables lower risk exposure to quality small cap companies.
Limited fund size.Limiting the size of the Fund helps to maintain a nimble investment approach.
Conservative investment approach.The Fund does not own resources companies and looks to avoid loss-making companies.
Strong track record.The Fund has a strong track record in up and down markets since inception.
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.
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.
20.5% of the performance (after management fees and expenses) above the return of the benchmark, subject to a high water mark and positive performance in the period. Payable six monthly.
Complaints resolution process for retail clients who invest through Platforms
Attribution Managed Investment Trust regime changes – 4 December 2017
This report may only be accessed by holders of Australian Financial Services Licences and their authorised representatives.
*The Lonsec Rating(assigned January 2019) 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.
**The Zenith Investment Partners(Zenith) Australian Financial Services License No. 226872 rating (assigned February 2019) 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 Zeniths methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at
Finalist Money Management Fund Manager of the Year 2015 (Australian Equities (Small Cap))
Finalist Money Management IMCA Fund Manager of the Year 2006 (Australian Shares (Small Cap))
Finalist Money Management IMCA Fund Manager of the Year 2007 (Australian Shares Small Cap)
Highly Commended Financial Review smart investor Blue Ribbon Awards 2009 (Australian Small Cap Shares)
Money magazine Best of the Best Small Companies Fund 2016
Runner Up Money Management,Lonsec Fund Manager of the Year 2011 (Australian Equities Small Cap)
Winner Money Management Lonsec Fund Manager of the Year 2008 (Australian Equities Small Cap)
Winner Money Magazine Best Smaller Companies Fund 2009
Winner Standard & Poors Fund Awards 2007 (Australian Equity Small Caps)
The Value Growth Trust, now known as the Pengana International Fund – Ethical, has been rated 1 global ethical/sustainable fund by a highly regarded research house.
If you are looking for an ethical/sustainable fund that aims to deliver superior risk-adjusted returns, the new Pengana International Fund – Ethical strategy may be just what you need.
Got a question or need some further information about this Fund?