Pengana Global Small Companies Fund
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About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/100310-2024-05-14-02:38.pdf |
FUND MANAGER | Lizard Investors LLC |
ASX Code | |
APIR | PCL0022AU |
ASSET CLASS | SMALL CAP EQUITIES |
INVESTMENT STYLE | The Fund provides exposure to a diversified portfolio of predominantly listed global small and mid-cap companies. |
INVESTMENT PROFILE | The Fund's investment objective is to obtain returns greater than the Benchmark over rolling 3 year periods after fees. |
CURRENCY MANAGEMENT | Unhedged |
INCEPTION DATE | 01-04-2015 |
BENCHMARK | MSCI All Country World Index SMID Cap (unhedged in Australian dollars) |
FUND SIZE | MSCI All Country World Index SMID Cap (unhedged in Australian dollars) |
DISTRIBUTION FREQUENCY | Half-yearly |
NO. OF HOLDINGS | 30-80 |
FEES | 1.1% p.a. of the net asset value |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Pengana Global Small Companies FundThe Fund offers investors the following benefits:
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RISK LEVEL | 6 |
INVESTOR SUITABILITY | The Fund may be suited to you if:
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Risks
Title | |
Detail |
Key Features
About the FundThe Fund is an actively managed portfolio of predominantly small and mid cap listed global securities. Investment strategyThe Pengana Global Small Companies Fund is an actively managed portfolio of global small and mid-cap stocks. The Fund's investments are managed by specialist US-based manager Lizard Investors LLC, who create and actively manage portfolios not typically owned by large institutions. Investment approachThe Fund's investment manager uses a value-oriented investment approach to small and mid- cap global equities that seeks to identify and invest in quality businesses that create significant value but are mispriced, overlooked or out-of-favour. The investment manager believes that unique opportunities exist due to limited available research, corporate actions or unfavourable investor perception. |
Mandate
How we invest your moneyInvestment processThe investment manager conducts independent analysis to generate its own investment ideas. Investment opportunities must meet the following 5 criteria to be considered for inclusion in the portfolio:
The portfolio construction process aims to develop portfolios that incorporate the best investment ideas from the investment manager's research while allowing for liquidity constraints and perceived risk. The Fund's investment manager will not typically hedge currency exposures, however during periods of currency extremes, some currency hedging may be employed. Indicative strategic asset allocationThe Fund's investment manager aims to manage the Fund within the following guidelines:
The Fund can invest in securities that are not part of the Index. The Fund's investment manager will endeavour to work within the above guidelines - however these should be viewed as objectives only and not absolute limits. |