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Pengana Australian Equities Market Neutral A
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General Information
Fund Name Pengana Australian Equities Market Neutral A
Manager Pengana Capital Limited
APIR Code PCL0013AU  
Sector/Asset Class Hedge Funds - Australia  
Morningstar Rating  (as at 30th Apr 2013)  
Legal Structure Investment Fund  
Fund Inception 31st Aug 2008
Fund Size $16.08 million (as at 30th Apr 2013) 
Entry Price $1.0634 (as at 20th May 2013) 
Exit Price $1.057 (as at 20th May 2013) 
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Fund Performance (as at 30th Apr 2013)   NOTE : returns for periods greater than 1 year are annualised
  1 Month
%		 3 Month
%		 6 Month
%		 1 Year
% p.a.		 2 Year
% p.a.		 3 Year
% p.a.		 5 Year
% p.a.		 10 Year
% p.a.
Total Return -0.94 4.92 0.96 -5.51 9.4 9.81 - -
Growth Return -0.94 4.65 0.70 -9.58 2.08 -1.11 - -
Income Return 0.00 0.27 0.26 4.07 7.32 10.92 - -
Morningstar Index
(Mstar PG ITr Hedge Funds - Australia Idx)  
Total Return 2.36 5.49 9.17 11.48 4.48 6.31 5.84 9.28
Market Index
(RBA Bank accepted Bills 90 Days)
Total Return 0.24 0.72 1.51 3.28 3.97 4.28 4.42 5.17


Asset Allocation (as at 29th Feb 2012)  
Domestic Shares 0.61%
International Shares 0%
Cash 99.39%
Listed Property 0%
Direct Property 0%
Domestic Fixed Interest 0%
International Fixed Interest 0%
Mortgage 0%
Other 0%
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Objectives and Strategy
Fund Objective The Fund's investment objective is to generate a net annualised return of 5-10% over the annualised average of the daily RBA Cash Rate for the relevant period with a risk target (annualised standard deviation) of 8-10%.
Fund Strategy This Fund is an unlisted registered managed investment scheme that provides investors with a 'Market Neutral' exposure to a portfolio of Australian stocks listed on the Australian Stock Exchange with a majority of the stocks included in the S&P / ASX 300 index. A Market Neutral investment strategy aims to construct a portfolio that is neutral to market movements, such that the investment strategy's performance is independent of the market's performance.

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Offer Information
Entry Fee via InvestSMART 0%
Indirect Cost Ratio (ICR) 1.76% (as at 30th Jun 2012)
Minimum Initial Investment $20,000
Minimum Additional Investments $5,000

MorningstarThe data is provided by Morningstar. For further information on managed funds, including Research Reports, please visit www.morningstar.com.au

© Copyright Morningstar Australasia Pty Ltd 2009 ABN 95 090 665 544 (Morningstar), AFSL 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

Further managed funds data is provided by Standard & Poor's Information Services and is subject to the following disclaimers.

* Dates for historical returns vary from fund to fund



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