SHARE PRICE

NTA PRE-TAX2

PERFORMANCE SINCE MANDATED1

Targeting fully-franked dividends. Paid Quarterly.

Pengana International Equities Limited (trading on the ASX as PIA) is a Listed Investment Company (“LIC”) that exists to provide shareholders with capital growth as well as regular, reliable, and fully franked dividends.

The strategy aims to generate consistent long-term returns whilst reducing volatility and the risk of losing capital, from investing in an ethically screened and actively managed portfolio of global businesses.

PIA’s portfolio is diversified across geographies, industries, and company sizes. The companies considered for inclusion in the portfolio demonstrate large and growing free cash flow generation, low levels of debt, are reasonably valued, and fit our ESG requirements.

The investment strategy utilised by PIA was devised by experienced investment professionals over many years.

Benefits of investing in the strategy

  • Skilled investment team
  • A truly active strategy
  • Investment approach that is suitable across different market environments
  • Investment in high-quality businesses at compelling valuations
  • Focus on risk and return
  • Responsible Investment process

Benefits of investing in PIA’s LIC structure

  • Shares can be bought and sold on the ASX
  • Quarterly-annual fully franked dividends
  • Investment activities are not affected by redemptions or unexpected cash inflows or outflows
  • Regular reporting to shareholders e.g. semi-annual financial reports and weekly NTA
  • Shareholders can interact with directors and management
  • The company is subject to ASX and ASIC supervision

The portfolio utilises a negative screening process which seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in the following:

7 KEY INGREDIENTS FOR OUR STOCK PICKS

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PERFORMANCE

  • CHART
  • TABLE

July 2017 represented the first full month of Pengana International Equities Limited being managed under the new investment mandate with the new investment team. The performance in the table above refers to the movement in net assets per share.

Performance figures refer to the movement in net assets per share, reversing out the impact of option exercises and payments of dividends, before tax paid or accrued on realised and unrealised gains. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. Inception date of PIA: 19 March 2004, new investment team with new mandate adopted: 1 July 2017.

None of Pengana International Equities Limited (‘PIA’), Pengana Investment Management Limited nor any of their related entities guarantees the repayment of capital or any particular rate of return from PIA. Past performance is no guarantee of future performance. This information has been prepared by PIA and does not take into account a reader’s investment objectives, particular needs or financial situation. It is general information only and should not be considered investment advice and should not be relied on as an investment recommendation.

PERFORMANCE AT 26 Feb 2021
1 MTH 1 YEAR 3 YEARS P.A. SINCE MANDATED
Pengana International Equities Limited 1.5% 18.3% 12.3% 12.8%
MSCI World Total Return Index, Net Dividends Reinvested, in A$ 1.6% 7.7% 11% 11.8%

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July 2017 represented the first full month of Pengana International Equities Limited being managed under the new investment mandate with the new investment team. The performance in the table above refers to the movement in net assets per share.

Performance figures refer to the movement in net assets per share, reversing out the impact of option exercises and payments of dividends, before tax paid or accrued on realised and unrealised gains. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. Inception date of PIA: 19 March 2004, new investment team with new mandate adopted: 1 July 2017.

None of Pengana International Equities Limited (‘PIA’), Pengana Investment Management Limited nor any of their related entities guarantees the repayment of capital or any particular rate of return from PIA. Past performance is no guarantee of future performance. This information has been prepared by PIA and does not take into account a reader’s investment objectives, particular needs or financial situation. It is general information only and should not be considered investment advice and should not be relied on as an investment recommendation.

PORTFOLIO

  • TOP HOLDINGS (alphabetically)
  • Portfolio breakdown
Alibaba Group Holding LTD
China
Consumer Discretionary
Charter Communications Inc
United States
Communication Services
Cigna Corp
United States
Health Care
Houlihan Lokey Inc
United States
Financials
Indus Towers Ltd
India
Communication Services
Lumentum
United States
Information Technology
Pinterest Inc
United States
Communication Services
Rakuten Inc
Japan
Consumer Discretionary
Tencent Holdings
China
Communication Services
UnitedHealth Group Inc
United States
Health Care

THE TEAM

James McDonald

James McDonald

CIO

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Ryan Fisher

Ryan Fisher

Equity Analyst

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Ronald Yu

Ronald Yu

Equity Analyst

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Veronica Price

Veronica Price

Equity Analyst

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Joy Yacoub

Joy Yacoub

Executive Director - International Equities Division

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Paula Ferrao

Paula Ferrao

ESG Analyst

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Key Facts

ASX CODE:

PIA

RECOMMENDED TIMEFRAME:

3 years or more

TYPICAL NUMBER OF STOCKS:

30-50

MANDATED:

1 July 2017

 

DIVIDEND FREQUENCY:

QUARTERLY

BENCHMARK:

MSCI World Total Return Index (net) in $A

MANAGEMENT FEE:*

1.23% p.a.

PERFORMANCE FEE:*

15.38% of any return greater than the Benchmark

*Fees are stated inclusive of GST and net of RITC. For more information, refer to the Fund’s product disclosure statement available under the Reports & Resources section.

Shareholders

For more Pengana International Equities Limited ASX announcements visit the ASX website.

For all shareholder enquiries, please contact:

Paula Ferrao
Company Secretary
Pengana International Equities Limited
T: +61 2 8524 9900
E: paula.ferrao@pengana.com

Frank Gooch

Frank Gooch

B.Bus, CPA

Independent, Chairman (appointed 6 December 2017), Non-executive Director (appointed 5 June 2017)

Mr Francis Gooch was appointed as a non-executive Director of the Company by the Board on 5 June 2017 and was elected by shareholders at the Company’s 2017 Annual General Meeting. On 6 December 2017 he was appointed Chairman of Directors. He is also a member of the Company’s Audit, Risk and Compliance Committee and of the Independent Board Committee.

Mr Gooch has over 24 years’ experience in the LIC industry after having been an executive of Milton Corporation Limited since 1996. He became Chief Executive in 1999 and was made the Managing Director in 2004. Mr Gooch retired from Milton on 31 July 2018.

Mr Gooch has also served as chairman of the LIC industry body, Australian Listed Investment Companies Association. Prior to joining Milton Corporation Limited Mr Gooch worked at Macquarie Bank Limited for 11 years.

David Groves

David Groves

BCom., MCom., CA, FAICD

Non-independent, Non-executive Director (appointed 13 January 2017)

Mr Groves is a Non-executive Director of the Company. He is also a member of the Company’s Audit, Risk and Compliance Committee.

Mr Groves has over 25 years’ experience as a company director. He is Chairman of Tasman Sea Salt Pty Ltd and is a non- executive director of Pengana Capital Group Limited, Redcape Hotel Group Management Ltd as responsible entity of the Redcape Hotel Group and of Pipers Brook Vineyard Pty Ltd. He is a former director of Pyrolyx AG (ASX: PLX), EQT Holdings Ltd, Tassal Group Ltd and GrainCorp Ltd and a former executive with Macquarie Bank Limited and its antecedent, Hill Samuel Australia. Mr Groves is a member of the Council of Wollongong University. He is a member of the Institute of Chartered Accountants Australia and New Zealand and a fellow of the Australian Institute of Company Directors.

Sandi Orleow

Sandi Orleow

CFA, GAICD

Independent, Non-executive Director (appointed 1 September 2019)

Ms Orleow is a Non-executive Director of the Company. She is also Chairman of the Company’s Audit, Risk and Compliance Committee and of the Independent Board Committee.

Ms Orleow brings to the PIA Board over two decades of experience in financial services across superannuation, funds management, consulting and research. Having started her career at Arthur Andersen as a Chartered Accountant, she became the Head of Consulting at Brockhouse Cooper in South Africa and then a Senior Investment Consultant and Head of Private Markets at Towers Watson Australia. She established her own consulting business in 2011.

Ms Orleow is also a Trustee Director of Local Government Super, is a member of the Investment Advisory Board of ACT Treasury and is a Director of the CFA Sydney Society.

Ms Orleow is a CFA Charterholder, a graduate of the Australian Institute of Company Directors and a Banking + Finance Oath Signatory.

Russel Pillemer

Russel Pillemer

B.Com, CA

Non-independent, Managing Director (appointed Non-Executive Director 5 June 2017, Managing Director 21 February 2019)

Mr Pillemer is the Managing Director of the Company.

Mr Pillemer is also a Director and Chief Executive Officer of Pengana Capital Group Limited.

Mr Pillemer co-founded Pengana in 2003 and has been its Chief Executive Officer since inception. Prior to founding Pengana, Mr Pillemer worked in the Investment Banking Division of Goldman Sachs in New York where he specialised in providing advice to funds management businesses. Before moving to New York, he was responsible for leading Goldman Sachs’ Australian Financial Institutions Group. Mr Pillemer was previously Chairman of Centric Wealth Group and a Principal of Turnbull Pillemer Capital.

He is a member of the Institute of Chartered Accountants in Australia and has a Bachelor of Commerce (Hons) from the University of New South Wales.

Pengana International Equities Limited

Registry details:

Computershare Investor Services Pty Limited

GPO Box 2975
Melbourne VIC 3001
AUSTRALIA

Tel: 1300 850 505 (within Australia) or +61 3 9415 4000 (if outside Australia)

Website: www.computershare.com

Click Here to review the dividend reinvestment plan terms and conditions.

Period Type Ex-dividend date Payment date Cents per share Franking Franking tax rate
30 December 2020 Interim 7 April 2021 29 April 2021 1.25 100% 30.0%
30 September 2020 Quarterly 6 January 2021 22 January 2021 1.25 100% 30.0%
30 June 2020 Final 8 October 2020 23 October 2020 2.5 100% 30.0%
31 December 2019 Interim 8 April 2020 30 April 2020 2.5 100% 27.5%
30 June 2019 Final 4 November 2019 19 November 2019 3.5 67.1429% 27.5%
31 December 2018 Interim 11 April 2019 7 May 2019 3.5 100% 27.5%
30 June 2018 Final 20 September 2018 28 September 2018 3.5 100% 27.5%
31 December 2017 Interim 12 April 2018 30 April 2018 3.5 100% 30.0%
30 June 2017 Final 21 September 2017 6 October 2017 3.5 100% 30.0%
31 December 2016 Interim 3 April 2017 21 April 2017 3.5 100% 30.0%

 

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PIA AGM

21 October 2021

At Pengana, we believe corporate responsibility drives better outcomes for our investors.

Our Board is responsible for ensuring the Company is properly managed and to enhance shareholders’ interests.

The Board has adopted appropriate corporate governance policies and practices in line with ASX Corporate Governance Principles and Recommendations (3rd edition) and industry best practice.

Our corporate governance policies can be viewed by clicking the links below:

NEWS AND INSIGHTS

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Pengana’s international ethical LIC continues to deliver on mandate for quarterly fully-franked dividends

The Board of the ASX’s largest international ethical LIC, Pengana International Equities Limited (ASX: PIA), has declared it's latest quarterly,...

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Pengana’s international ethical LIC declares its first quarterly fully-franked dividend against market backdrop of falling dividends

The Board of the ASX’s largest international ethical LIC, Pengana International Equities Limited (ASX: PIA), today declared a quarterly, fully-franked...

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Pengana International Equities Limited announces move to quarterly dividends

The Board of global equities listed investment company Pengana International Equities Limited (ASX: PIA) today announced a move to a...

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1 Performance figures refer to the movement in net assets per share, reversing out the impact of option exercises and payments of dividends, before tax paid or accrued on realised and unrealised gains. Past performance is not a reliable indicator of future performance, the value of investments can go up and down.

Inception date of PIA: 19 March 2004, new investment team with new mandate adopted: 1 July 2017.

2 The figures are unaudited.