UNIT PRICES

FUND NAME DATE APPLICATION REDEMPTION HISTORY

Alpha Israel Fund Class A

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31/07/2022 1.0419 1.0367 View

Alpha Israel Fund Class B

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31/07/2022 1.0571 1.0519 View

Australian Equities Fund

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11/08/2022 1.7995 1.7924 View

Axiom International Ethical Fund (Hedged)

Formerly International Fund – Ethical Opportunity

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11/08/2022 2.4254 2.4109 View

Axiom International Ethical Fund

Formerly International Ethical Fund

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11/08/2022 2.5513 2.5360 View

Emerging Companies Fund

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11/08/2022 2.2284 2.2151 View

Global Small Companies Fund

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11/08/2022 1.3727 1.3645 View

Harding Loevner International Fund – Class B

Formerly International Fund – Class B

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11/08/2022 1.0672 1.0608 View

Harding Loevner International Fund – Class D

Closed to new investors

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11/08/2022 1.0488 1.0425 View

Harding Loevner International Fund – Class E

Formerly International Fund – Class E

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11/08/2022 0.8047 0.7998 View

High Conviction Equities Fund Class A

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11/08/2022 2.3772 2.3653 View

High Conviction Equities Fund Class B

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11/08/2022 1.0060 1.0010 View

High Conviction Property Securities Fund

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11/08/2022 1.0751 1.0698 View

WHEB Sustainable Impact Fund

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11/08/2022 1.4160 1.4075 View

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2022 Year End

Distribution information

This table provides distribution estimates on selected Pengana Capital Limited funds, including the estimated split between income1 and capital gains as at 1 April 2022.  The table includes only funds estimated to have distributable income as at 1 April 2022.

The distribution figures for each fund are estimates only based on the funds’ position as at 1 April 2022 and do not include any projected net income or loss for the period 1 April 2022 to 30 June 2022. The actual distribution paid for each fund as at 30 June 2022 (including the actual distribution split between income and capital) may vary significantly from the distribution estimates shown.  For example, changes to the tax law after 1 April 2022 and income derived between 2 April 2022 and 30 June 2022, including the realisation of gains and losses, may impact the final distribution return for each fund.

Pengana Capital Limited accepts no responsibility for any losses that may be incurred as a result of final figures differing from these estimates.

Fund Name APIR Code Actual / Estimate* Actual YTD distributed CPU Final Distribution CPU* Full Year Distribution CPU
Pengana Australian Equities Fund PCL0005AU Estimate 4.50 4.49 8.99
Pengana Axiom International Ethical Fund HOW0002AU Actual 3.00 0.00 3.00
Pengana Axiom International Ethical Fund (Hedged) HHA0002AU Actual 0.00 0.00 0.00
Pengana Emerging Companies Fund PER0270AU Estimate 9.39 22.06 31.45
Pengana Global Small Companies Fund PCL0022AU Estimate 0.00 5.96 5.96
Pengana Harding Loevner International Fund- Class B PCL0026AU Estimate 0.00 3.03 3.03
Pengana Harding Loevner International Fund- Class E PCL1284AU Estimate 0.00 3.36 3.36
Pengana High Convictions Equities Fund Class A HHA0020AU Estimate 0.00 5.85 5.85
Pengana High Convictions Equities Fund Class B PCL9196AU Estimate 0.00 3.59 3.59
Pengana High Conviction Property Securities Fund PCL8246AU Estimate 3.60 0.00 3.60
Pengana WHEB Sustainable Impact Fund HHA0007AU Estimate 0.00 0.05 0.05
 

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FY2022 Year End Timetable

Fund Name APIR Code Financial Year end CUM Price Financial Year end Ex- Price Available2 Distribution Amounts and Tax Components Available Payment of Distribution2 Annual / Distribution Statements Issued AMMA/Tax Statements Issued Catch-Up Pricing Period1
Pengana Alpha Israel Fund 11/07/2022 19/07/2022 29/07/2022 29/07/2022 01/08/2022 15/08/2022 N/A
Pengana Australian Equities Fund PCL0005AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Axiom International Ethical Fund HHA0007AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Axiom International Ethical Fund (Hedged) HHA0002AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Emerging Companies Fund PER0270AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Global Small Companies Fund PCL0022AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Harding Loevner International Fund PCL0026AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana High Convictions Equities Fund HHA0020AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana High Conviction Property Securities Fund PCL8246AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana WHEB Sustainable Impact Fund HHA0007AU 01/07/2022 14/07/2022 14/07/2022 20/07/2022 20/07/2022 05/08/2022 14/07/2022– 20/07/2022
Pengana Private Equity Trust ~14/07/2022 ~28/06/2022 ~15/07/2022 ~20/07/2022 ~15/09/2022 N/A
 

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1 Unit prices for Pengana’s funds will be delayed during the distribution period.  All applications and redemptions will receive the unit price effective for the date they are received by Pengana, but transactions will not be processed until the price is available.  Unit prices for 1 July 2022 onwards will be available commencing 14 July 2022 and will be up to date by the end of the catch-up pricing period set out above.

2 Subject to the fund having distributable income (distribution).

Year End FAQs

A unit price reflects the value of a fund’s investments, including any income accrued but not yet distributed. When distributions are paid, the unit price will usually decrease by an amount equal to the distribution. As a result, if your fund pays a distribution on 30 June, the unit price will generally decrease after the close of business by the same amount.

Please note that if you fully withdraw units from your fund before 30 June, you will not receive a distribution for those units. If you partially withdraw units from your fund, you will only receive a distribution for the units you still hold at 30 June.

Finalising year-end unit prices is a detailed process and it takes time to calculate and review fund distributions. We expect unit prices for Pengana’s funds to be caught up by mid-July.

During July there may be delays in issuing unit prices as we finalise year-end distributions. While unit prices are unavailable, we are not able to process transactions, including withdrawals.

This delay will not affect the value of your investment, or the value of any transactions made during the year-end period. When unit prices are issued, transactions will be processed at the appropriate value for the day they were received and accepted.

We will endeavour to obtain the prices and process transaction requests as quickly as possible.

Funds generally pay all their distributable income for the year to investors. Distributable income is made up primarily of interest, dividends and net realised capital gains of the fund, less fund expenses. Funds are required to attribute this income to investors for tax purposes whether they pay an actual distribution or not. Most funds pay the same amount that they attribute.

Unrealised capital gains for the year are not included in distributable income, so distributions are not necessarily a good representation of performance. If a fund has significant unrealised capital gains for the year, performance may be far better than the distribution.

Please refer to our Distribution calendar for this information. We will keep this updated with current information throughout the year end process.

The reinvestment of your 30 June distribution will be processed with an effective date of 30 June using the fund’s post-distribution price. This reinvestment amount will appear as a separate transaction on your statement and will be incorporated into the opening balance for the following financial year.

Tax may have been withheld from your distribution because you’re an overseas resident for tax purposes or because you have not supplied us with your Australian Tax File Number (TFN Withholding Tax). If you have had TFN Withholding Tax applied to your distribution you should provide us with your Tax File Number. You can often claim Withholding tax back when you lodge your tax return.

You will receive four statements during the year end period:

  • a transaction statement for the month or quarter to 30 June;
  • a distribution statement informing you of the amount of the distribution at 30 June (if the fund you invested in distributes at 30 June);
  • a tax (AMMA) statement for the financial year (if the fund you invested in distributed in FY2022); and
  • a periodic statement for the financial year.

Tax Statements (now often referred to as AMMA statements) are issued to all investors who have received a distribution during the financial year.  If you have received a distribution during the year, you will receive a tax or AMMA statement.

Tax Statements (now often referred to as AMMA statements) are issued to all investors who have received a distribution during the financial year. If you haven’t received a distribution during the year, you will not receive a tax or AMMA statement.

Like most investment managers, Pengana do not provide investors with Capital Gains Statements.

Pengana Capital Group