UNIT PRICES

FUND NAME DATE APPLICATION REDEMPTION HISTORY

Alpha Israel Fund Class A

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31/05/2021 1.3488 1.3420 View

Alpha Israel Fund Class B

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31/05/2021 1.4052 1.3982 View

Australian Equities Fund

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10/06/2021 2.0466 2.0384 View

Axiom International Ethical Fund (Hedged)

Formerly International Fund – Ethical Opportunity

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10/06/2021 2.8993 2.8819 View

Axiom International Ethical Fund

Formerly International Ethical Fund

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10/06/2021 2.8142 2.7974 View

Emerging Companies Fund

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10/06/2021 2.8167 2.7999 View

Global Small Companies Fund

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10/06/2021 1.7695 1.7589 View

Harding Loevner International Fund – Class B

Formerly International Fund – Class B

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10/06/2021 1.2380 1.2306 View

Harding Loevner International Fund – Class E

Formerly International Fund – Class E

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10/06/2021 0.9385 0.9329 View

High Conviction Equities Fund Class A

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10/06/2021 3.0161 3.0011 View

High Conviction Equities Fund Class B

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10/06/2021 1.3274 1.3208 View

High Conviction Property Securities Fund

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10/06/2021 1.2632 1.2569 View

WHEB Sustainable Impact Fund

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10/06/2021 1.5272 1.5181 View

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Special Distribution

Fund Name APIR Code Special Distribution CPU (cent per unit) 12-H notices for components breakdown
Pengana Harding Loevener International Fund- Class B PCL0026AU 27.10 CLICK HERE
Pengana Harding Loevener International Fund- Class D PCL9690AU 27.54 CLICK HERE
Pengana Harding Loevener International Fund- Class E PCL1284AU 21.33 CLICK HERE
Pengana Axiom International Ethical Fund HOW0002AU 52.67 CLICK HERE
 

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Ex Date 19 May 2021
Payment Date 04 June 2021
Please refer to 12-H notices for components breakdown.

2021 Year End

Estimated distribution information

This table provides distribution estimates on selected Pengana Capital Limited funds, including the estimated split between income1 and capital gains as at 8 April 2021.  The table includes only funds estimated to have distributable income as at 8 April 2021.

The distribution figures for each fund are estimates only based on the funds’ position as at 8 April 2021 and do not include any projected net income or loss for the period 9 April 2021 to 30 June 2021 unless otherwise stated. The actual distribution paid for each fund as at 30 June 2021 (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 8 April 2021 and income derived between 9 April 2021 and 30 June 2021, 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 CPU distributed YTD2 Estimated Final Distribution CPU as at 8 April 2021 Estimated Full Year Distribution CPU as at 8 April 2021 Estimated Full Year Income (as % of Distribution CPU) Estimated Full Year Capital (as % of Distribution CPU) Estimated Full Year Distribution as a % of Fund Size Actual Full Year Distribution as at 30 June 2020 (CPU)
Pengana Australian Equities Fund PCL0005AU 4.00 4.39 8.39 19.49% 80.51% 4.34% 13.72
Pengana Emerging Companies Fund PER0270AU 5.00 15.69 20.69 6.93% 93.07% 5.89% 7.88
Pengana Global Small Companies Fund PCL0022AU 5.33 5.33 0.00% 100.00% 3.07% 1.92
Pengana Harding Loevner International Fund PCL0026AU 34.37 34.37 20.88% 79.12% 23.97% 16.72
Pengana High Convictions Equities Fund Class A HHA0020AU 34.73 34.73 0.00% 100.00% 11.66% 7.49
Pengana High Convictions Equities Fund Class B PCL9196AU 18.51 18.51 0.00% 100.00% 14.14% N/A
Pengana Axiom International Ethical Fund HOW0002AU 2.00 67.66 69.66 12.68% 87.32% 21.34% 16.03
Pengana High Conviction Property Securities Fund PCL8246AU 1.35 1.35 65.48% 34.52% 1.19%
Pengana WHEB Sustainable Impact Fund HHA0007AU 1.57 1.57 0.00% 100.00% 1.04%
Pengana Axiom International Ethical Fund (Hedged)3 HHA0002AU 10.23 10.23 0.00% 100.00% 3.73%
 

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FY2021 Timetable

Fund Name APIR Code Financial Year end CUM Price Financial Year end Ex- Price Available Distribution Amounts and Tax Components Available Payment of Distribution 5 Annual / Distribution Statements Issued AMMA/Tax Statements Issued Catch-Up Pricing Period 4
Pengana Australian Equities Fund PCL0005AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana Emerging Companies Fund PER0270AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana Global Small Companies Fund PCL0022AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana High Convictions Equities Fund HHA0020AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana High Conviction Property Securities Fund PCL8246AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana Axiom International Ethical Fund HHA0007AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana Axiom International Ethical Fund (Hedged)3 HHA0002AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
Pengana WHEB Sustainable Impact Fund HHA0007AU 01/07/2021 14/07/2021 14/07/2021 19/07/2021 19/07/2021 02/08/2021 14/07/2021– 19/07/2021
 

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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 takes time due to distribution calculations and review requirements. 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 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 of 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 ae 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 here.  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;
  • a Tax (AMMA) statement for the financial year; and
  • a Periodic statement for the financial year.

Tax Statements (now 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 an AMMA statement.

Tax Statements (now 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 an AMMA statement.

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

These funds have now been fully transitioned to their new portfolios.  Given the significant increases in markets over the past twelve months, the realignment of the portfolio resulted in the realisation of significant capital gains.

Pengana needs to ensure that these capital gains are fairly allocated to existing investors in the fund and therefore is paying a special distribution with the effective date of 19 May 2021. The distribution will bring forward much of the income that would ordinarily have been payable as at 30 June 2021.

1 Includes estimated tax deferred income and CGT concession

2 Year to date period from 1 July 2020 to 8 April 2021

3 To give effect to the appointment of Axiom Investors as the new investment team w.e.f. 5 May 2021 and subsequent transition of the portfolio, distributable income until 13 May 2021 has been included in the above estimate for the fund.

4 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 2021 onwards will be available commencing 14 July 2021 and will be up to date by the end of the catch-up pricing period set out above.

5 Subject to the fund having distributable income