Pengana High Conviction Equities Fund

Product Name	Pengana High Conviction Equities Fund
Issuer	Pengana Capital
Category	Investment
Type	Fund or Trust
Target	Retail, Wholesale
Certified Since	2016

Asset Classes	Diversified / Multi-asset
Markets	New Zealand, Australia
Investment Approaches	Negative Screening, ESG Integration
It Includes:	No specific themes
It has some level of screening for:	Fossil fuels
It fully excludes:	Animal cruelty Armaments Gambling Human rights abuses Labour rights violations Logging Nuclear power Tobacco
Broker	Responsible Returns
URL	https://www.responsiblereturns.com.au/investment-options/pengana-high-conviction-equities-fund/profile

Overview

The objective of the High Conviction Equities Fund (HCF) is to achieve capital growth over the long term by investing in an ethically screened portfolio of Australian and international equities. The HCF is managed by Pengana Capital Group using a 'value' investment style based on fundamental analysis of individual companies. It primarily invests in, but is not limited to, companies listed on the Australian and international stock exchanges, although it can hold up to 100% cash. It's portfolio is highly concentrated with typically no more than 20 stocks. A majority of the portfolio may be made up of small, illiquid companies that may result in the loss of some or all of the capital invested. A single stock could make up the majority of the portfolio.

Description

Pengana is committed to the concept of responsible investing and seeks to avoid investing in businesses that are, in its opinion, involved in activities that may be harmful to people, animals or the environment.

The High Conviction Equities Fund (HCF) utilises a negative screening process which seeks to avoid investment in companies that derive operating revenues from direct and material business involvement in: the manufacture or sale of weapons and weapons components, tobacco manufacture, gambling outlets or systems, intensive animal farming, animal testing for cosmetics, activities that give rise to human rights violations, unremediated destruction of the environment, uranium mining and nuclear reactors and fossil fuel exploration, production, refining, storage and transportation.

Performance results

Product holdings

Product documentation

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The products featured on this site have all achieved certification under the Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program.

Transparency & Verification

What sets these investment products aside from regular ones on the market is they all have some type of responsible or ethical strategy applied to them.

At a minimum, their issuers explain these strategies in public documents and open their offices and books to third party verifiers who check these strategies are implemented according to what you read about them publicly.

You can also click through to see the underlying managers and / or stock holdings in each certified product as well as access a certified product’s recent performance results.

Stewardship & Impact

In July 2019, we lifted our requirements of certified products which we are phasing in over 18 months.

We now require that issuers have organisation-wide commitments to responsible investing and they exercise their responsibilities as stewards of your money - through engaging with companies to improve sustainability performance and voting on shareholder resolutions where possible. All certified products now need to at least avoid significant harm and their issuers will annually report against any sustainability-based claims made by their products. This uplift in program standards is part of our passion for, and on-going commitment to, responsible and ethical investing.

Even though we're lifting the bar, we know your convictions to doing good with your money may be higher and so we have served up our member's certified products with a large dose of transparency and independent verification, so that you can draw your own conclusions from reliable information and choose investments that best suit your individual needs.

*Information Disclosures

While all reasonable efforts are undertaken to ensure information and links on site are current there may be instances where information and documents are updated during the course certification (eg. PDS, Fact Sheet). Certified product issuers are required to update this information as soon as possible on the Responsible Returns site, but there may be some extenuating circumstances impacting timeframes.

The certification program may also assess information provided for certification based on proposed future changes to a responsible investment process that is in-line with Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program criteria. In such instances, members are similarly required to update this information on Responsible Returns within an agreed future timeframe. Old document versions may be reflected on site until this process is finalised.

Pengana High Conviction Equities Fund

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