Ai Private Opportunities Trust · ASX:AIX
Ai Private Opportunities Trust — Pengana International Equities — FY2021 Earnings Presentation
19 slides from Ai Private Opportunities Trust's earnings presentation, 2021
Slide 1: Pengana International Equities Limited Investor Presentation
ASX: PIA PENGANA INTERNATIONAL EQUITIES LIMITED AUSTRALIA’S LARGEST INTERNATIONAL ETHICAL LIC Targeting fully-franked dividends, paid quarterly 1 2021 Investor presentation: year ended 30 June
Slide 2: Important Information & Disclosures
IMPORTANT INFORMATION & DISCLOSURES This report has been prepared by Pengana Investment Management Ltd (ABN 69 063 081 612, Australian Financial Services Licence No. 219462) (“Pengana”). This report does not contain any investment recommendation or investment advice and has been prepared without tak
Slide 3: Agenda
AGENDA - Highlights for the year ending 30 June 2021 - Year in review - About Harding Loevner - Portfolio update 3
Slide 4: Highlights Year Ending 30 June 2021
HIGHLIGHTS YEAR ENDING 30 JUNE 2021 ASX: PIA
Slide 5: Highlights for the Year Ending 30 June 2021
HIGHLIGHTS FOR THE YEAR ENDING 30 JUNE 2021 EPS Profit after Tax Portfolio Return1 Final Quarterly Dividend 23.57c $60 million 27.6% 148% 149% 0.1% above index 1.35c per share Ex date: 7 September 2021 Annual Dividend 29.2% 31.7% Target Record date: 8 September 2021 Total Shareholder TSR grossed up
Slide 6: Key Benefits for Shareholders
KEY BENEFITS FOR SHAREHOLDERS • 5.4 cent per share annual fully franked annual • Access to Harding Loevner investment team in dividend objective Australia • 8% increase in dividend objective • Over US$84 billion under management • Dividend yield of 3.7%1 • 32-year track record • 5.3% yield when gros
Slide 7: Year in Review
YEAR IN REVIEW 30 June 2021 • Pengana International Equities met its objective to provide shareholders with capital growth from investing in an ethically screened and actively managed portfolio of global businesses, in addition to providing shareholders with regular, reliable and fully franked divid
Slide 8: About Harding Loevner
ABOUT HARDING LOEVNER ASX: PIA
Slide 9: Harding Loevner
HARDING LOEVNER Being good investors may not be in our human nature, that’s why its in our process • Harding Loevner has been investing globally in high-quality, growing businesses based on disciplined research since 1989 • Total assets in excess of US$84 billion • 32-year track record • Owner led f
Slide 10: Investment Team
INVESTMENT TEAM Diverse perspectives, deep industry knowledge, and broad global coverage. Glo b a l se cto r a n d re g io n a l a n a lysts 33 Analysts 21 9 Avg. years Avg. years experience at HL 24 26 Advanced CFA® degrees charter holders Glo b a l Eq u ity Po rtfo lio Te a m 2 3 Left to right: Pe
Slide 11: Harding Loevner's Edge: A Better Framework for Investment Decisions
HARDING LOEVNER’S EDGE: A BETTER FRAMEWORK FOR INVESTMENT DECISIONS Co lla b o ra tio n With o u t Co n se n su s We collaborate to foster opposing viewpoints, not to achieve consensus. Individuals, not committees, make decisions and are solely accountable for the results. O u r Lo n g Ho rizo n
Slide 12: Investment Process
INVESTMENT PROCESS Analysts search the world for companies that meet our high quality and sustainable growth criteria, conduct fundamental research, then value and rate their stocks to make them available to PMs for investment. ESG issues are considered in each step of our process. Co lla b o ra tiv
Slide 13: Responsible Investing
RESPONSIBLE INVESTING Environmental, Social, and Governance (ESG) issues can contribute profoundly to the success or failure of our investments. Eth ica l Scre e n s Pre trade application of Pengana’s Ethical Screens Adult content, alcohol, animal cruelty, fossil fuels, gambling, GMOs, human rig
Slide 14: In-Depth Research: Sustainable Investing
IN-DEPTH RESEARCH: SUSTAINABLE INVESTING The assessment of ESG risks and opportunities is intrinsic to our fundamental analysis and integrated into each stage of our investment process. Qualification In-Depth Research Valuation & Rating Portfolio Construction Consider ESG impact on Complete ESG Inco
Slide 15: Portfolio Returns Through Responsible Investing
PORTFOLIO RETURNS THROUGH RESPONSIBLE INVESTING 30 JUNE 2021 1 month 6 months 1 year 3 year Since Mandated 30% 27.6% 27.5% 25% 20% 16.2% 16.3% 14.4% 14.3% 14.6% 15% 13.0% 10% 7.1% 4.6% 5% 0% HARDING LOEVNER PIA MSCI World Source: Bloomberg and Pengana Capital. Performance figures refer to the moveme
Slide 16: Portfolio Update
PORTFOLIO UPDATE ASX: PIA
Slide 17: Portfolio Positioning as at 30 June 2021
PORTFOLIO POSITIONING AS AT 30 JUNE 2021 GEOGRAPHIC EXPOSURE SECTOR EXPOSURE 80% Small and Cash Mid Cap 70% 2% 60% 4% 50% 38% Mega Cap 40% 30% 20% 56% 10% Large Cap 0% Emerging Western Europe Asia Pacific North America Africa/Middle South and Cash Markets East Central America Portfolio weight Benchm
Slide 18: Top Holdings as at June 2021
TOP HOLDINGS AS AT 30 JUNE 2021 Alphabet Inc United States Communication Services Amazon United States Consumer Discretionary Deere & Co United States Industrials Facebook Inc United States Communication Services First Republic Bank/CA United States Financials Illumina United States Health Care Micr
Slide 19: For More Information
FOR MORE INFORMATION PENGANA INTERNATIONAL EQUITIES LIMITED CLIENT SERVICE ACN 107 462 966 T: +61 2 8524 9900 E: clientservice@pengana.com Managed by Pengana Investment Management Limited AFSL 219462 Levels 1, 2 & 3, 60 Martin Place, Sydney, NSW 2000 T: +61 2 8524 9900 F: +61 2 8524 9901 PENGANA.COM
Pengana International Equities — FY2021 Earnings Presentation on 6ix