Pengana International Equities Limited 

Pengana International Equities Limited functions as a closed-end investment vehicle dedicated to equities, initially established by Pengana Investment Management Limited. Harding Loevner LP is responsible for managing this fund, which strategically invests capital in public stock markets worldwide. Its objective is to acquire shares in companies operating across a diverse range of sectors. The fund's core investment approach involves identifying growth-oriented businesses of all market capitalizations when their valuations appear attractive. Portfolio development is guided by thorough fundamental analysis, prioritizing attributes such as strong competitive advantages, effective management, sound financial standing, and potential for ongoing growth. The fund's investments are subject to ethical screening and are actively managed. Its portfolio performance is benchmarked against the MSCI World Total Return Index. Pengana International Equities Limited was founded on December 22, 2003, and is legally based in Australia.