Pengana International Equities Limited is a closed-ended equity mutual fund launched and managed by Pengana Investment Management Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies that are operating across diversified sectors. The fund invests in value stocks of small to medium-cap companies. It benchmarks the performance of its portfolio against the MSCI World Total Return Index, Net Dividends Reinvested. Pengana International Equities Limited was formed on December 22, 2003 and is domiciled in Australia.