Our Funds

Global Equities strategy

Magellan’s Global Equities strategy offers investors the opportunity to invest in a specialised and focused global equity portfolio. The Global Equities strategy’s investment objective is to achieve attractive risk-adjusted returns over the medium to long term while reducing the risk of permanent capital loss. To achieve this, Magellan undertakes rigorous company research to identify what it assesses to be high-quality companies with enduring competitive advantages. This, combined with an assessment of the macroeconomic environment and a disciplined risk-controlled approach to portfolio construction, results in a focused portfolio of high-quality global equity stocks.

The Global Equities strategy is available in listed and unlisted form and where foreign currency exposures are hedged, unhedged or at the discretion of the manager.
 

  Magellan Global Fund (Open Class) (Managed Fund) (ASX:MGOC) Magellan Global Fund Closed Class (ASX:MGF) Magellan Global Fund (Hedged) Magellan Global Equities Fund (Currency Hedged) (Managed fund) (ASX:Mhg) Magellan High Conviction Fund Magellan High
Conviction
Trust (ASX:MHH)
Magellan Sustainable
Fund
(Ticker:MSUF)
Open or closed units Open Closed Open Open Open Closed Open
Number of companies 20-40 20-40 20-40 20-40 8-12 8-12 20-50
Maximum cash level 20% 20% 20% 20% 50% 50% 20%
Currency hedging Unhedged Unhedged Hedged Hedged Unhedged^ Unhedged^ Unhedged
Distribution policy Target cash yield of 4% per annum paid semi-annually Target cash yield of 4% per annum paid semi-annually Target cash yield of 4% per annum paid semi-annually Target cash yield of 4% per annum paid semi-annually Target cash yield of 3% per annum paid semi-annually Target cash yield of 3% per annum paid semi-annually Target cash yield of 4% per annum paid semi-annually
Management fee 1.35% 1.35% 1.35% 1.35% 1.50% 1.50% 1.35%
Performance fee Yes* Yes* Yes* Yes* Yes** Yes*** Yes*
Reports view view view view view view view

* 10.0% of excess return over the higher of the Index Relative Hurdle (MSCI World Net Total Return Index (AUD)) and the Absolute Return Hurdle (the yield of a 10-year Australian Government Bonds). Additionally, the Performance Fees are subject to a high water mark.

**Magellan High Conviction Fund Class A: 10% of the excess return of the units of the Fund above the Absolute Return performance hurdle (10% per annum). Magellan High Conviction Fund Class B: 20% of the excess return of Class B Units above the Absolute Return performance hurdle (10% per annum). The performance fee for Class B Units is subject to a cap of 2.22% per annum. Performance fees are subject to a high-water mark.

***Magellan High Conviction Trust: 10% of the excess return of the Trust above the Absolute Return performance hurdle (10% per annum). Additionally, the Performance Fees are subject to a high water mark.

^ While retaining the flexibility to reduce the impact of foreign currency exposures associated with identified event risks, the Fund / Trust will otherwise adopt an unhedged approach to foreign currency exposures arising from portfolio investments in foreign markets.

 

Global Infrastructure strategy

Magellan’s Global Infrastructure strategy offers investors the opportunity to invest in a specialised and focused global listed infrastructure portfolio the aim of which is to achieve attractive risk-adjusted returns over the medium to long term while reducing the risk of permanent capital loss.

Magellan believes that infrastructure assets, with requisite earnings reliability and a linkage of earnings to inflation, offer an attractive, long-term investment proposition. Magellan has established a proprietary classification criteria to define infrastructure which seeks to identify outstanding companies that exhibit reliable demand and stable cash flow generation.  Importantly, these criteria exclude companies where Magellan has assessed their earnings to have material direct exposure to commodity prices, competitive pressure or sovereign risk. We believe applying a disciplined, clearly defined set of parameters to capture the desired characteristics of infrastructure provides a solid framework for generating attractive, stable returns over the long term.

The Global Infrastructure strategy is available in listed and unlisted form and where foreign currency exposures are hedged or unhedged.

  Magellan
Infrastructure Fund
Magellan
Infrastructure Fund (Unhedged)
Magellan Infrastructure
Fund (Currency Hedged) (Managed Fund) (ASX:MICH)
Listed or unlisted Unlisted Unlisted Listed
Number of companies 20-40 20-40 20-40
Maximum cash level 20% 20% 20%
Currency hedging Hedged Unhedged Hedged
Distribution policy Paid semi-annually Paid semi-annually Paid semi-annually
Management  fee* 1.06% 1.06% 1.05%
Performance fee** Yes Yes Yes
Reports view view view

* Management fees are inclusive of the estimated net effect of GST.

** 10.0% of the excess return of the Units of the Fund above the higher of the Index Relative Hurdle (S&P Global Infrastructure Index A$ Hedged Net Total Return) and the Absolute Return Hurdle (the yield of 10-year Australian Government Bonds). Additionally, the Performance Fees are subject to a high water mark.

 

  • Our other funds

  • MFG Core Series

    Our range of lower-cost global equity funds, designed to offer investors a unique and compelling combination of active portfolio construction and ongoing systematic portfolio management.

    Find out More
  • Magellan FuturePayTM

    Investing for income and growth, particularly in retirement. Magellan FuturePay is an innovative new fund that aims to deliver a predictable monthly income that grows with inflation, capital growth with a focus on downside protection, a reserving strategy and on-going income support, and daily access to capital.

    Invest in FuturePay

Fund performance

30 Jun 2021
Fund 3 Months 6 Months 1
Year
3 Years
(% pa)
5 Years
(% pa)
7 Years
(% pa)
10 Years
(% pa)
Since Inception
(% pa)
Inception date Chart
Magellan Global Fund (Open Class) (Managed Fund) (ASX:MGOC) 8.02% 11.60% 10.77% 13.21% 14.37% 14.19% 16.66% 11.92% 1/7/2007
Magellan Global Fund Closed Class (ASX: MGF) 8.20% 11.51% 7.50% 30/11/2020
Magellan Global Fund (Hedged) 6.37% 9.33% 19.53% 12.44% 14.01% 11.54% 11.99% 1/7/2013
Magellan Global Equities Fund (Currency Hedged) (Managed Fund) (ASX:MHG) 6.38% 9.38% 19.64% 12.68% 14.21% 11.02% 4/8/2015
Magellan High Conviction Trust (ASX: MHH) 10.01% 14.88% 18.11% 12.41% 11/10/2019
Magellan Infrastructure Fund 2.77% 5.66% 7.87% 4.60% 5.86% 8.40% 10.52% 7.60% 1/7/2007
Magellan Infrastructure Fund (Unhedged) 4.34% 7.52% 2.95% 4.89% 5.79% 9.34% 10.86% 1/7/2013
Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) 2.80% 5.67% 7.97% 4.85% 6.10% 19/7/2016
Magellan High Conviction Fund 9.81% 14.46% 17.38% 12.09% 15.15% 14.86% 15.03% 1/7/2013
Magellan Sustainable Fund (Ticker:MSUF) 8.51% 11.92% 10.61% 11/12/2020

Important Information: Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). For the ASX Quoted Funds calculations are based on NAVs, published in the ASX announcements for the relevant ASX Quoted Funds, with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable).

MGE and MGG have been archived. See archived funds for more information

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