Magellan Global Fund Options (MGFO)
Important Information

Magellan Global Fund - Open Class Units

A core holding investing in 20 to 40 of the world’s best global stocks

Investment Objectives

To achieve attractive risk-adjusted returns over the medium to long-term; while reducing the risk of permanent capital loss. 

The fund aims to deliver 9% p.a net of fees over the economic cycle.

Invest In The World's Best

ASML
Chipotle
Amazon
Mastercard
Microsoft
VISA
Intercontinental Exchange
Intuit
UnitedHealth Group
SAP

Fund Facts

Fund Class
Investors can access the Magellan Global Fund through two distinct unit classes - Open Class Units or Closed Class Units. The information below is for the Magellan Global Fund - Open Class Units. Switch to Magellan Global Fund - Closed Class Units.
Portfolio Managers
Arvid Streimann, CFA
Arvid Streimann, CFA
Nikki Thomas, CFA
Nikki Thomas, CFA
Structure
Global Equity Fund, $AUD unhedged
Inception Date
1-July-2007
Unit Class size
$6,306.4 million
31-Jan-2024
ASX Ticker
MGOC
Market Data Tickers
Units
Bloomberg
MGOC AU EQUITY
Thomson Reuters
MGOC.AX
IRESS
MGOC.AXW
ICE iNav*
AUD $
Indicative NAV
Bloomberg
MGOCIV INDEX
Thomson Reuters
MGOCAUiv.P
IRESS
MGOC-AUINAV.NGIF
Solactive iNav
AUD $
Indicative NAV
Bloomberg
MGOCAUIV
Thomson Reuters
MGOCAUDINAV=SOLA
IRESS
MGOCAUDINAV.ETF

The iNAV reflects the estimated NAV per Open Class Unit updated in updated for portfolio stocks that have live market prices during the Trading Day, or where they do not have live market prices, may be updated for equivalent securities or movements in after-market trading and for foreign exchange movements. The iNAV will not be updated for market-based movements such as movements in stock market indices.

Magellan has engaged ICE Data Indices, LLC and Solactive AG as iNAV calculation agents to independently calculate and disseminate an iNAV. Both iNAVs are freely available to investors. From time to time there may be differences between the two iNAVs as a result of different calculation methodologies or timing of the data..

Management Fee
1.35%
Distribution Frequency
Semi-annually
ARSN
126 366 961
APIR Code
MGE0001AU
Buy / Sell Spread
0.07%/0.07%
(Only applicable to investors who apply for units directly with the Fund)
Benchmark
MSCI World Net Total Return Index (AUD)
Performance Fee

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.

Investment Risks

All investments carry risk. While it is not possible to identify every risk relevant to an investment in a fund, we have provided details of risks in the fund's Product Disclosure Statement.

Transaction costs may also apply - refer to the Product Disclosure Statement. All management costs described above are inclusive of the estimated net effect of GST.

* iNAV calculations as shown on www.magellangroup.com.au (the "data") provided by ICE Data Indices, see ICE Terms of Use, and is updated during ASX trading hours. Powered by Factset. iNAV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates ("ICE Data") and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN.  IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose. 

Research Ratings

Zenith
Approved
Morningstar
Neutral
Lonsec
Recommended
Ratings are only one factor to be taken into account when deciding whether to invest in a financial product. See Research house ratings disclaimers

Magellan perceives outstanding companies to be those that are able to sustainably exploit competitive advantages in order to continually earn returns on capital that are materially in excess of their cost of capital.

While Magellan is extremely focused on fundamental business value, it is not a typical 'value' investor. The Magellan Global Fund will invest in companies that have relatively high price-to-earnings and price-to-book multiples, provided that their businesses are outstanding and their shares are trading at an appropriate discount to their assessed intrinsic value. Equities that appear undervalued on the basis of a low price-to-earnings or price-to-book multiples will often prove to be poor investments if the underlying business is fundamentally weak and exhibits poor returns on capital.

Magellan focuses on risk-adjusted returns, rather than benchmark-relative returns. As a result, the Magellan Global Fund's investment process is designed to generate an unconstrained, concentrated portfolio of high-quality companies.

Magellan believes that an appropriately structured portfolio of 20 to 40 investments can provide sufficient diversification to ensure that investors are not overly correlated to any single company, industry-specific or macroeconomic risk.

Intensive bottom-up stock analysis and industry research
Intensive bottom-up stock analysis and industry research
Broad and detailed macroeconomic insight
Broad and detailed macroeconomic insight
Rigorous portfolio construction and risk discipline
Rigorous portfolio construction and risk discipline

Intensive bottom-up stock analysis and industry research is undertaken in order to identify outstanding companies. This involves the assessment of potential investments against key quality criteria, as well as assessments of their intrinsic value. Magellan uses a proprietary ranking tool, the Magellan Conviction Scoring Matrix, to rank these companies based on these factors. This process enables the portfolio to be weighted towards higher conviction ideas (on a risk-adjusted basis).

Magellan's detailed macroeconomic analysis is overlayed during portfolio construction, alongside the application of both fixed and dynamic risk limits. This process ensures that the portfolio is not overly exposed to aggregation risk (risk which arises from correlated portfolio positions) or macroeconomic event risk. Macroeconomic event risk can be a significant source of negative returns for investors. Magellan will make significant changes to the portfolio if it believes that macroeconomic events could lead to significant and sustained loss in value for investors. Such events would include a financial crisis, a sustained oil price shock, a global pandemic or a major global conflict.

Growth of AUD $10,000

From inception to 31 January 2024

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). Fund Inception 1 July 2007. Past performance is not a reliable indicator of future performance.

31 January 2024
Performance 3 Months 6 Months 1 Year 3 Years
(% PA)
5 Years
(% PA)
7 Years
(% PA)
10 Years
(% PA)
Since Inception**
(% PA)
Magellan Global Fund (Open Class) (Managed Fund) (ASX:MGOC) 11.81% 10.02% 26.16% 9.56% 10.25% 11.57% 11.34% 11.01%
Benchmark* 11.22% 7.35% 24.71% 13.56% 13.60% 12.75% 12.22% 7.91%
Out/Under Performance 0.59% 2.67% 1.45% -4.00% -3.35% -1.18% -0.88% 3.10%

* MSCI World Net Total Return Index (AUD)
** Inception date 01 July 2007

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). Past performance is not a reliable indicator of future performance.

Top 10

31 December 2023
7.2% Microsoft Corporation
7.1% Amazon.com Inc
4.4% Intercontinental Exchange Inc
4.3% Chipotle Mexican Grill Inc
4.3% MasterCard Inc
4.2% Intuit Inc
4.2% SAP SE
4.1% ASML Holding NV
4.1% UnitedHealth Group Inc
4.0% Visa Inc
Date Net Asset Value Entry Exit
22-Feb-2024 3.0105 3.0126 3.0084
21-Feb-2024 2.9568 2.9589 2.9547
20-Feb-2024 2.9408 2.9429 2.9387
19-Feb-2024 2.9692 2.9713 2.9671
16-Feb-2024 2.9753 2.9774 2.9732
15-Feb-2024 2.9878 2.9899 2.9857
14-Feb-2024 2.9853 2.9874 2.9832
13-Feb-2024 2.9652 2.9673 2.9631
12-Feb-2024 2.9728 2.9749 2.9707
09-Feb-2024 2.9828 2.9849 2.9807
Download historical unit prices

Notice of reliance

Magellan Asset Management Limited as responsible entity of the Magellan Global Fund will rely on ASIC Corporations (Discretions for Setting the Issue Price and Withdrawal Price for Interests in Managed Investment Schemes) Instrument 2023/693.

Date Distribution per unit Reinvestment price  
December 2023 5.0800 cents $2.6741 Interim Fund Distributions – 31 December 2023
June 2023 5.1100 cents $2.6375 Annual Fund Distributions 2023
December 2022 5.1000 cents $2.2759  
June 2022 5.1000 cents $2.2785 Magellan Annual Fund Distributions 2022
December 2021 5.1000 cents $2.8236  
June 2021 5.1000 cents $2.6895 Magellan Annual Fund Distributions 2021
December 2020 4.8800 cents $2.6135  
June 2020 10.5000 cents $2.5204 Magellan Annual Fund Distributions 2020
June 2019 11.7912 cents $2.4095 Magellan Annual Fund Distributions 2019
June 2018 16.1456 cents $2.1032 Magellan Annual Fund Distributions 2018
June 2017 4.8578 cents $1.9373 Magellan Annual Fund Distributions 2017
June 2016 15.2344 cents $1.7214 Magellan Annual Fund Distribution 2016
June 2015 24.3397 cents $1.8757 Magellan Annual Fund Distribution 2015
June 2014 5.9876 cents $1.6368 Magellan Annual Fund Distribution 2014
June 2013 3.2550 cents $1.5184 Magellan Annual Fund Distribution 2013
IMPORTANT

Please ensure that your Tax File Number (TFN) or Australian Business Number (ABN) is provided to the Unit Registry by Record Date, otherwise tax will be withheld on income attributed to you at the top marginal tax rate plus Medicare Levy.

If you have elected to receive distributions in cash, please ensure that your bank account details are provided to the Unit Registry by Record Date, otherwise your distribution payment will be withheld until a valid bank account is provided.

To review or update your TFN/ABN and bank account details, log on to the Unit Registry's online portal.

Fund Updates

31-Jan-2024 Magellan Global Fund (Open Class) - January 2024
31-Dec-2023 Magellan Global Fund (Open Class) - December 2023
31-Dec-2023 Magellan Global Fund - Portfolio Holdings
30-Nov-2023 Magellan Global Fund (Open Class) - November 2023
31-Oct-2023 Magellan Global Fund (Open Class) - October 2023
30-Sep-2023 Magellan Global Fund (Open Class) - September 2023
30-Sep-2023 Magellan Global Fund - Portfolio Holdings
31-Aug-2023 Magellan Global Fund (Open Class) - August 2023
31-Jul-2023 Magellan Global Fund (Open Class) - July 2023
30-Jun-2023 Magellan Global Fund (Open Class) - June 2023
30-Jun-2023 Magellan Global Fund - Portfolio Holdings
31-May-2023 Magellan Global Fund (Open Class) - May 2023
30-Apr-2023 Magellan Global Fund (Open Class) - April 2023
31-Mar-2023 Magellan Global Fund (Open Class) - March 2023
31-Mar-2023 Magellan Global Fund - Portfolio Holdings
28-Feb-2023 Magellan Global Fund (Open Class) - February 2023
31-Jan-2023 Magellan Global Fund (Open Class) - January 2023
31-Dec-2022 Magellan Global Fund (Open Class) - December 2022
31-Dec-2022 Magellan Global Fund - Portfolio Holdings
30-Nov-2022 Magellan Global Fund (Open Class) - November 2022
31-Oct-2022 Magellan Global Fund (Open Class) - October 2022
30-Sep-2022 Magellan Global Fund - Portfolio Holdings
30-Sep-2022 Magellan Global Fund (Open Class) - September 2022
31-Aug-2022 Magellan Global Fund (Open Class) - August 2022
31-Jul-2022 Magellan Global Fund (Open Class) - July 2022
30-Jun-2022 Magellan Global Fund (Open Class) - June 2022
30-Jun-2022 Magellan Global Fund - Portfolio Holdings
31-May-2022 Magellan Global Fund (Open Class) - May 2022
30-Apr-2022 Magellan Global Fund (Open Class) - April 2022
31-Mar-2022 Magellan Global Fund (Open Class) - March 2022
31-Mar-2022 Magellan Global Fund - Portfolio Holdings
28-Feb-2022 Magellan Global Fund (Open Class) - February 2022
31-Jan-2022 Magellan Global Fund (Open Class) - January 2022
31-Dec-2021 Magellan Global Fund (Open Class) - December 2021
31-Dec-2021 Magellan Global Fund - Portfolio Holdings
30-Nov-2021 Magellan Global Fund (Open Class) - November 2021
31-Oct-2021 Magellan Global Fund (Open Class) - October 2021
30-Sep-2021 Magellan Global Fund (Open Class) - September 2021
30-Sep-2021 Magellan Global Fund - Portfolio Holdings
31-Aug-2021 Magellan Global Fund (Open Class) - August 2021
31-Jul-2021 Magellan Global Fund (Open Class) - July 2021
30-Jun-2021 Magellan Global Fund (Open Class) - June 2021
30-Jun-2021 Magellan Global Fund - Portfolio Holdings
31-May-2021 Magellan Global Fund (Open Class) - May 2021
30-Apr-2021 Magellan Global Fund (Open Class) - April 2021
31-Mar-2021 Magellan Global Fund (Open Class) - March 2021
31-Mar-2021 Magellan Global Fund - Portfolio Holdings
28-Feb-2021 Magellan Global Fund (Open Class) - February 2021
31-Jan-2021 Magellan Global Fund (Open Class) - January 2021
31-Dec-2020 Magellan Global Fund (Open Class) - December 2020
31-Dec-2020 Magellan Global Fund - Portfolio Holdings
30-Nov-2020 Magellan Global Fund (Open Class) - November 2020
31-Oct-2020 Magellan Global Fund - October 2020
30-Sep-2020 Magellan Global Fund - September 2020
30-Sep-2020 Magellan Global Fund - Portfolio Holdings
31-Aug-2020 Magellan Global Fund - August 2020
31-Jul-2020 Magellan Global Fund - July 2020
30-Jun-2020 Magellan Global Fund - June 2020
30-Jun-2020 Magellan Global Fund - Portfolio Holdings
31-May-2020 Magellan Global Fund - May 2020
30-Apr-2020 Magellan Global Fund - April 2020
31-Mar-2020 Magellan Global Fund - March 2020
31-Mar-2020 Magellan Global Fund - Portfolio Holdings
18-Mar-2020 Important: Magellan Global Fund Update
29-Feb-2020 Magellan Global Fund - February 2020
31-Jan-2020 Magellan Global Fund - January 2020
31-Dec-2019 Magellan Global Fund - December 2019
31-Dec-2019 Magellan Global Fund - Portfolio Holdings
30-Nov-2019 Magellan Global Fund - November 2019
31-Oct-2019 Magellan Global Fund - October 2019
30-Sep-2019 Magellan Global Fund - September 2019
30-Sep-2019 Magellan Global Fund - Portfolio Holdings
31-Aug-2019 Magellan Global Fund - August 2019
31-Jul-2019 Magellan Global Fund - July 2019
30-Jun-2019 Magellan Global Fund - June 2019
30-Jun-2019 Magellan Global Fund - Portfolio Holdings
31-May-2019 Magellan Global Fund - May 2019
30-Apr-2019 Magellan Global Fund - April 2019
31-Mar-2019 Magellan Global Fund - March 2019
31-Mar-2019 Magellan Global Fund - Portfolio Holdings
28-Feb-2019 Magellan Global Fund - February 2019
31-Jan-2019 Magellan Global Fund - January 2019
31-Dec-2018 Magellan Global Fund - December 2018
31-Dec-2018 Magellan Global Fund - Portfolio Holdings
30-Nov-2018 Magellan Global Fund - November 2018
31-Oct-2018 Magellan Global Fund - October 2018
30-Sep-2018 Magellan Global Fund - September 2018
30-Sep-2018 Magellan Global Fund - Portfolio Holdings
31-Aug-2018 Magellan Global Fund - August 2018
31-Jul-2018 Magellan Global Fund - July 2018
30-Jun-2018 Magellan Global Fund - June 2018
30-Jun-2018 Magellan Global Fund - Portfolio Holdings
31-May-2018 Magellan Global Fund - May 2018
30-Apr-2018 Magellan Global Fund - April 2018
31-Mar-2018 Magellan Global Fund - March 2018
31-Mar-2018 Magellan Global Fund - Portfolio Holdings
28-Feb-2018 Magellan Global Fund - February 2018
31-Jan-2018 Magellan Global Fund - January 2018
31-Dec-2017 Magellan Global Fund - December 2017
31-Dec-2017 Magellan Global Fund - Portfolio Holdings
30-Nov-2017 Magellan Global Fund - November 2017
31-Oct-2017 Magellan Global Fund - October 2017
30-Sep-2017 Magellan Global Fund - September 2017
30-Sep-2017 Magellan Global Fund - Portfolio Holdings
31-Aug-2017 Magellan Global Fund - August 2017
31-Jul-2017 Magellan Global Fund - July 2017
30-Jun-2017 Magellan Global Fund - June 2017
30-Jun-2017 Magellan Global Fund - Portfolio Holdings
31-May-2017 Magellan Global Fund - May 2017
30-Apr-2017 Magellan Global Fund - April 2017
31-Mar-2017 Magellan Global Fund - March 2017
31-Mar-2017 Magellan Global Fund - Portfolio Holdings
28-Feb-2017 Magellan Global Fund - February 2017
31-Jan-2017 Magellan Global Fund - January 2017
31-Dec-2016 Magellan Global Fund - Portfolio Holdings
31-Dec-2016 Magellan Global Fund - December 2016
30-Nov-2016 Magellan Global Fund - November 2016
31-Oct-2016 Magellan Global Fund - October 2016
30-Sep-2016 Magellan Global Fund - Portfolio Holdings
30-Sep-2016 Magellan Global Fund Update - September 2016
31-Aug-2016 Magellan Global Fund Update - August 2016
31-Jul-2016 Magellan Global Fund Update - July 2016
30-Jun-2016 Magellan Global Fund - Portfolio Holdings
30-Jun-2016 Magellan Global Fund Update - June 2016
31-May-2016 Magellan Global Fund Update - May 2016
30-Apr-2016 Magellan Global Fund Update - April 2016
31-Mar-2016 Magellan Global Fund - Portfolio Holdings
31-Mar-2016 Magellan Global Fund Update - March 2016
29-Feb-2016 Magellan Global Fund Update - February 2016
31-Jan-2016 Magellan Global Fund Update - January 2016
31-Dec-2015 Magellan Global Fund - Portfolio Holdings
31-Dec-2015 Magellan Global Fund Update - December 2015
30-Nov-2015 Magellan Global Fund Update - November 2015
31-Oct-2015 Magellan Global Fund Update - October 2015
30-Sep-2015 Magellan Global Fund Update - September 2015
31-Aug-2015 Magellan Global Fund Update - August 2015
31-Jul-2015 Magellan Global Fund Update - July 2015
30-Jun-2015 Magellan Global Fund Update - June 2015
31-May-2015 Magellan Global Fund Update - May 2015
30-Apr-2015 The Great Disagreement - An important update
30-Apr-2015 Magellan Global Fund Update - April 2015
31-Mar-2015 Magellan Global Fund Update - March 2015
28-Feb-2015 Magellan Global Fund Update - February 2015
31-Jan-2015 Magellan Global Fund Update - January 2015
31-Dec-2014 Magellan Global Fund Update – December 2014
30-Nov-2014 Magellan Global Fund Update – November 2014
31-Oct-2014 Magellan Global Fund Update – October 2014
30-Sep-2014 Magellan Global Fund Update – September 2014
31-Aug-2014 Magellan Global Fund Update – August 2014
31-Jul-2014 Magellan Global Fund Update – July 2014
30-Jun-2014 Magellan Global Fund Update – June 2014
31-May-2014 Magellan Global Fund Update – May 2014
30-Apr-2014 Magellan Global Fund Update – April 2014
31-Mar-2014 Magellan Global Fund Update – March 2014
28-Feb-2014 Magellan Global Fund Update – February 2014
31-Jan-2014 Magellan Global Fund Update – January 2014
31-Dec-2013 Magellan Global Fund Update – December 2013
30-Nov-2013 Magellan Global Fund Update – November 2013
31-Oct-2013 Magellan Global Fund Update – October 2013
30-Sep-2013 Magellan Global Fund Update – September 2013
31-Aug-2013 Magellan Global Fund Update – August 2013
31-Jul-2013 Magellan Global Fund Update – July 2013
30-Jun-2013 Magellan Global Fund Update – June 2013
31-May-2013 Magellan Global Fund Update – May 2013
30-Apr-2013 Magellan Global Fund Update – April 2013
31-Mar-2013 Magellan Global Fund Update – March 2013
28-Feb-2013 Magellan Global Fund Update – February 2013
31-Jan-2013 Magellan Global Fund Update – January 2013
31-Dec-2012 Magellan Global Fund Update – December 2012
30-Nov-2012 Magellan Global Fund Update – November 2012
31-Oct-2012 Magellan Global Fund Update – October 2012
30-Sep-2012 Magellan Global Fund Update – September 2012
31-Aug-2012 Magellan Global Fund Update – August 2012
31-Jul-2012 Magellan Global Fund Update – July 2012
30-Jun-2012 Magellan Global Fund Update – June 2012
31-May-2012 Magellan Global Fund Update – May 2012
30-Apr-2012 Magellan Global Fund Update – April 2012
31-Mar-2012 Magellan Global Fund Update – March 2012
29-Feb-2012 Magellan Global Fund Update – February 2012
31-Jan-2012 Magellan Global Fund Update – January 2012
31-Dec-2011 Magellan Global Fund Update – December 2011
30-Nov-2011 Magellan Global Fund Update – November 2011
31-Oct-2011 Magellan Global Fund Update – October 2011
30-Sep-2011 Magellan Global Fund Update – September 2011
31-Aug-2011 Magellan Global Fund Update – August 2011
31-Jul-2011 Magellan Global Fund Update – July 2011
30-Jun-2011 Magellan Global Fund Update – June 2011
31-May-2011 Magellan Global Fund Update – May 2011
30-Apr-2011 Magellan Global Fund Update – April 2011
31-Mar-2011 Magellan Global Fund Update – March 2011
28-Feb-2011 Magellan Global Fund Update – February 2011
31-Jan-2011 Magellan Global Fund Update – January 2011
31-Dec-2010 Magellan Global Fund Update – December 2010
30-Nov-2010 Magellan Global Fund Update – November 2010
31-Oct-2010 Magellan Global Fund Update – October 2010
30-Sep-2010 Magellan Global Fund Update – September 2010
31-Aug-2010 Magellan Global Fund Update – August 2010
31-Jul-2010 Magellan Global Fund Update – July 2010
30-Jun-2010 Magellan Global Fund Update – June 2010
31-May-2010 Magellan Global Fund Update – May 2010
30-Apr-2010 Magellan Global Fund Update – April 2010
31-Mar-2010 Magellan Global Fund Update – March 2010
28-Feb-2010 Magellan Global Fund Update – February 2010
31-Jan-2010 Magellan Global Fund Update – January 2010
31-Dec-2009 Magellan Global Fund Update – December 2009
30-Nov-2009 Magellan Global Fund Update – November 2009
31-Oct-2009 Magellan Global Fund Update – October 2009
30-Sep-2009 Magellan Global Fund Update – September 2009
31-Aug-2009 Magellan Global Fund Update – August 2009
31-Jul-2009 Magellan Global Fund Update – July 2009
30-Jun-2009 Magellan Global Fund Update – June 2009
31-Jan-2009 Magellan Global Fund Update – January 2009
Top 10 Holdings in Detail

ASX Announcements

15-Feb-2024 ASX:MGO - Leadership Update
13-Feb-2024 ASX:MGO - MGOC Fund Update - January 2024
06-Feb-2024 ASX:MGO - Units on Issue & Monthly Redemptions - January 2024
31-Jan-2024 ASX:MGO - Quarterly Portfolio Disclosure - 31 December 2023
17-Jan-2024 ASX:MGO - Summary of Units Issued under DRP
15-Jan-2024 ASX:MGO - MGOC Fund Update - December 2023
05-Jan-2024 ASX:MGO - Units on Issue & Monthly Redemptions - December 2023
05-Jan-2024 ASX:MGO - Target Cash Distribution for the period ended 30 June 2024
03-Jan-2024 ASX:MGO - MGOC DRP Price - Distribution Payable 17 January 2024
28-Dec-2023 ASX:MGO - Announcement regarding Magellan Global Fund (Closed Class)
22-Dec-2023 ASX:MGO - Ensuring investor details for future distributions
22-Dec-2023 ASX:MGO - Distribution for the six-month period ended 31 December 2023
13-Dec-2023 ASX:MGO - MGOC Fund Update - November 2023
08-Dec-2023 ASX:MGO - Resumption of Market Making
08-Dec-2023 ASX:MGO - Operational Issues - Market Making
07-Dec-2023 ASX:MGO - Further announcement regarding MGF (Closed Class)
07-Dec-2023 ASX:MGO - Announcement regarding Magellan Global Fund (Closed Class)
06-Dec-2023 ASX:MGO - Units on Issue & Monthly Redemptions - November 2023
27-Nov-2023 ASX:MGO - Magellan Global Fund (Open Class) Replacement PDS
13-Nov-2023 ASX:MGO - MGOC Fund Update - October 2023
06-Nov-2023 ASX:MGO - Units on Issue & Monthly Redemptions - October 2023
31-Oct-2023 ASX:MGO - Quarterly Portfolio Disclosure - 30 September 2023
25-Oct-2023 ASX:MGO - Leadership Announcement
16-Oct-2023 ASX:MGO - MGOC Fund Update - September 2023
16-Oct-2023 ASX:MGO - Announcement regarding Magellan Global Fund (Closed Class)
06-Oct-2023 ASX:MGO - Units on Issue & Monthly Redemptions - September 2023
02-Oct-2023 ASX:MGO - Appointment of Deborah Page AM
15-Sep-2023 ASX:MGO - MGOC Fund Update - August 2023
08-Sep-2023 ASX:MGO - Board Changes and Conclusion of Board Renewal Process
06-Sep-2023 ASX:MGO - Units on Issue & Monthly Redemptions - August 2023
28-Aug-2023 ASX:MGO - MGOC 2023 Annual Financial Report
09-Aug-2023 ASX:MGO - MGOC Fund Update - July 2023
04-Aug-2023 ASX:MGO - Units on Issue & Monthly Redemptions - July 2023
31-Jul-2023 ASX:MGO - Quarterly Portfolio Disclosure - 30 June 2023
25-Jul-2023 ASX:MGO - Board Changes
21-Jul-2023 ASX:MGO - Summary of Units Issued under DRP
18-Jul-2023 ASX:MGO - Magellan InReview 2023
13-Jul-2023 ASX:MGO - MGOC Fund Update - June 2023
06-Jul-2023 ASX:MGO - Units on Issue & Monthly Redemptions - June 2023
06-Jul-2023 ASX:MGO - Target Cash Distribution for the period ended 31 Dec 2023
04-Jul-2023 ASX:MGO - MGOC DRP Price - Distribution Payable 21 July 2023
04-Jul-2023 ASX:MGO - Magellan Asset Management Limited Board Change
27-Jun-2023 ASX:MGO - Ensuring investor details for future distributions
27-Jun-2023 ASX:MGO - Distribution for the six-month period ended 30 June 2023
07-Jun-2023 ASX:MGO - Units on Issue & Monthly Redemptions - May 2023
07-Jun-2023 ASX:MGO - Magellan Global Funds Update - May 2023
10-May-2023 ASX:MGO - Magellan Global Funds Update - April 2023
04-May-2023 ASX:MGO - Units on Issue & Monthly Redemptions - April 2023
28-Apr-2023 ASX:MGO - Quarterly Portfolio Disclosure - 31 March 2023
19-Apr-2023 ASX:MGO - Magellan Global Funds Update - March 2023
05-Apr-2023 ASX:MGO - Units on Issue & Monthly Redemptions - March 2023
08-Mar-2023 ASX:MGO - Magellan Global Funds Update - February 2023
06-Mar-2023 ASX:MGO - Units on Issue & Monthly Redemptions - February 2023
27-Feb-2023 ASX:MGO - 2023 Interim Financial Report

Investor Reports

30-Jun-2023 Magellan Global Fund Annual Investor Report - June 2023
30-Jun-2022 Magellan Global Fund Annual Investor Report - June 2022
30-Jun-2021 Magellan Global Investor Letter - 'The importance of being rational'
30-Jun-2021 Magellan Global Fund Annual Investor Report - June 2021
30-Jun-2020 Magellan Global Fund Annual Investor Report - June 2020
30-Jun-2019 Magellan Global Fund Annual Investor Report - June 2019
30-Jun-2018 Magellan Global Fund Annual Investor Report - June 2018
30-Jun-2017 Magellan Global Fund Annual Investor Report - June 2017
30-Jun-2016 Magellan Global Fund Annual Investor Report - June 2016
31-Dec-2015 Magellan Global Fund Half Yearly Report - December 2015
30-Jun-2015 Magellan Global Fund Annual Investor Report - June 2015
31-Dec-2014 Magellan Global Fund Half Yearly Report - December 2014
30-Jun-2014 Magellan Global Fund Annual Investor Report - June 2014
31-Dec-2013 Magellan Global Fund Half Yearly Report - December 2013
30-Jun-2013 Magellan Global Fund Annual Investor Report - June 2013
31-Dec-2012 Magellan Global Fund Half Yearly Report - December 2012
30-Jun-2012 Magellan Global Fund Annual Investor Report - June 2012
31-Dec-2011 Magellan Global Fund Annual Half Yearly Report - December 2011
30-Jun-2011 Magellan Global Fund Annual Investor Report - June 2011
31-Dec-2010 Magellan Global Fund Annual Half Yearly Report - December 2010
30-Jun-2010 Magellan Global Fund Annual Investor Report - June 2010
31-Dec-2009 Magellan Global Fund Annual Half Yearly Report - December 2009
30-Jun-2009 Magellan Global Fund Annual Investor Report - June 2009
31-Dec-2008 Magellan Global Fund Annual Half Yearly Report - December 2008
30-Jun-2008 Magellan Global Fund Annual Investor Report - June 2008
31-Dec-2007 Magellan Global Fund Annual Half Yearly Report - December 2007

Financial Reports

Continuous Disclosure

Access the continuous disclosure information issued by Magellan Asset Management Limited in relation to this fund.

Magellan Global Fund Open Class Units are quoted on the ASX and also directly available for purchase and redemption with the fund itself. Open Class Units should generally trade on the ASX close to the prevailing Net Asset Value and you can buy and sell units off market with the fund at the prevailing Net Asset Value.

Read the Product Disclosure Statement prior to making any investment decisions.

Check the MGOC current share price and buy on the ASX.

For Existing Investors

Complete the PDF Application Form

You can complete the PDF form digitally, or print and complete manually. You will be guided by the Application Form if you also need to complete and CRS forms

Send application form to Apex Group
Apex Fund Services - Unit Registry
GPO Box 143
Sydney NSW 2001

Or via email to magellanfunds@apexgroup.com

Temporary processes available during COVID-19

Speak with your adviser/broker. To find an adviser, visit Financial Advice Association Australia.

You have the choice of either buying units on the Securities Exchange via your stockbroker/online broker or applying directly with the Responsible Entity by sending an Application Form to our unit registry.

If you hold your investments via an investment administration platform, you should consult your financial adviser who will be able to assist you in investing in the Fund.

There are important differences between investing in the Fund through the Securities Exchange or by applying directly with the Responsible Entity, including the price you will receive. 

You should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) before making any decision on how to invest in the Fund.

 

If you invest on the Securities Exchange there is no initial minimum investment amount.

If you invest directly with the Responsible Entity by sending us an Application Form, the minimum initial investment is A$10,000. 

Additional investments can be made into an existing account at any time. No minimum applies for additional investments by BPAY. A minimum of $5,000 applies to EFT and cheque payments.

You will typically have a HIN if you bought your units on the Securities Exchange through a stockbroker and an SRN if you applied for units directly with the Responsible Entity.

A HIN is a Holder Identification Number issued by your stockbroker. It is a unique number used to link all your holdings, stocks, shares, and not specific to just Magellan. A HIN is 11 characters long. It starts with an ‘X’ followed by 10 digits. For example: X0001235898.

An SRN is a Securityholder Reference Number issued by the Fund’s Unit Registry and is your unique identifier in the Fund. An SRN is 11 characters long and starts with an ‘I’ followed by 10 digits. Example: I00874500369. Your SRN will be stated on your first confirmation statement and partly masked for subsequent statements. 

If you're unsure of your SRN, please contact the Fund's unit registry for assistance. If you are unsure of your HIN, please contact your stockbroker. Further information can be located on our Insights Section via the following link  https://www.magellangroup.com.au/insights/magellan-explains-single-unit-structure/

If you have invested directly with the Responsible Entity, you will receive  your transaction confirmations from the Unit Registry, which will include your SRN.  If you have invested directly with the Responsible Entity and have chosen to receive communication via email, you will receive confirmation of your investment from the Fund's unit registry (upon receipt of your correctly completed Application Form (or notice of additional investment) and cleared application monies. 

If you have purchased your units on the Securities Exchange, your stockbroker or online broker will issue the transaction confirmation.

During distribution periods (at the start of July and the start of January for some funds) receipt of your confirmation statement may be delayed by 10-15 business days.

The following information is available on the ASX announcements platform and/or our website: 

  • information about the Net Asset Value of the fund’s underlying investments daily;
  • information about withdrawals from the fund and the number of units on issue;
  • information about distributions paid in relation to the Fund’s Units;
  • monthly fund factsheets; 
  • the full portfolio on a quarterly basis with a one-month delay ; 
  • information that we disclose to ASIC which is not generally available and that a reasonable person would expect, if the information were generally available, to have a material effect on the price or value of the fund's units (as required under section 675 of the Corporations Act); and
  • any information that is provided to an overseas stock exchange and would be required to be disclosed to the ASX under section 323DA of the Corporations Act as if the fund was admitted under the ASX Listing Rules.

Investors can exit the Fund either by directly making a withdrawal request to the Responsible Entity or by selling units on the Securities Exchange. You need to hold your units on the issuer sponsored sub-register to make a withdrawal request directly to the Responsible Entity. Your stockbroker can assist you with this process if you hold your units on a HIN. The method by which you enter the Fund does not affect the method by which you can exit the Fund. If you enter the Fund by buying units on the Securities Exchange, you can exit the Fund by selling units on the Securities Exchange or by withdrawing directly with the Responsible Entity. If you enter the Fund by applying for units directly with the Responsible Entity you can exit the Fund by selling units on the Securities Exchange or by withdrawing directly with the Responsible Entity.

To make a withdrawal request with the Responsible Entity.
If you have a Securityholder Reference Number (SRN) or Investor Number
You will need to provide your SRN or Investor Number on your Withdrawal Form
If you have a Holder Identification Number (HIN) with your stockbroker or online broker
You will need to convert your holding from your HIN with your stockbroker or online broker to an SRN issued by the unit registry.
This is a standard process which your stockbroker or online broker can assist you with.

 

 

To sell your units on the Securities Exchange.
If you have a Securityholder Reference Number (SRN) or Investor Number
You can provide your SRN to certain stockbrokers who can sell your units on your behalf.
If your stockbroker does not offer this service, you will need to ask your stockbroker to convert or transfer your holding onto a HIN.  This is a standard process which your stockbroker can assist you with. You can then instruct your stockbroker to sell your units on the Securities Exchange.
If you have a Holder Identification Number (HIN) with your stockbroker
You can instruct your stockbroker to sell your units on the Securities Exchange.

There are important differences between exiting the Fund via the Securities Exchange or by withdrawing directly with the Responsible Entity, including the price you will receive. You should read the Product Disclosure Statement (PDS) or consult with your financial adviser before making any decision on how to invest in the Fund.

The Responsible Entity intends to target a cash distribution which will be published on the announcements platform of the Securities Exchange Operator and the Fund’s website at https://www.magellangroup.com.au/funds/distributions/.  (“Target Cash Distribution”). 

The Responsible Entity has the discretion to distribute an amount higher than the Target Cash Distribution. The distribution per unit will be paid semi-annually (for the periods ending 30 June and 31 December of each year) although the Fund may make distributions more or less frequently at the discretion of the Responsible Entity. 

The distribution may comprise an amount attributed to you from income (such as dividends received from shares and interest) less expenses incurred by the Fund (such as management and performance fees) plus net capital gains made on the sale of shares or other investments held. In some circumstances, the Fund may distribute a payment out of the capital invested in addition to a distribution of net income or net capital gains, or where the Fund has not generated any net income or net capital gains during the income year. The distribution investors may receive will be based on the number of units they hold at the nominated record date. It is not pro-rated according to the time that investors have held their units.

Magellan’s Active ETFs (Exchange-Traded Funds) are actively managed investment funds, which means an investment fund manager or investment team are making decisions about the underlying investment portfolio allocation. The ETFs are quoted on a securities exchange and can be bought and sold just like any other stock listed on an exchange. These funds provide investors with easy access to the benefits of investing in global equities and the investment experience and expertise of Magellan.  Further information can be located on our Insghts Section via the following link https://www.magellangroup.com.au/insights/magellan-explains-exchange-traded-funds/

The unit registry for the fund is Apex Fund Services
T | 1300 127 780 (or +61 2 8259 8566) or 0800 787 621 (NZ)
F | +61 2 9247 2822
E | magellanfunds@apexgroup.com
A| GPO Box 143, Sydney NSW 2001

Adviser Enquiries
T | +61 2 9235 4888
E | info@magellangroup.com.au

 

Why Global Equities?

Unit Registry Enquiries

Apex Group

Apex Group provides a range of registry services including the processing of applications, redemptions and distributions as well as the maintenance of unitholder records.

Please contact Apex Group directly for assistance with your unitholdings.

Investor Login
Telephone:
1300 127 780 (Australia)
+61 2 8259 8566 (International)
0800 787 621 (New Zealand)
Fax:
+61 2 9247 2822
Postal Address:
GPO Box 143
Sydney, NSW 2001

Important Information: Units in the fund(s) referred to herein are issued by Magellan Asset Management Limited (ABN 31 120 593 946, AFS Licence No 304 301). Past performance is not necessarily indicative of future results and no person guarantees the future performance of the fund(s), the amount or timing of any return from the fund(s), or that the investment objectives of the fund(s) will be achieved. This material has been provided for general information purposes and must not be construed as investment advice. It does not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should consider obtaining professional investment advice tailored to their specific circumstances and should obtain and read the relevant Target Market Determination ('TMD') and Product Disclosure Statement ('PDS') applicable to the fund(s) prior to making a decision about whether to acquire or continue to hold an interest in the fund(s). The TMD and PDS for the fund(s) are available on this website or can be obtained by calling 02 9235 4888. Any trademarks, logos, and service marks contained herein may be the registered and unregistered trademarks of their respective owners. Nothing contained herein should be construed as granting by implication, or otherwise, any licence or right to use any trademark displayed without the written permission of the owner. No part of this material may be reproduced or disclosed, in whole or in part, without the prior written consent of Magellan Asset Management Limited.

Research House Ratings Disclaimers

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned November 2023) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines 

© 2018 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. The Morningstar Analyst Rating™ for the Magellan Global Fund Open Class (ASX:MGOC) is ‘Neutral’ as of November 2022.

The rating issued 12/2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.

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