Magellan High Conviction Trust

An ASX-listed trust investing in 10 - 20 of the world's best global stocks whilst targeting a 3% per annum cash distribution yield

Investment Objectives

The primary objectives of the Trust are to achieve attractive risk-adjusted returns over the medium to long-term. The Trust aims to deliver 10% p.a. net of fees over the economic cycle.

Invest In The World's Best

Amazon
Booking Holdings Inc
Microsoft
VISA
Intercontinental Exchange

Fund Facts

Portfolio Managers
Nikki Thomas, CFA
Nikki Thomas, CFA
Alan Pullen
Alan Pullen
Structure
Global Equity Fund, $AUD
Inception Date
11-October-2019
Fund size
$449.9 million
31-May-2024
ASX Ticker
MHHT
Market Data Tickers
Units
IRESS
MHHT.ASX
Bloomberg
MHHT AU EQUITY
Refinitiv
MHHT.AX
ICE iNav*
AUD $
Indicative NAV
IRESS
MHHT-AUINAV.NGIF
Bloomberg
MHHTIV INDEX
Refinitiv
MHHTAUiv.P
Solactive iNav
AUD $
Indicative NAV
IRESS
MHHTAUDINAV.ETF
Bloomberg
MHHTAUIV INDEX
Refinitiv
MHHTAUDINAV=SOLA

The iNAV reflects the estimated NAV per Unit 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
1.50%
Distribution Frequency
Semi-annually
ARSN
634 789 754
APIR Code
MGE1055AU
Buy / Sell Spread
0.07%/0.07%
(Only applicable to investors who apply for units directly with the Fund)
Performance Fee

10.0% 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.

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

Lonsec
Investment Grade
Zenith
Approved
Morningstar
Negative
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 High Conviction Trust 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 High Conviction Trust investment process is designed to generate an unconstrained, highly-concentrated portfolio of high-quality companies.

The Magellan High Conviction Trust will comprise of 10 to 20 investments, with the portfolio weighted towards Magellan's highest-conviction ideas.

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 May 2024

Important Information: Fund Inception date is 11 October 2019. Return calculations are based on exit price assuming distributions are reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). The Fund transitioned from a closed-ended Listed Investment Trust to an open-ended Active ETF on 31 August 2021, return calculations prior to that date are based on NAV price assuming distributions are 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.

31 May 2024
Performance 3 Months 6 Months 1 Year 3 Years
(% PA)
Since Inception**
(% PA)
Magellan High Conviction Trust (Managed Fund) (ASX: MHHT) -1.09% 14.47% 23.77% 6.67% 7.47%

Important Information: Fund Inception date is 11 October 2019. Return calculations are based on exit price assuming distributions are reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). The Fund transitioned from a closed-ended Listed Investment Trust to an open-ended Active ETF on 31 August 2021, return calculations prior to that date are based on NAV price assuming distributions are 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 5

31 March 2024
10.2% Microsoft Corporation
9.3% Amazon.com Inc
7.9% Visa Inc
7.8% Intercontinental Exchange Inc
7.0% Booking Holdings Inc
Date Net Asset Value Entry Exit
17-Jun-2024 1.8792 1.8805 1.8779
14-Jun-2024 1.8651 1.8664 1.8638
13-Jun-2024 1.8625 1.8638 1.8612
12-Jun-2024 1.8595 1.8608 1.8582
11-Jun-2024 1.8706 1.8719 1.8693
07-Jun-2024 1.8684 1.8697 1.8671
06-Jun-2024 1.8630 1.8643 1.8617
05-Jun-2024 1.8615 1.8628 1.8602
04-Jun-2024 1.8350 1.8363 1.8337
Download historical unit prices
Date Distribution per unit Reinvestment price  
December 2023 2.2700 cents $1.6438 Interim Fund Distributions – 31 December 2023
June 2023 2.3400 cents $1.5342 Annual Fund Distributions 2023
December 2022 2.4400 cents $1.2569  
June 2022 2.4600 cents $1.2882 Annual Fund Distributions 2022
December 2021 2.3800 cents $1.8059  
June 2021 2.2500 cents $1.6467 Annual Fund Distributions 2021
December 2020 2.2500 cents $1.4520  
June 2020 2.2500 cents $1.4854 Annual Fund Distributions 2020
December 2019 2.2500 cents $1.5470  
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-May-2024 Magellan High Conviction Trust (ASX:MHHT) - May 2024
30-Apr-2024 Magellan High Conviction Trust (ASX:MHHT) - April 2024
31-Mar-2024 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
31-Mar-2024 Magellan High Conviction Trust (ASX:MHHT) - March 2024
29-Feb-2024 Magellan High Conviction Trust (ASX:MHHT) - February 2024
31-Jan-2024 Magellan High Conviction Trust (ASX:MHHT) - January 2024
31-Dec-2023 Magellan High Conviction Trust (ASX:MHHT) - December 2023
31-Dec-2023 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
30-Nov-2023 Magellan High Conviction Trust (ASX:MHHT) - November 2023
31-Oct-2023 Magellan High Conviction Trust (ASX:MHHT) - October 2023
30-Sep-2023 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
30-Sep-2023 Magellan High Conviction Trust (ASX:MHHT) - September 2023
31-Aug-2023 Magellan High Conviction Trust (ASX:MHHT) - August 2023
31-Jul-2023 Magellan High Conviction Trust (ASX:MHHT) - July 2023
30-Jun-2023 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
30-Jun-2023 Magellan High Conviction Trust (ASX:MHHT) - June 2023
31-May-2023 Magellan High Conviction Trust (ASX:MHHT) - May 2023
30-Apr-2023 Magellan High Conviction Trust (ASX:MHHT) - April 2023
31-Mar-2023 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
31-Mar-2023 Magellan High Conviction Trust (ASX:MHHT) - March 2023
28-Feb-2023 Magellan High Conviction Trust (ASX:MHHT) - February 2023
31-Jan-2023 Magellan High Conviction Trust (ASX:MHHT) - January 2023
31-Dec-2022 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
31-Dec-2022 Magellan High Conviction Trust (ASX:MHHT) - December 2022
30-Nov-2022 Magellan High Conviction Trust (ASX:MHHT) - November 2022
31-Oct-2022 Magellan High Conviction Trust (ASX:MHHT) - October 2022
30-Sep-2022 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
30-Sep-2022 Magellan High Conviction Trust (ASX:MHHT) - September 2022
31-Aug-2022 Magellan High Conviction Trust (ASX:MHHT) - August 2022
31-Jul-2022 Magellan High Conviction Trust (ASX:MHHT) - July 2022
30-Jun-2022 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
30-Jun-2022 Magellan High Conviction Trust (ASX:MHHT) - June 2022
31-May-2022 Magellan High Conviction Trust (ASX:MHHT) - May 2022
30-Apr-2022 Magellan High Conviction Trust (ASX:MHHT) - April 2022
31-Mar-2022 Magellan High Conviction Trust (ASX:MHHT) - March 2022
31-Mar-2022 Magellan High Conviction Trust (ASX:MHHT) - Portfolio Holdings
28-Feb-2022 Magellan High Conviction Trust (ASX:MHHT) - February 2022
31-Jan-2022 Magellan High Conviction Trust (ASX:MHHT) - January 2022
31-Dec-2021 Magellan High Conviction Trust (ASX:MHH) - Portfolio Holdings
31-Dec-2021 Magellan High Conviction Trust (ASX:MHHT) - December 2021
30-Nov-2021 Magellan High Conviction Trust (ASX:MHHT) - November 2021
31-Oct-2021 Magellan High Conviction Trust (ASX:MHHT) - October 2021
30-Sep-2021 Magellan High Conviction Trust (ASX:MHH) - Portfolio Holdings
30-Sep-2021 Magellan High Conviction Trust (ASX:MHHT) - September 2021
31-Aug-2021 Magellan High Conviction Trust (ASX:MHHT) - August 2021
31-Jul-2021 Magellan High Conviction Trust (ASX:MHH) - July 2021
30-Jun-2021 Magellan High Conviction Trust (ASX:MHH) - Portfolio Holdings
30-Jun-2021 Magellan High Conviction Trust (ASX:MHH) - June 2021
31-May-2021 Magellan High Conviction Trust (ASX:MHH) - May 2021
30-Apr-2021 Magellan High Conviction Trust (ASX:MHH) - April 2021
31-Mar-2021 Magellan High Conviction Trust (ASX:MHH) - March 2021
28-Feb-2021 Magellan High Conviction Trust (ASX:MHH) - February 2021
31-Jan-2021 Magellan High Conviction Trust (ASX:MHH) - January 2021
31-Dec-2020 Magellan High Conviction Trust (ASX:MHH) - December 2020
30-Nov-2020 Magellan High Conviction Trust (ASX:MHH) - November 2020
31-Oct-2020 Magellan High Conviction Trust (ASX:MHH) - October 2020
30-Sep-2020 Magellan High Conviction Trust (ASX:MHH) - September 2020
31-Aug-2020 Magellan High Conviction Trust (ASX:MHH) - August 2020
31-Jul-2020 Magellan High Conviction Trust (ASX:MHH) - July 2020
30-Jun-2020 Magellan High Conviction Trust (ASX:MHH) - June 2020
31-May-2020 Magellan High Conviction Trust (ASX:MHH) - May 2020
30-Apr-2020 Magellan High Conviction Trust (ASX:MHH) - April 2020
31-Mar-2020 Magellan High Conviction Trust (ASX:MHH) - March 2020
24-Mar-2020 Important: Magellan High Conviction Trust Update
29-Feb-2020 Magellan High Conviction Trust (ASX:MHH) - February 2020
31-Jan-2020 Magellan High Conviction Trust (ASX:MHH) - January 2020
31-Dec-2019 Magellan High Conviction Trust (ASX:MHH) - December 2019
30-Nov-2019 Magellan High Conviction Trust (ASX:MHH) - November 2019
31-Oct-2019 Magellan High Conviction Trust (ASX:MHH) - October 2019

ASX Announcements

13-Jun-2024 ASX:MHH - MHHT Fund Update - May 2024
07-Jun-2024 ASX:MHH - Units on Issue & Monthly Redemptions - May 2024
13-May-2024 ASX:MHH - MHHT Fund Update - April 2024
13-May-2024 ASX:MHH - Appointment of Sophia Rahmani as Managing Director
07-May-2024 ASX:MHH - Units on Issue & Monthly Redemptions - April 2024
30-Apr-2024 ASX:MHH - Quarterly Portfolio Disclosure - 31 March 2024
15-Apr-2024 ASX:MHH - MHHT Fund Update - March 2024
05-Apr-2024 ASX:MHH - Units on Issue & Monthly Redemptions - March 2024
13-Mar-2024 ASX:MHH - MHHT Fund Update - February 2024
06-Mar-2024 ASX:MHH - Units on Issue & Monthly Redemptions - February 2024
28-Feb-2024 ASX:MHH - 2024 Interim Financial Report
15-Feb-2024 ASX:MHH - Leadership Update
13-Feb-2024 ASX:MHH - MHHT Fund Update - January 2024
06-Feb-2024 ASX:MHH - Units on Issue & Monthly Redemptions - January 2024
31-Jan-2024 ASX:MHH - Quarterly Portfolio Disclosure - 31 December 2023
17-Jan-2024 ASX:MHH - Summary of Units Issued under DRP
15-Jan-2024 ASX:MHH - MHHT Fund Update - December 2023
05-Jan-2024 ASX:MHH - Units on Issue & Monthly Redemptions - December 2023
05-Jan-2024 ASX:MHH - Target Cash Distribution for the period ended 30 June 2024
03-Jan-2024 ASX:MHH - MHHT DRP Price - Distribution Payable 17 January 2024
22-Dec-2023 ASX:MHH - Ensuring investor details for future distributions
22-Dec-2023 ASX:MHH - Distribution for the six-month period ended 31 December 2023
13-Dec-2023 ASX:MHH - MHHT Fund Update - November 2023
06-Dec-2023 ASX:MHH - Units on Issue & Monthly Redemptions - November 2023
27-Nov-2023 ASX:MHH - Magellan High Conviction Trust Replacement PDS
13-Nov-2023 ASX:MHH - MHHT Fund Update - October 2023
06-Nov-2023 ASX:MHH - Units on Issue & Monthly Redemptions - October 2023
31-Oct-2023 ASX:MHH - Quarterly Portfolio Disclosure - 30 September 2023
25-Oct-2023 ASX:MHH - Leadership announcement
16-Oct-2023 ASX:MHH - MHHT Fund Update - September 2023
06-Oct-2023 ASX:MHH - Units on Issue & Monthly Redemptions - September 2023
02-Oct-2023 ASX:MHH - Appointment of Deborah Page AM
15-Sep-2023 ASX:MHH - Revised MHHT Fund Update - August 2023
15-Sep-2023 ASX:MHH - MHHT Fund Update - August 2023
08-Sep-2023 ASX:MHH - Board Changes and Conclusion of Board Renewal Process
06-Sep-2023 ASX:MHH - Units on Issue & Monthly Redemptions - August 2023
28-Aug-2023 ASX:MHH - MHHT 2023 Annual Financial Report
09-Aug-2023 ASX:MHH - MHHT Fund Update - July 2023
04-Aug-2023 ASX:MHH - Units on Issue & Monthly Redemptions - July 2023
31-Jul-2023 ASX:MHH - Quarterly Portfolio Disclosure - 30 June 2023
25-Jul-2023 ASX:MHH - Board Changes
21-Jul-2023 ASX:MHH - Summary of Units Issued under DRP
18-Jul-2023 ASX:MHH - Magellan InReview 2023
13-Jul-2023 ASX:MHH - MHHT Fund Update - June 2023
06-Jul-2023 ASX:MHH - Units on Issue & Monthly Redemptions - June 2023
06-Jul-2023 ASX:MHH - Target Cash Distribution for the period ended 31 Dec 2023
04-Jul-2023 ASX:MHH - MHHT DRP Price - Distribution Payable 21 July 2023
04-Jul-2023 ASX:MHH - Magellan Asset Management Limited Board Change
27-Jun-2023 ASX:MHH - Ensuring investor details for future distributions
27-Jun-2023 ASX:MHH - Distribution for the six-month period ended 30 June 2023

Continuous Disclosure

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

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

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

Apply Now

You will need the following information handy to support your online application:

  • Identification documents (e.g. drivers license)
  • Mobile number and email address
  • Your Tax File Number (TFN)
  • Complete the FATCA/CRS self-certification
Note: Magellan accepts initial direct investments from individuals with a minimum of $10,000. You must be over 18 years of age.

A hard copy of the Application Form is available on request.

For Existing Investors

Use the Automic Online Portal to:

  • Check your balance(s), view transaction confirmations and periodic statements.
  • Update your personal details.
  • Invest additional funds and switch investments.
  • Participate in the Distribution Reinvestment Plan (DRP).
  • Provide your FATCA/CRS certification.

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 Responsible Entity has established a DRP in respect of distributions made by the Fund. In respect of each distribution, the Responsible Entity may elect to offer or not offer the DRP. Under the DRP Rules, an investor may elect to have all, or part of the distribution that is payable to that investor reinvested as additional units in the Fund. The additional units will be issued at a price equal to the NAV per Unit, as provided in the DRP Rules. The DRP Rules provide detail on the methodology for determining the price at which units are issued to investors and can be found here. Details in relation to each distribution will be published on the announcements platform of the Securities Exchange Operator and the Fund’s website at www.magellangroup.com.au/funds/distributions/.

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 Automic Group
T | 1300 408 792 (or +61 2 8072 1481)
F | +61 2 8072 1409
E | magellanfunds@automicgroup.com.au
A | GPO Box 2629, Sydney NSW 2001

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

Why Global Equities?

Offering a range of funds that invest in high-quality companies for the long-term which translate into returns on capital in excess of their cost of capital for a sustained period of time.

Why Global Equities?

Unit Registry Enquiries

Automic

Automic 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 Automic Group directly for assistance with your unitholdings.

Investor Login
Telephone:
1300 408 792 (Australia)
+61 2 8072 1481 (International)
Fax:
+61 2 8072 1409
Postal Address:
GPO Box 2629
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 rating issued 05/2024 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. © 2024 Lonsec. All rights reserved.

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 High Conviction Fund Trust is ‘Negative’ as of November 2022.

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