Magellan Global Fund Options (MGFO)
Important Information

Magellan Infrastructure Fund (Currency Hedged)

This Active ETF is a currency hedged infrastructure fund listed on the ASX. Holding 20 to 40 stocks that seeks to deliver the stable returns offered by the asset class, while hedging returns from currency movements.

Investment Objectives

To achieve attractive risk adjusted returns over the medium to long-term;

While reducing the risk of permanent capital loss

Invest In The World's Best

Aena SME SA
Transurban Group
United Utilities Group Plc
Norfolk Southern
Ferrovial
National Grid
Sempra Energy
American Tower
Severn Trent
Vinci

Fund Facts

Portfolio Manager
Gerald Stack
Gerald Stack
Structure
Infrastructure Fund, $AUD hedged
Inception Date
19-July-2016
Fund size
$657.8 million
31-Jan-2024
ASX Ticker
MICH
Market Data Tickers
Prices
Bloomberg
MICH AU Equity
Thomson Reuters
MICH.AX
IRESS
MICH.AXW
ICE iNav*
AUD $
Indicative NAV
Bloomberg
MICHIV Index
Thomson Reuters
MICHAUiv.P
IRESS
MICH-AUINAV.NGIF
Solactive iNav
AUD $
Indicative NAV
Bloomberg
MICHAUIV
Thomson Reuters
MICHAUDINAV=SOLA
IRESS
MICHAUDINAV

The iNAV reflects the estimated NAV per Unit updated in respect of the Fund’s 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 to the extent that the impact is not offset by the hedging of the Fund’s foreign currency exposure. 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
1.06%
Distribution Frequency
Semi-annually
ARSN
612 467 580
Benchmark
S&P Global Infrastructure Index A$ Hedged Net Total Return
Performance Fee

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.

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
Recommended
Morningstar
Silver
Zenith
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

The infrastructure asset class, when appropriately defined, is characterised by monopoly-like assets that face reliable demand and enjoy predictable cashflows. As a result, Magellan has established proprietary classification criteria to appropriately categorise securities as investment grade infrastructure, and thus eligible for inclusion in its portfolios or otherwise. Potential investments that meet these criteria are expected to achieve strong underlying financial performance over medium- to long-term timeframes, which should translate into reliable, inflation-linked investment returns.

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.

Determining the investment universe
Determining the investment universe
Assessing each potential investment's quality and intrinsic value
Assessing each potential investment's quality and intrinsic value
Allocating capital to the securities within the investment universe in an appropriate manner
Allocating capital to the securities within the investment universe in an appropriate manner

Determining the investment universe; Only securities that meet Magellan’s proprietary infrastructure classification criteria are included in the Magellan Infrastructure Fund (Currency Hedged) investable universe. In order for a security to meet this definition, its underlying business must provide a service that is essential to the efficient functioning of a community, while generating cash flows that are not subject to external risks such as commodity prices. Furthermore, Magellan evaluates other criteria, such as gearing levels, sovereign risk, regulatory risk and reporting transparency, which, if failed, will result in exclusion from the investment universe. Magellan believes that by excluding businesses that fail to meet these criteria, the universe consists purely of companies that enjoy reliable demand and generate predictable cash flows.

Assessing each potential investment's quality and intrinsic value; Each security in the investment universe is subjected to detailed analysis. This analysis includes evaluations of a company’s external environment, its business’s specific issues, its historical financial performance and its valuation.

Allocating capital to the securities within the investment universe in an appropriate manner; Portfolio construction is driven by the results of qualitative stock analysis, valuation, formal risk controls and factor risk management. The portfolio construction process focuses on long-term value rather than index-relative positioning.

The resulting portfolio provides investors with exposure to securities that meet Magellan’s infrastructure classification criteria, while giving consideration to each security’s quality and its price relative its assessed intrinsic value.

Growth of AUD $10,000

From inception to 31 January 2024

Important Information: Calculations are based on the monthly ASX released net asset value with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Fund Inception 19 July 2016. 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)
Since Inception**
(% PA)
Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) 9.29% -0.44% -1.63% 4.53% 3.13% 5.62% 4.69%
Benchmark* 8.09% -2.82% -2.76% 5.82% 3.60% 4.60% 4.20%
Out/Under Performance 1.20% 2.38% 1.13% -1.29% -0.47% 1.02% 0.49%

* The index is the S&P Global Infrastructure Index A$ Hedged Net.

** Fund Inception 19 July 2016.

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

Top 10

31 December 2023
6.6% Ferrovial SE
6.5% Aena SME SA
6.4% Transurban Group
6.4% Vinci SA
5.5% National Grid Plc
4.7% Severn Trent
4.4% United Utilities Group Plc
4.3% Norfolk Southern Corporation
4.3% Sempra Energy
3.6% American Tower Corporation
Date Estimated NAV Per Unit
22-Feb-2024 2.72
21-Feb-2024 2.73
20-Feb-2024 2.72
19-Feb-2024 2.70
16-Feb-2024 2.70
15-Feb-2024 2.70
14-Feb-2024 2.67
13-Feb-2024 2.66
12-Feb-2024 2.69
09-Feb-2024 2.67
Download historical MICH Estimated NAV per Unit
Date Distribution per unit Reinvestment price  
December 2023 5.8600 cents $2.7415  
June 2023 5.8400 cents $2.7648 Annual Fund Distributions 2023
December 2022 5.7900 cents $2.7572  
June 2022 5.7300 cents $2.9247 Annual Fund Distributions 2022
December 2021 5.8600 cents $3.0524  
June 2021 5.9500 cents $2.8535 Annual Fund Distributions 2021
December 2020 5.9500 cents $2.7567  
June 2020 7.0000 cents $2.7674 Annual Fund Distributions 2020
December 2019 4.7000 cents $3.2504  
June 2019 5.0000 cents $3.1708 Annual Fund Distributions 2019
December 2018 3.4500 cents $2.6698  
June 2018 5.0000 cents $2.7752 Annual Fund Distributions 2018
December 2017 2.6000 cents $2.7564  
June 2017 4.8800 cents $2.6580 Annual Fund Distributions 2017
December 2016 1.2500 cents $2.4177  
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 Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2024
31-Dec-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - Portfolio Holdings
31-Dec-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2023
30-Nov-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2023
31-Oct-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2023
30-Sep-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2023
31-Aug-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2023
31-Jul-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2023
30-Jun-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2023
31-May-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2023
30-Apr-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2023
31-Mar-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2023
28-Feb-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2023
31-Jan-2023 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2023
31-Dec-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2022
30-Nov-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2022
31-Oct-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2022
30-Sep-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2022
31-Aug-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2022
31-Jul-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2022
30-Jun-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2022
31-May-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2022
30-Apr-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2022
31-Mar-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2022
28-Feb-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2022
31-Jan-2022 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2022
31-Dec-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2021
30-Nov-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2021
31-Oct-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2021
30-Sep-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2021
31-Aug-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2021
31-Jul-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2021
30-Jun-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2021
31-May-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2021
30-Apr-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2021
31-Mar-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2021
28-Feb-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2021
31-Jan-2021 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2021
31-Dec-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2020
30-Nov-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2020
31-Oct-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2020
30-Sep-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2020
31-Aug-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2020
31-Jul-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2020
30-Jun-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2020
31-May-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2020
30-Apr-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2020
31-Mar-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2020
24-Mar-2020 Important: Magellan Infrastructure Fund (Currency Hedged) Update
29-Feb-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2020
31-Jan-2020 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2020
31-Dec-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2019
30-Nov-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2019
31-Oct-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2019
30-Sep-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2019
31-Aug-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2019
31-Jul-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2019
30-Jun-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2019
31-May-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2019
30-Apr-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2019
31-Mar-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2019
28-Feb-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2019
31-Jan-2019 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2019
31-Dec-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2018
30-Nov-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2018
31-Oct-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2018
30-Sep-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2018
31-Aug-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2018
31-Jul-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2018
30-Jun-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2018
31-May-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2018
30-Apr-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2018
31-Mar-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2018
28-Feb-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2018
31-Jan-2018 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2018
31-Dec-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - December 2017
30-Nov-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - November 2017
31-Oct-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - October 2017
30-Sep-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - September 2017
31-Aug-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - August 2017
31-Jul-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - July 2017
30-Jun-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - June 2017
31-May-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - May 2017
30-Apr-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - April 2017
31-Mar-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - March 2017
28-Feb-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - February 2017
31-Jan-2017 Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - January 2017
31-Dec-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - December 2016
30-Nov-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - November 2016
31-Oct-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - October 2016
30-Sep-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - September 2016
31-Aug-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - August 2016
31-Jul-2016 Magellan Infrastructure Fund (Currency Hedged) (ASX:MICH) Update - July 2016

ASX Announcements

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

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.

Invest through the ASX

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

For Existing Investors

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

You can invest by buying units on the Securities Exchange via your stockbroker/online broker.

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.

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.

As you will be investing via the Securities Exchange, there is no initial minimum investment amount.

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 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 enter and exit the Fund by buying and selling Units on the Securities Exchange. The price at which investors enter and exit the Fund will be the price at which they buy or sell the Units on the Securities Exchange.

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/

Why Global Listed Infrastructure?

Investing in companies that provide essential services to society and offer investors earning predictability, reliable returns, and low volatility.

Why Global Listed Infrastructure?

Unit Registry Enquiries

Link Market Services

Link Market Services provides a range of registry services such as the maintenance of unitholder records and the provision of enquiry facilities via mail, phone, fax and email.

Please contact Link Group directly for assistance with your unitholdings.

Investor Login
Telephone:
1800 206 847 (Australia)
Fax:
+61 2 9287 0303
Postal Address:
Locked Bag A14
Sydney South, NSW 1235

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 09/2023 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.

© 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 Infrastructure Fund (Currency Hedged) (MICH) is ‘Silver’ as of August 2022.

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned March 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

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