Magellan Infrastructure Fund

Portfolio of 20 to 40 stocks that seeks to deliver the stable returns offered by the asset class, while protecting 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
Dominion Energy
Transurban Group
United Utilities Group Plc
Norfolk Southern
Ferrovial
National Grid
Sempra Energy
Severn Trent
Vinci

Fund Facts

Portfolio Manager
Gerald Stack
Gerald Stack
Structure
Infrastructure Fund, $AUD hedged
Inception Date
1-July-2007
Fund size
$1,628.5 million
30-Apr-2024
Management Fee
1.06%
Distribution Frequency
Semi-annually
APIR Code
MGE0002AU
Buy / Sell Spread
0.15%/0.15%
Benchmark
S&P Global Infrastructure Index A$ 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.

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’s 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 30 April 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.

30 April 2024
Performance 3 Months 6 Months 1 Year 3 Years
(% PA)
5 Years
(% PA)
7 Years
(% PA)
10 Years
(% PA)
Since Inception**
(% PA)
Magellan Infrastructure Fund -0.91% 8.24% -4.60% 1.15% 1.41% 3.80% 6.58% 6.55%
Benchmark* 4.96% 13.45% 0.22% 4.64% 3.10% 4.07% 5.69% 5.10%
Out/Under Performance -5.87% -5.21% -4.82% -3.49% -1.69% -0.27% 0.89% 1.45%

* As the UBS Developed Infrastructure and Utilities Net Total Return Index (hedged to AUD) ceased to be published from 31 March 2015, it was replaced by Magellan on 1 January 2015 with the S&P Global Infrastructure Index A$ Hedged Net Total Return.
** Inception date 1 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). 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 March 2024
6.9% Aena SME SA
6.8% Ferrovial SE
6.5% Vinci SA
5.3% Transurban Group
5.2% Severn Trent
4.7% National Grid Plc
4.4% Dominion Energy Inc
4.3% Norfolk Southern Corporation
4.3% Sempra Energy
4.3% United Utilities Group Plc
Date Net Asset Value Entry Exit
23-May-2024 1.2480 1.2499 1.2461
22-May-2024 1.2726 1.2745 1.2707
21-May-2024 1.2762 1.2781 1.2743
20-May-2024 1.2779 1.2798 1.2760
17-May-2024 1.2827 1.2846 1.2808
16-May-2024 1.2847 1.2866 1.2828
15-May-2024 1.2849 1.2868 1.2830
14-May-2024 1.2768 1.2787 1.2749
13-May-2024 1.2733 1.2752 1.2714
10-May-2024 1.2712 1.2731 1.2693
Download historical unit prices
Date Distribution per unit Reinvestment price  
December 2023 2.6600 cents $1.2427 Interim Fund Distributions – 31 December 2023
June 2023 2.6500 cents $1.2553 Annual Fund Distributions 2023
December 2022 2.6300 cents $1.2527  
June 2022 2.6000 cents $1.3284 Annual Fund Distributions 2022
December 2021 2.6600 cents $1.3865  
June 2021 2.7100 cents $1.2956 Annual Fund Distributions 2021
December 2020 2.7100 cents $1.2519  
June 2020 3.0000 cents $1.2528 Annual Fund Distributions 2020
December 2019 2.2000 cents $1.4829  
June 2019 2.2500 cents $1.4295 Annual Fund Distributions 2019
December 2018 1.5500 cents $1.2183  
June 2018 4.1662 cents $1.2622 Annual Fund Distributions 2018
December 2017 1.2000 cents $1.2802  
June 2017 10.2277 cents $1.2312 Annual Fund Distributions 2017
December 2016 1.0500 cents $1.1920  
June 2016 8.0891 cents $1.2386 Annual Fund Distributions 2016
December 2015 1.2000 cents $1.2006  
June 2015 2.0000 cents $1.1311 Annual Fund Distributions 2015
December 2014 0.9400 cents $1.1155  
June 2014 1.9500 cents $1.0333 Annual Fund Distributions 2014
December 2013 0.9100 cents $0.9364  
June 2013 1.9000 cents $0.8713 Annual Fund Distributions 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

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

Financial Reports

31-Dec-2023 Half Year Financial Report 2023/2024
30-Jun-2023 Annual Fund Financial Report 2023
31-Dec-2022 Half Year Financial Report 2022/2023
30-Jun-2022 Annual Fund Financial Report 2022
31-Dec-2021 Half Year Financial Report 2021/2022
30-Jun-2021 Annual Fund Financial Report 2021
31-Dec-2020 Half Year Financial Report 2020/2021
30-Jun-2020 Annual Fund Financial Report 2020
31-Dec-2019 Half Year Financial Report 2019/2020
30-Jun-2019 Annual Fund Financial Report 2019
31-Dec-2018 Half Year Financial Report 2018/2019
30-Jun-2018 Annual Fund Financial Report 2018
31-Dec-2017 Half Year Financial Report 2017/2018
30-Jun-2017 Annual Fund Financial Report 2017
31-Dec-2016 Half Year Fund Financial Report 2016/2017
30-Jun-2016 Annual Fund Financial Report 2016
31-Dec-2015 Half Year Fund Financial Report 2015/2016
30-Jun-2015 Annual Fund Financial Report 2015
31-Dec-2014 Half Year Fund Financial Report 2014/2015
30-Jun-2014 Annual Fund Financial Report 2014
31-Dec-2013 Half Year Fund Financial Report 2013/2014
30-Jun-2013 Annual Fund Financial Report 2013
31-Dec-2012 Half Year Fund Financial Report 2012/2013
30-Jun-2012 Annual Fund Financial Report 2012
31-Dec-2011 Half Year Fund Financial Report 2011/2012
30-Jun-2011 Annual Fund Financial Report 2011
31-Dec-2010 Half Year Fund Financial Report 2010/2011
30-Jun-2010 Annual Fund Financial Report 2010
30-Jun-2009 Annual Fund Financial Report 2009
31-Dec-2008 Half Year Fund Financial Report 2008/2009
30-Jun-2008 Annual Fund Financial Report 2008

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 directly with the fund

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 can apply directly with the Responsible Entity by sending an Application Form to the unit registry for the Fund.

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.

A minimum initial investment of $10,000 applies for each of Magellan's unlisted funds. A $500 minimum applies for additional investments by BPAY. A minimum of $5,000 applies to EFT and cheque payments.

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. 

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 fund is subject to regular reporting and continuous disclosure obligations. The following information is available on our website: 

  • the Fund’s Annual Financial Report most recently lodged with ASIC;
  • any Half Year Financial Report lodged with ASIC;
  • information about distributions paid in relation to the Fund;
  • monthly fund factsheets ; 
  • any continuous disclosure notices we lodge with ASIC.

You can withdraw some or all of your investment at any time, as long as the withdrawal request is for at least $5,000. To do this, you will need to complete a Withdrawal Form or written notice of withdrawal. You can request a specified dollar amount to be withdrawn, a specified number of units to be withdrawn, or a full redemption of your investment in the Fund. If your withdrawal request results in your remaining investment in the Fund falling below $5,000, we may require you to withdraw your entire balance.

The Responsible Entity intends to target a cash distribution which will be published on 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.

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 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

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 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.

© 2023 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 is ‘Silver’ as of July 2023.

The Zenith Investment Partners (“Zenith”) Australian Financial Services License No. 226872 rating (assigned March 2024) 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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