Magellan Sustainable Fund (Ticker:MSUF)

A portfolio of 20 to 50 high quality global companies within a framework that considers Environmental, Social and Governance (ESG) risks. The Fund has dramatically lower carbon risks than global markets, and is designed to achieve attractive risk-adjusted returns and preserve capital in adverse markets.

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Investment objectives

Sustainable Fund Flyer

Find out more information.

Read more (PDF)

The investment objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term while reducing the risk of permanent capital loss. These objectives incorporate consideration of environmental, social and governance risks and the application of a proprietary low carbon framework.

Low Carbon

Globally agreed climate goals provide the guiding framework for the Magellan Sustainable Fund. According to modelling by the Intergovernmental Panel on Climate Change (IPCC), implementation of the 2015 Paris Agreement to limit global post-industrial era temperature increases to 2 degrees Celsius will necessitate a 30% cut in global emissions intensity over the next five years and, by 2100, a carbon neutral world.

Magellan believes it is highly likely that the world will move further towards addressing climate change risks by reducing carbon emissions. Climate change is therefore an increasingly important issue for global companies and investors, with the potential to profoundly affect business models through government regulation (eg carbon pricing), technology and changes in consumption patterns. These factors directly and indirectly impact the relative cost of companies’ products and services, customer demand, and pricing power.

Magellan incorporates a proprietary low carbon overlay in portfolio construction by:

  1. Screening out companies based on their carbon emissions intensity.
  2. Excluding companies with fossil fuel exposures or interests, such as for example companies engaged in the extraction, storage and transportation of fossil fuels.
  3. Limiting the overall carbon emissions of the portfolio through a portfolio emissions intensity cap. Both the company emissions and portfolio emissions caps will be revised over time to remain in line with evolving carbon reduction goals.

The caps and exclusions set a very high standard compared to global equities benchmarks. Magellan believes this is appropriate given the magnitude of the risks associated with climate change and the ambitious nature of globally agreed climate goals.

Magellan’s investment team conducts detailed due diligence on companies’ exposures under the caps and exclusions to verify their low carbon status. As a signatory of CDP’s climate change program, Magellan has access to detailed climate change reports and data on companies. Magellan is a signatory of the United Nations Principles for Responsible Investment (UNPRI).

Fund facts

Portfolio manager
Domenico Giuliano
Domenico Giuliano
Structure
Global Equity Fund
Fund size
$8.90 million 30 Sep 2021
Chi-X Ticker
MSUF Market Data Tickers
  Units
Bloomberg MSUF AU EQUITY
Thomson Reuters MSUF.CHA
IRESS MSUF.CXA
ICE iNav*
AUD $
Ticker details
  Indicative NAV
Bloomberg MSUFAUIV INDEX
Thomson Reuters MSUFAUiv.P
IRESS MSUF-AUINAV.NGIF
Solactive iNav
AUD $
Ticker details
  Indicative NAV
Bloomberg MSUFAIV
Thomson Reuters MSUFAUDINAV=SOLA
IRESS MSUFAUDINAV
More about iNAV
More information about iNav

The iNAV reflects the estimated NAV per Unit updated in respect of the Fund's portfolio stocks that have live market prices during the ASX Trading Day and for foreign exchange movements to the extent that the impact is not offset by the hedging of the Fund's foreign currency exposure.

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 Distribution Frequency ARSN
1.35% per annum Semi-annually 645 516 187
APIR Code
MGE4669AU
Benchmark
MSCI World Net Total Return Index (AUD)
Performance Fee

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

Click here for further information on the benchmark.

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 Chi-X 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. 

Investment philosophy

The Magellan Sustainable Fund adopts a long-term investment approach by investing in outstanding companies at attractive prices within a framework that considers Environmental, Social and Governance risks and delivers very low carbon exposure, while exercising a deep understanding of the macroeconomic environment to manage investment risk.

Magellan perceives outstanding companies to be those that have enduring competitive advantages that allow them to sustainably 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 Sustainable Fund will invest in companies that have relatively high price-to-earnings and price-to-book multiples, provided that their businesses are outstanding and their shares are trading at an appropriate discount to their assessed intrinsic value. Equities that appear undervalued on the basis of a low price-to-earnings or price-to-book multiples will often prove to be poor investments if the underlying business is fundamentally weak and exhibits poor returns on capital.

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

Magellan believes that an appropriately structured portfolio of 20 to 50 investments can provide sufficient diversification to ensure that investors are not overly correlated to any single company, industry-specific or macroeconomic risk.

Portfolio construction

The Magellan Sustainable Fund's investment process integrates four key disciplines:

The Magellan Sustainable Fund typically invests in companies with market capitalizations in excess of $US 5 billion.

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 Asset Management Conviction Scoring Matrix, to rank 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.

The Magellan Sustainable Fund considers a broad spectrum of environmental, social and governance (ESG) issues as part of its investment approach.

Performance

Growth of AUD $10,000
30 September 2021

** MSCI World Net Total Return Index (hedged to AUD).

Important Information: Calculations are based on exit prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Fund Inception 11 December 2020 (inclusive).

30 September 2021
Performance 3 Months 6 Months Since Inception**
(%)
Magellan Sustainable Fund (Ticker:MSUF) 4.17% 13.04% 15.22%
Benchmark* 3.92% 13.60% 20.43%
Out/Under Performance 0.25% -0.56% -5.21%

* MSCI World Net Total Return Index 
** Inception date 11 December 2020.

Important Information: Calculations are based on exit prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Fund Inception 11 December 2020 (inclusive).

Unit Prices

  
Date Net Asset Value Entry Exit
20/10/2021 2.8293 2.8313 2.8273
19/10/2021 2.8425 2.8445 2.8405
18/10/2021 2.8489 2.8509 2.8469
15/10/2021 2.8341 2.8361 2.8321
14/10/2021 2.8231 2.8251 2.8211
13/10/2021 2.8155 2.8175 2.8135
12/10/2021 2.8059 2.8079 2.8039
11/10/2021 2.8094 2.8114 2.8074
08/10/2021 2.8380 2.8400 2.8360
07/10/2021 2.8363 2.8383 2.8343
06/10/2021 2.8309 2.8329 2.8289
05/10/2021 2.8108 2.8128 2.8088
04/10/2021 2.7891 2.7911 2.7871
01/10/2021 2.8292 2.8312 2.8272
30/09/2021 2.8246 2.8266 2.8226
29/09/2021 2.8554 2.8574 2.8534
28/09/2021 2.8325 2.8345 2.8305
27/09/2021 2.8619 2.8639 2.8599
24/09/2021 2.8775 2.8795 2.8755
23/09/2021 2.8517 2.8537 2.8497
22/09/2021 2.8567 2.8587 2.8547
21/09/2021 2.8596 2.8616 2.8576
20/09/2021 2.8381 2.8401 2.8361
17/09/2021 2.8621 2.8641 2.8601
16/09/2021 2.8772 2.8792 2.8752
15/09/2021 2.8609 2.8629 2.8589
14/09/2021 2.8566 2.8586 2.8546
13/09/2021 2.8479 2.8499 2.8459
10/09/2021 2.8433 2.8453 2.8413
09/09/2021 2.8532 2.8552 2.8512
08/09/2021 2.8795 2.8815 2.8775
07/09/2021 2.8723 2.8743 2.8703
06/09/2021 2.8525 2.8545 2.8505
03/09/2021 2.8459 2.8479 2.8439
02/09/2021 2.8626 2.8646 2.8606
01/09/2021 2.8866 2.8886 2.8846
31/08/2021 2.8934 2.8954 2.8914
30/08/2021 2.8944 2.8964 2.8924
27/08/2021 2.8847 2.8867 2.8827
26/08/2021 2.8892 2.8912 2.8872
25/08/2021 2.8973 2.8993 2.8953
24/08/2021 2.9016 2.9036 2.8996
23/08/2021 2.9240 2.9260 2.9220
20/08/2021 2.9340 2.9361 2.9319
19/08/2021 2.9064 2.9084 2.9044
18/08/2021 2.8742 2.8762 2.8722
17/08/2021 2.8758 2.8778 2.8738
16/08/2021 2.8688 2.8708 2.8668
13/08/2021 2.8513 2.8533 2.8493
12/08/2021 2.8555 2.8575 2.8535
11/08/2021 2.8416 2.8436 2.8396
10/08/2021 2.8498 2.8518 2.8478
09/08/2021 2.8563 2.8583 2.8543
06/08/2021 2.8515 2.8535 2.8495
05/08/2021 2.8332 2.8352 2.8312
04/08/2021 2.8312 2.8332 2.8292
03/08/2021 2.8304 2.8324 2.8284
02/08/2021 2.8277 2.8297 2.8257
30/07/2021 2.8377 2.8397 2.8357
29/07/2021 2.8330 2.8350 2.8310
28/07/2021 2.8440 2.8460 2.8420
27/07/2021 2.8287 2.8307 2.8267
26/07/2021 2.8444 2.8464 2.8424
23/07/2021 2.8666 2.8686 2.8646
22/07/2021 2.8241 2.8261 2.8221
21/07/2021 2.8285 2.8305 2.8265
20/07/2021 2.8213 2.8233 2.8193
19/07/2021 2.8013 2.8033 2.7993
16/07/2021 2.8137 2.8157 2.8117
15/07/2021 2.8083 2.8103 2.8063
14/07/2021 2.7986 2.8006 2.7966
13/07/2021 2.7970 2.7990 2.7950
12/07/2021 2.7803 2.7822 2.7784
09/07/2021 2.7730 2.7749 2.7711
08/07/2021 2.7726 2.7745 2.7707
07/07/2021 2.7760 2.7779 2.7741
06/07/2021 2.7584 2.7603 2.7565
05/07/2021 2.7481 2.7500 2.7462
02/07/2021 2.7405 2.7424 2.7386
01/07/2021 2.7298 2.7317 2.7279
30/06/2021 (ex) 2.7115 2.7134 2.7096
30/06/2021 2.7615 2.7634 2.7596
29/06/2021 2.7702 2.7721 2.7683
28/06/2021 2.7541 2.7560 2.7522
25/06/2021 2.7340 2.7359 2.7321
24/06/2021 2.7304 2.7323 2.7285
23/06/2021 2.7139 2.7158 2.7120
22/06/2021 2.7429 2.7448 2.7410
21/06/2021 2.7298 2.7317 2.7279
18/06/2021 2.7297 2.7316 2.7278
17/06/2021 2.7277 2.7296 2.7258
16/06/2021 2.6785 2.6804 2.6766
15/06/2021 2.6962 2.6981 2.6943
11/06/2021 2.6766 2.6785 2.6747
10/06/2021 2.6602 2.6621 2.6583
09/06/2021 2.6508 2.6527 2.6489
08/06/2021 2.6483 2.6502 2.6464
07/06/2021 2.6446 2.6465 2.6427
04/06/2021 2.6497 2.6516 2.6478
03/06/2021 2.6501 2.6520 2.6482
02/06/2021 2.6383 2.6401 2.6365
01/06/2021 2.6304 2.6322 2.6286
31/05/2021 2.6373 2.6391 2.6355
28/05/2021 2.6472 2.6491 2.6453
27/05/2021 2.6305 2.6323 2.6287
26/05/2021 2.6459 2.6478 2.6440
25/05/2021 2.6388 2.6406 2.6370
24/05/2021 2.6331 2.6349 2.6313
21/05/2021 2.6183 2.6201 2.6165
20/05/2021 2.6177 2.6195 2.6159
19/05/2021 2.5928 2.5946 2.5910
18/05/2021 2.5821 2.5839 2.5803
17/05/2021 2.5972 2.5990 2.5954
14/05/2021 2.5996 2.6014 2.5978
13/05/2021 2.5787 2.5805 2.5769
12/05/2021 2.5607 2.5625 2.5589
11/05/2021 2.5689 2.5707 2.5671
10/05/2021 2.5766 2.5784 2.5748
07/05/2021 2.6061 2.6079 2.6043
06/05/2021 2.6228 2.6246 2.6210
05/05/2021 2.6063 2.6081 2.6045
04/05/2021 2.6298 2.6316 2.6280
03/05/2021 2.6362 2.6380 2.6344
30/04/2021 2.6486 2.6505 2.6467
29/04/2021 2.6463 2.6482 2.6444
28/04/2021 2.6219 2.6237 2.6201
27/04/2021 2.6191 2.6209 2.6173
26/04/2021 2.6097 2.6115 2.6079
23/04/2021 2.6412 2.6430 2.6394
22/04/2021 2.6298 2.6316 2.6280
21/04/2021 2.6283 2.6301 2.6265
20/04/2021 2.6280 2.6298 2.6262
19/04/2021 2.6344 2.6362 2.6326
16/04/2021 2.6486 2.6505 2.6467
15/04/2021 2.6291 2.6309 2.6273
14/04/2021 2.6154 2.6172 2.6136
13/04/2021 2.6518 2.6537 2.6499
12/04/2021 2.6511 2.6530 2.6492
09/04/2021 2.6413 2.6431 2.6395
08/04/2021 2.6342 2.6360 2.6324
07/04/2021 2.6161 2.6179 2.6143
06/04/2021 2.6021 2.6039 2.6003
01/04/2021 2.5806 2.5824 2.5788
31/03/2021 2.5449 2.5467 2.5431
30/03/2021 2.5420 2.5438 2.5402
29/03/2021 2.5482 2.5500 2.5464
26/03/2021 2.5356 2.5374 2.5338
25/03/2021 2.5316 2.5334 2.5298
24/03/2021 2.5208 2.5226 2.5190
23/03/2021 2.5226 2.5244 2.5208
22/03/2021 2.4958 2.4975 2.4941
19/03/2021 2.4808 2.4825 2.4791
18/03/2021 2.4657 2.4674 2.4640
17/03/2021 2.5186 2.5204 2.5168
16/03/2021 2.5040 2.5058 2.5022
15/03/2021 2.4965 2.4982 2.4948
12/03/2021 2.4821 2.4838 2.4804
11/03/2021 2.4945 2.4962 2.4928
10/03/2021 2.4852 2.4869 2.4835
09/03/2021 2.4792 2.4809 2.4775
08/03/2021 2.4539 2.4556 2.4522
05/03/2021 2.4766 2.4783 2.4749
04/03/2021 2.4152 2.4169 2.4135
03/03/2021 2.4252 2.4269 2.4235
02/03/2021 2.4473 2.4490 2.4456
01/03/2021 2.4672 2.4689 2.4655
26/02/2021 2.4427 2.4444 2.4410
25/02/2021 2.3890 2.3907 2.3873
24/02/2021 2.4291 2.4308 2.4274
23/02/2021 2.4322 2.4339 2.4305
22/02/2021 2.4274 2.4291 2.4257
19/02/2021 2.4741 2.4758 2.4724
18/02/2021 2.5308 2.5326 2.5290
17/02/2021 2.5408 2.5426 2.5390
16/02/2021 2.5329 2.5347 2.5311
15/02/2021 2.5329 2.5347 2.5311
12/02/2021 2.5388 2.5406 2.5370
11/02/2021 2.5340 2.5358 2.5322
10/02/2021 2.5420 2.5438 2.5402
09/02/2021 2.5389 2.5407 2.5371
08/02/2021 2.5334 2.5352 2.5316
05/02/2021 2.5569 2.5587 2.5551
04/02/2021 2.5737 2.5755 2.5719
03/02/2021 2.5647 2.5665 2.5629
02/02/2021 2.5555 2.5573 2.5537
01/02/2021 2.5261 2.5279 2.5243
29/01/2021 2.4672 2.4689 2.4655
28/01/2021 2.5090 2.5108 2.5072
27/01/2021 2.4991 2.5008 2.4974
25/01/2021 2.5418 2.5436 2.5400
22/01/2021 2.5058 2.5076 2.5040
21/01/2021 2.4931 2.4948 2.4914
20/01/2021 2.5020 2.5038 2.5002
19/01/2021 2.4650 2.4667 2.4633
18/01/2021 2.4459 2.4476 2.4442
15/01/2021 2.4407 2.4424 2.4390
14/01/2021 2.4226 2.4243 2.4209
13/01/2021 2.4371 2.4388 2.4354
12/01/2021 2.4274 2.4291 2.4257
11/01/2021 2.4548 2.4565 2.4531
08/01/2021 2.4537 2.4554 2.4520
07/01/2021 2.4439 2.4456 2.4422
06/01/2021 2.4328 2.4345 2.4311
04/01/2021 2.4551 2.4568 2.4534
31/12/2020 2.4673 2.4690 2.4656
30/12/2020 2.4734 2.4751 2.4717
29/12/2020 2.4884 2.4901 2.4867
24/12/2020 2.4511 2.4528 2.4494
23/12/2020 2.4723 2.4740 2.4706
22/12/2020 2.4946 2.4963 2.4929
21/12/2020 2.4857 2.4874 2.4840
18/12/2020 2.4876 2.4893 2.4859
17/12/2020 2.4921 2.4938 2.4904
16/12/2020 2.4961 2.4978 2.4944
15/12/2020 2.4818 2.4835 2.4801
14/12/2020 2.4780 2.4797 2.4763
11/12/2020 2.4897 2.4914 2.4880
10/12/2020 2.4966 2.4983 2.4949
Show all unit prices Hide additional unit prices Download the historical unit prices

Distribution history

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.

 

Date Distribution per unit Reinvestment price  
June 2021 5.0000 cents $2.7115 Annual Fund Distribution 2021

3 ways to access Magellan Sustainable Fund (Ticker:MSUF)

Invest through the Chi-X securities exchange
Invest directly with the Fund
Speak to a Financial Adviser

Magellan Sustainable Fund (Ticker:MSUF)

  1. View the indicative Net Asset Value (iNav) *

    ICE iNav*
    AUD $
    Ticker details
      Indicative NAV
    Bloomberg MSUFAUIV INDEX
    Thomson Reuters MSUFAUiv.P
    IRESS MSUF-AUINAV.NGIF
    Solactive iNav
    AUD $
    Ticker details
      Indicative NAV
    Bloomberg MSUFAIV
    Thomson Reuters MSUFAUDINAV=SOLA
    IRESS MSUFAUDINAV

    Important iNav information

  2. Check the current share price - MSUF

  3. Buy on the Chi-X securities exchange - Ticker Code MSUF

Investors should read the Product Disclosure Statement (PDS) prior to making any investment decisions.

Additional information and forms

Additional information

TMD - Magellan Sustainable Fund (Chi-X:MSUF) Financial Services Guide

Magellan Sustainable Fund (Ticker:MSUF)

  1. Read the Product Disclosure Statement (PDS)
  2. Click here to APPLY NOW and start your online application process.

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.

Additional information and forms

Additional information

TMD - Magellan Sustainable Fund (Chi-X:MSUF) Financial Services Guide

Additional forms Automic Withdrawal Form

Log into the online portal via the link below 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.

Access online portal

Magellan Sustainable Fund (Ticker:MSUF)

Speak with your adviser/broker. To find an adviser, visit the 'Financial Planning Association of Australia (FPA)' or 'Your best interests' website

New to Investing? Learn more about our global equities

  • Being a successful investor

    11 attributes we think lie behind Magellan’s long-term success in delivering competitive returns while protecting capital.

    Read article

  • Delivering outstanding results

    At Magellan, the key question we ask ourselves is: “What does the future look like?”. Our answer determines how we invest your money.

    Our global fund returns

  • Why global?

    The case for global investing rests largely on the belief that companies based outside Australia are expected to benefit the most from the key long-term shifts taking place all over the world.

    More on global investing

Investing with Magellan gives you easy access to outstanding global companies: Invest in the world's best.

FAQs

Chi-X Australia is an innovative Australian securities and derivatives exchange. Funds that are quoted on Chi-X can be bought and sold like any listed security via a stockbroker or online trading account.

Registry enquiries (Automic)

Automic Group

GPO Box 2629

Sydney NSW 2001

Email: magellanfunds@automicgroup.com.au

Fax: +61 2 8072 1409

Phone: 1300 408 792 (or +61 2 8072 1481)

There is no minimum investment amount if buying on the securities exchange. If applying directly with Magellan, the minimum investment amount is $10,000.

You have the choice of either buying units on the Securities Exchange (Ticker: MSUF) 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 PDS before making any decision on how to invest in the Fund.

We seek to be transparent with our clients and are making the following disclosures in relation to our listed funds:

  • Securities exchange announcements under each ticker code;
  • Estimated Net Asset Value ("NAV") per Unit published on Magellan's website daily;
  • Indicative intra-day NAV per Unit ("iNAV") published on Magellan's website daily and which is updated throughout the trading day;
  • Monthly fund factsheets on Magellan's website and on the securities exchange; and
  • The full portfolio on a quarterly basis with a delay period of no longer than two months on Magellan's website and on the securities exchange.

The Fund targets a cash distribution yield of 4% per annum. The Target Cash Distribution will be paid semi-annually (for the periods ending 30 June and 31 December each year), with the actual amount for each period determined by using the average of the month-end NAV per Unit over the two year rolling period.

Magellan intends to pay a Target Cash Distribution of $0.05 per unit for the first four distribution periods, being the six month period ending 30 June 2021, 31 December 2021, 30 June 2022 and 31 December 2022.

The Fund can hold up to 20% cash.

You can exit the Fund either by making a withdrawal request to the Responsible Entity using a Withdrawal Form or by selling units on the Securities Exchange (Ticker: MSUF) via your stockbroker or online broker. How you enter the Fund does not affect the method by which you can exit the Fund.

To make a withdrawal request with the Responsible Entity…
If you have a Securityholder Reference Number (SRN) or Investor Number
You will need to make a withdrawal request to the Unit Registry.
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 PDS or consult with your financial adviser before making any decision on how to invest in the Fund.

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.

Unit Registry Enquiries

Automic Group

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:

  • Applications or redemptions
  • Change of contact details
  • Change of bank account details

Investor Login

Email magellanfunds@automicgroup.com.au

Telephone 1300 408 792 (in Australia) +61 2 8072 1481 (International) +61 2 8072 1409 (Fax)