Magellan FuturePay
A growing monthly income, now and into the future

Fund & performance

Invest in the world's best

Investment Objective

The primary objectives of the Fund are to provide investors with predictable, monthly distributions that grow with inflation, while reducing the risk of permanent capital loss.

 

FuturePay  is an innovative, new, listed, actively-managed fund which aims to deliver investors: a predictable monthly income that grows with inflation, driven by returns and capital growth, with a focus on downside protection. This is underpinned by a reserving strategy and on-going income support, together with daily access to capital.

Fund Facts

Portfolio manager
Inception date
2 June 2021
FuturePay Size
$17.30 million 30 Jun 2022
Support Trust Size
$2.55 million 30 Jun 2022
Cboe Ticker
FPAY
Market Data Tickers
  Units
Bloomberg FPAY AU EQUITY
Refinitiv FPAY.CHA
IRESS FPAY.CXA
Entry costs
Buy spread: 0.10%
Exit costs
Sell spread: 0.10%***
(only applicable to investors who apply for units directly with the Fund)
APIR Code
MGE9989AU
ARSN
649 688 693
Management fee
1.00% p.a. of FuturePay's portfolio value
Performance Fee
There is no performance fee

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.

*** Sell spread is applied to the NAV per Unit less the Mutualisation Amount

^ Income Yield is calculated daily: Target Monthly Income x 12 / estimated NAV per Unit

The SUPPORT TRUST COVERAGE is the number of months over which the support trust could fund 100% of the Target Monthly Income of FuturePay and is calculated as the Net Asset Value of the Support Trust divided by the product of the number of Units on Issue and the Target Monthly Income

Research ratings 1

Lonsec

Approved

Plan for Life

Recommended 

See Research house ratings disclaimers

Please email your Magellan representative for a copy of a research report.

Performance

30 June 2022
Performance 3 Months 6 Months 1 Year Since Inception
(% PA)
FuturePay NAV* -4.26% -7.95% -2.17% -0.56%
Investor return** -11.45% -14.87% -9.51% -7.50%

*Calculations are based on NAV prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees, entry fees (if applicable) and the Mutualisation Amount. Inception date 2 June 2021 (inclusive).

**The Investor return shows the impact of the Mutualisation Amount on the performance of FuturePay. The calculation is based on exit prices with distributions reinvested, but on the basis that the Mutualisation Amount is only applied on the last day of the period, after ongoing fees but excluding individual tax, member fees and entry fees (if applicable). Inception date 2 June 2021 (inclusive).

Growth of AUD $10,000
30 June 2022

*Calculations are based on NAV prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees, entry fees (if applicable) and the Mutualisation Amount. Inception date 2 June 2021 (inclusive).

Unit Prices

Date Net Asset Value Entry Exit Value of Support Trust Rights per Unit
27/07/2022 5.6427 5.6427 5.6427 0.0000
20/07/2022 5.6426 5.6482 5.6370 0.0000
19/07/2022 5.6426 5.6482 5.6370 0.0000
18/07/2022 5.6426 5.6482 5.6370 0.0000
15/07/2022 5.6418 5.6474 5.6362 0.0002
14/07/2022 5.6414 5.6470 5.6356 0.0002
13/07/2022 5.4886 5.4941 5.0715 0.5568
12/07/2022 5.5040 5.5095 5.0860 0.5554
11/07/2022 5.5304 5.5359 5.1104 0.5526
08/07/2022 5.5023 5.5078 5.0845 0.5556
07/07/2022 5.5128 5.5183 5.0942 0.5544
06/07/2022 5.5133 5.5188 5.0943 0.5539
05/07/2022 5.4840 5.4895 5.0672 0.5571
04/07/2022 5.5067 5.5122 5.0883 0.5546
01/07/2022 5.5289 5.5344 5.1088 0.5522
30/06/2022 5.4652 5.4707 5.0499 0.5610
29/06/2022 5.4989 5.5044 5.0813 0.5644
28/06/2022 5.4861 5.4916 5.0692 0.5655
27/06/2022 5.5274 5.5329 5.1075 0.5610
24/06/2022 5.5197 5.5252 5.1004 0.5618
23/06/2022 5.4265 5.4319 5.0143 0.5718
22/06/2022 5.3785 5.3839 4.9699 0.5768
21/06/2022 5.3488 5.3541 4.9425 0.5798
20/06/2022 5.3121 5.3174 4.9085 0.5835
17/06/2022 5.3155 5.3208 4.9118 0.5832
16/06/2022 5.2932 5.2985 4.8911 0.5854
15/06/2022 5.3750 5.3804 4.9668 0.5771
14/06/2022 5.3495 5.3548 4.9433 0.5797
10/06/2022 5.5065 5.5120 5.0883 0.0000
09/06/2022 5.5706 5.5762 5.1475 0.5555
08/06/2022 5.6247 5.6303 5.1975 0.5493
07/06/2022 5.6552 5.6609 5.2258 0.5458
06/06/2022 5.6466 5.6522 5.2175 0.5463
03/06/2022 5.6258 5.6314 5.1983 0.5488
02/06/2022 5.6552 5.6609 5.2255 0.5454
01/06/2022 5.6327 5.6383 5.2047 0.5465
31/05/2022 5.6857 5.6914 5.2536 0.5425
30/05/2022 5.7087 5.7144 5.2749 0.5430
27/05/2022 5.7166 5.7223 5.2823 0.5421
26/05/2022 5.6898 5.6955 5.2575 0.5453
25/05/2022 5.6588 5.6645 5.2289 0.5490
24/05/2022 5.6525 5.6582 5.2231 0.5497
23/05/2022 5.6425 5.6481 5.2139 0.5510
20/05/2022 5.6039 5.6095 5.1782 0.5555
19/05/2022 5.5709 5.5765 5.1477 0.5592
18/05/2022 5.6084 5.6140 5.1824 0.5524
17/05/2022 5.6845 5.6902 5.2526 0.5435
16/05/2022 5.6616 5.6673 5.2316 0.5462
13/05/2022 5.6640 5.6697 5.2338 0.5460

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.

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.

Period Distribution per unit Reinvestment price Payment date Payment Notice Annual Fund Distributions
July 2022 564.26513 cents 27/07/2022 Download
June 2022 2.13300 cents $5.52890 15/07/2022 Download Download
May 2022 2.13300 cents $5.63270 15/06/2022 Download
April 2022 2.08900 cents $5.69520 13/05/2022 Download
March 2022 2.08900 cents $5.78600 14/04/2022 Download
February 2022 2.08900 cents $5.63960 15/03/2022 Download
January 2022 2.06100 cents $5.90930 15/02/2022 Download
December 2021 2.06100 cents $6.04210 14/01/2022 Download
November 2021 2.06100 cents $5.80220 15/12/2021 Download
October 2021 2.05000 cents $5.86260 15/11/2021 Download
September 2021 2.05000 cents $5.79610 15/10/2021 Download
August 2021 2.05000 cents 15/09/2021 Download
July 2021 2.03000 cents 13/08/2021 Download
June 2021 2.03000 cents 15/07/2021 Download Download

Invest now

Magellan has announced the closure of Magellan FuturePay effective 20 July 2022. For more information about the closure and consequences for investors please click here

Important Information:  Units in the fund referred to herein are issued by Magellan Asset Management Limited ABN 31 120 593 946, AFS Licence No. 304 301 ('Magellan'). This information must not be construed as investment advice or as an investment recommendation. The information on this website does not take into account your investment objectives, financial situation or particular needs. This information does not constitute an offer or inducement to engage in an investment activity nor does it form part of any offer documentation, offer or invitation to purchase, sell or subscribe for interests in any type of investment product or service. 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. Past performance is not necessarily indicative of future results and no person guarantees the future performance of the fund, the amount or timing of any return from it, that asset allocations will be met, that it will be able to implement its investment strategy or that its investment objectives will be achieved. Magellan makes no guarantee on the value of the fund or that the target cash distribution will be met.  Statements contained in this website that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Magellan. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. This website may contain 'forward-looking statements'. Actual events or results or the actual performance of a Magellan financial product or service may differ materially from those reflected or contemplated in such forward-looking statements. No representation or warranty is made with respect to the accuracy or completeness of any of the information contained in this website. Magellan will not be responsible or liable for any losses arising from your use or reliance upon any part of the information contained in this website. This website and the information contained within it may not be reproduced, or disclosed, in whole or in part, without the prior written consent of Magellan.