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
12/05/2022 5.6010 5.6066 5.1756 0.5533
11/05/2022 5.5796 5.5852 5.1558 0.5558
10/05/2022 5.5970 5.6026 5.1719 0.5538
09/05/2022 5.5952 5.6008 5.1703 0.5540
06/05/2022 5.6346 5.6402 5.2068 0.5495
05/05/2022 5.6494 5.6550 5.2201 0.5473
04/05/2022 5.7228 5.7285 5.2879 0.5386
03/05/2022 5.6845 5.6902 5.2525 0.5432
02/05/2022 5.6952 5.7009 5.2624 0.5419
29/04/2022 5.7204 5.7261 5.2858 0.5412
28/04/2022 5.8209 5.8267 5.3786 0.5141
27/04/2022 5.7366 5.7423 5.3008 0.5254
26/04/2022 5.7130 5.7187 5.2790 0.5285
22/04/2022 5.7339 5.7396 5.2984 0.0000
21/04/2022 5.7733 5.7791 5.3348 0.5206
20/04/2022 5.7807 5.7865 5.3416 0.5196
19/04/2022 5.7964 5.8022 5.3560 0.5176
14/04/2022 5.7663 5.7721 5.3284 0.0000
13/04/2022 5.7724 5.7782 5.3340 0.5209
12/04/2022 5.7356 5.7413 5.3000 0.5258
11/04/2022 5.7709 5.7767 5.3326 0.5211
08/04/2022 5.7968 5.8026 5.3566 0.5177
07/04/2022 5.7848 5.7906 5.3454 0.5193
06/04/2022 5.7682 5.7740 5.3300 0.5210
05/04/2022 5.7445 5.7502 5.3080 0.5241
04/04/2022 5.7705 5.7763 5.3320 0.5187
01/04/2022 5.7860 5.7918 5.3463 0.5187
31/03/2022 5.7716 5.7774 5.3347 0.5234
30/03/2022 5.7901 5.7959 5.3501 0.5210
29/03/2022 5.7947 5.8005 5.3544 0.5203
28/03/2022 5.7391 5.7448 5.3030 0.5278
25/03/2022 5.7078 5.7135 5.2741 0.0000
24/03/2022 5.6795 5.6852 5.2480 0.5407
23/03/2022 5.6404 5.6460 5.2119 0.5407
22/03/2022 5.6984 5.7041 5.2655 0.5332
21/03/2022 5.6834 5.6891 5.2516 0.5352
18/03/2022 5.7102 5.7159 5.2765 0.5318
17/03/2022 5.6820 5.6877 5.2504 0.5354
16/03/2022 5.6786 5.6843 5.2470 0.5356
15/03/2022 5.6469 5.6525 5.2181 0.5316
14/03/2022 5.5808 5.5864 5.1569 0.5376
11/03/2022 5.5560 5.5616 5.1340 0.5406
10/03/2022 5.5694 5.5750 5.1464 0.5390
09/03/2022 5.5967 5.6023 5.1717 0.5357
08/03/2022 5.5243 5.5298 5.1048 0.5444
07/03/2022 5.5365 5.5420 5.1160 0.5419
04/03/2022 5.6065 5.6121 5.1805 0.5330
03/03/2022 5.6387 5.6443 5.2102 0.5290
02/03/2022 5.6737 5.6794 5.2426 0.5247
01/03/2022 5.6396 5.6452 5.2111 0.5289
28/02/2022 5.7138 5.7195 5.2797 0.5220
25/02/2022 5.7234 5.7291 5.2886 0.5220
24/02/2022 5.6646 5.6703 5.2342 0.5268
23/02/2022 5.6255 5.6311 5.1982 0.5343
22/02/2022 5.6841 5.6898 5.2523 0.5270
21/02/2022 5.7039 5.7096 5.2706 0.5245
18/02/2022 5.7239 5.7296 5.2891 0.5220
17/02/2022 5.7367 5.7424 5.3010 0.5203
16/02/2022 5.7691 5.7749 5.3310 0.5175
15/02/2022 5.7730 5.7788 5.3346 0.5170
14/02/2022 5.7554 5.7612 5.3183 0.5194
11/02/2022 5.7725 5.7783 5.3342 0.5173
10/02/2022 5.7932 5.7990 5.3532 0.5145
09/02/2022 5.8753 5.8812 5.4291 0.5020
08/02/2022 5.8390 5.8448 5.3956 0.5068
07/02/2022 5.8317 5.8375 5.3888 0.5078
04/02/2022 5.8762 5.8821 5.4297 0.5012
03/02/2022 5.8634 5.8693 5.4178 0.5029
02/02/2022 5.9455 5.9514 5.4937 0.4916
01/02/2022 5.9093 5.9152 5.4602 0.4967
31/01/2022 5.9362 5.9421 5.4852 0.4955
28/01/2022 5.8863 5.8922 5.4391 0.0000
27/01/2022 5.8003 5.8061 5.3596 0.5025
25/01/2022 5.7712 5.7770 5.3327 0.0000
24/01/2022 5.8157 5.8215 5.3739 0.5004
21/01/2022 5.8344 5.8402 5.3912 0.4979
20/01/2022 5.8718 5.8777 5.4258 0.4887
19/01/2022 5.8940 5.8999 5.4462 0.4856
18/01/2022 5.9112 5.9171 5.4621 0.4832
17/01/2022 5.9490 5.9549 5.4971 0.4777
14/01/2022 5.9399 5.9458 5.4887 0.4791
13/01/2022 5.9240 5.9299 5.4740 0.4814
12/01/2022 5.9494 5.9553 5.4975 0.4778
11/01/2022 5.9631 5.9691 5.5102 0.4758
10/01/2022 5.9799 5.9859 5.5254 0.4727
07/01/2022 6.0051 6.0111 5.5486 0.4691
06/01/2022 6.0111 6.0171 5.5542 0.4682
05/01/2022 5.9867 5.9927 5.5318 0.4719
04/01/2022 6.0421 6.0481 5.5830 0.4636
03/01/2022 6.0463 6.0523 5.5853 0.4591
31/12/2021 6.0463 6.0523 5.5853 0.0000
30/12/2021 6.0730 6.0791 5.6135 0.4538
29/12/2021 6.0650 6.0711 5.6057 0.4538
28/12/2021 6.0170 6.0230 5.5580 0.4538
24/12/2021 6.0170 6.0230 5.5580 0.0000
23/12/2021 6.0142 6.0202 5.5554 0.4534
22/12/2021 6.0044 6.0104 5.5536 0.4453
21/12/2021 5.9976 6.0036 5.5469 0.4451
20/12/2021 5.9720 5.9780 5.5219 0.4446
17/12/2021 5.9769 5.9829 5.5267 0.4447
16/12/2021 5.9946 6.0006 5.5440 0.4450
15/12/2021 6.0046 6.0106 5.5537 0.4452
14/12/2021 5.9717 5.9777 5.5216 0.4446
13/12/2021 5.9915 5.9975 5.5411 0.4450
10/12/2021 5.9713 5.9773 5.5212 0.4446
09/12/2021 5.9559 5.9619 5.5061 0.4443
08/12/2021 5.9654 5.9714 5.5155 0.4445
07/12/2021 5.9723 5.9783 5.5223 0.4445
06/12/2021 5.9413 5.9472 5.4931 0.4428
03/12/2021 5.8754 5.8813 5.4290 0.4465
02/12/2021 5.8509 5.8568 5.4064 0.4495
01/12/2021 5.8022 5.8080 5.3612 0.4557
30/11/2021 5.8466 5.8524 5.4024 0.4525
29/11/2021 5.9282 5.9341 5.4841 0.4386
26/11/2021 5.8978 5.9037 5.4547 0.4376
25/11/2021 5.9661 5.9721 5.5211 0.4395
24/11/2021 5.9600 5.9660 5.5151 0.4394
23/11/2021 5.9379 5.9438 5.4935 0.4388
22/11/2021 5.9217 5.9276 5.4778 0.4384
19/11/2021 5.9420 5.9479 5.4975 0.4389
18/11/2021 5.9521 5.9581 5.5075 0.4392
17/11/2021 5.9664 5.9724 5.5214 0.4395
16/11/2021 5.9664 5.9724 5.5214 0.4395
15/11/2021 5.9623 5.9683 5.5174 0.4394
12/11/2021 5.9566 5.9626 5.5119 0.4392
11/11/2021 5.9424 5.9483 5.4980 0.4389
10/11/2021 5.9505 5.9565 5.5059 0.4391
09/11/2021 5.9412 5.9471 5.4968 0.4389
08/11/2021 5.9279 5.9338 5.4838 0.4385
05/11/2021 5.9486 5.9545 5.5041 0.4390
04/11/2021 5.9251 5.9310 5.4810 0.4386
03/11/2021 5.9084 5.9143 5.4648 0.4381
02/11/2021 5.9043 5.9102 5.4618 0.4370
01/11/2021 5.8626 5.8685 5.4172 0.4420
29/10/2021 5.8676 5.8735 5.4218 0.4437
28/10/2021 5.8627 5.8686 5.4209 0.4365
27/10/2021 5.8496 5.8554 5.4074 0.4368
26/10/2021 5.8617 5.8676 5.4199 0.4364
25/10/2021 5.8549 5.8608 5.4132 0.4363
22/10/2021 5.8675 5.8734 5.4255 0.4366
21/10/2021 5.8629 5.8688 5.4211 0.4364
20/10/2021 5.8548 5.8607 5.4131 0.4362
19/10/2021 5.8514 5.8573 5.4094 0.4366
18/10/2021 5.8450 5.8508 5.4021 0.4375
15/10/2021 5.8439 5.8497 5.4008 0.4377
14/10/2021 5.8376 5.8434 5.3942 0.4385
13/10/2021 5.8083 5.8141 5.3671 0.4423
12/10/2021 5.7865 5.7923 5.3470 0.4451
11/10/2021 5.7788 5.7846 5.3400 0.4461
08/10/2021 5.8184 5.8242 5.3766 0.4411
07/10/2021 5.8296 5.8354 5.3866 0.4391
06/10/2021 5.8250 5.8308 5.3823 0.4397
05/10/2021 5.7937 5.7995 5.3534 0.4437
04/10/2021 5.7765 5.7823 5.3375 0.4459
01/10/2021 5.7961 5.8019 5.3556 0.4435
30/09/2021 5.8011 5.8069 5.3603 0.4452
29/09/2021 5.8423 5.8481 5.3992 0.4377
28/09/2021 5.8048 5.8106 5.3637 0.4426
27/09/2021 5.8665 5.8724 5.4265 0.4346
24/09/2021 5.9024 5.9083 5.4669 0.4300
23/09/2021 5.8941 5.9000 5.4574 0.4311
22/09/2021 5.9010 5.9069 5.4652 0.4302
21/09/2021 5.9040 5.9099 5.4686 0.4298
20/09/2021 5.8780 5.8839 5.4393 0.4333
17/09/2021 5.9100 5.9159 5.4754 0.4291
16/09/2021 5.9435 5.9494 5.5133 0.4247
15/09/2021 5.9313 5.9372 5.4994 0.4264
14/09/2021 5.9461 5.9520 5.5161 0.4244
13/09/2021 5.9417 5.9476 5.5112 0.4250
10/09/2021 5.9361 5.9420 5.5048 0.0000
09/09/2021 5.9704 5.9764 5.5436 0.4213
08/09/2021 6.0120 6.0180 5.5899 0.4165
07/09/2021 5.9726 5.9786 5.5460 0.4210
06/09/2021 5.9776 5.9836 5.5522 0.4198
03/09/2021 5.9699 5.9759 5.5436 0.4208
02/09/2021 5.9981 6.0041 5.5754 0.4171
01/09/2021 6.0128 6.0188 5.5897 0.4175
31/08/2021 6.0084 6.0144 5.5871 0.4182
30/08/2021 6.0065 6.0125 5.5850 0.4159
27/08/2021 5.9906 5.9966 5.5676 0.4173
26/08/2021 5.9874 5.9934 5.5640 0.4178
25/08/2021 6.0046 6.0106 5.5835 0.4155
24/08/2021 6.0171 6.0231 5.5934 0.4182
23/08/2021 6.0430 6.0490 5.6133 0.4241
20/08/2021 6.0564 6.0625 5.6238 0.4270
19/08/2021 6.0323 6.0383 5.6052 0.4215
18/08/2021 6.0075 6.0135 5.5862 0.4157
17/08/2021 6.0192 6.0252 5.5952 0.4184
16/08/2021 6.0111 6.0171 5.5890 0.4165
13/08/2021 5.9858 5.9918 5.5620 0.4183
12/08/2021 5.9741 5.9801 5.5487 0.4198
11/08/2021 5.9619 5.9679 5.5349 0.4215
10/08/2021 5.9600 5.9660 5.5328 0.4217
09/08/2021 5.9724 5.9784 5.5467 0.4201
06/08/2021 5.9755 5.9815 5.5502 0.4198
05/08/2021 5.9609 5.9669 5.5342 0.4212
04/08/2021 5.9452 5.9511 5.5165 0.4232
03/08/2021 5.9415 5.9474 5.5123 0.4237
02/08/2021 5.9482 5.9541 5.5199 0.4229
30/07/2021 5.9679 5.9739 5.5421 0.4227
29/07/2021 5.9580 5.9640 5.5426 0.4099
28/07/2021 5.9630 5.9690 5.5474 0.4101
27/07/2021 5.9598 5.9658 5.5443 0.4099
26/07/2021 5.9567 5.9627 5.5414 0.4098
23/07/2021 5.9783 5.9843 5.5620 0.4107
22/07/2021 5.9206 5.9265 5.5070 0.4081
21/07/2021 5.9159 5.9218 5.5028 0.4076
20/07/2021 5.9250 5.9309 5.5112 0.4083
19/07/2021 5.9067 5.9126 5.4959 0.4053
16/07/2021 5.9531 5.9591 5.5380 0.4096
15/07/2021 5.9343 5.9402 5.5200 0.4087
14/07/2021 5.9212 5.9271 5.5076 0.4081
13/07/2021 5.9130 5.9189 5.5008 0.4067
12/07/2021 5.9004 5.9063 5.4913 0.4036
09/07/2021 5.8914 5.8973 5.4846 0.4013
08/07/2021 5.8843 5.8902 5.4793 0.3995
07/07/2021 5.9000 5.9059 5.4913 0.4032
06/07/2021 5.8741 5.8800 5.4707 0.3979
05/07/2021 5.8622 5.8681 5.4618 0.3948
02/07/2021 5.8592 5.8651 5.4598 0.3940
01/07/2021 5.8433 5.8491 5.4449 0.3929
30/06/2021 5.8286 5.8344 5.4285 0.3947
29/06/2021 5.8491 5.8549 5.4539 0.3897
28/06/2021 5.8563 5.8622 5.4605 0.3902
25/06/2021 5.8506 5.8565 5.4553 0.3898
24/06/2021 5.8329 5.8387 5.4389 0.3886
23/06/2021 5.8099 5.8157 5.4175 0.3870
22/06/2021 5.8500 5.8559 5.4548 0.3897
21/06/2021 5.8473 5.8531 5.4523 0.3895
18/06/2021 5.8351 5.8409 5.4409 0.3887
17/06/2021 5.8698 5.8757 5.4733 0.3910
16/06/2021 5.8202 5.8260 5.4270 0.3877
15/06/2021 5.8523 5.8582 5.4569 0.3899
11/06/2021 5.8220 5.8278 5.4288 0.3878
10/06/2021 5.8061 5.8119 5.4140 0.3867
09/06/2021 5.7906 5.7964 5.3995 0.3856
08/06/2021 5.7676 5.7734 5.3781 0.3840
07/06/2021 5.7788 5.7846 5.3886 0.3848
04/06/2021 5.7750 5.7808 5.3851 0.3845
03/06/2021 5.7693 5.7751 5.3798 0.3841
02/06/2021 5.7583 5.7641 5.3689 0.3840
01/06/2021 5.7372 5.7429 5.3456 0.3862

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

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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

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