Funds

Global Equities strategy

Magellan’s Global Equities strategy offers investors the opportunity to invest in a specialised and focused global equity portfolio. The Global Equities strategy’s investment objective is to achieve attractive risk-adjusted returns over the medium to long term while reducing the risk of a permanent capital loss. To achieve this, Magellan undertakes rigorous company research to identify what it assesses to be high-quality companies with enduring competitive advantages. This, combined with an assessment of the macroeconomic environment and a disciplined risk-controlled approach to portfolio construction, results in a focused portfolio of high-quality global equity stocks.

The Global Equities strategy is available in listed and unlisted form and where foreign currency exposures are hedged, unhedged or at the discretion of the manager.
 

  Magellan Global Fund Magellan Global Fund (Hedged) Magellan Global Equities Fund (Managed Fund) (ASX:MGE) Magellan Global Equities Fund (Currency Hedged) (Managed fund) (ASX:Mhg) Magellan High Conviction Fund Magellan Global
Trust (ASX:MGG)
Listed or unlisted Unlisted Unlisted Listed Listed Unlisted Listed
Number of companies 20-40 20-40 20-40 20-40 8-12 15-35
Maximum cash level 20% 20% 20% 20% 50% 50%
Currency hedging Unhedged Hedged Unhedged Hedged Flexible Flexible
Distribution policy Paid annually Paid annually Paid annually Paid annually Paid annually Target cash yield of 4% per annum paid semi-annually
Management and administration fee 1.35% 1.35% 1.35% 1.35% 1.50% 1.35%

 

Global Infrastructure strategy

Magellan’s Global Infrastructure strategy offers investors the opportunity to invest in a specialised and focused global listed infrastructure portfolio the aim of which is to achieve attractive risk-adjusted returns over the medium to long term while reducing the risk of permanent capital loss.

Magellan believes that infrastructure assets, with requisite earnings reliability and a linkage of earnings to inflation, offer an attractive, long-term investment proposition. Magellan has established a proprietary classification criteria to define infrastructure which seeks to identify outstanding companies that exhibit reliable demand and stable cash flow generation.  Importantly, these criteria exclude companies where Magellan has assessed their earnings to have material direct exposure to commodity prices, competitive pressure or sovereign risk. We believe applying a disciplined, clearly defined set of parameters to capture the desired characteristics of infrastructure provides a solid framework for generating attractive, stable returns over the long term.

The Global Infrastructure strategy is available in listed and unlisted form and where foreign currency exposures are hedged or unhedged.

  Magellan
Infrastructure Fund
Magellan
Infrastructure Fund (Unhedged)
Magellan Infrastructure
Fund (Currency Hedged) (Managed Fund) (ASX:MICH)
Listed or unlisted Unlisted Unlisted Listed
Number of companies 20-40 20-40 20-40
Maximum cash level 20% 20% 20%
Currency hedging Hedged Unhedged Hedged
Distribution policy Paid semi-annually Paid semi-annually Paid semi-annually
Management and administration fee 1.05% 1.05% 1.05%

Global equity funds

Listed

Unlisted

Global infrastructure funds

Listed

Unlisted

Fund performance

30 Sep 2018
Fund 3 Months 6 Months 1 Year 3 Years (% pa) 5 Years (% pa) 7 Years (% pa) 10 Years (% pa) Since Inception (% pa) Inception date Chart
Magellan Global Fund 8.99% 17.07% 25.53% 12.01% 15.89% 19.23% 13.73% 12.15% 1/7/2007
Magellan Global Fund (Hedged) 6.82% 11.49% 16.47% 14.07% 12.54% 12.53% 1/7/2013
Magellan Global Equities Fund (Managed Fund) (ASX:MGE) 8.94% 17.00% 25.43% 12.10% 11.46% 2/3/2015
Magellan Global Equities Fund (Currency Hedged) (Managed Fund) (ASX:MHG) 6.88% 11.53% 16.39% 14.23% 10.87% 4/8/2015
Magellan Global Trust (ASX: MGG) 7.61% 14.14% 19.86% 18/10/2017
Magellan Infrastructure Fund - 0.16% 4.75% 5.74% 9.92% 12.67% 13.75% 11.33% 8.23% 1/7/2007
Magellan Infrastructure Fund (Unhedged) 1.21% 6.46% 10.22% 7.87% 14.03% 14.11% 1/7/2013
Magellan Infrastructure Fund (Currency Hedged) (Managed Fund) (ASX:MICH) - 0.13% 4.73% 5.72% 7.03% 19/7/2016
Magellan High Conviction Fund 6.64% 13.82% 22.53% 14.51% 17.78% 17.38% 1/7/2013

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).

Fund Date Net asset value Entry Exit Price history
Magellan Global Fund 16 Oct 2018 2.2592 2.2615 2.2569 View history
Magellan Global Fund (Hedged) 16 Oct 2018 1.5787 1.5803 1.5771 View history
Magellan Infrastructure Fund 16 Oct 2018 1.2389 1.2408 1.2370 View history
Magellan Infrastructure Fund (Unhedged) 16 Oct 2018 1.7308 1.7334 1.7282 View history
Magellan High Conviction Fund 16 Oct 2018 1.7777 1.7795 1.7759 View history

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