NOTICE OF TERMINATION OF THE MAGELLAN CORE ESG FUND (MANAGED FUND)
On 13 November 2024, the Board of Magellan Asset Management Limited (‘Magellan’), the responsible entity of the Magellan Core ESG Fund (Managed Fund) ARSN 645 514 110 (‘Fund’), announced its decision to terminate the Fund ('Termination').
The Fund was terminated effective Wednesday, 20 November 2024 ('Termination Date') pursuant to the Responsible Entity's power under the Fund's constitution ('Constitution') and pursuant to section 601NA of the Corporations Act. The Fund was removed from quotation on Cboe on 20 November 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). Inception date 11 December 2020 (inclusive). Past performance is not a reliable indicator of future performance.
31 October 2024
Performance
3 Months
6 Months
1 Year
3 Years (% p.a.)
Since Inception** (% p.a.)
Magellan Core ESG
2.15%
8.13%
21.62%
7.93%
11.77%
Benchmark*
2.14%
10.17%
29.22%
11.35%
14.44%
Out/Under Performance
0.01%
-2.04%
-7.60%
-3.42%
-2.67%
* Benchmark is the MSCI World NTR Index (AUD)
** Fund inception 11 December 2020 (inclusive)
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). Inception date 11 December 2020 (inclusive). Past performance is not a reliable indicator of future performance.
Last day for trading in units in the Fund and last day for applications / redemptions by the 2pm cut-off time
13 November 2024
Termination notice dispatched to unitholders in accordance with their communication preferences
13 November 2024
Effective date of the Termination of the Fund
20 November 2024
Fund is removed from quotation
After close of trading on 20 November 2024
Final distribution to be paid to investors
On or around 26 November 2024
Final tax statements dispatched to investors
By 31 December 2024
You will receive payment on or around 26 November to your nominated bank account noted on the fund’s unit registry. To update your bank account details, please contact the fund’s unit registry Automic Group.
Automic Group
T | 1300 408 792 (or +61 2 8072 1481)
F | +61 2 8072 1409
E | magellanfunds@automicgroup.com.au
A | GPO Box 2629, Sydney NSW 2001
Following the payment of the termination proceeds, investors will receive a redemption statement reflecting the value of the final payment received. Tax and periodic statements for the period from 1 July 2024 up until the termination date will be issued to you by 31 December 2024.
The costs associated with the Termination (except for the transaction costs of liquidating the Fund’s assets) will be paid by Magellan and will not be borne by the Fund.
For enquiries about your holdings, please contact the unit registry for the funds, Automic Group, at the details below :
Automic Group
T | 1300 408 792 (or +61 2 8072 1481)
F | +61 2 8072 1409
E | magellanfunds@automicgroup.com.au
A | GPO Box 2629, Sydney NSW 2001
Proceeds can be reinvested through applications into any of our other available investment funds, accessible via Magellan's fund overview page.
Unit Registry Enquiries
Automic
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 your unitholdings.
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.
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