| Date | Net Asset Value | Entry | Exit |
|---|---|---|---|
| 02-Dec-2024 | 0.9965 | 1.0000 | 0.9930 |
| Download historical unit prices | |||
Investment Objectives
The investment objective of the Fund is to outperform the return of the S&P/ASX 300 Accumulation Index, after fees, over periods of three years or longer.
The Fund invests substantially all of its assets in the Vinva Australian Equity Alpha Extension Fund ARSN 147 934 352 (“Underlying Fund”) of which Vinva is the responsible entity and investment manager. The Underlying Fund’s portfolio will typically comprise more than 75 long investments and more than 25 short investments with a gross exposure of up to 160% of NAV.
Fund Facts
Structure
Australian Alpha Extension Fund, $AUD
Inception Date
2-December-2024
Fund size
AUD $0.5 million
2-December-2024
Management Fee
0.77% p.a
Distribution Frequency
Annually
ARSN
681 299 230
Buy / Sell Spread
0.35%/0.35%
Benchmark
S&P/ASX300 Accumulation Index
Initial Minimum Investment
$25,000
Performance Fee
Performance fees are not charged by the Responsible Entity to the Fund. However, performance fees may be payable to Vinva from the Underlying Fund. These performance fees are estimated to be 0.19% per annum of the Fund’s net asset value.
Investment Risks
All investments carry risk. While it is not possible to identify every risk relevant to an investment in a fund, we have provided details of risks in the fund's Product Disclosure Statement.
Transaction costs may also apply - refer to the Product Disclosure Statement. All management costs described above are inclusive of the estimated net effect of GST.
As investment manager of the Underlying Fund, Vinva’s systematic investment approach seeks to harvest returns from opportunities identified by their experienced investment team and data-driven research process. With the use of leading-edge technology and robust risk controls, Vinva implements these opportunities into its portfolios in a highly disciplined, repeatable and efficient way. These strategies are designed with the aim to deliver consistent outperformance through different market environments over time.
Vinva’s systematic investment approach leverages investment insights, markets trends, and relative mispricings that other investors may overlook. Their investment team identifies alpha opportunities by analysing large amounts of data from various sources. They develop insight-driven models, including stock ranking, risk, and transaction cost forecasting models, using over 50 proprietary signals. These models consider changing market conditions, investor behaviour, and liquidity opportunities.
Vinva aims to understand and analyse the relationships between data and predictions, which serve as buy or sell signals to inform investment decisions. Predictive signals evaluate each stock based on a wide range of criteria, such as earnings quality, balance sheet fundamentals, valuation, sentiment, and supply chain linkages. Some signals may be positive, others negative. Stocks with predominantly positive signals are strong candidates for portfolio inclusion. Securities with predominantly negative signals are strong candidates for being held as short positions.
Skilled insights and intensive research process
Leading edge investment technology
Dynamic portfolio construction and robust risk controls
The Fund invests substantially all of its assets in the Underlying Fund. The Underlying Fund’s universe of investible securities is typically the 300 largest listed companies on the ASX. The resultant portfolio of the Underlying Fund is typically expected to have exposure to over 120 securities (more than 75 securities long and over 25 securities short), with a gross exposure of up to 160% of the Underlying Fund’s net asset value. The Underlying Fund will also have some exposure to cash and cash equivalents.
Continuous Disclosure
Access the continuous disclosure information issued by Magellan Asset Management Limited in relation to this fund.
Read the Product Disclosure Statement prior to making any investment decisions.
Invest directly with the fund
Complete the PDF Application Form
You can complete the PDF form digitally, or print and complete manually. You will be guided by the Application Form if you also need to complete any CRS forms
Send application form to Apex Group
Apex Fund Services - Unit Registry
GPO Box 143
Sydney NSW 2001
Or via email to magellanfunds@apexgroup.com
Speak with your adviser/broker. To find an adviser, visit Financial Advice Association Australia.
You can apply directly with the Responsible Entity by sending an Application Form to the unit registry for the Fund.
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.
You should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) before making any decision on how to invest in the Fund.
A minimum initial investment of $25,000 applies for Vinva unlisted funds. A $500 minimum applies for additional investments by BPAY. A minimum of $5,000 applies to EFT and cheque payments.
You will receive your transaction confirmations from the Unit Registry, which will include your SRN. If you have invested directly with the Responsible Entity and have chosen to receive communication via email, you will receive confirmation of your investment from the Fund's unit registry (upon receipt of your correctly completed Application Form (or notice of additional investment) and cleared application monies.
During distribution periods (at the start of July and the start of January for some funds) receipt of your confirmation statement may be delayed by 10-15 business days.
The fund is subject to regular reporting and continuous disclosure obligations. The following information is available on our website:
- the Fund’s Annual Financial Report most recently lodged with ASIC;
- any Half Year Financial Report lodged with ASIC;
- information about distributions paid in relation to the Fund;
- monthly fund factsheets ;
- any continuous disclosure notices we lodge with ASIC.
You can withdraw some or all of your investment at any time, as long as the withdrawal request is for at least $5,000. To do this, you will need to complete a Withdrawal Form or written notice of withdrawal. You can request a specified dollar amount to be withdrawn, a specified number of units to be withdrawn, or a full redemption of your investment in the Fund. If your withdrawal request results in your remaining investment in the Fund falling below $5,000, we may require you to withdraw your entire balance.
The Responsible Entity intends that the Fund will make distributions on an annual basis, although the Fund may make distributions more or less frequently at the discretion of the Responsible Entity.
The distribution may comprise an amount attributed to you from income (such as dividends received from shares and interest) less expenses incurred by the Fund (such as management fees) plus net capital gains made on the sale of shares or other investments held. In some circumstances, the Fund may distribute a payment out of the capital invested in addition to a distribution of net income or net capital gains, or where the Fund has not generated any net income or net capital gains during the income year. The distribution amount per unit in each class in the Fund is calculated by dividing the total distribution in that class by the number of units on issue at the nominated record date. The distribution investors may receive will be based on the number of units they hold at the nominated record date. It is not pro-rated according to the time that investors have held their units.
The unit registry for the fund is Apex Fund Services
T | 1300 127 780 (or +61 2 8259 8566) or 0800 787 621 (NZ)
F | +61 2 9247 2822
E | magellanfunds@apexgroup.com
A| GPO Box 143, Sydney NSW 2001
Adviser Enquiries
T | +61 2 9235 4888
E | info@magellangroup.com.au
Unit Registry Enquiries
Apex Group
Apex 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 Apex Group directly for assistance with your unitholdings.
Investor LoginFax:
+61 2 9247 2822
Email:
Postal Address:
GPO Box 143
Sydney, NSW 2001
Sydney, NSW 2001
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.