Exposure to a diversified core long holding of listed Global companies using an active systematic investment approach.
Investment Objectives
The primary objective of the Fund is to outperform the return of the MSCI All Country World ex Australia ex Tobacco ex Controversial Weapons Index (AUD) with net dividends reinvested over periods of three years or longer.
Investment Strategy
The Fund invests substantially all of its assets in the Vinva International Equity Fund, (the “Underlying Fund”), which is a registered managed investment scheme managed by Vinva. The Underlying Fund, in turn, invests substantially all of its assets in global listed securities (or derivatives that provide exposure to global listed securities or indices).
Fund Facts
Structure
Global Equity Fund, $AUD
Inception Date
22-October-2024
Fund size
AUD $0.5 million
22-October-2024
Management Fee
0.70% p.a
Distribution Frequency
Annually
ARSN
681 299 730
APIR Code
MGE9179AU
Buy / Sell Spread
0.25%/0.25%
Benchmark
MSCI All Country World ex Australia ex Tobacco ex Controversial Weapons Index (AUD)
Initial Minimum Investment
$25,000
Performance Fee
Not applicable.
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.
The Vinva Global Equity Fund (Class B) has a minimum investment of $20 million. The PDS for this Class is available on request. Please click here for more information.
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.
Benchmark Information
Materials provided by Magellan may use or reference data sourced from third parties. The following provisions apply to certain third-party data used by Magellan.
MSCI
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)
MSCI ESG
Certain information contained herein (the “Information”) is sourced from/copyright of MSCI Inc., MSCI ESG Research LLC, or their affiliates (“MSCI”), or information providers (together the “MSCI Parties”) and may have been used to calculate scores, signals, or other indicators. The Information is for internal use only and may not be reproduced or disseminated in whole or part without prior written permission. The Information may not be used for, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product, trading strategy, or index, nor should it be taken as an indication or guarantee of any future performance. MSCI has established an information barrier between index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user assumes the entire risk of any use it may make or permit to be made of the Information. No MSCI Party warrants or guarantees the originality, accuracy and/or completeness of the Information and each expressly disclaims all express or implied warranties. No MSCI Party shall have any liability for any errors or omissions in connection with any Information herein, or any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
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Investment philosophy
An active systematic investment approach which harvests returns from listed global companies using a disciplined and repeatable process.
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 returns 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 across a global universe of more than 2,800 stocks. 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.
Portfolio Construction
The Underlying Fund uses an actively managed, stock selection strategy that provides exposure to a diversified portfolio of global equities.
Skilled insights and intensive research process
Leading-edge investment technology
Dynamic portfolio construction and robust risk controls
Vinva’s portfolio construction process integrates stock ranking models, risk models and transaction cost forecasting into a systematic and proprietary dynamic optimisation process. Vinva’s models take into account changing market conditions, behaviour of other investors and liquidity opportunities on a continuous basis.
Vinva’s proprietary tools and models process data on an intra-day basis from hundreds of global sources. They seek to ensure that both overweight and underweight positions are deliberate and based on sound economic principles. By leveraging informed decision-making for thousands of potential global stocks, it creates a portfolio with hundreds of small active positions, rather than a more concentrated portfolio with larger and riskier stock positions.
The Underlying Fund’s portfolio typically includes over 400 investments and is managed to be style-neutral, meaning it is not expected to be significantly correlated with any single company, country, industry-specific, or macroeconomic risks.
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GPO Box 143
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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.
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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