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  5. Magellan Advantage Global - Managed fund profile

Magellan Advantage Global - Managed Fund (Closed)

Fund Objective
The primary objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss.
Fund Strategy
The Fund offers investors the opportunity to invest in a specialised and focused global equity fund. The Fund invests in the securities of companies listed on stock exchanges around the world, but will also have some exposure to cash. The Fund can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the portfolio. It is not the intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 0.55% 3.09% 3.89% 7.92% 11.99% 13.48% -% -%
Growth return 0.55% 3.09% -7.51% -3.93% 5.38% 7.41% -% -%
Income return 0% 0% 11.4% 11.85% 6.61% 6.07% -% -%
Market index (MSCI World Ex Australia NR AUD )
Total return 4.08% 7.88% 13.89% 22.26% 19.92% 11.2% 13.39% 13.61%
As at 31 Oct 2020. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Magellan Advantage Global
International Equities
91.07%
Cash
6.57%
Property
2.36%
Australian Equities
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
91.62%
Cash
3.60%
Property
1.80%
Australian Equities
2.74%
Fixed Interest
0.09%
Alternatives
0.14%

General Information

Fund Details
Type Description
Magellan Advantage Global (Wholesale)
Closed
IPAC Asset Management Limited
AMP2080AU
Equity World Large Blend
starstarstarstarstar (as at 31 Oct 2020)
Investment Fund
11 Feb 2016
n/a
$1.12565 (as at 23 Nov 2020)
$1.12407 (as at 23 Nov 2020)
Finalised
Offer information
Type Description
MER 1.62% (as at 30 Jun 2021)
Indirect Cost Ratio (ICR) 1.62% (as at 30 Jun 2021)
Performance fee (not included in ICR) 0.52
Minimum initial investment
Minimum redemption amount

Top 10 holdings (as at 30 Jun 2022)

Holding (as at 30 Jun 2022) Type % of Portfolio
Microsoft Corp Equity 7.77%
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FAQs about the Magellan Advantage Global

The objective of the Magellan Advantage Global managed fund is The primary objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss.

The strategy of the Magellan Advantage Global managed fund is The Fund offers investors the opportunity to invest in a specialised and focused global equity fund. The Fund invests in the securities of companies listed on stock exchanges around the world, but will also have some exposure to cash. The Fund can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the portfolio. It is not the intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets.

The APIR code of the Magellan Advantage Global managed fund is AMP2080AU.

Magellan Advantage Global’s total return last month was 0.55%. This was made up of a growth return of 0.55% and an income return of 0%. These returns were calculated as at 31 Oct 2020.

Magellan Advantage Global’s total return for the last three months was 3.09%. This was made up of a growth return of 3.09% and an income return of 0%%. These returns were calculated as at 31 Oct 2020.

Magellan Advantage Global’s one-year total return is 7.92%. This was made up of a growth return of -3.93% and an income return of 11.85%. These returns were calculated as at 31 Oct 2020.

Magellan Advantage Global’s one-year total return is 13.48%. This was made up of a growth return of 7.41% and an income return of 6.07%. These returns were calculated as at 31 Oct 2020.

The asset allocation of the Magellan Advantage Global managed fund is :

International Equities
91.07%
Cash
6.57%
Property
2.36%
Australian Equities
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Magellan Advantage Global managed fund is IPAC Asset Management Limited.

The Magellan Advantage Global managed fund belongs to the Equity World Large Blend sector/asset class.

As at , the size of the Magellan Advantage Global managed fund was $ million.

The Magellan Advantage Global managed fund has an inception date of 11 Feb 2016.

The current entry price of the Magellan Advantage Global managed fund is $1.12565 per unit and the current exit price is $1.12407 per unit (as at 23 Nov 2020).

The current exit price of the Magellan Advantage Global managed fund is $1.12407 per unit and the current entry price is $1.12565 per unit (as at 23 Nov 2020).

The minimum initial investment amount for the Magellan Advantage Global managed fund is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.