MONTAKA GLOBAL EXTENSION FUND
(Quoted Managed Hedge Fund) (ASX:MKAX)

The Fund invests in a portfolio of quality global equities listed on major global exchanges (The Long Portfolio) purchased at a discount to Montaka Global's estimate of their intrinsic value. The Fund also seeks to profit through borrowing and short selling (The Short Portfolio) the securities of companies Montaka Global believes are, for example, deteriorating, misperceived and overvalued. From time to time, the Fund may employ tools to manage downside risk, including the purchase of listed put options and exchange traded funds.

The specific risks of investing in the Fund are described in section 5 of the PDS.

An active Exchange Traded Managed Fund (ETMF) is, most simply, a managed fund that is traded on a stock exchange such as the ASX. They are built like managed funds, but trade like shares, meaning that pricing is transparent and they can be bought and sold during any trading day just like ordinary shares.

Active ETMFs share many similarities with exchange traded funds (ETFs) but have one key difference: ETFs are “passively managed” and aim to track a particular benchmark or index, whereas ETMFs are “actively” managed by fund managers with the aim of outperforming a relevant benchmark.

You can purchase units in MKAX via your trading account or through your preferred broker subject to their minimum and brokerage fees.

Please note, Montaka Global are not a broker and as such cannot facilitate the buying or selling of MKAX units via the ASX.

Distributions are targeted to be paid semi-annually, being; end of calendar year and end of financial year. They should be received within 20 business days of each end of period.

Like an unlisted managed fund, the distributions might include income and realised capital gains of the fund and any additional amounts of cash, income or capital.

Yes. The default is for distributions to be reinvested, however you can choose to have them paid out in cash.

You can update your distribution election by logging in to your portfolio at  https://montaka.mainstreamfs.com/login/ and selecting the 'Payments & Tax' menu at the top of the screen. Then select ‘Reinvestment Plans’ and choose ‘Edit Instruction’. For cash elections, please update your banking instructions by selecting ‘Payment Instructions’ from the ‘Payments & Tax’ menu. This change can be applied to one or multiple holdings.

For security reasons if a holding is valued at greater than $50,000 or relates to a deceased estate then you will not be able to update this online and you will need to download a 'Request for Direct Credit of Payments' Form from the 'Forms' section.

If you are using the 'Single Holding' login then you will only be able to update these details if you have an 'Individual' holding valued less than $50,000.

For additional transparency, MKAX will disclose an indicative net asset value (iNAV) which is updated regularly during the trading day. The purpose of the iNAV is to provide investors with an intra-day view of the ‘fair value’ for the Fund. The iNAV will be updated for foreign exchange movements in the Fund’s portfolio of stocks and will also be updated in respect of stocks that have live market prices during the trading day. The Fund may use one or more other index futures, such as S&P futures, as a proxy to account for movements in the Fund’s exposure to certain stocks and derivatives that do not have live market prices during the ASX Trading Day.

You can access the iNAV on this page.

You can sell units in MKAX via your trading account or preferred broker, just like you would a share on the ASX.

Investors do not need to complete any paperwork or submit a redemption form. Settlement of the sale of units will occur in the same way as the sale of listed securities via the ASX CHESS settlement service on a T+2 cycle.

Please note Montaka Global are not a broker and as such cannot facilitate the buying or selling of MKAX via the ASX.

No commissions are paid by us to any financial advisers or brokers.