MONTAKA GLOBAL LONG ONLY FUND

ARSN: 604 883 418 (Previously known as Montgomery Global Fund)

An All-cap global equity fund that invests in a concentrated high-conviction portfolio of 15 to 30 businesses listed on major global stock exchanges. Minimum initial investment: $25,000.

OVERVIEW

HOW TO INVEST

Ready to invest?

Just click below to start your online application.

You can download the product disclosure statement (PDS) here.

Want to know more?

Click below to download the fund information pack.

If you prefer to talk it over, call us on the number below.

For assistance completing the application form, you can speak directly with the Administrator, Fundhost Limited on 02 8223 5400.

PERFORMANCE

  Montaka Global Long Only Fund MSCI World Net Total Return Index Out/Under performance
1 month (2.77%) (3.02%) 0.25%
3 months 5.30% 3.92% 1.38%
6 months 18.36% 13.60% 4.76%
12 months 23.58% 27.82% (4.24%)
2 years p.a. 10.30% 15.24% (4.94%)
3 years p.a. 8.78% 13.20% (4.42%)
4 years p.a. 11.44% 15.02% (3.58%)
5 years p.a. 12.57% 15.06% (2.49%)
Since inception 90.83% 104.60% (13.77%)
Since inception p.a. 10.89% 12.13% (1.24%)

As at 30 Sep 2021
Fund inception date: 1 July 2015
Performance is net of fees and assumes distributions are reinvested. Past performance is not an indicator of future performance.

Growth of $100,000 invested since inception

UNIT PRICE

Buy

$1.4277

Mid

$1.4241

Redeem

$1.4205

As at 15 Oct 2021. This fund is forward priced. The price you receive is based on the close of market prices.

DISTRIBUTION

Date Distribution (A$) per unit Reinvestment per unit
June 2021 1.0462 cents $1.32
June 2020 2.3207 cents $1.10
June 2019 15.5592 cents $1.17
June 2018 7.5200 cents $1.23
June 2017 12.0993 cents $1.09

FAQs

The Montaka Global Fund will typically invest in an all-cap portfolio of 15 to 30 high quality businesses listed on major global stock exchanges with a focus on North America, Western Europe, the United Kingdom, Japan, Hong Kong, Singapore and Australia. 

 

If an insufficient number of individual company names are appealing in terms of the prevailing share price relative to the Montaka Global’s assessment of their intrinsic value, we may consider the overall market ‘expensive’ and in an effort to preserve the market value of the portfolio, may allow the cash component of the portfolio to build.

 

While cash may represent as much as 30% of the Fund this limit can be exceeded during periods of relatively high cash inflows or during periods when the Montaka Global investible universe is unappealing in terms of margin of safety or in anticipation of extreme market dislocation.

 

Montaka Global may, on occasion, hedge the Fund against movements in the Australian Dollar and other currencies, but the default position is to remain unhedged.

Montaka Global Long Only Fund is an unlisted managed fund that issues you with units. Montaka Global Long Only Equities Fund (ASX:MOGL) is a listed fund, quoted on the ASX, and issue investors with units that can be traded at any time through an online trading account or through a stock broker.

While they are completely different trusts under separate investment vehicles, both funds share the same common investment strategy and we expect that performance will closely follow the equivalent listed Montaka Global Long Only Equities Fund (ASX:MOGL), as it maintains the same investment strategy, investment process and substantially the same portfolio.

A minimum initial investment of $25,000 is required.

 

You may also arrange to add to your initial investment through a lump sum additional investment, for which there is a minimum of $1,000, or direct debit monthly savings plan, requiring a minimum investment of $500 per month. This is processed on the 15th of each month or the next business day.

Any income distributions are paid semi-annually (as at 30 June and 31 December each year) and can be reinvested in full or paid out entirely to the financial institution account nominated on your application form. We distribute all taxable income to investors each year, including any taxable capital gains. Distributions may also carry imputation or other tax credits. There may be periods when net income could be negative and no distribution is made.

Our administrator, Fundhost, has a portal that investors can access to see their balance and download all statements. Once invested, you will be given registration details.

 

Access the Fundhost client log in here: Log In.

To redeem your holding, simply fill out the form and have it signed by the relevant signatory on the account. If Fundhost are paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption request. If not, then you need to return the original to the below address:

 

Fundhost Ltd.

PO Box N561

GROSVENOR PLACE NSW 1220

Click below to download:

Redemption Request Form

E: admin@fundhost.com.au

For any questions, please call Fundhost on 02 8223 5400

 

Notice period: In normal circumstances, redemptions are processed daily, with funds generally received back to the investor within 2 business days. The cut off to receive your redemption request to receive that days price is 4pm Sydney time. Please refer to the PDS for more information.

If you do not have an SMSF and want to invest your personal superannuation into the Montaka funds, you can get in touch with us and we will be happy to guide you through the process.

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

CONTACT US

Craig Morton

Chief Financial Officer

p: +612 7202 0099
e: cmorton@montaka.com

Matthew Briggs

Investment Specialist​

p: +612 7202 0093
e: mbriggs@montaka.com

If you are a current investor and need assistance with change of details, tax statements, additional investments or redemptions, please log in to Fundhost by clicking the button below. Alternatively, you can contact Fundhost on admin@fundhost.com.au or 02 8223 5400.

Montaka Global Pty Ltd, ABN 62 604 878 533, AFSL No. 516942 (previously known as MGIM Pty Ltd) is the investment manager and can be reached on 02 7202 0100 or email at office@montaka.com

DOCUMENTS

Product Disclosure Statement (PDS)

Information Booklet

Important Information: 14th October 2021

With regard to the Montaka Global Long Only Fund (Fund) issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of the following:

The component of the Fund that can be held in cash will now have a hard limit of 20% of funds under management.

The previous position as disclosed in the PDS, and previous promotional material allowed a soft limit of 30% cash which could be exceeded when the investible universe is unappealing in terms of margin of safety or in anticipation of extreme market dislocation. The Fund Manager will no longer have the flexibility to move to cash in times of market volatility beyond the 20% mark.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While these changes are not considered to be materially adverse to investors, they should be taken into account when making a decision to invest under the PDS.

Important Information: 14th September 2021

With regard to the Montaka Global Long Only Fund (Fund) issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of the following:

  • Paul Mason is no longer a shareholder of, or employed by Montaka Global.
  • The risk profile of the Fund has changed from high to medium-high risk.  This change was a result of a review of consistency with the Fund Target Market Determination.
  • Buy-sell spread information is now provided as part of annual periodic reporting.
  • Investor complaints will always be responded to as soon as practicable and in any event within 14 days.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While these changes are not considered to be materially adverse to investors, they should be taken into account when making a decision to invest under the PDS.

Important Information: 5th February 2021

With regard to the Montaka Global Long Only Fund issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of a name change for the Investment Manager from MGIM PTY LTD to Montaka Global Pty Ltd. This represents a name change only, the company and investment team remains the same.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While this change is not considered to be materially adverse to investors, it should be taken into account when making a decision to invest under the PDS.

To learn more about us please click below

You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.

Units in the Montaka Global Long Only Fund are issued by the Fund’s responsible entity Fund host Limited (ABN 69 092 517 087) (AFSL: 233045). Copies of the PDS are available by downloading them from this web page. Before making any decision to make or hold any investment in the Fund you should consider the PDS in full. An investment in the Fund must be through a valid application form attached to the PDS. You should not base an investment decision simply on past performance. Past performance is not an indicator of future performance. The investment returns of the Fund are not guaranteed, and so the value of an investment may rise or fall.

The information provided is general in nature and does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon this information and consider seeking advice from a licensed financial advisor if necessary.

Our Montaka Long Only funds strive
to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this these funds are our flagship long-short.

Our
Funds

Our Funds

Our Montaka Long Only funds strive to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka Variable Net funds, this offering is focused on owning the world’s high quality, undervalued businesses – and cash when appropriate – to outperform its benchmark.

Our Montaka Active Extension funds strive for maximised return over the long-term. Owning the Montaka Variable Net long portfolio typically scaled up to approximately 130 percent - and the Montaka Variable Net short portfolio typically scaled down to approximately 30 percent – this these funds results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net funds strive for significant downside protection – but with minimal upside reduction. Focused on owning the world’s great and growing businesses when they are undervalued, while managing a portfolio of short positions in businesses that are deteriorating, misperceived, and overvalued, this these funds are our flagship long-short.