MONTAKA GLOBAL EXTENSION FUND
(Quoted Managed Hedge Fund) (ASX:MKAX)
ARSN: 639 565 807
This fund offers investors access to our Montaka Active Extension strategy through an ASX-quoted managed fund. The fund can be accessed via the ASX under the ticker MKAX.
HOW TO INVEST
Ready to invest?
Purchase units directly through your stockbroker or online broker or financial adviser with the ticker code MKAX
An investment confirmation will be issued by the Unit Registry Service, Link Market Services.
You can download the product disclosure statement (PDS)
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.
|Since inception, unannualised||24.8%|
As at 31 August 2021
Fund inception date: 23 June 2020
Performance is net of fees and assumes distributions are reinvested. Past performance is not an indicator of future performance.
* The iNAV per Unit will be updated for foreign exchange movements in the Fund’s portfolio stocks by individual stock domicile and will also be updated in respect of stocks that have live market prices during the ASX 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.
|Date||Distribution (A$) per unit||Reinvestment per unit|
|June 2021||9.3 cents||$3.6569|
|December 2020||8.6 cents||$3.3495|
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 Link https://investorcentre.linkmarketservices.com.au/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.
If you are a current investor and need assistance with change of details, tax statements, please contact the unit registry, Link Market Services on +61 1300 551 242 (toll free within Australia) or email firstname.lastname@example.org
When you visit the Link investor centre, you will need your Security Reference Number (SRN) or Holder Identification Number (HIN) to verify your identity. Your SRN/HIN is available on your holding/transaction and distribution statements. Key in Montaka Global Pty Ltd or MGIM in the ‘Issuer Name’ field to look up MKAX .
Montaka Global Pty Ltd AFSL: 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 email@example.com
Product Disclosure Statement (PDS)
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
The issuer of units in Montaka Global Extension Fund (Quoted Managed Hedge Fund) is The Fund’s responsible entity Perpetual Trust Services Limited ACN 000 142 049 (AFSL 236648). The Product Disclosure Statement (PDS) contains all the details of the offer.
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.