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
- Provides access to quality global companies, including smaller companies that might be difficult to buy into.
- The potential to generate capital growth over the medium to long term as well as income from its investment in globally listed stocks.
- Can hold 30% of its portfolio in cash as a margin of safety.
- Unhedged, although hedging is permitted when warranted.
- Investments can be added to or redeemed daily (on Sydney business days).
- Aims to outperform the MSCI World Net Total Return Index in Australian dollars over a rolling 5-year period, net of fees.
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 | 2.19% | 5.03% | (2.84%) |
| 3 months | 2.14% | 6.30% | (4.16%) |
| 6 months | 4.41% | 12.52% | (8.11%) |
| 12 months | 17.44% | 23.78% | (6.34%) |
| 2 years p.a. | 3.42% | 13.46% | (10.04%) |
| 3 years p.a. | 6.19% | 13.10% | (6.91%) |
| 4 years p.a. | 8.51% | 13.05% | (4.54%) |
| 5 years p.a. | 10.52% | 13.58% | (3.06%) |
| Since inception | 61.23% | 80.11% | (18.88%) |
| Since inception p.a. | 8.66% | 10.78% | (2.12%) |
As at 31 March 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
$1.2332
Mid
$1.2301
Redeem
$1.2270
As at 14 April 2021. This fund is forward priced. The price you receive is based on the close of market prices.
DISTRIBUTION
| Date | Distribution (A$) per unit | Reinvestment per unit |
|---|---|---|
| June 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:
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
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
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.
