MONTAKA GLOBAL ACCESS FUND

ARSN: 607 245 643

A global equity long short fund that benefits from buying extraordinary businesses in selected global markets at discounts to intrinsic value as well as taking positions on businesses we believe are faltering. Minimum initial investment: $50,000.

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 Access Fund Montaka Global Fund (A$) Average Net Market Exposure
1 month 0.1% -0.0% 79%
3 months -4.3% -4.4% 76%
12 months -23.6% -23.8% 54%
3 years p.a. -3.4% -3.5% 50%
5 years p.a. -0.9% -1.0% 49%
Since inception -2.8% 1.9% 48%
Compounded annual return -0.5% 11.1% 48%

As at 31 Janoary 2021
The Montaka Global Fund inception date is 1 July 2015.
The Montaka Global Access Fund inception date is 1 November 2015.
Performance is net of fees and assumes distributions are reinvested, which is industry standard. Past performance is not an indicator of future performance.

Growth of $100,000 invested since inception

The Montaka Global Fund is the underlying fund that Montaka Global Access Fund is invested in.

UNIT PRICE

$0.8522

As at 1 Feb 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 1.5206 cents $0.8700
June 2019 2.9395 cents $1.0937
June 2018 7.4407 cents $1.0926
June 2017 No distribution for the period
June 2016 2.0 cents $0.8981

FAQs

The Montaka Global Access Fund invests in the Montaka Global Fund, an Australian unit trust offered to wholesale investors only. The Fund was established to provide retail investors with access to a sophisticated investment strategy they would not otherwise be able to access. The Fund invests in a series of interposed vehicles to share costs and to gain access to the portfolio of global listed securities.

 

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

 

The Montaka Global Fund will also short sell typically 25-40 stocks based on a novel framework that categorises stocks into at least one of the following:

  1. thematic structural declines
  2. divergent expectations
  3. asymmetries; and/ or
  4. misperceptions.

The net exposure to the market (long exposure minus short exposure) would typically be between 30 per cent and 70 per cent; and can vary over time as market conditions change.

 

Investment is suited to those investors who prefer some exposure to overseas currencies, themes and trends through a portfolio of higher-quality global business as well as a strategy seeking to provide capital preservation in falling markets.

Units in the Fund will be issued and redeemed in AUD.

 

The assets of the Underlying Funds (Montaka Global Master Fund and Montaka Global Offshore Fund) may be invested in securities and other investments denominated in currencies other than AUD and the functional currency of the Underlying Funds, being USD. The value of such investments may be affected favourably or unfavourably by fluctuations in exchange currencies. Transactions undertaken to hedge adverse currency exchange movements may also involve the risk that a counterparty to any transaction may default on its obligation thereunder.

 

The Fund implements its investment strategy by investing in the Australian dollar denominated participating shares of the Underlying Funds. The Underlying Funds issue shares in other currencies.

 

The Underlying Funds may engage in foreign exchange hedging transactions for the Australian dollar denominated participating shares of the Underlying Funds. The relevant hedges will be based upon an estimate of the NAV of the Australian dollar denominated participating shares of the Underlying Funds on each Valuation Day (last day of each month). Any gains or losses arising on foreign exchange contracts relating to the Australian dollar denominated participating shares in the Underlying Funds will only be applied to the relevant Australian dollar denominated participating shares.

 

Exchange rate fluctuations and the costs of the currency hedging arrangements utilised in respect of the Australian dollar denominated shares may prejudicially affect the net asset value of such shares even where investment performance in respect of those shares is positive.

A minimum initial investment of $50,000 is required.

 

Applications and payment must be received by Fundhost, the Administrator, at least five business days prior to the relevant Subscription Day. Investors can add to their initial investment, through a lump sum additional investment.

 

The Net Asset Value (after expenses) is calculated monthly, the first business day of each month.

Montaka Global Access Fund will only pay distributions it receives from The Montaka Fund. However, The Montaka Fund does not intend to pay dividends or other distributions to shareholders but intends instead to reinvest any of The Montaka Fund’s income and net realised gain. Accordingly, The Fund is not expected to have any income flow through to it from its investment in The Montaka Fund. An investment in The Fund may therefore not be suitable for investors seeking a regular income stream for financial or tax planning purposes.

 

Investors looking for a regular income may NOT find this fund suitable.

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:

Login

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: The Montaka Global Access Fund processes withdrawals on a monthly basis. Redemptions are subject to one month plus five business days’ notice.

 

For anyone redeeming as at 1 July there may be a delay in receiving your redemption monies due to year end processes. Please refer to the PDS for more information.

 

If Fundhost are paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption instruction.

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 contact the unit registry Fundhost Limited on 02 8223 5400 or email at admin@fundhost.com.au

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)

Fact Sheet

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 Access 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 Global Long Only strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, 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 strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives 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 strategy is our flagship long-short

Our
Strategies

Our Strategies

Our Montaka Global Long Only strategy strives to act as a core, high conviction, global portfolio holding. Consistent with the long portfolios in our Montaka strategies, 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 strategy strives for maximised return over the long-term. Owning the Montaka long portfolio typically scaled up to approximately 130 percent - and the Montaka short portfolio typically scaled down to approximately 30 percent – this strategy results in a net market exposure of approximately 100 percent most of the time.

Our Montaka variable net strategy strives 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 strategy is our flagship long-short