Montgomery Global Equities Fund
(Managed Fund) ASX:MOGL

Listed on the ASX, this Exchange Traded Managed Fund (ETMF) mirrors
the unlisted Montgomery Global Fund, featuring a targeted distribution.

HOW TO INVEST
Are you an Adviser? Please visit our adviser area for fund details.

Features

  • Aiming to outperform the MSCI World Net Total Return Index in Australian dollars over a rolling 5-year period, net of fees
  • Typically invests in a high conviction portfolio of 15 to 30 businesses
  • Targets a distribution rate of at least 4.5% per annum, paid semi-annually

Benefits

  • Provides access to an actively managed portfolio of attractively valued companies listed on global share markets via a single trade
  • Can hold up to 30% in the safety of cash
  • Easily accessed via a stockbroker or online share trading account using ASX:MOGL

Inside the Montgomery Global Equities Fund (ASX:MOGL)

 

Introduction

Learn How to Invest

Our Approach

Montgomery is focused on the ownership of high quality businesses – that can be purchased at attractive valuations – and generating superior returns over the long term. We are value investors committed to preserving and growing your capital. Read more about our investment approach.

Find Out More

FUND PERFORMANCE AND PRICING

Comparative Returns Since Inception to 30/09/2019

15.94%
Montgomery Global Equities Fund
22.23%
MSCI World Net Total Return Index A$
-6.29%
Out/Under Performance

Estimated *INAV

* The iNAV reflects the estimated NAV per Unit updated for foreign exchange movements in the Fund's portfolio stocks by individual stock domicile and is also updated in respect of stocks that have live market prices during the ASX Trading Day. If there are no stocks held by the Fund that have live market prices during the ASX Trading Day, movements in the iNAV will only reflect foreign exchange movements. The iNAV will not be updated for market-based movements such as movements in stock market indices.

The iNAV is provided by Interactive Data and is updated during Australian Securities Exchange trading hours. It is indicative and for reference purposes only, and is subject to Interactive Data’s terms and conditions of use.

Fund Performance

  Montgomery Global Equities Fund MSCI World Net Total Return Index A$ Out/Under Performance
1 month 0.22% 2.02% -1.80%
3 months -0.12% 4.60% -4.72%
6 months 3.81% 10.12% -6.31%
12 months 5.31% 9.24% -3.93%
Since inception 15.94% 22.23% -6.29%
Compound annual return 8.67% 11.94% -3.27%
Montgomery Global Equities Fund (Managed Fund) inception date is 20/12/2017. Portfolio Performance is calculated after fees and costs, including the investment management fee and performance fee, but excludes the buy/sell spread. All returns are on a pre-tax basis.

You should not base an investment decision simply on past performance. Returns are not guaranteed and so the value of an investment may rise or fall.
Performance Chart
Income Distribution
June 2019 full year distribution  
Distribution per unit  24.0 cents
 Reinvestment price  $3.5317
June 2018  
Distribution per unit 8.6 cents
Reinvestment price $3.5283

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

Units in Montgomery Global Equities Fund (Managed Fund) (ARSN: 621 941 508) are issued by the Fund’s responsible entity Perpetual Trust Services Limited ACN 000 142 049 (AFSL 236648). 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. 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.

HOW TO INVEST

After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in Montgomery Global Equities Fund (Managed Fund):

1

Through a broker or share trading account: Purchase units directly through your stockbroker or online broker with the ticker code MOGL

2

OR Through your financial adviser: Request units with the ticker code MOGL

3

An investment confirmation will be issued by the Unit Registry Service, Link Market Services.

Want to invest in your personal super instead?

Our partnership with industry-leading superannuation provider, NetWealth, can help.

Net Wealth

NOT READY TO INVEST YET?

Download the fund information pack or if you would prefer to talk it over, call David Buckland or Dean Curnow on 02 8046 5000 to discuss the Montgomery Global Equities Fund (Managed Fund) in more detail.

Download the Fund Info Pack
02 8046 5000
David Buckland
Chief Executive Officer
david buckland
Dean Curnow
Account Manager
dean curnow

Have More Questions?

Frequently Asked Questions

  • 1. What is the investment strategy of the Montgomery Global Equities Fund?

    Montgomery Global Equities Fund (Managed 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 Montgomery 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 the mandated maximum cash holding is 50% of the portfolio, it is not envisaged that the Fund would reach such a level absent an extreme market scenario. The practical maximum cash weighting of the Fund is 30%; and the practical minimum is 0 - 5%

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

  • 2. What is the minimum initial investment?

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

    Please note, Montgomery is not a broker and as such cannot facilitate the buying or selling of MOGL units via the ASX.

  • 3. How often is income paid?

    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.

  • 4. How can I see my unit balance and investment value online?

    Our Unit Registry, Link Market Services, 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 Link Market Unit Registry here

    Login

  • 5. How do I redeem my investment?

    You can sell units in MOGL 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 Montgomery is not a broker and as such cannot facilitate the buying or selling of MOGL via the ASX.

  • 6. Can I invest my personal superannuation in the fund?

    If you do not have an SMSF and want to invest your personal superannuation into the Montgomery funds, you can find out about our partnership with industry-leading superannuation provider, netwealth in more detail on this page: Investing your personal super

  • 7. Do you pay any brokers/advisers remuneration?

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

  • 8. What are the advantages of an actively managed Exchange Traded Managed Fund?

    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.

    Please visit our Knowledge Centre to learn more about investing generally:
    Learn About Investing

Have another question?

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THINK FOR YOURSELF.
WE DO.

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Have you considered our other funds?

The Montgomery Fund

  • AUSTRALIA/NZ
  • Concentrated high conviction equities
  • From $25,000
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Montgomery Global Fund

  • GLOBAL
  • Concentrated high conviction equities
  • From $25,000
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Montgomery Alpha Plus Fund

  • GLOBAL
  • A market neutral strategy
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Montaka Global Access Fund

  • GLOBAL
  • Access long/short global equity portfolio
  • From $50,000
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Close

Our Funds

Concentrated High Conviction Equities

Listed

Montgomery Global Equities Fund (ASX:MOGL)

Global
Available on the ASX as an Exchange Traded Managed Fund, invests in 15 to 30 quality global businesses for long-term capital growth with a target distribution yield of 4.5% per annum. Mirrors the strategy of the Montgomery Global Fund.
Unlisted From $25,000

Montgomery Global Fund

Global
Invests in 15 to 30 quality global businesses for long-term capital growth. Priced daily. Mirrors the strategy of the Montgomery Global Equities Fund (ASX:MOGL).
Unlisted from $25,000

The Montgomery Fund

Australia/NZ
Aims to provide long-term growth and income by investing in 20 to 40 high-quality Australian and New Zealand businesses trading at attractive valuations. Priced daily.
New Fund

Montgomery Small Companies Fund

Australia/NZ
Aims to provide long-term growth by investing in 30 to 50 high quality, undervalued, Australian and NZ small and emerging companies with strong growth potential. Priced daily.
Unlisted from $1 Million

The Montgomery [Private] Fund

Australia/NZ
Seeks to deliver absolute returns from a portfolio of high-quality Australian and New Zealand businesses. Capital preservation is paramount. By invitation only.

Alternate Equity Strategies

Unlisted from $50,000

Montgomery Alpha Plus Fund

Global
Aims to generate positive returns in both rising and falling markets. Invests in 80 to 180 global businesses expected to deliver above-average returns, while selling short a similar-sized portfolio expected to deliver below-average returns. Priced daily.
Unlisted from $50,000

Montaka Global Access Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. Priced monthly. Provides retail investors access to the Montaka Global Fund.
Unlisted From $1 Million

Montaka Global Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. By invitation only.