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.

How to Invest
Are you an Adviser? Please visit our adviser area for fund details.


  • Aims to outperform the MSCI World Net Total Return Index in Australian dollars over a rolling 5-year period, net of fees
  • Investments can be added to or withdrawn daily (on Sydney business days)
  • Unhedged, although hedging is permitted when warranted


  • Provides access to quality global companies, including smaller companies that might be difficult to buy into
  • Can hold 30% of its portfolio in cash as a margin of safety
  • Has returned 11.18% per annum, after all fees, since inception (as at 30 September 2019)

Inside the Montgomery Global Fund



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


Comparative Returns Since Inception to 30/09/2019 (After All Fees)

Montgomery Global Fund
MSCI World Net Total Return Index A$
Out/Under Performance

Most Recent Unit Price*

See History

*this is a forward pricing fund, the price you receive is based on close of market prices.

Fund Performance

  Montgomery Global Fund MSCI World Net Total Return Index A$ Out/Under Performance
1 month 0.24% 2.02% -1.78%
3 months 0.06% 4.60% -4.54%
6 months 4.05% 10.12% -6.07%
12 months 5.80% 9.24% -3.44%
2 years (p.a) 12.60% 14.79% -2.19%
3 years (p.a) 14.11% 14.94% -0.83%
Since inception 56.86% 54.07% 2.79%
Compound annual return 11.18% 10.71% 0.47%
Montgomery Global Fund inception date is 01/07/2015. Performance is net of fees and assumes distributions are reinvested, which is industry standard. Past performance is not an indicator of future performance.
Performance Chart
Income Distribution
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June 2019  
Distribution per unit  15.5592 cents
Reinvestment price $1.1742
June 2018  
Distribution per unit 7.5200 cents
Reinvestment price $1.2344
June 2017  
Distribution per unit 12.0993 cents
Reinvestment price $1.0892

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

Units in the Montgomery Global Fund (ARSN: 604 883 418) are issued by the Fund’s responsible entity Fundhost 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.

How to Invest

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


Complete the online application form and ID verification online (approx. 10 minutes)


Scan the signed application form and send to the Administrator via email


Transfer the funds and an investment confirmation will be issued by the Administrator

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

Want to invest in your personal super instead?

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

Net Wealth


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 Fund in more detail.

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

Have More Questions?

Frequently Asked Questions

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

    The Montgomery 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 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 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 Montgomery Global investible universe is unappealing in terms of margin of safety or in anticipation of extreme market dislocation.

    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. How is the Montgomery Global Fund different to the Montgomery Global Equities Fund (ASX:MOGL)?

    Montgomery Global Fund is an unlisted managed fund that issues you with units. 

    Montgomery Global 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 Montgomery Global Equities Fund (ASX:MOGL), as it maintains the same investment strategy, investment process and substantially the same portfolio.

  • 3. What is the minimum initial investment?

    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.

  • 4. How often is income paid?

    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.

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

    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.

  • 6. How do I redeem my investment?

    To redeem your holding, simply fill out the Redemption Request form and have it signed by the authorised signatories on the account. Please see the manage my investment section.

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

  • 7. 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

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

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

Have another question?

Latest Fund Insights

September 17, 2019

The global tech stocks that are worth buying

By Roger Montgomery

When it comes to investing in global technology stocks, it pays to do your homework. Because there are some major differences between the big brands that dominate the space. Take Google, Facebook and Uber, for example. Exclusive Content This is exclusive content to subscribers on rogermontgomery. com. View the full article via your subscription or sign up for access.
Read Article
September 12, 2019

How to navigate this confusing market

By Andrew Macken

Andrew Macken joined Tom Piotrowski at CommSec on the Executive Series to discuss the outlook for global markets. With a wide range of possible outcomes for many global scenarios there are some key themes which you should be aware of. Watch here.
Read Article
August 29, 2019

Alibaba has a hidden cloud too?!

By Christopher Demasi

Earlier this month I wrote that Alphabet, owner of Google, had a Fortune 500 size business hidden away in its “Other” reported revenues: Google Cloud. But did you know that Alibaba, the Chinese owner of the world’s largest e-commerce platform, also has a massive cloud business? Alibaba operates both Taobao and Tmall.
Read Article
August 27, 2019

One reason why the Fed can’t raise rates

By Andrew Macken

A lot is being written about the low interest rate environment in which we find ourselves. And rightly so: we would rank this as the number one most powerful force affecting asset prices today. As for the reasons behind the interest rate dynamics we are seeing, there are many – including those related to demographics, technology and globalization.
Read Article


At Montgomery, we’re independent thinkers who look past market noise to focus on the long-term prospects for companies. We don’t follow the herd. Subscribe now to receive our articles, whitepapers and insights.


Have you considered our other funds?

The Montgomery Fund

  • Concentrated high conviction equities
  • From $25,000
Learn More

Montgomery Alpha Plus Fund

  • A market neutral strategy
  • From $50,000
Learn More

Montaka Global Access Fund

  • Access long/short global equity portfolio
  • From $50,000
Learn More

Montgomery Global Equities Fund (ASX:MOGL)

  • Concentrated high conviction equities
  • No minimum investment - see your broker limits
Learn More

Our Funds

Concentrated High Conviction Equities


Montgomery Global Equities Fund (ASX:MOGL)

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

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

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

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

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

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

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

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.