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.

Features

  • 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  • Investments can be added to or withdrawn daily (on Sydney business days)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

Benefits

  • 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 11.40% per annum, after all fees, since inception (as at 31 October 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

FUND PERFORMANCE AND PRICING

Comparative Returns Since Inception to 31/10/2019 (After All Fees)

59.65%
Montgomery Global Fund
54.66%
MSCI World Net Total Return Index A$
4.99%
Out/Under Performance

Most Recent Unit Price*

See History
Buy
1.2081
Redeem
1.2021
Mid
1.2051

*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 1.78% 0.39% 1.39%
3 months 1.16% 2.63% -1.47%
6 months -0.50% 5.79% -6.29%
12 months 14.25% 15.93% -1.68%
3 years (p.a) 15.24% 15.63% -0.39%
Since inception 59.65% 54.66% 4.99%
Compound annual return 11.40% 10.59% 0.81%
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:

1

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

2

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

3

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

NOT READY TO INVEST YET?

Download the fund information pack or if you would prefer to talk it over, call David Buckland or Toby Roberts on 02 8046 5000 to discuss the Montgomery Global Fund in more detail.

Download the Fund Info Pack
02 8046 5000
David Buckland
Chief Executive Officer
david buckland
Toby Roberts
Account Manager – Private Clients
Toby Roberts Thumbnail

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

December 3, 2019
WHITE PAPERS

Part I: Low Rates, Assets Inflate

By Andrew Macken

Across the developed world, historically low interest rates are the new normal – not just temporary. Our latest Whitepaper points to five structural reasons driving this change. Although low rates are highly advantageous for those with an ability to buy assets, they come with some strong downsides.
Read Article
Share
November 11, 2019

Where does Fitbit fit at Google

By Lachlan MacKay

This week Google confirmed it would pay US$2. 1 billion in cash to acquire wearable fitness tech company Fitbit. The deal appears to have saved Fitbit, who pioneered the market but now faces intense pressure from a wide range of competing products, including the Apple Watch.
Read Article
Share
November 5, 2019

Five key numbers we have learnt from earnings season

By Andrew Macken

Earnings season for the third calendar quarter of 2019 is well under way. While the team at Montaka are busy analysing the results of many global businesses, here are five key numbers that have stood out to us over recent days.
Read Article
Share
November 4, 2019

The power of compounding when rates are low

By Andrew Macken

The new low interest rate world in which we find ourselves is strange. Why does it make sense that an investor should have to pay for the privilege of lending to the German government for 20 years, for example? And yet, the yield on German 20 year bunds is negative – effectively implying exactly this.
Read Article
Share

THINK FOR YOURSELF.
WE DO.

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.

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Have you considered our other funds?

The Montgomery Fund

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

Montgomery Alpha Plus Fund

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

Montaka Global Access Fund

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

Montgomery Global Equities Fund (ASX:MOGL)

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