The Montgomery Fund invests principally in listed shares of Australian and New Zealand companies and as much as it is achievable in equity markets, the first objective of is the preservation of capital. The Fund seeks to generate capital growth, rising income and to outperform the S&P/ASX 300 Accumulation Index over the medium to long term.
The Fund has an “All Cap” exposure meaning it can invest in small, mid and large capitalisation companies and has the flexibility to move up to 30% of the portfolio into the safety of cash and sometimes more in anticipation of extreme market disruption.
Why invest
| Number of holdings | 20-40 |
| Style | Growth & Value |
| Benchmark | S&P/ASX 300 Accumulation Index |
| Fund fact sheet | Download |
Montgomery Investment Management is a value investor applying a highly disciplined and fact-based investment process that identifies quality listed companies that have the potential to deliver superior, long-term outcomes.
In this February 2021 webinar, Roger Montgomery reviews the performance of The Montgomery Fund and the learnings for our team as we invested through the pandemic.
In this video Roger Montgomery provides his key observations on The Montgomery Fund's investment approach and strategy and the qualities we look for in companies we invest in.
*this is a forward pricing fund, the price you receive is based on close of market prices.
| The Montgomery Fund | S&P 300 Accum. Index | Out/Under Performance | |
|---|---|---|---|
| 1 month | 4.78% | 2.61% | 2.17% |
| 3 months | 10.72% | 6.08% | 4.64% |
| 6 months | 21.02% | 15.13% | 5.89% |
| 12 months | 33.47% | 28.58% | 4.89% |
| 3 years (p.a) | 11.46% | 10.13% | 1.33% |
| 5 years (p.a) | 8.10% | 11.05% | -2.95% |
| 7 years (p.a) | 8.86% | 8.70% | 0.16% |
| Since inception | 174.09% | 152.07% | 22.02% |
| Compound annual return | 11.80% | 10.77% | 1.03% |
| Distribution per unit | Reinvestment price | |
| June 2021 | 5.0329 cents | $1.6388 |
| December 2020 | 0.4601 cents | $1.4491 |
| June 2020 | 1.6831 cents | $1.2989 |
| June 2019 | 8.5643 cents | $1.3813 |
| June 2018 | 12.8559 cents | $1.4082 |
| June 2017 | 2.1137 cents | $1.4067 |
| June 2016 | 7.7190 cents | $1.4047 |
| June 2015 | 13.0725 cents | $1.3326 |
| June 2014 | 4.0489 cents | $1.2874 |
| June 2013 | 7.2834 cents | $1.1904 |
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
Units in The Montgomery Fund (ARSN: 159 364 155) 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 paper or online application form accompanying 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.
Investors in The Montgomery Fund receive the full benefit of sixteen decades of experience spread across the six professional investors dedicated to the stewardship of your wealth. We have witnessed a broad variety of market conditions and a multitude of influences impacting the returns of investors. What we have learned is that a sensible approach has nothing to do with predicting the next market move, and everything to do with purchasing, at a rational price, an interest in a business whose earnings will be materially higher in the years to come.
Joseph Kim joined Montgomery in June 2018 and in 2020 was promoted to the Head of Fundamental Research. Joseph and Andreas Lundberg have joint portfolio management responsibilities for The Montgomery Fund.
After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in The Montgomery Fund:
Complete the online application form at Olivia 123 and ID verification online (approx. 10 minutes)
Submit the completed application form to the Administrator online
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.
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 Fund in more detail.
Our partnership with industry-leading superannuation provider, netwealth, can help.
All individuals, families, companies, trustees, charities, custodians and advisers of self-managed super funds, with a minimum of $25,000 to invest are eligible to apply for The Montgomery 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
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:
Login
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 investments 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. Refer to the PDS for more information.
No commissions are paid by us to any financial advisers.
We have a feature article in our Knowledge Centre on this topic, please visit our Insights area: Learn About Investing
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