Minimum initial investment:
$25,000


Access a high quality, actively managed portfolio of listed Australian companies.

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Overview

Investment Strategy

The Montgomery Fund aims to provide long-term capital growth investing in 25 to 35 securities listed on the Australian Securities Exchange (ASX). The Fund seeks to outperform the S&P/ASX 300 Accumulation Index over the medium to long term.

The Fund seeks to outperform by building a concentrated portfolio of high-quality companies with a margin of safety and a potential catalysts to close the price-to-value gap. The fundamental, bottom-up research process for identifying these companies has been consistently applied by the manager since its founding in 2004.

Harnessing the security of Australia’s top 100 companies, The Fund may also invest up to 25 per cent outside the top 100. The Fund uses an index ‘agnostic’ approach to building its portfolio, aimed at ensuring the best investment ideas have the greatest exposure.

Why invest

  • The potential to generate capital growth over the medium to longer term as well as income from its investment in listed companies
  • Access to a concentrated, high-conviction portfolio of 25 - 35 Australian companies
  • Investments can be added to or withdrawn daily (on Sydney business days)
  • Distributions may carry imputation or other tax credits

Fund Profile

Number of holdings 25-35
Style Growth & Value
Benchmark S&P/ASX 300 Accumulation Index
Fund fact sheet Download

Investment Manager and Sub Manager

Montgomery Investment Management as investment manager appointed Australian Eagle Asset Management as sub-investment manager to work out of our Sydney offices, to manage The Montgomery Fund’s assets. Opened in Sydney in 2004 Australian Eagle is owned and operated by its team.

Australian Eagle Asset Management applies a highly disciplined and fact-based investment process to identifies high quality listed companies with the potential to deliver superior long-term outcomes.

About the fund See all videos

 

The Montgomery Fund’s investment process and philosophy

 

What do catalysts mean for the investment choices in The Montgomery Fund?

The Montgomery Fund Ratings

The Montgomery Fund has been rated Recommended

The Montgomery Fund has been rated Recommended

Performance

Comparative Returns Since Inception to 31/10/2022 (After all fees)

PERFORMANCE CHART
LATEST UNIT PRICE
FUND PERFORMANCE
INCOME DISTRIBUTION
[["date","The Montgomery Fund","ASX300 Accum. Index"],["17\/08\/2012",100000,100000],["31\/08\/2012",99720,99616],["28\/09\/2012",103850,101789],["31\/10\/2012",109720,104760],["30\/11\/2012",111240,105170],["31\/12\/2012",116880,108676],["31\/01\/2013",120648,114087],["28\/02\/2013",122402,120124],["28\/03\/2013",126490,117417],["30\/04\/2013",128860,122462],["31\/05\/2013",128190,116905],["28\/06\/2013",126330,114096],["31\/07\/2013",129030,120140],["31\/08\/2013",135610,123159],["30\/09\/2013",139260,125821],["31\/10\/2013",141670,130772],["29\/11\/2013",136040,128997],["31\/12\/2013",137140,130060],["31\/01\/2014",134760,126160],["28\/02\/2014",140490,132366],["31\/03\/2014",142650,132643],["30\/04\/2014",144230,134876],["31\/05\/2014",144860,135746],["30\/06\/2014",140940,133782],["31\/07\/2014",146670,139685],["31\/08\/2014",151320,140582],["30\/09\/2014",147810,133037],["31\/10\/2014",151955,138711],["30\/11\/2014",150312,134214],["30\/12\/2014",151420,136950],["31\/01\/2015",154394,141367],["28\/02\/2015",165971,151153],["31\/03\/2015",169570,151075],["30\/04\/2015",167066,148586],["31\/05\/2015",167563,149223],["30\/06\/2015",160297,141291],["31\/07\/2015",167473,147386],["31\/08\/2015",159961,136040],["30\/09\/2015",157946,132126],["31\/10\/2015",168170,137994],["30\/11\/2015",175183,137053],["31\/12\/2015",180714,140792],["31\/01\/2016",173631,133120],["29\/02\/2016",167550,130824],["31\/03\/2016",172670,137072],["30\/04\/2016",174240,141650],["31\/05\/2016",184484,146092],["30\/06\/2016",178254,142525],["31\/07\/2016",187031,151588],["31\/08\/2016",185696,149228],["30\/09\/2016",183477,149996],["31\/10\/2016",173341,146733],["30\/11\/2016",173579,150849],["31\/12\/2016",175787,157403],["31\/01\/2017",171423,156177],["28\/02\/2017",175991,159587],["31\/03\/2017",179228,164815],["30\/04\/2017",181685,166434],["31\/05\/2017",177181,161868],["30\/06\/2017",181237,162225],["31\/07\/2017",179311,162248],["31\/08\/2017",177455,163464],["30\/09\/2017",177777,163521],["31\/10\/2017",184729,170087],["30\/11\/2017",190493,172968],["31\/12\/2017",191923,176183],["31\/01\/2018",190088,175494],["28\/02\/2018",188825,176087],["31\/03\/2018",187820,169530],["30\/04\/2018",191420,175930],["31\/05\/2018",196760,178030],["30\/06\/2018",198090,183710],["31\/07\/2018",199510,186110],["31\/08\/2018",197920,188720],["30\/09\/2018",196750,186460],["31\/10\/2018",188480,174990],["30\/11\/2018",187570,171180],["31\/12\/2018",185190,170790],["31\/01\/2019",189110,177400],["28\/02\/2019",198750,188050],["31\/03\/2019",200350,189430],["30\/04\/2019",205670,194100],["31\/05\/2019",205180,197480],["30\/06\/2019",206750,204680],["31\/07\/2019",209190,210760],["31\/08\/2019",209610,205970],["30\/09\/2019",213790,209900],["31\/10\/2019",216870,209100],["30\/11\/2019",219840,215760],["31\/12\/2019",217750,211390],["31\/01\/2020",228680,221720],["29\/02\/2020",215760,204500],["31\/03\/2020",180300,161910],["30\/04\/2020",190060,176520],["31\/05\/2020",195400,184610],["30\/06\/2020",196690,189100],["31\/07\/2020",194740,190240],["31\/08\/2020",205370,196040],["30\/09\/2020",200960,188990],["31\/10\/2020",200880,192560],["30\/11\/2020",220020,212250],["31\/12\/2020",220130,215050],["31\/01\/2021",225220,215770],["28\/02\/2021",226480,218950],["31\/03\/2021",232210,223980],["30\/04\/2021",241310,232260],["31\/05\/2021",247560,237620],["30\/06\/2021",256590,242980],["31\/07\/2021",261600,245660],["31\/08\/2021",274090,252070],["30\/09\/2021",270800,247320],["31\/10\/2021",272370,247560],["30\/11\/2021",270870,246250],["31\/12\/2021",275490,252770],["31\/01\/2022",248170,236460],["28\/02\/2022",245950,241390],["31\/03\/2022",254640,258040],["30\/04\/2022",253090,255880],["31\/05\/2022",241530,248820],["30\/06\/2022",225560,226510],["31\/07\/2022",243690,240000],["31\/08\/2022",242010,242827],["30\/09\/2022",223660,227540],["31\/10\/2022",234590,241112]]

Most Recent Unit Price* SEE HISTORY

Buy
1.4203
Redeem
1.4132
Mid
1.4168

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

Fund Performance

134.59%
The Montgomery Fund
141.11%
ASX 300 Accum. Index
-6.52%
Out/Under Performance
  1 month 3 months 6 months 12 months 3 years (p.a.)  5 years (p.a.)  7 years (p.a.)  10 years (p.a.)  Since Inception  Compounded annual return 
The Montgomery Fund 4.88% -3.73% -7.31% -13.87%  2.65%  4.89%  4.87%  7.90%  134.59%  8.72%
S&P 300 Accum. Index 5.96% 0.46% -5.77% -2.61%  4.86%  7.23%  8.30%  8.69%  141.11%  9.01%
Out/Under Performance -1.08% -4.19% -1.54% -11.26%  -2.21%  -2.34%  -3.43%  -0.79%  -6.52%  -0.29%

Fund performance prior to 12 September 2022 is not attributable to the current sub-investment manager, but the previous investment manager. Presented below is the longer-term record of the current sub-investment manager’s strategy since its inception.

  1 month 3 months 6 months 12 months 3 years (p.a.)  5 years (p.a.)  7 years (p.a.)  10 years (p.a.)  Since Inception  Compounded annual return 
Australian Eagle Composite* - 1.41% -5.12% -1.21%  9.17%  11.16%  13.23%  12.19%  436.69%  9.94%
S&P 300 Accum. Index - 0.46% -5.77% -2.61%  4.86%  7.23%  8.30%  8.69%  246.80%  7.27%
Out/Under Performance - 0.95% 0.65% 1.40% 4.31% 3.93%  4.93%  3.50%  189.89%  2.67%

*The inception date of the Australian Eagle Composite is 07 February 2005. The performance represents the Australian Eagle SMA performance adjusted to include The Montgomery Fund’s fees. 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. The returns in the composite include the Australian Eagle returns from 7 February 2005 to 30 September 2022, and from this point onwards include the returns in The Montgomery Fund (the first full month Australian Eagle commenced as the investment manager for this product).

The Montgomery Fund inception date is 17/08/2012. Performance is net of fees and assumes distributions are reinvested, which is industry standard. Past performance is not an indicator of future performance.

  Distribution per unit Reinvestment price
June 2022 14.4221 cents $1.2882
December 2021 1.0019 cents  $1.7495
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.

The issuer of units in The Montgomery Fund (ARSN 159 364 155) (Fund) is the Fund’s responsible entity Fundhost Limited (ABN 69 092 517 087) (AFSL 233045). The Product Disclosure Statement (PDS) contains all of the details of the offer. Copies of the PDS and Target Market Definition (TMD) are available to download from this page and at https://fundhost.com.au/

An investment in the Fund must be through a valid paper or online application form accompanying the PDS. Before making any decision to make or hold any investment in the Fund you should consider the PDS and TMD in full.

The information provided 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 any information provided and consider seeking advice from a financial advisor if necessary.

You should not base an investment decision simply on past performance. Past performance is not an indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall.

Investment Team

 

Founded in 2004, Australian Eagle’s team has been one of Australia’s best performing investment managers. Australian Eagle believes a portfolio of companies with sound growth characteristics, transformative possibilities, and a margin of safety, can deliver great outperformance over the long-term.

Australian Eagle’s team is led by Chief Investment Officer Sean Sequeira and Senior Portfolio Manager Alan Kwan. Sean is a founding member of Australian Eagle and was appointed Chief Investment Officer in 2016. Sean has more than 31 years industry experience and has worked at the company for 17 years. Alan has been with Australian Eagle for 11 years.

Meet our people

Sean Sequeira

Chief Investment Officer
Read Bio +

Alan Kwan

Senior Portfolio Manager
Read Bio +

HOW TO INVEST

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

1

Complete the online application form at Olivia 123 and ID verification online (approx. 10 minutes)

2

Submit the completed application form to the Administrator online

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.

If you wish to make an additional investment (top-up) an existing investment in The Montgomery Fund, please see the instructions here.

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 Fund in more detail.

Want to invest in your personal super instead?

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

Insights Subscribe to insights

November 22, 2022

Will ResMed' share price continue to rise long-term?

By Roger Montgomery

ResMed (ASX:RMD) is an Aussie-grown international success story. Now based in San Diego, it’s the world leader in the Sleep Disordered Breathing market, providing devices for treating sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. RMD’s share price has grown a whopping 3,800 per cent since listing in 1999, and we’re confident there’s more growth to come.
October 26, 2022

Australian Eagle’s risk management process

By David Buckland

The Montgomery team attended a presentation from Mark Oliver, Head of Risk, at Australian Eagle Asset Management on Thursday, and were very impressed with the institutional grade Investment and Risk Management process. To remind readers the Australian Eagle “Long-Only” Strategy which was launched in February 2005 has delivered a compound annual average return of 11.

Have More Questions?

Frequently Asked Questions

  • 1. Is this Fund suitable for me? – Target Market Determination (TMD)

    The Fund has a long-term objective and is suitable for those investors willing to assume high risk while seeking capital growth. Statistically, the major share markets produce a negative investment return, on average, every five years (or less) and investors must take the potential for capital loss into consideration. You can learn more in the Target Market Determination (TMD) here.

  • 2. Who can invest in The Montgomery Fund?

    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.

  • 3. 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

  • 4. 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.

  • 5. 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.

  • 6. 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
    Login

  • 7. How do I increase my holding?

    You can make a form-free additional investment via either BPAY or EFT. Find the full instructions here.

  • 8. How do I redeem my funds?

    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.

  • 9. Do you pay any advisers remuneration?

    No commissions are paid by us to any financial advisers.

  • 10. What are the advantages of an actively managed fund?

    We have a feature article in our Knowledge Centre on this topic, please visit our Insights area: Learn About Investing

Have another question?

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