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.
For the financial year end 30 June 2022 Joseph Kim and Roger Montgomery discuss The Montgomery Fund’s performance, current market conditions and outlook. We continue to seek positive risk-reward opportunities with high-quality companies where valuation is now even more favourable on longer-term dynamics.
In this video Joseph Kim discusses the key drivers of The Montgomery Fund’s performance for calendar year 2021 by sharing the sector breakdown of the returns versus the S&P/ASX 300 Accumulation Index.
*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 | 8.04% | 5.95% | 2.09% |
| 3 months | -3.72% | -6.21% | 2.49% |
| 6 months | -1.81% | 1.50% | -3.31% |
| 12 months | -6.85% | -2.31% | -4.54% |
| 3 years (p.a) | 5.22% | 4.43% | 0.79% |
| 5 years (p.a) | 6.33% | 8.15% | -1.82% |
| 7 years (p.a) | 5.50% | 7.21% | -1.71% |
| 9 years (p.a) | 7.32% | 7.99% | -0.67% |
| Since inception | 143.69% | 140.00% | 3.69% |
| Compound annual return | 9.36% | 9.20% | 0.16% |
| 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.
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.
If you wish to make an additional investment (top-up) an existing investment in The Montgomery Fund, please see the instructions here.
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.
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.
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
You can make a form-free additional investment via either BPAY or EFT. Find the full instructions here.
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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