An actively managed, research driven and competitively priced portfolio of 70-90 of the world's highest quality and ESG active businesses. The fund leverages Magellan's DNA, that is Magellan's proprietary definition of quality, ESG framework, investment process and investment team.
Invest NowA diversified global equities portfolio of 70-90 of the world’s best companies – those with sustained competitive advantages, and attributes that meet our ESG risk assessment research process.
The portfolio is constructed using Magellan’s DNA - our long-standing proven investment process and our experienced investment team. The investment team actively research companies to apply our proprietary definition of ‘Quality’ and 'ESG'. Identifying companies with unique attributes enable the business to generate attractive sustainable returns over the longer-term. We assess companies for their exposure to ESG risks and opportunities, and carbon factor risks.
The MFG Core ESG Fund seeks to achieve attractive risk-adjusted returns over the medium to long term through investment in a diversified portfolio of high quality companies. The fund integrates ESG risk and opportunity management via active ESG research, portfolio construction and engagement.
ESG integration is part of Magellan's DNA
Since 2007, we've invested in businesses based on quality and risk. ESG is a fundamental pillar of risk assessment, and a key part of how we invest. Our ESG philosophy is simple in idea, but nuanced and considered in execution. We seek to identify ESG risk factors that may have a material impact on cashflows or valuation.
At Magellan, we consider ESG factors that may have a wide-ranging, long-term impact on our society. Our philosophy and process are not constrained by a checklist, or by ticking boxes. Instead, we focus on the future, by investing in companies we believe to have a sustainable competitive advantage, that do not have a detrimental impact on the environment or our lives. We invest in high quality ESG active companies, that are more likely to withstand ESG risks and benefit from ESG opportunities.
Over the last 5 years Magellan's ESG team has further honed this investment philosophy and built a unique low carbon framework. These frameworks were designed from the ground up to manage for carbon risks and ESG risks and opportunities.
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The MFG Core ESG Fund thoughtfully seeks to manage the portfolio's ESG risks and opportunities. Specifically the fund seeks to lower the carbon risk of the portfolio, lower ESG risk exposures, and increase exposure to ESG opportunities.
The process is supported by policies, our ESG Team and the Investment Team. We are committed to reporting our ESG progress to all stakeholders.
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Low Carbon Framework - active research to exclude companies with higher exposure to decarbonisation risks. Commitment to materially lower carbon risk than the MSCI World Index.
ESG risk assessment - actively research company ESG risks and opportunities. Assessed for materiality and management credibility. ESG scores are nuanced and forward looking and, reviewed by Investment Committee.
ESG in portfolio construction - direct integration of active ESG scores in portfolio construction. Lower ESG risks or greater ESG opportunities receive a higher score and higher portfolio weighting.
ESG engagement objectives and stewardship - Active stewardship on defined ESG engagement objectives. In house proxy voting.
ESG portfolio exclusions – Excludes exposures considered detrimental to society, for example tobacco, alcohol and controversial weapons.
Units | |
Bloomberg | MCSE AU EQUITY |
Thomson Reuters | MCSE.CHA |
IRESS | MCSE .CXA |
Transaction costs may also apply - refer to the Product Disclosure Statement. All management costs described above are inclusive of the estimated net effect of GST
** iNAV calculations as shown on www.mfgcoreseries.com.au (the "data") provided by ICE Data Indices, see ICE Terms of Use, and is updated during Cboe trading hours. Powered by Factset. iNAV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates ("ICE Data") and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.
INVESTMENT RISKS: All investments carry risk. While it is not possible to identify every risk relevant to an investment in a fund, we have provided details of risks in the fund's Product Disclosure Statement.
Magellan's DNA is the ability to identify high quality and ESG active companies on a forward looking basis. This forward-looking assessment identified companies with unique attributes that we consider support its ability to generate attractive sustainable returns over time. Quality companies are more likely to withstand market cycles, and compound returns for investors.
Magellan defines quality factors which are actively researched by the investment team. These factors are qualitative and forward looking.
Thousands of stocks are filtered down to a universe of around 200 companies that:
Our portfolio construction begins with selecting the top 70-90 companies by our assessment of quality and ESG after allowing for minimum diversification.
The portfolio is seeded with an unconstrained weighting based on market capitalisation and quality. Quality companies and those with lower ESG risks (greater ESG opportunities) are upweighted in the portfolio relative to their unconstrained market capitalisation weighting.
Continue: Security level risk controls
Overweight individual securities are then constrained to a maximum of 3% of total holdings.
Continue: Regional constraints
Constraints on the aggregate weight applied to 7 geographic regions.
The US, US multinational and EU are each constrained to a maximum weight of 40% of total holdings.
All other regions are constrained to a maximum weight of 10%.
Finally, constraints on the weights are applied by risk vector.
Risk vectors are constrained to a maximum weight of 20% of total holdings, with the highest risk category constrained to 10%.
Ongoing dynamic analysis of business fundamentals and quarterly rebalancing mitigates event risk and preserves targeted diversification settings.
Every quarter, we reassess the companies in the universe on the basis of their quality and key risks. This process determines the active research inputs used in the portfolio construction process.
Portfolio Manager
Elisa Di Marco joined Magellan in 2015 with responsibility for research coverage in the financials sector. In 2019, Elisa joined the Core Series team and in 2020 Elisa joined the ESG team and was appointed PM of the MFG Core ESG fund. In 2022, Elisa was appointed PM of the Core International Fund. Prior to Magellan, Elisa spent two years as an analyst at APRA, primarily stress testing and supervising Australian financial institutions. Elisa also worked at Macquarie Group as an equity analyst covering banks and at NYSE Euronext Paris in surveillance and research.
Elisa holds a Bachelor of Commerce (Honours) from the University of Wollongong and a Doctor of Philosophy from the University of New South Wales.
Performance | 3 Months | 6 Months | 1 Year | Since Inception** (% PA) |
---|---|---|---|---|
MFG Core ESG | 0.23% | 5.23% | 15.40% | 10.00% |
Benchmark* | -0.74% | 6.12% | 14.12% | 11.06% |
Out/Under Performance | 0.97% | -0.89% | 1.28% | -1.06% |
* Benchmark is the MSCI World NTR Index (AUD)
** Fund inception 11 December 2020
Click here for further information on the benchmark.
Important Information: Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Inception date 11 December 2020. Past performance is not a reliable indicator of future performance.
Click here for further information on the benchmark.
Important Information: Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Inception date 11 December 2020. Past performance is not a reliable indicator of future performance.
30 September 2023
% weight | |
---|---|
Novartis AG | 3.1% |
Home Depot Inc | 3.0% |
ASMl Holding NV | 3.0% |
Apple Inc | 2.9% |
Alphabet Inc | 2.9% |
% weight | |
---|---|
Hermes International | 2.9% |
Proctor & Gamble | 2.8% |
Nestlé SA | 2.8% |
Amazon.com Inc | 2.8% |
PepsiCo Inc | 2.7% |
Date | Net Asset Value | Entry | Exit |
---|---|---|---|
07/12/2023 | 4.2711 | 4.2754 | 4.2668 |
06/12/2023 | 4.2669 | 4.2712 | 4.2626 |
05/12/2023 | 4.2845 | 4.2888 | 4.2802 |
04/12/2023 | 4.2533 | 4.2576 | 4.2490 |
01/12/2023 | 4.2539 | 4.2582 | 4.2496 |
30/11/2023 | 4.2336 | 4.2378 | 4.2294 |
29/11/2023 | 4.2168 | 4.2210 | 4.2126 |
28/11/2023 | 4.2047 | 4.2089 | 4.2005 |
27/11/2023 | 4.2321 | 4.2363 | 4.2279 |
24/11/2023 | 4.2456 | 4.2498 | 4.2414 |
23/11/2023 | 4.2552 | 4.2595 | 4.2509 |
22/11/2023 | 4.2700 | 4.2743 | 4.2657 |
21/11/2023 | 4.2295 | 4.2337 | 4.2253 |
20/11/2023 | 4.2332 | 4.2374 | 4.2290 |
17/11/2023 | 4.2379 | 4.2421 | 4.2337 |
16/11/2023 | 4.2459 | 4.2501 | 4.2417 |
15/11/2023 | 4.2193 | 4.2235 | 4.2151 |
14/11/2023 | 4.2332 | 4.2374 | 4.2290 |
13/11/2023 | 4.2204 | 4.2246 | 4.2162 |
10/11/2023 | 4.2376 | 4.2418 | 4.2334 |
09/11/2023 | 4.1571 | 4.1613 | 4.1529 |
08/11/2023 | 4.1732 | 4.1774 | 4.1690 |
07/11/2023 | 4.1546 | 4.1588 | 4.1504 |
06/11/2023 | 4.0833 | 4.0874 | 4.0792 |
03/11/2023 | 4.0704 | 4.0745 | 4.0663 |
02/11/2023 | 4.0927 | 4.0968 | 4.0886 |
01/11/2023 | 4.0446 | 4.0486 | 4.0406 |
31/10/2023 | 4.0426 | 4.0466 | 4.0386 |
30/10/2023 | 3.9925 | 3.9965 | 3.9885 |
27/10/2023 | 3.9523 | 3.9563 | 3.9483 |
26/10/2023 | 3.9903 | 3.9943 | 3.9863 |
25/10/2023 | 4.0260 | 4.0300 | 4.0220 |
24/10/2023 | 4.0441 | 4.0481 | 4.0401 |
23/10/2023 | 4.0329 | 4.0369 | 4.0289 |
20/10/2023 | 4.0319 | 4.0359 | 4.0279 |
19/10/2023 | 4.0782 | 4.0823 | 4.0741 |
18/10/2023 | 4.0704 | 4.0745 | 4.0663 |
17/10/2023 | 4.0947 | 4.0988 | 4.0906 |
16/10/2023 | 4.1081 | 4.1122 | 4.1040 |
13/10/2023 | 4.0950 | 4.0991 | 4.0909 |
12/10/2023 | 4.0862 | 4.0903 | 4.0821 |
11/10/2023 | 4.0706 | 4.0747 | 4.0665 |
10/10/2023 | 4.0669 | 4.0710 | 4.0628 |
09/10/2023 | 4.0498 | 4.0538 | 4.0458 |
06/10/2023 | 4.0607 | 4.0648 | 4.0566 |
05/10/2023 | 4.0272 | 4.0312 | 4.0232 |
04/10/2023 | 4.0650 | 4.0691 | 4.0609 |
03/10/2023 | 4.0307 | 4.0347 | 4.0267 |
02/10/2023 | 4.0431 | 4.0471 | 4.0391 |
29/09/2023 | 3.9986 | 4.0026 | 3.9946 |
Please ensure that your Tax File Number (TFN) or Australian Business Number (ABN) is provided to the Unit Registry by Record Date, otherwise tax will be withheld on income attributed to you at the top marginal tax rate plus Medicare Levy.
If you have elected to receive distributions in cash, please ensure that your bank account details are provided to the Unit Registry by Record Date, otherwise your distribution payment will be withheld until a valid bank account is provided.
To review or update your TFN/ABN and bank account details, log on to the Unit Registry’s online portal.
Date | Distribution per unit | Reinvestment price | |
---|---|---|---|
June 2023 | 7.6600 cents | $4.1179 | Annual Fund Distribution 2023 |
December 2022 | 7.00 cents | $3.5276 | Interim Fund Distribution - 31 December 2022 |
June 2022 | 7.0000 cents | $3.3983 | Annual Fund Distribution 2022 |
December 2021 | 7.0000 cents | $4.3474 | Interim Fund Distribution - 31 December 2021 |
June 2021 | 7.0000 cents | $3.9517 | Annual Fund Distribution 2021 |
View the indicative Net Asset Value (iNav)*
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Investors should read the Product Disclosure Statement (PDS) prior to making any investment decisions.
Additional information TMD MFG Core ESG Fund Financial Services Guide
1. Read the Product Disclosure Statement (PDS)
2. Click here to APPLY NOW and start your online application process.
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Note: Magellan accepts initial direct investments from individuals with a minimum of $10,000. You must be over 18 years of age.
Additional forms Automic Withdrawal Form
Log into the online portal via the link below to:
Additional information TMD MFG Core ESG Fund Financial Services Guide
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