An actively managed, research driven and competitively priced portfolio of 70-90 of the world's best businesses. The fund leverages Magellan's DNA, that is Magellan's proprietary definition of quality, investment process and investment team.
Invest NowA diversified global equities portfolio of 70-90 of the world’s best companies - those that have sustained competitive advantages enabling them to generate attractive returns into the future.
You buy from the world's best companies, so why not invest in them? To learn more about investing in international equities
Read more (PDF)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’. Identifying companies with unique attributes enable the business to generate attractive sustainable returns over the longer-term.
The Fund’s primary investment objective is to achieve attractive risk-adjusted returns over the medium to long term through investment in a diversified portfolio of high quality companies.
Magellan’s DNA is focused on our people and our process. Our definition of quality is thoughtful and considered. The definition is forward looking and qualitative, and relies on Magellan’s experienced investment team, vs. historical quantitative metrics. This determination is a qualitative assessment, historical data can often be a poor guide for the future.
The investment team undertakes active fundamental research, to identify the unique attributes of a company that enable it to generate sustainable attractive returns over the longer-term. This process is overseen by the Investment Committee and Portfolio Managers. We regard companies with an economic moat, or sustainable competitive advantage as key to investing with a long-term horizon. Identifying businesses with strong moats (for example – brand, scale or industry structure), sensible management, the ability to invest capital at high rates of return and with discernible tailwinds, means we are positioning our portfolio towards those businesses that are most likely to succeed and thus enabling better outcomes for our investors.
Businesses protected by structural advantages in combination with the opportunity for sustainable growth at strong returns are more valuable. As such, the MFG Core International Fund is designed to provide investors with a diversified portfolio of high-quality companies with the opportunity to compound their earnings over time, while avoiding the bad and ugly within the index.
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Units | |
Bloomberg | MCSG AU EQUITY |
Thomson Reuters | MCSG.CHA |
IRESS | MCSG.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.
The inception date represents the first date the Fund was offered to retail investors.
** 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 investment research DNA is based on the proven ability to find the world's best businesses. This forward-looking assessment of advantages, disruption and risk mitigation is a key tenet of Magellan's long-term investment process that seeks to grow our client's portfolios over the medium to long term, coupled with capital protection objectives.
This process is predicated on building in-depth knowledge and expertise on the economics and key risk considerations of each business within our universe.
Born out of Magellan's investment research DNA, the MFG Core International Fund focuses on five key factors when identifying the universe and assessing businesses:
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 our assessment of by quality after allowing for minimum diversification.
The portfolio is seeded with an unconstrained weighting based on market capitalisation and quality. Quality companies 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 International | -1.19% | 3.47% | 13.62% | 9.39% |
Benchmark* | -0.74% | 6.12% | 14.12% | 11.06% |
Out/Under Performance | -0.45% | -2.65% | -0.50% | -1.67% |
* 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 | |
---|---|
LVMH Moet Hennessy Louis Vuitton | 3.0% |
Home Depot Inc | 3.0% |
Nestlé SA | 3.0% |
Proctor & Gamble | 3.0% |
Coca-Cola Company | 2.9% |
% weight | |
---|---|
Alphabet Inc | 2.9% |
Apple Inc | 2.9% |
PepsiCo Inc | 2.9% |
Hermes International | 2.9% |
Amazon.com Inc | 2.9% |
Date | Net Asset Value | Entry | Exit |
---|---|---|---|
07/12/2023 | 4.1714 | 4.1756 | 4.1672 |
06/12/2023 | 4.1693 | 4.1735 | 4.1651 |
05/12/2023 | 4.1829 | 4.1871 | 4.1787 |
04/12/2023 | 4.1529 | 4.1571 | 4.1487 |
01/12/2023 | 4.1521 | 4.1563 | 4.1479 |
30/11/2023 | 4.1297 | 4.1338 | 4.1256 |
29/11/2023 | 4.1134 | 4.1175 | 4.1093 |
28/11/2023 | 4.1009 | 4.1050 | 4.0968 |
27/11/2023 | 4.1290 | 4.1331 | 4.1249 |
24/11/2023 | 4.1473 | 4.1514 | 4.1432 |
23/11/2023 | 4.1592 | 4.1634 | 4.1550 |
22/11/2023 | 4.1731 | 4.1773 | 4.1689 |
21/11/2023 | 4.1340 | 4.1381 | 4.1299 |
20/11/2023 | 4.1396 | 4.1437 | 4.1355 |
17/11/2023 | 4.1452 | 4.1493 | 4.1411 |
16/11/2023 | 4.1493 | 4.1534 | 4.1452 |
15/11/2023 | 4.1191 | 4.1232 | 4.1150 |
14/11/2023 | 4.1342 | 4.1383 | 4.1301 |
13/11/2023 | 4.1158 | 4.1199 | 4.1117 |
10/11/2023 | 4.1338 | 4.1379 | 4.1297 |
09/11/2023 | 4.0718 | 4.0759 | 4.0677 |
08/11/2023 | 4.0880 | 4.0921 | 4.0839 |
07/11/2023 | 4.0682 | 4.0723 | 4.0641 |
06/11/2023 | 4.0046 | 4.0086 | 4.0006 |
03/11/2023 | 3.9937 | 3.9977 | 3.9897 |
02/11/2023 | 4.0129 | 4.0169 | 4.0089 |
01/11/2023 | 3.9614 | 3.9654 | 3.9574 |
31/10/2023 | 3.9584 | 3.9624 | 3.9544 |
30/10/2023 | 3.9140 | 3.9179 | 3.9101 |
27/10/2023 | 3.8725 | 3.8764 | 3.8686 |
26/10/2023 | 3.9097 | 3.9136 | 3.9058 |
25/10/2023 | 3.9531 | 3.9571 | 3.9491 |
24/10/2023 | 3.9629 | 3.9669 | 3.9589 |
23/10/2023 | 3.9529 | 3.9569 | 3.9489 |
20/10/2023 | 3.9523 | 3.9563 | 3.9483 |
19/10/2023 | 3.9931 | 3.9971 | 3.9891 |
18/10/2023 | 3.9800 | 3.9840 | 3.9760 |
17/10/2023 | 4.0012 | 4.0052 | 3.9972 |
16/10/2023 | 4.0141 | 4.0181 | 4.0101 |
13/10/2023 | 3.9972 | 4.0012 | 3.9932 |
12/10/2023 | 3.9944 | 3.9984 | 3.9904 |
11/10/2023 | 3.9857 | 3.9897 | 3.9817 |
10/10/2023 | 3.9917 | 3.9957 | 3.9877 |
09/10/2023 | 3.9668 | 3.9708 | 3.9628 |
06/10/2023 | 3.9808 | 3.9848 | 3.9768 |
05/10/2023 | 3.9508 | 3.9548 | 3.9468 |
04/10/2023 | 3.9883 | 3.9923 | 3.9843 |
03/10/2023 | 3.9573 | 3.9613 | 3.9533 |
02/10/2023 | 3.9637 | 3.9677 | 3.9597 |
29/09/2023 | 3.9282 | 3.9321 | 3.9243 |
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 | 7.5700 cents | $4.0900 | Annual Fund Distribution 2023 |
December 2022 | 7.00 cents | $3.5025 | Interim Fund Distribution - 31 December 2022 |
June 2022 | 7.0000 cents | $3.4180 | Annual Fund Distribution 2022 |
December 2021 | 7.0000 cents | $4.2608 | Interim Fund Distribution - 31 December 2021 |
June 2021 | 7.0000 cents | $3.9023 | Annual Fund Distribution 2021 |
View the indicative Net Asset Value (iNav)*
Check the current share price MCSG
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Investors should read the Product Disclosure Statement (PDS) prior to making any investment decisions.
Additional information TMD - MFG Core International Fund Financial Services Guide
1. Read the Product Disclosure Statement (PDS)
2. Click here to APPLY NOW and start your online application process.
You will need the following information handy to support your online application:
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 International Fund Financial Services Guide
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