Montgomery is focused on the ownership of high quality businesses – that can be purchased at attractive valuations – and generating superior returns over the long term. We are value investors committed to preserving and growing your capital. Read more about our investment approach.
*this is a forward pricing fund, the price you receive is based on close of market prices.
|Montaka Global Access Fund||Montaka Global Fund (A$)||Average Net Market Exposure|
|2 Years (p.a)||10.1%||10.1%||45%|
|3 Years (p.a)||10.2%||10.2%||47%|
|Compounded annual return||5.6%||8.7%||46%|
|Distribution per unit||2.9395 cents|
|Distribution per unit||7.4407 cents|
|No distribution for the period|
|Distribution per unit||2.0 cents|
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
Units in the Montaka Global Access Fund (ARSN: 607 245 643) 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 application form attached to 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.
After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in the Montaka Global Access Fund:
Complete the online application form and ID verification online (approx. 10 minutes)
Scan the signed application form and send to the Administrator via email
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.
The Net Asset Value (after expenses) is calculated monthly, the first business day of each month.
The Montaka Global Access Fund invests in the Montaka Global Fund, an Australian unit trust offered to wholesale investors only. The Fund was established to provide retail investors with access to a sophisticated investment strategy they would not otherwise be able to access. The Fund invests in a series of interposed vehicles to share costs and to gain access to the portfolio of global listed securities.
The Montaka Global Fund will typically invest in a portfolio of 15 to 30 high conviction stocks listed on major global stock exchanges with a focus on North America, Western Europe, the United Kingdom, Japan, Hong Kong, Singapore and Australia.
The Montaka Global Fund will also short sell typically 25-40 stocks based on a novel framework that categorises stocks into at least one of the following:
The net exposure to the market (long exposure minus short exposure) would typically be between 30 per cent and 70 per cent; and can vary over time as market conditions change.
Units in the Fund will be issued and redeemed in AUD.
The assets of the Underlying Funds (Montaka Global Master Fund and Montaka Global Offshore Fund) may be invested in securities and other investments denominated in currencies other than AUD and the functional currency of the Underlying Funds, being USD. The value of such investments may be affected favourably or unfavourably by fluctuations in exchange currencies. Transactions undertaken to hedge adverse currency exchange movements may also involve the risk that a counterparty to any transaction may default on its obligation thereunder.
The Fund implements its investment strategy by investing in the Australian dollar denominated participating shares of the Underlying Funds. The Underlying Funds issue shares in other currencies.
The Underlying Funds may engage in foreign exchange hedging transactions for the Australian dollar denominated participating shares of the Underlying Funds. The relevant hedges will be based upon an estimate of the NAV of the Australian dollar denominated participating shares of the Underlying Funds on each Valuation Day (last day of each month). Any gains or losses arising on foreign exchange contracts relating to the Australian dollar denominated participating shares in the Underlying Funds will only be applied to the relevant Australian dollar denominated participating shares.
Exchange rate fluctuations and the costs of the currency hedging arrangements utilised in respect of the Australian dollar denominated shares may prejudicially affect the net asset value of such shares even where investment performance in respect of those shares is positive.
Investment is suited to those investors who prefer some exposure to overseas currencies, themes and trends through a portfolio of higher-quality global business as well as a strategy seeking to provide capital protection in falling markets.
Although no promise is made that you will make money – or that your original capital will be returned – the strategy employed by The Fund is intended to generate capital growth irrespective of market direction.
An investment in The Fund is speculative and should only be made by investors who have a broad, diverse investment portfolio and who can bear the risk of loss of some or all of their investment. We recommend that you obtain professional advice before investing in The Fund (from an appropriately licensed financial adviser and/or tax adviser).
A minimum initial investment of $50,000 is required.
Applications and payment must be received by Fundhost, the Administrator, at least five business days prior to the relevant Subscription Day.
Investors can add to their initial investment, through a lump sum additional investment.
Montaka Global Access Fund will only pay distributions it receives from The Montaka Fund. However, The Montaka Fund does not intend to pay dividends or other distributions to shareholders but intends instead to reinvest any of The Montaka Fund’s income and net realised gain. Accordingly, The Fund is not expected to have any income flow through to it from its investment in The Montaka Fund. An investment in The Fund may therefore not be suitable for investors seeking a regular income stream for financial or tax planning purposes.
Investors looking for a regular income may NOT find this fund suitable.
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:
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.
Notice period: The Montaka Global Access Fund processes withdrawals on a monthly basis
Redemptions are subject to one month plus five business days’ notice.
For anyone redeeming as at 1 July there may be a delay in receiving your redemption monies due to year end processes. Please refer to the PDS for more information.
If Fundhost are paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption instruction.