Montaka Global Access Fund

A global equity long short fund that benefits from buying extraordinary businesses
in selected global markets at discounts to intrinsic value as well as taking positions
on businesses we believe are faltering. Minimum initial investment: $50,000.

How to Invest
Are you an Adviser? Please visit our adviser area for fund details.

Features

  • Provides access to a fund which seeks to generate returns from both extraordinary and deteriorating businesses
  • Employs a bottom-up global equity long/short strategy
  • Typically invests in companies listed in North America, Western Europe, the United Kingdom, Japan, Hong Kong, Singapore and Australia

Benefits

  • Provides affordable access to a sophisticated investment strategy, as this fund invests in the wholesale Montaka Global Fund, available to wholesale investors with more than $1 million to invest
  • Aiming for greater capital protection when share markets turn down through a reduced Net Market Exposure
  • Aiming for a low correlation to equity markets and most other asset classes

Inside the Montaka Global Access Fund

 
Learn How to Invest

Our Approach

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.

Find Out More

FUND PERFORMANCE AND PRICING

Returns Since Inception to 30/09/2019 (After all fees)

20.6%
Montaka Global Access Fund (1)
38.2%
Montaka Global Fund (2)
47%
Average Net Market Exposure

Most Recent Unit Price*

See History
Buy
1.0756
Redeem
1.0756
Mid
1.0756

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

Fund Performance

  Montaka Global Access Fund Montaka Global Fund (A$) Average Net Market Exposure
1 month -1.5% -1.5% 54%
3 months -1.7%  -1.7%  50%
12 months 1.7% 1.6% 48%
2 Years (p.a) 7.7% 7.7% 46%
3 Years (p.a) 8.9% 8.9% 47%
Since inception 20.6% 38.2% 47%
Compounded annual return 4.9% 7.9% 47%
The Montaka Global Access Fund (1) inception date is 01/11/2015. The Montaka Global Fund (2) inception date is 01/07/2015. Performance is net of fees and assumes distributions are reinvested, which is industry standard. Past performance is not an indicator of future performance.
Performance Chart
Income Distribution
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June 2019  
Distribution per unit 2.9395 cents
Reinvestment price  $1.0937
June 2018  
Distribution per unit 7.4407 cents
Reinvestment price $1.0926
June 2017  
No distribution for the period  
June 2016  
Distribution per unit 2.0 cents
Reinvestment price $0.8981

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.

How to Invest

After accessing the Product Disclosure Statement and reading in full the investment objectives and risks of investing in the Montaka Global Access Fund:

1

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

2

Scan the signed application form and send to the Administrator via email

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.

Want to invest in your personal super instead?

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

Net Wealth

NOT READY TO INVEST YET?

Download the fund information pack or if you would prefer to talk it over, call David Buckland or Dean Curnow on 02 8046 5000 to discuss The Montgomery Fund in more detail.

Download the Fund Info Pack
02 8046 5000
Dean Curnow
Account Manager
dean curnow
David Buckland
Chief Executive Officer
david buckland

Have More Questions?

Frequently Asked Questions

  • 1. How often does the Montaka Global Access Fund price?

    The Net Asset Value (after expenses) is calculated monthly, the first business day of each month.

  • 2. How is the portfolio constructed?

    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:

    1. thematic structural declines
    2. divergent expectations
    3. asymmetries; and/ or
    4. misperceptions.

    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.

  • 3. How does the Montaka Global Access Fund deal with foreign exchange?

    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.

  • 4. Is the Montaka Global Access Fund suitable for me?

    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).

  • 5. What is the minimum initial investment?

    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.

  • 6. How often is income paid?

    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.

  • 7. 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:
    Log In

  • 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.

    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.

Have another questions?

September 27, 2019

Can high profit margins hurt?

By Andrew Macken

Much has been written about Kraft Heinz (NASDAQ: KHC): a business which names Warren Buffett’s Berkshire Hathaway as its largest shareholder and one with a stock price that has declined by around 70 percent over the last two years.
Read Article
Share
September 12, 2019

How to navigate this confusing market

By Andrew Macken

Andrew Macken joined Tom Piotrowski at CommSec on the Executive Series to discuss the outlook for global markets. With a wide range of possible outcomes for many global scenarios there are some key themes which you should be aware of. Watch here.
Read Article
Share
August 29, 2019

Alibaba has a hidden cloud too?!

By Christopher Demasi

Earlier this month I wrote that Alphabet, owner of Google, had a Fortune 500 size business hidden away in its “Other” reported revenues: Google Cloud. But did you know that Alibaba, the Chinese owner of the world’s largest e-commerce platform, also has a massive cloud business? Alibaba operates both Taobao and Tmall.
Read Article
Share
August 27, 2019

One reason why the Fed can’t raise rates

By Andrew Macken

A lot is being written about the low interest rate environment in which we find ourselves. And rightly so: we would rank this as the number one most powerful force affecting asset prices today. As for the reasons behind the interest rate dynamics we are seeing, there are many – including those related to demographics, technology and globalization.
Read Article
Share

THINK FOR YOURSELF.
WE DO.

At Montgomery, we’re independent thinkers who look past market noise to focus on the long-term prospects for companies. We don’t follow the herd. Subscribe now to receive our articles, whitepapers and insights.

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Have you considered our other funds?

The Montgomery Fund

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  • Concentrated high conviction equities
  • From $25,000
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Montgomery Global Fund

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  • From $25,000
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Montgomery Alpha Plus Fund

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Montgomery Global Equities Fund (ASX:MOGL)

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  • No minimum investment - see your broker limits
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Close

Our Funds

Concentrated High Conviction Equities

Listed

Montgomery Global Equities Fund (ASX:MOGL)

Global
Available on the ASX as an Exchange Traded Managed Fund, invests in 15 to 30 quality global businesses for long-term capital growth with a target distribution yield of 4.5% per annum. Mirrors the strategy of the Montgomery Global Fund.
Unlisted From $25,000

Montgomery Global Fund

Global
Invests in 15 to 30 quality global businesses for long-term capital growth. Priced daily. Mirrors the strategy of the Montgomery Global Equities Fund (ASX:MOGL).
Unlisted from $25,000

The Montgomery Fund

Australia/NZ
Aims to provide long-term growth and income by investing in 20 to 40 high-quality Australian and New Zealand businesses trading at attractive valuations. Priced daily.
New Fund

Montgomery Small Companies Fund

Australia/NZ
Aims to provide long-term growth by investing in 30 to 50 high quality, undervalued, Australian and NZ small and emerging companies with strong growth potential. Priced daily.
Unlisted from $1 Million

The Montgomery [Private] Fund

Australia/NZ
Seeks to deliver absolute returns from a portfolio of high-quality Australian and New Zealand businesses. Capital preservation is paramount. By invitation only.

Alternate Equity Strategies

Unlisted from $50,000

Montgomery Alpha Plus Fund

Global
Aims to generate positive returns in both rising and falling markets. Invests in 80 to 180 global businesses expected to deliver above-average returns, while selling short a similar-sized portfolio expected to deliver below-average returns. Priced daily.
Unlisted from $50,000

Montaka Global Access Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. Priced monthly. Provides retail investors access to the Montaka Global Fund.
Unlisted From $1 Million

Montaka Global Fund

Global
Aims to generate materially higher risk-adjusted returns, net of fees, than is generally available in the equities market over the medium term. By invitation only.