Magellan Global Opportunities Fund – Active ETF
An ASX-listed Active ETF investing in 20 to 40 of the world’s best global stocks
Comparison Data
1Performance
| 1 month | 3 month | 1 year | 3 year | 5 year | Since Inception | Inception Date |
|---|---|---|---|---|---|---|
| -5.58% | -7.05% | 7.09% | 17.98% | 1.71% | 2.59% | 11 Oct 2019 |
Fees
| Management Fee | Performance Fee | Morningstar Total Cost Ratio |
|---|---|---|
| 0.75% | - | 0.75% |
The Magellan Global Opportunities Fund - Active ETF (ASX:OPPT) offers investors access to a specialised and concentrated global equity portfolio. The strategy focuses on investing in outstanding global companies that possess sustainable competitive advantages, enabling them to generate returns on capital that materially exceed their cost over the long term.
It endeavours to acquire these high-quality businesses at a discount to their assessed intrinsic value. This intensive, bottom-up stock analysis is integrated with detailed macroeconomic analysis to manage portfolio risk and avoid over-correlation to specific economic events. The Fund’s objective is to outperform the MSCI World Net Total Return Index (AUD), net of fees, over periods of three years or longer by focusing on unconstrained, risk-adjusted returns rather than benchmark-relative performance.
The Fund is a registered managed investment scheme. Units in the Fund have been admitted to quotation on the Securities Exchange under the Securities Exchange Rules. Units in the Fund are able to be traded on the Securities Exchange like any listed security.
Investment Objective
The Fund’s investment objective is to outperform the MSCI World Net Total Return Index (AUD) net of fees over periods of three years or longer.
Investment strategy
The Fund offers investors an opportunity to invest in a specialised and focused global equity fund.
We aim to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. We endeavour to acquire these companies at discounts to their assessed intrinsic value. The Fund’s portfolio will comprise 20 to 40 investments. We believe such a portfolio will achieve sufficient diversification to ensure the Fund is not overly correlated to a single company, or to industry specific or macroeconomic risks.
The Fund will not typically invest in individual companies with a market capitalisation of less than US$10 billion at the time of investment.
Read the Product Disclosure Statement prior to making any investment decisions.
Important Documents
Target Market Determination (TMD)
Financial Services Guide (FSG)
1. Invest through the ASX
Check the OPPT current share price and buy on the ASX.
2. Invest directly with the fund
Complete the PDF Application Form
Complete and submit the application form via the Invest Now button on this page.
Alternatively, you can complete the PDF form digitally, or print and complete manually. You will be guided by the Application Form if you also need to complete any CRS forms.
Send application form to Apex Group
Apex Fund Services - Unit Registry
GPO Box 143
Sydney NSW 2001
Or via email to magellanfunds@apexgroup.com
Speak with your adviser/broker. To find an adviser, visit Financial Advice Association Australia.
The Fund’s investment objective is to outperform the MSCI World Net Total Return Index (AUD) net of fees over periods of three years or longer.
Invest In The World's Best
The Magellan Global Opportunities Fund seeks to invest in outstanding companies at attractive prices, while exercising a deep understanding of the macroeconomic environment to manage investment risk.
Magellan perceives outstanding companies to be those that are able to sustainably exploit competitive advantages in order to continually earn returns on capital that are materially in excess of their cost of capital.
While Magellan is extremely focused on fundamental business value, it is not a typical 'value' investor. The Magellan Global Opportunities Fund - Active ETF will aim to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. We endeavour to acquire these companies at discounts to their assessed intrinsic value. Equities that appear undervalued on the basis of a low price-to-earnings or price-to-book multiples will often prove to be poor investments if the underlying business is fundamentally weak and exhibits poor returns on capital.
Magellan focuses on risk-adjusted returns, rather than benchmark-relative returns. As a result, the Fund's investment process is designed to generate an unconstrained, concentrated portfolio of high-quality companies.
The Fund’s portfolio will comprise 20 to 40 investments. Magellan believes such a portfolio will achieve sufficient diversification to ensure the Fund is not overly correlated to a single company, or to industry specific or macroeconomic risks.
The Magellan Global Opportunities Fund's investment process integrates three key disciplines:
Intensive bottom-up stock analysis and industry research is undertaken in order to identify outstanding companies. This involves the assessment of potential investments against key quality criteria, as well as assessments of their intrinsic value. Magellan uses a proprietary ranking tool, the Magellan Conviction Scoring Matrix, to rank these companies based on these factors. This process enables the portfolio to be weighted towards higher conviction ideas (on a risk-adjusted basis).
Magellan's detailed macroeconomic analysis is overlayed during portfolio construction, alongside the application of both fixed and dynamic risk limits. This process ensures that the portfolio is not overly exposed to aggregation risk (risk which arises from correlated portfolio positions) or macroeconomic event risk. Macroeconomic event risk can be a significant source of negative returns for investors. Magellan will make significant changes to the portfolio if it believes that macroeconomic events could lead to significant and sustained loss in value for investors. Such events would include a financial crisis, a sustained oil price shock, a global pandemic or a major global conflict.
Click here to view our latest Performance details.
Important Information: Units in the fund(s) referred to herein are issued by Magellan Asset Management Limited ABN 31 120 593 946, AFS Licence No. 304 301 trading as Magellan Investment Partners (‘Magellan Investment Partners’). This material is issued by Magellan Investment Partners and has been prepared for general information purposes only and must not be construed as investment advice or as an investment recommendation. This material does not take into account your investment objectives, financial situation or particular needs. This material does not constitute an offer or inducement to engage in an investment activity nor does it form part of any offer documentation, offer or invitation to purchase, sell or subscribe for interests in any type of investment product or service. You should obtain and consider the relevant Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) and consider obtaining professional investment advice tailored to your specific circumstances before making a decision about whether to acquire, or continue to hold, the relevant financial product. A copy of the relevant PDS and TMD relating to the relevant Magellan Investment Partners financial product may be obtained by calling +61 2 9235 4888 or by visiting www.magellaninvestmentpartners.com.
Past performance is not necessarily indicative of future results and no person guarantees the future performance of any fund, the amount or timing of any return from it, that asset allocations will be met, that it will be able to implement its investment strategy or that its investment objectives will be achieved. Statements contained in this material that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Magellan Investment Partners or the third party responsible for making those statements (as relevant). Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. This material may contain ‘forward-looking statements’. Actual events or results or the actual performance of a Magellan Investment Partners financial product or service may differ materially from those reflected or contemplated in such forward-looking statements. This material may include data, research and other information from third-party sources. No guarantee is made that such information is accurate, complete or timely and no warranty is given regarding results obtained from its use. This information is subject to change at any time and no person has any responsibility to update any of the information provided in this material. No representation or warranty is made with respect to the accuracy or completeness of any of the information contained in this material. Magellan Investment Partners will not be responsible or liable for any losses arising from your use or reliance upon any part of the information contained in this material. This material and the information contained within it may not be reproduced, or disclosed, in whole or in part, without the prior written consent of Magellan Investment Partners.
Further information regarding any benchmark referred to herein can be found at www.magellaninvestmentpartners.com/funds/benchmark-information/. (080825-#W14)
Any third-party trademarks contained herein are the property of their respective owners and Magellan claims no ownership in, nor any affiliation with, such trademarks. Any third-party trademarks that appear in this material are used for information purposes and only to identify the company names or brands of their respective owners. No affiliation, sponsorship or endorsement should be inferred from the use of these trademarks.
All MSCI data used is the property of MSCI. No use or distribution without written consent. Data provided “as is” without any warranties. MSCI and its affiliates assume no liability for or in connection with the data. Please see complete disclaimer in www.magellaninvestmentpartners.com/funds/benchmark-information/.
We are dedicated partners, driven by a focus on understanding client needs and providing specialist investment solutions. Our clients sit at the core of what we do – and with almost 20 years of expertise and operational excellence, our expert teams go above and beyond to deliver value.
We bring the best of both worlds - exceptional depth of global knowledge along with the accessibility of dedicated teams. Together, this positions us to seamlessly and consistently deliver tailored top-tier solutions.
Our proven and highly qualified distribution and institutional grade platform enable our investment managers to focus on what they do best—managing portfolios and delivering long-term financial outcomes for every client.
Headquartered in Australia, we bring to market investment solutions managed by Magellan Global Equities, Magellan Global Listed Infrastructure, Airlie Funds Management (Australian equities) and Vinva Investment Management (global and Australian systematic equities).
Alan Pullen is Co-Portfolio Manager for Magellan’s Global Equity Strategies. Alan joined Magellan in 2012 as an analyst in the Financials team and was appointed Head of the Financials team in 2014. In 2017, he became the Portfolio Manager for Magellan’s US Sustainable Strategy and in 2021 established the Magellan Global Opportunities Strategy.
In 2023, he also assumed the role of Portfolio Manager for the Magellan Global Sustainable Strategy and from October 2022 to September 2024, Alan was the Co-Portfolio Manager of the Magellan High Conviction Strategy.
Prior to Magellan, Alan spent nearly seven years as an analyst and portfolio manager at Maple-Brown Abbott, primarily covering financials in Asia ex-Japan. Alan also worked for six years as an economist at the Reserve Bank of Australia, spending time as a banking sector analyst and in the Reserve Bank’s business liaison program. Alan holds a Bachelor of Economics (Honours) from the University of Tasmania.
Alan is a member of Magellan’s Investment Committee.
Ryan Joyce - Deputy Portfolio Manager and Sector Head Financials and Technology
Ryan has been at Magellan since 2012. In 2025, Ryan was appointed Deputy Portfolio Manager, building on his role as Sector Head Financials & Technology. During his time with Magellan, Ryan has also covered consumer, industrial and infrastructure companies and spent two years in the New York office from 2015 to 2016.
Prior to Magellan, Ryan spent two years as a civil engineer. Ryan is a CFA Charterholder and holds a Bachelor of Engineering (First Class Honours) from the University of Queensland and a Graduate Certificate in Commerce. Ryan is a member of Magellan’s Investment Committee.
This Financial Services Guide (“FSG”) is an important document. It is designed to assist you in deciding whether to use any of the financial services and products offered by Magellan Asset Management Limited ABN 31 120 593 946 (“Magellan”, “we” or “us”). As an Australian Financial Services Licensee (AFSL no. 304301), Magellan is required to provide you with this FSG if we provide certain financial services to you and you are a retail client.
Click here for the latest reports and ASX releases.
Click here for latest Insights.
Our portfolio managers share their expert insights as they reflect on the past year's market performance and provide their outlook for investors in the coming year. Click here to read our latest Investor Letters.
You have the choice of either buying units on the Securities Exchange via your stockbroker/online broker or applying directly with the Responsible Entity by completing an Application Form.
If you hold your investments via an investment administration platform, you should consult your financial adviser who will be able to assist you in investing in the Fund.
There are important differences between investing in the Fund through the Securities Exchange or by applying directly with the Responsible Entity, including the price you will receive.
You should read the Product Disclosure Statement (PDS) and the Target Market Determination (TMD) before making any decision on how to invest in the Fund.
If you invest on the Securities Exchange there is no initial minimum investment amount.
If you invest directly with the Responsible Entity by sending us an Application Form, the minimum initial investment is A$25,000.
Additional investments can be made into an existing account at any time. No minimum applies for additional investments by BPAY. A minimum of $5,000 applies to EFT and cheque payments.
You will typically have a HIN if you bought your units on the Securities Exchange through a stockbroker and an SRN if you applied for units directly with the Responsible Entity.
A HIN is a Holder Identification Number issued by your stockbroker. It is a unique number used to link all your holdings, stocks, shares, and not specific to just Magellan. A HIN is 11 characters long. It starts with an ‘X’ followed by 10 digits. For example: X0001235898.
An SRN is a Securityholder Reference Number issued by the Fund’s Unit Registry and is your unique identifier in the Fund. An SRN is 11 characters long and starts with an ‘I’ followed by 10 digits. Example: I00874500369. Your SRN will be stated on your first confirmation statement and partly masked for subsequent statements.
If you're unsure of your SRN, please contact the Fund's unit registry for assistance. If you are unsure of your HIN, please contact your stockbroker. Further information can be located on our Insights Section via the following link /insights/magellan-explains-single-unit-structure/
If you have invested directly with the Responsible Entity, you will receive your transaction confirmations from the Unit Registry, which will include your SRN. If you have invested directly with the Responsible Entity and have chosen to receive communication via email, you will receive confirmation of your investment from the Fund's unit registry (upon receipt of your correctly completed Application Form (or notice of additional investment) and cleared application monies.
If you have purchased your units on the Securities Exchange, your stockbroker or online broker will issue the transaction confirmation.
During distribution periods (at the start of July and the start of January for some funds) receipt of your confirmation statement may be delayed by 10-15 business days.
The Responsible Entity has established a DRP in respect of distributions made by the Fund. In respect of each distribution, the Responsible Entity may elect to offer or not offer the DRP. Under the DRP Rules, an investor may elect to have all, or part of the distribution that is payable to that investor reinvested as additional units in the Fund. The additional units will be issued at a price equal to the NAV per Unit, as provided in the DRP Rules. The DRP Rules provide detail on the methodology for determining the price at which units are issued to investors and can be found here. Details in relation to each distribution will be published on the announcements platform of the Securities Exchange Operator and the Fund’s website at www.magellaninvestmentpartners.com/funds/distributions/.
The following information is available on the ASX announcements platform and/or our website:
- information about the Net Asset Value of the fund’s underlying investments daily;
- information about withdrawals from the fund and the number of units on issue;
- information about distributions paid in relation to the Fund’s Units;
- monthly fund factsheets;
- the full portfolio on a quarterly basis with a one-month delay;
- information that we disclose to ASIC which is not generally available and that a reasonable person would expect, if the information were generally available, to have a material effect on the price or value of the fund's units (as required under section 675 of the Corporations Act); and
- any information that is provided to an overseas stock exchange and would be required to be disclosed to the ASX under section 323DA of the Corporations Act as if the fund was admitted under the ASX Listing Rules.
Investors can exit the Fund either by directly making a withdrawal request to the Responsible Entity or by selling units on the Securities Exchange. You need to hold your units on the issuer sponsored sub-register to make a withdrawal request directly to the Responsible Entity. Your stockbroker can assist you with this process if you hold your units on a HIN. The method by which you enter the Fund does not affect the method by which you can exit the Fund. If you enter the Fund by buying units on the Securities Exchange, you can exit the Fund by selling units on the Securities Exchange or by withdrawing directly with the Responsible Entity. If you enter the Fund by applying for units directly with the Responsible Entity you can exit the Fund by selling units on the Securities Exchange or by withdrawing directly with the Responsible Entity.
| To make a withdrawal request with the Responsible Entity | |
| If you have a Securityholder Reference Number (SRN) or Investor Number | You will need to provide your SRN or Investor Number on your Withdrawal Form. |
| If you have a Holder Identification Number (HIN) with your stockbroker or online broker |
You will need to convert your holding from your HIN with your stockbroker or online broker to an SRN issued by the unit registry.
This is a standard process which your stockbroker or online broker can assist you with. |
| To sell your units on the Securities Exchange | |
| If you have a Securityholder Reference Number (SRN) or Investor Number |
You can provide your SRN to certain stockbrokers who can sell your units on your behalf.
If your stockbroker does not offer this service, you will need to ask your stockbroker to convert or transfer your holding onto a HIN. This is a standard process which your stockbroker can assist you with. You can then instruct your stockbroker to sell your units on the Securities Exchange. |
| If you have a Holder Identification Number (HIN) with your stockbroker | You can instruct your stockbroker to sell your units on the Securities Exchange. |
There are important differences between exiting the Fund via the Securities Exchange or by withdrawing directly with the Responsible Entity, including the price you will receive. You should read the Product Disclosure Statement (PDS) or consult with your financial adviser before making any decision on how to invest in the Fund.
The Responsible Entity intends to target a cash distribution which will be published on the announcements platform of the Securities Exchange Operator and the Fund’s website at
magellaninvestmentpartners.com/funds/distributions/. (“Target Cash Distribution”).
The Responsible Entity has the discretion to distribute an amount higher than the Target Cash Distribution. The distribution per unit will be paid semi-annually (for the periods ending 30 June and 31 December of each year) although the Fund may make distributions more or less frequently at the discretion of the Responsible Entity.
The distribution may comprise an amount attributed to you from income (such as dividends received from shares and interest) less expenses incurred by the Fund (such as management and performance fees) plus net capital gains made on the sale of shares or other investments held. In some circumstances, the Fund may distribute a payment out of the capital invested in addition to a distribution of net income or net capital gains, or where the Fund has not generated any net income or net capital gains during the income year. The distribution investors may receive will be based on the number of units they hold at the nominated record date. It is not pro-rated according to the time that investors have held their units.
Magellan’s Active ETFs (Exchange-Traded Funds) are actively managed investment funds, which means an investment fund manager or investment team are making decisions about the underlying investment portfolio allocation. The ETFs are quoted on a securities exchange and can be bought and sold just like any other stock listed on an exchange. These funds provide investors with easy access to the benefits of investing in global equities and the investment experience and expertise of Magellan. Further information can be located on our Insghts Section via the following link magellaninvestmentpartners.com/insights/magellan-explains-exchange-traded-funds/
Tags
Published by Magellan Asset Management Limited
INFRASTRUCTUREMANAGED FUND
INVESTOR EDUCATION
INVESTOR EDUCATION
Published by Magellan Asset Management Limited
Statutory Statement
The issuer of this product is identified at the top of this page. The PDS and target market determination for the product are available in the Documents section of this listing. Prospective investors should consider the PDS before deciding to acquire the product. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
General Disclaimer
IMPORTANT STATEMENT ABOUT YOUR USE OF THIS SITE
Information on this site is intended for Australian users only.
This site is operated by Investment Markets (Aust) Pty Ltd. (ACN 634 057 248) (IMA, we, us and our), the holder of Australian Financial Services Licence (AFSL) no. 527875. The content is provided solely for information purposes, is not a recommendation or an offer to buy or sell a security, and is not warranted to be correct, complete or accurate. To the extent permitted by law, neither IMA, its affiliates, nor the content providers (such as the issuers of securities who appear on the site) are responsible for any investment decisions, damages or losses resulting from, or related to, the content, data and analyses or their use. The investment products on this site and any statements made about them by their issuers are not vetted, verified or researched by IMA. The presence of an investment product on this site should not be interpreted as an implied endorsement of it by IMA. Certain content provided may constitute a summary or extract of another document such as a Product Disclosure Statement. To the extent any content is general advice, it has been prepared by IMA. Any general advice has been provided without reference to your investment objectives, financial situations or needs. For more information refer to our Financial Services Guide. To obtain advice tailored to your situation, contact a financial advisor. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (or other offer document) before making any decision to invest. Past performance does not necessarily indicate an investment product’s future performance. The content is current as at date of initial publication and may not be current as at your date of viewing. For a more complete understanding of all the terms and conditions of your use of this site click here.
1 For use in Australia: © 2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied, adapted or distributed; (3) is not warranted to be accurate, complete or timely and 4) has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), subsidiary of Morningstar. Neither Morningstar nor its content providers are responsible for any damages arising from the use and distribution of this information. Past performance is no guarantee of future results.
Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at http://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Morningstar's publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar's full research reports are the source of any Morningstar Ratings and are available from Morningstar or your advisor. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a financial advisor. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782.