The Montaka Global Long Only Fund is highly focussed on investing in long-term winners in attractive transforming markets when they are undervalued and offer outsized return potential.
The Fund aims to outperform the Index, net of fees, over the long-term. Investors can invest and redeem daily at net asset value plus/minus a small spread by applying and redeeming directly with the Fund.
Significant features
The Fund typically invests in a high conviction portfolio of 15 to 30 stocks listed on major global stock exchanges. The Fund’s objective is to outperform the MSCI World Net Total Return Index, in Australian Dollars, over a rolling 5 year period, net of fees. Returns are not guaranteed.
Significant benefits
There are many benefits of investing in The Fund. Some of the significant benefits include:
The Fund aims to provide investors with long term capital growth through a portfolio of quality global shares and to outperform the MSCI World Net Total Return Index, in Australian Dollars over a rolling 5-year period, net of fees.
Note the investment return objective is not intended to be a forecast. It is merely an indication of what The Fund aims to achieve over the medium to longer term on the assumption that equity markets remain relatively stable throughout the investment term. The Fund may not be successful in meeting this objective. Returns are not guaranteed.
Montaka Global has developed a proprietary approach to fundamental research to help achieve the investment return objective.
The Fund will generally hold shares listed on the major global stock exchanges and some cash. The portfolio allocation will generally be:
Target Range
Assets | Lower | Higher | Typical |
Global shares | 80% | 100% | 95% |
Cash | 0% | 20% | 5% |
Montaka Global adjusts the investment mix within the target ranges above. The “typical” position is where Montaka Global aims to have The Fund invested given a fairly valued investment market. All other things being equal, the “typical” position would be the investment mix of The Fund.
The cash component of the portfolio may be allowed to build to a level of 20% during periods when the Montaka Global investible universe is unappealing in terms of margin of safety or in anticipation of extreme market dislocation. Montaka Global may also contemplate protecting the value of The Fund by, for example, buying put options over the major global stock exchange indices.
Remember the investment mix can change within the ranges significantly and sometimes quickly.
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Montaka Global is a specialist global equities manager established in 2015 by Andrew Macken and Christopher Demasi with offices in Sydney, Melbourne and New York.
Montaka’s mission is to achieve superior long-term compounding of investor capital, alongside the capital of our principals, team, and owners.
Overview of Montaka
Boutique specialist global equities manager
Strategic long-term relationships
Concentrated and patient portfolio of winners
We can be a partner of choice for global equities.
Andrew established Montaka in 2015 in Sydney. Prior to this, Andrew lived in New York working as a senior member of Jim Chanos’ research team at Kynikos Associates, a multi-billion dollar global long short hedge fund. It was here where Andrew developed particular expertise in short portfolio management.
Prior to this, Andrew worked as a management consultant at Port Jackson Partners (PJP), a leading advisor to corporates based in Australia and abroad. At PJP, Andrew focused on corporate strategy for major clients in Australia and overseas.
Andrew holds a Master of Business Administration (Dean’s List) from the Columbia Business School in New York. Previous to this, Andrew also graduated with a Master of Commerce (High Distinction), focusing on Finance; and First Class Honours with a Bachelor of Engineering under a Co-Op Scholarship from the University of New South Wales in Sydney.
Andrew is a founding shareholder in Montaka Global Investments.
Christopher joined Montaka in January 2015 after more than four years with LFG, the private investment group of the Lowy family. Christopher was a senior member of the LFG investment team – a group focused on investing the family’s significant capital directly in public equities across a broad range of geographies and industries. After an initial period in Sydney, Christopher relocated to help LFG establish its New York office.
Prior to this, Christopher worked as a Research Analyst at One East Partners, a multi-billion dollar global long/short fund based in New York, where he concentrated on fundamental and event-driven global equity investments. He began his career in the Investment Banking Division at Goldman Sachs in Sydney.
Christopher holds a Bachelor of Commerce (Double Major in Actuarial Studies and Finance) with High Distinction under a Co-Op Scholarship from the University of New South Wales in Sydney. Christopher is a founding shareholder of Montaka Global Investments.
July Factsheet
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The Montaka Global Long Only Fund will typically invest in an all-cap portfolio of 15 to 30 high quality businesses listed on major global stock exchanges with a focus on North America, Western Europe, the United Kingdom, Japan, Hong Kong, Singapore and Australia.
If an insufficient number of individual company names are appealing in terms of the prevailing share price relative to the Montaka Global’s assessment of their intrinsic value, we may consider the overall market ‘expensive’ and in an effort to preserve the market value of the portfolio, may allow the cash component of the portfolio to build.
The component of The Fund that can be held in cash has a hard limit of 20% of funds under management.
Montaka Global may, on occasion, hedge the Fund against movements in the Australian Dollar and other currencies, but the default position is to remain unhedged.
Montaka Global Long Only Fund is an unlisted managed fund that issues you with units. Montaka Global Long Only Equities Fund (ASX:MOGL) is a listed fund, quoted on the ASX, and issue investors with units that can be traded at any time through an online trading account or through a stock broker.
While they are completely different trusts under separate investment vehicles, both funds share the same common investment strategy and we expect that performance will closely follow the equivalent listed Montaka Global Long Only Equities Fund (ASX:MOGL), as it maintains the same investment strategy, investment process and substantially the same portfolio.
A minimum initial investment of $25,000 is required.
You may also arrange to add to your initial investment through a lump sum additional investment, for which there is a minimum of $1,000, or direct debit monthly savings plan, requiring a minimum investment of $500 per month. This is processed on the 15th of each month or the next business day.
Any income distributions are paid semi-annually (as at 30 June and 31 December each year) and can be reinvested in full or paid out entirely to the financial institution account nominated on your application form. We distribute all taxable income to investors each year, including any taxable capital gains. Distributions may also carry imputation or other tax credits. There may be periods when net income could be negative and no distribution is made.
To redeem your holding, simply fill out the form and have it signed by the relevant signatory on the account. If Fundhost are paying to a bank account they have on file, they can accept a faxed or scanned copy of the redemption request. If not, then you need to return the original to the below address:
Fundhost Ltd
PO Box N561
GROSVENOR PLACE NSW 1220
Click below to download:
For any questions, please call Fundhost on 02 8223 5400
Notice period: In normal circumstances, redemptions are processed daily, with funds generally received back to the investor within 2 business days. The cut off to receive your redemption request to receive that days price is 4pm Sydney time. Please refer to the PDS for more information.
If you do not have an SMSF and want to invest your personal superannuation into the Montaka funds, you can get in touch with us and we will be happy to guide you through the process.
No commissions are paid by us to any financial advisers or brokers.
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.
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