Benefits of investing in the Magellan Wholesale Plus Infrastructure Fund

Investing in the Fund offers investors a range of benefits, including the following:

• Access to the Manager's investment expertise and a professionally managed equity portfolio.

• Access to attractive listed global infrastructure investment opportunities.

• Prudent risk management.

• Participation in any capital appreciation and income distributions of the Fund.

The Magellan Wholesale Plus Infrastructure Fund (the Fund) is likely to be appropriate for a consumer:
− seeking to achieve risk adjusted returns over the medium to long-term, through exposure to a portfolio of global listed infrastructure opportunities, while reducing the risk of permanent capital loss. 
− intending to access the Fund through an Investor Directed Portfolio Service (IDPS), IDPS-like scheme or a nominee or custody service, a managed account or any other service or platform approved by us (collectively referred to as an 'Investment Service') or through a superannuation fund. The Fund isn’t open to direct investors;
− intending to use the investment in the Fund as a core component, minor or satellite allocation within a portfolio;
− who has an investment timeframe of at least 7 years;
− who has a 'Very High' risk/return profile
− seeking the ability to make daily withdrawal requests and for withdrawal proceeds to be paid typically within 10 Business Days to the consumer's Investment Service or superannuation fund under normal market conditions

About the Fund

The Fund offers investors an opportunity to invest in a specialised and focused global infrastructure fund. The Fund investment universe is an entity listed on a global stock exchange whose primary business is the ownership and operation of infrastructure assets. The primary objectives of the Fund are to achieve attractive risk-adjusted returns over the medium to long-term, while reducing the risk of permanent capital loss.

The Fund will invest in companies that generate the dominant part of their earnings from the ownership of infrastructure assets. The Manager will endeavour to acquire these companies at discounts to their assessed intrinsic value. The Fund portfolio is anticipated to comprise of 20 to 40 investments. The Manager believes such a portfolio will achieve sufficient diversification to ensure the Fund is not overly correlated to a single company or to macroeconomic risk.

It is the Manager's intention to substantially hedge the capital component of the foreign currency exposure of the Fund arising from investment in overseas markets back to Australian dollars.

About BT Wholesale Plus funds

To create Wholesale Plus Funds, BT worked with a range of reputable fund managers to deliver some of their best-rated and most popular wholesale funds at a reduced investment cost. These funds provide exposure to the underlying wholesale funds but generally have a lower management fee and are only available through BT's platforms.

How we invest your money

The Fund invests in the securities of companies listed on stock exchanges around the world, but will also have some exposure to cash. The Fund can use foreign exchange contracts to facilitate settlement of stock purchases and to mitigate currency risk on specific investments within the portfolio.

It is the Manager's intention to substantially hedge the capital component of the foreign currency exposure of the Fund arising from investments in overseas markets back to Australian dollars.

The asset allocation of the Fund is as follows:

• Securities: 80-100%

• Cash: 0-20%