Benefits of investing in the Magellan Wholesale Plus Global Fund

Some of the benefits that may arise from an investment in the Fund include the following:

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

• Access to attractive investment opportunities in offshore markets.

• Prudent risk management.

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

The Magellan Wholesale Plus Global 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 professionally managed global equity portfolio, 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 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 offers investors an opportunity to invest in a specialised and focused global equity fund.

The Manager aims 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. The Manager endeavours to acquire these companies at discounts to their assessed intrinsic value. The Fund's portfolio will comprise 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 industry specific or macroeconomic risks.

How we invest your money

The Fund primarily 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 not the Manager's intention to hedge the foreign currency exposure of the Fund arising from investments in overseas markets.

The Manager aims 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. The Manager endeavours to acquire these companies at discounts to their assessed intrinsic value. The Fund's portfolio will comprise 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 industry specific or macroeconomic risks.

The asset allocation of the Fund is:

• Securities: 80-100%

• Cash: 0-20%