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Macquarie True Index International Equities Fund

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/104307-2024-07-06-02:38.pdf
FUND MANAGER Macquarie Investment Management Australia
ASX Code
APIR MAQ0633AU
ASSET CLASS GLOBAL EQUITIES
INVESTMENT STYLE

The Fund provides exposure to the performance of the MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index in Australian dollars (unhedged) (Index), and is designed to generate a return equal to the Index returns (True Indexing).

INVESTMENT PROFILE

The Fund aims to provide investors with pre-tax returns that equal the returns of the MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index in Australian dollars (unhedged) (Index), known as ‘True Indexing’.

CURRENCY MANAGEMENT Unhedged
INCEPTION DATE 29-01-2007
BENCHMARK MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index in Australian dollars (unhedged)
FUND SIZE MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index in Australian dollars (unhedged)
DISTRIBUTION FREQUENCY Quarterly
NO. OF HOLDINGS
FEES NIL
STRUCTURE

Benefits

Benefits

True Indexing eliminates the potential tracking error of the Fund relative to the Index, while providing daily liquidity.

No management fee while True Indexing applies.

Access to the expertise provided by Macquarie Investment Management.

RISK LEVEL High
INVESTOR SUITABILITY

The Fund may be suitable for investors who are looking for an investment with the objective of the Fund listed
above and are prepared to accept the risks of the Fund set out in Section 4. A Target Market Determination
(TMD) for the Fund, which includes a description of the class of consumers for whom the Fund is likely to be
consistent with their objectives, financial situation and needs, is available at macquarieim.com/TMD.

Risks

Title
Detail

Key Features

About the Fund

Aims to provide investors with pre-tax returns that equal the returns of the MSCI World ex-Australia ex-Tobacco Net Dividends Reinvested Index in Australian dollars (unhedged) (Index), known as ‘True Indexing’.

Mandate

How we invest your money

True Indexing is designed to result in pre-tax returns for investors that equal the returns provided by the Index. The Fund achieves this by:

  • investing in fixed interest, derivatives (including options, futures, warrants and forwards) and cash,
  • either directly or through underlying funds that are managed by members of the Macquarie Group (Underlying Investments) with the aim of providing exposure that closely resembles the exposure of the Index, and
  • entering into a swap agreement with Macquarie Financial Holdings Pty Limited (Swap Counterparty). If the Underlying Investments outperform the Index, the Swap Counterparty receives this outperformance. If the Underlying Investments underperform the Index, the Swap Counterparty compensates the Fund to the extent of the underperformance.

These arrangements enable the Fund to provide True Indexing regardless of the performance of the Underlying Investments.

Asset allocation

  • International shares: 100%