Montaka Global Long Only Fund (previously known as Montgomery Global Fund)

ABOUT

Established in July 2015, the Montaka Global Long Only Fund (previously known as Montgomery Global Fund) invests principally in companies listed on major global stock exchanges. The Fund seeks to generate capital growth, income and to outperform the MSCI World Net Total Return Index in Australian Dollars over the medium to long term, net of fees.

Capital preservation will be enhanced by the Fund’s ability to hold up to 30% of the portfolio in cash, and more in extreme circumstances.

Stock selection will focus on identifying high quality businesses with attractive prospects that can be acquired at discounts to intrinsic value. The Fund may suit investors seeking the benefits of a focused portfolio of extraordinary global businesses.

Investing in global growth and income opportunities, the Fund is open to individuals; families, companies and trustees as well as advisers, and self managed super funds, with a minimum initial investment of $25,000.

The price you receive

The Fund is forward priced, you will receive the price struck subsequent to the receipt of your application/redemption.

 

Important Information 5 February 2021

With regard to the Montaka Global Long Only Fund issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of a name change for the Investment Manager from MGIM PTY LTD to Montaka Global Pty Ltd. This represents a name change only, the company and investment team remains the same.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While this change is not considered to be materially adverse to investors, it should be taken into account when making a decision to invest under the PDS.

Important Information 14 September 2021

With regard to the Montaka Global Long Only Fund (Fund) issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of the following:

  • Paul Mason is no longer a shareholder of, or employed by Montaka Global.
  • The risk profile of the Fund has changed from high to medium-high risk.  This change was a result of a review of consistency with the Fund Target Market Determination.
  • Buy-sell spread information is now provided as part of annual periodic reporting.
  • Investor complaints will always be responded to as soon as practicable and in any event within 14 days.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While these changes are not considered to be materially adverse to investors, they should be taken into account when making a decision to invest under the PDS.

Important Information 14 October 2021

With regard to the Montaka Global Long Only Fund (Fund) issued by Fundhost Limited (ABN 69 092 517 087) (AFSL 233045) under the PDS dated 31 January 2021, Fundhost would like to advise of the following:

The component of the Fund that can be held in cash will now have a hard limit of 20% of funds under management.

The previous position as disclosed in the PDS, and previous promotional material allowed a soft limit of 30% cash which could be exceeded when the investible universe is unappealing in terms of margin of safety or in anticipation of extreme market dislocation. The Fund Manager will no longer have the flexibility to move to cash in times of market volatility beyond the 20% mark.

The purpose of this notice is to provide updated information pursuant to ASIC Class Order 2016/1055 which is not materially adverse to investors in the fund under the PDS. While these changes are not considered to be materially adverse to investors, they should be taken into account when making a decision to invest under the PDS.