The fund will hold a concentrated basket of between 15-35 (typically ~25) quality Australian listed companies – Airlie's best ideas. Maximum cash holding of 10% with an aim to be fully invested. The partnership between Airlie and Magellan offers Airlie’s experience in Australian equities with Magellan’s considerable expertise in operating and distributing retail funds for Australian investors.
The Fund’s primary objective is to provide long-term capital growth and regular income through investment in Australian equities.
Airlie employs a prudent, common-sense investment approach that identifies companies based on their financial strength, attractive durable business characteristics and the quality of their management teams. Airlie invests in these companies when their view of their fair value exceeds the prevailing market price.
Airlie undertakes research in conjunction with applying their long-term knowledge and relationships with Australian companies to identify attractive investment opportunities.
Firstly the universe is filtered by assessing the financial strength of companies. Only those with solid financial characteristics including conservative levels of both on and off balance sheet financial obligations progress.
The second step in the investment process is to assess the quality of a company's business. The key question asked is whether or not a company has a durable business with a reasonable chance to prosper in the future. Airlie examines for favourable or improving positions within the industry, predictable earnings power and strong cash generation.
Airlie has deep historic knowledge of the stocks in which it invests. While Airlie is a fundamental, bottom-up investor it is important to keep informed of the macroeconomic events and sector issues that could affect stocks.
The next stage of the investment process is more qualitative, where the quality of management is assessed. Airlie seeks to invest in companies with competent managers whose interests ideally align with those of shareholders. It is important to note that to assess the quality of businesses and management, Airlie visits companies and meets senior management frequently.
Matt has over 20 years industry experience, he entered investment management in 1993 when he joined Perpetual Investments as an equities dealer. From there Matt progressed to be an equities analyst and portfolio manager. From 2011 to 2015, Matt was Head of Equities at Perpetual. Since joining Airlie in July 2016 Matt has managed Australian share strategies for institutional clients.
Deputy Portfolio Manager
Emma has 9 years investment experience, previously working in Fidelity International’s Australian share team based in Sydney. She commenced her career at Nomura Securities as an equity research analyst in 2010, and holds a Bachelor of Commerce (Liberal Studies) from the University of Sydney.
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The product disclosure statement for the Fund dated 22 May 2018 provides that Magellan may seek quotation and trading of the Fund on the Australian Securities Exchange under the ASX AQUA Rules Framework. Magellan provides notice to Unitholders of its intention to seek quotation and trading of the Fund’s Units on a licensed securities exchange (Securities Exchange).
If units in the Fund are quoted on the Securities Exchange, you may continue to apply for and redeem units in the Fund directly with Magellan, in the same way that is offered today. However, you will also have the ability to trade your units on the Securities Exchange through your stockbroker in the same manner as any listed security, subject to your units being allocated a shareholder reference number (SRN) by the Fund’s unit registry or moving your holding to a Holder Identification Number (HIN) issued by your broker.
If units in the Fund are quoted on the Securities Exchange your holding of units in the Fund will not change. There will be no change to the investment objectives of the Fund or to the fees charged by Fund.
To facilitate quotation of the Fund's units, Magellan is proposing to amend the Constitution to permit the Fund to be quoted and traded on any securities exchange licensed in Australia.
A General Meeting of Unitholders will be held on Friday, 19 July 2019 to approve these proposed amendments to the Constitution. A Notice of Meeting has been sent to Unitholders on Wednesday, 26 June 2019. Please click here for a copy of the Notice of Meeting.
Read the Product Disclosure Statement (PDS)
Complete the Application Form & CRS Form(s) (if applicable)
You will be guided by the Application Form as to which CRS form(s) to complete.
Send application form to Link Fund Solutions
Link Fund Solutions
Airlie Australian Share Fund
PO Box 3753
RHODES NSW 2138
Telephone: +61 2 9235 4760
Link Fund Solutions provides a range of registry services including the processing of applications, redemptions and distributions as well as the maintenance of unit holder records.
For online access to your investment in Airlie Australian Share Fund, click here.
Phone: 1800 236 994 (within Australia) or +61 1800 236 994 (from outside Australia)
Fax:+61 2 9287 0353