Airlie Australian Share Fund (Managed Fund) (ASX: AASF)

Invest Now

Fund Overview

The Airlie Australian Share Fund provides an opportunity to access an experienced investment team with a proven track record of prudent, common sense investing.

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.

Investment objective

The Fund’s primary objective is to provide long-term capital growth and regular income through investment in Australian equities.

Investment Approach

Airlie Funds Management, is an active bottom-up investor that aims to build a concentrated portfolio of 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.

Fund Facts

Portfolio managers
Structure
Australian Equity Fund, $AUD.
Inception date
1 June 2018
Fund size*
A$31m
ASX Ticker
AASF
Intraday Indicative Nav**

Ticker Details
  Units Indicative NAV
Bloomberg AASF AU EQUITY AASFIV INDEX
Thomson Reuters AASF.AX AASFAUiv.P
IRESS AASF.AXW AASFINAV.ETF
Buy / Sell Spread
0.14%/0.14%
(only applicable to investors who apply for units directly with the Fund)
Management & Administration fee
0.78% p.a.
Distribution Frequency
Bi-annual
Benchmark
S&P/ASX 200 Accumulation Index
APIR Code
MGE9705AU

All management costs described above are inclusive of the estimated net effect of GST.

Click here for further information on the benchmark.

* As at 31 August 2020

** The iNAV reflects the estimated NAV per Unit updated for portfolio stocks or equivalent securities that have live market prices during the Trading Day. The iNAV will not be updated for market-based movements such as movements in stock market indices.

iNAV calculations as shown on www.airliefundsmanagement.com.au (the "data") provided by ICE Data Indices, see ICE Terms of Use, and is updated during ASX trading hours. Powered by Factset. iNAV is indicative and for reference purposes only. The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates ("ICE Data") and ICE Data or its respective third party suppliers MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, IOPV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. You acknowledge that the data is provided for information only and should not be relied upon for any purpose.

Research ratings 1

Zenith

Recommended

Lonsec

Recommended

Morningstar

Neutral

Portfolio Construction

"The Airlie investment process rations our energies towards finding the best investment opportunities."

Airlie undertakes research in conjunction with applying their long-term knowledge and relationships with Australian companies to identify attractive investment opportunities.

The universe of opportunities is filtered through four key investment tests, as shown below:

Financial Strength

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.

 

Business Quality

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.

Quality of Management

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.  

 

Valuation

The last stage of the process is to assess the intrinsic value of the stocks that meets Airlie's criterion of financial strength, quality of business and quality of management. Airlie takes a pragmatic and flexible approach to valuations at a stock level. Airlie seeks to invest in stocks where a strict view of a company's fair value exceeds its prevailing market price.

Meet the Portfolio Managers

The Airlie Investment Team is one of depth and experience. Portfolio Managers Matt and Emma are supported by a further five investment professionals, including founder John Sevior.
Matt Williams

Matt Williams

Portfolio Manager

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.

Emma Fisher

Emma Fisher

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.

Performance

31 August 2020
Performance 3 Months 6 Months 1 Year Since Inception
(% PA)
Airlie Australian Share Fund 9.07% 1.34% 4.41% 6.43%
Benchmark** 6.04% - 4.48% - 5.08% 4.29%
Excess Return 3.03% 5.82% 9.49% 2.14%

** S&P/ASX 200 Accumulation Index

Click here for further information on the benchmark.

Important Information: Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Inception date 1 June 2018.

Growth of AUD $10,000 as at
31 August 2020

** S&P/ASX 200 Accumulation Index

Click here for further information on the benchmark.

Important Information: Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees and entry fees (if applicable). Inception date 1 June 2018.

Unit Prices

  
Date NAV Per Unit Entry Exit
28/09/2020 2.6649 2.6686 2.6612
25/09/2020 2.6652 2.6689 2.6615
24/09/2020 2.6460 2.6497 2.6423
23/09/2020 2.6641 2.6678 2.6604
22/09/2020 2.6067 2.6103 2.6031
21/09/2020 2.6193 2.6230 2.6156
18/09/2020 2.6319 2.6356 2.6282
17/09/2020 2.6365 2.6402 2.6328
16/09/2020 2.6667 2.6704 2.6630
15/09/2020 2.6350 2.6387 2.6313
14/09/2020 2.6382 2.6419 2.6345
11/09/2020 2.6299 2.6336 2.6262
10/09/2020 2.6500 2.6537 2.6463
09/09/2020 2.6402 2.6439 2.6365
08/09/2020 2.6879 2.6917 2.6841
07/09/2020 2.6648 2.6685 2.6611
04/09/2020 2.6568 2.6605 2.6531
03/09/2020 2.7391 2.7429 2.7353
02/09/2020 2.7188 2.7226 2.7150
01/09/2020 2.6627 2.6664 2.6590
31/08/2020 2.7047 2.7085 2.7009
28/08/2020 2.7109 2.7147 2.7071
27/08/2020 2.7373 2.7411 2.7335
26/08/2020 2.7247 2.7285 2.7209
25/08/2020 2.7310 2.7348 2.7272
24/08/2020 2.7240 2.7278 2.7202
21/08/2020 2.7192 2.7230 2.7154
20/08/2020 2.7181 2.7219 2.7143
19/08/2020 2.7285 2.7323 2.7247
18/08/2020 2.7092 2.7130 2.7054
17/08/2020 2.6916 2.6954 2.6878
14/08/2020 2.7072 2.7110 2.7034
13/08/2020 2.6963 2.7001 2.6925
12/08/2020 2.7187 2.7225 2.7149
11/08/2020 2.7193 2.7231 2.7155
10/08/2020 2.6991 2.7029 2.6953
07/08/2020 2.6534 2.6571 2.6497
06/08/2020 2.6674 2.6711 2.6637
05/08/2020 2.6389 2.6426 2.6352
04/08/2020 2.6539 2.6576 2.6502
03/08/2020 2.5951 2.5987 2.5915
31/07/2020 2.5962 2.5998 2.5926
30/07/2020 2.6473 2.6510 2.6436
29/07/2020 2.6173 2.6210 2.6136
28/07/2020 2.6259 2.6296 2.6222
27/07/2020 2.6371 2.6408 2.6334
24/07/2020 2.6288 2.6325 2.6251
23/07/2020 2.6508 2.6545 2.6471
22/07/2020 2.6417 2.6454 2.6380
21/07/2020 2.6744 2.6781 2.6707
20/07/2020 2.6206 2.6243 2.6169
17/07/2020 2.6393 2.6430 2.6356
16/07/2020 2.6309 2.6346 2.6272
15/07/2020 2.6414 2.6451 2.6377
14/07/2020 2.5987 2.6023 2.5951
13/07/2020 2.6011 2.6047 2.5975
10/07/2020 2.5744 2.5780 2.5708
09/07/2020 2.5903 2.5939 2.5867
08/07/2020 2.5798 2.5834 2.5762
07/07/2020 2.6167 2.6204 2.6130
06/07/2020 2.6278 2.6315 2.6241
03/07/2020 2.6364 2.6401 2.6327
02/07/2020 2.6264 2.6301 2.6227
01/07/2020 2.5816 2.5852 2.5780
30/06/2020 (ex) 2.5808 2.5844 2.5772
30/06/2020 2.6608 2.6645 2.6571
29/06/2020 2.6282 2.6319 2.6245
26/06/2020 2.6655 2.6692 2.6618
25/06/2020 2.6329 2.6366 2.6292
24/06/2020 2.6904 2.6942 2.6866
23/06/2020 2.6896 2.6934 2.6858
22/06/2020 2.6779 2.6816 2.6742
19/06/2020 2.6803 2.6841 2.6765
18/06/2020 2.6587 2.6624 2.6550
17/06/2020 2.6802 2.6840 2.6764
16/06/2020 2.6549 2.6586 2.6512
15/06/2020 2.5570 2.5606 2.5534
12/06/2020 2.6083 2.6120 2.6046
11/06/2020 2.6531 2.6568 2.6494
10/06/2020 2.7427 2.7465 2.7389
09/06/2020 2.7263 2.7301 2.7225
05/06/2020 2.6573 2.6610 2.6536
04/06/2020 2.6657 2.6694 2.6620
03/06/2020 2.6332 2.6369 2.6295
02/06/2020 2.5950 2.5986 2.5914
01/06/2020 2.5819 2.5855 2.5783
29/05/2020 2.5567 2.5603 2.5531
28/05/2020 2.5920 2.5956 2.5884
27/05/2020 2.5610 2.5646 2.5574
26/05/2020 2.5526 2.5562 2.5490
25/05/2020 2.4852 2.4887 2.4817
22/05/2020 2.4413 2.4447 2.4379
21/05/2020 2.4554 2.4588 2.4520
20/05/2020 2.4614 2.4648 2.4580
19/05/2020 2.4660 2.4695 2.4625
18/05/2020 2.4128 2.4162 2.4094
15/05/2020 2.3905 2.3938 2.3872
14/05/2020 2.3559 2.3592 2.3526
13/05/2020 2.3957 2.3991 2.3923
12/05/2020 2.3918 2.3951 2.3885
11/05/2020 2.4176 2.4210 2.4142
08/05/2020 2.3846 2.3879 2.3813
07/05/2020 2.3678 2.3711 2.3645
06/05/2020 2.3677 2.3710 2.3644
05/05/2020 2.3791 2.3824 2.3758
04/05/2020 2.3355 2.3388 2.3322
01/05/2020 2.3226 2.3259 2.3193
30/04/2020 2.4321 2.4355 2.4287
29/04/2020 2.3639 2.3672 2.3606
28/04/2020 2.3263 2.3296 2.3230
27/04/2020 2.3288 2.3321 2.3255
24/04/2020 2.2900 2.2932 2.2868
23/04/2020 2.2865 2.2897 2.2833
22/04/2020 2.2907 2.2939 2.2875
21/04/2020 2.2933 2.2965 2.2901
20/04/2020 2.3442 2.3475 2.3409
17/04/2020 2.3995 2.4029 2.3961
16/04/2020 2.3649 2.3682 2.3616
15/04/2020 2.3917 2.3950 2.3884
14/04/2020 2.4038 2.4072 2.4004
09/04/2020 2.3718 2.3751 2.3685
08/04/2020 2.3059 2.3091 2.3027
07/04/2020 2.3138 2.3170 2.3106
06/04/2020 2.3173 2.3205 2.3141
03/04/2020 2.2382 2.2413 2.2351
02/04/2020 2.2766 2.2798 2.2734
01/04/2020 2.3059 2.3091 2.3027
31/03/2020 2.2258 2.2289 2.2227
30/03/2020 2.2769 2.2801 2.2737
27/03/2020 2.1428 2.1458 2.1398
26/03/2020 2.2241 2.2272 2.2210
25/03/2020 2.1819 2.1850 2.1788
24/03/2020 2.0652 2.0681 2.0623
20/03/2020 2.1145 2.1175 2.1115
19/03/2020 2.1052 2.1081 2.1023
18/03/2020 2.1923 2.1954 2.1892
17/03/2020 2.3437 2.3470 2.3404
16/03/2020 2.2341 2.2372 2.2310
13/03/2020 2.4324 2.4358 2.4290
12/03/2020 2.3394 2.3427 2.3361
11/03/2020 2.5089 2.5124 2.5054
10/03/2020 2.5746 2.5782 2.5710
09/03/2020 2.4992 2.5027 2.4957
06/03/2020 2.6926 2.6964 2.6888
05/03/2020 2.7712 2.7751 2.7673
04/03/2020 2.7266 2.7304 2.7228
03/03/2020 2.7631 2.7670 2.7592
02/03/2020 2.7381 2.7419 2.7343
28/02/2020 2.7519 2.7558 2.7480
27/02/2020 2.8289 2.8329 2.8249
26/02/2020 2.8580 2.8620 2.8540
25/02/2020 2.9155 2.9196 2.9114
24/02/2020 2.9486 2.9527 2.9445
21/02/2020 3.0081 3.0123 3.0039
20/02/2020 3.0199 3.0241 3.0157
19/02/2020 3.0030 3.0072 2.9988
18/02/2020 2.9880 2.9922 2.9838
17/02/2020 2.9905 2.9947 2.9863
14/02/2020 2.9834 2.9876 2.9792
13/02/2020 2.9776 2.9818 2.9735
12/02/2020 2.9506 2.9547 2.9464
11/02/2020 2.9230 2.9271 2.9190
10/02/2020 2.9081 2.9121 2.9040
07/02/2020 2.9210 2.9251 2.9169
06/02/2020 2.9390 2.9431 2.9349
05/02/2020 2.9017 2.9058 2.8977
04/02/2020 2.8838 2.8879 2.8798
03/02/2020 2.8767 2.8808 2.8727
31/01/2020 2.9209 2.9250 2.9168
30/01/2020 2.9175 2.9216 2.9134
29/01/2020 2.9238 2.9279 2.9197
28/01/2020 2.9046 2.9087 2.9005
24/01/2020 2.9456 2.9497 2.9415
23/01/2020 2.9469 2.9510 2.9428
22/01/2020 2.9601 2.9642 2.9560
21/01/2020 2.9383 2.9424 2.9342
20/01/2020 2.9505 2.9547 2.9464
17/01/2020 2.9513 2.9554 2.9471
16/01/2020 2.9525 2.9566 2.9484
15/01/2020 2.9346 2.9387 2.9305
14/01/2020 2.9204 2.9245 2.9164
13/01/2020 2.8987 2.9028 2.8946
10/01/2020 2.9120 2.9161 2.9079
09/01/2020 2.8947 2.8988 2.8907
08/01/2020 2.8714 2.8754 2.8674
07/01/2020 2.8710 2.8751 2.8670
06/01/2020 2.8401 2.8440 2.8361
03/01/2020 2.8437 2.8476 2.8397
02/01/2020 2.8272 2.8311 2.8232
31/12/2019 (ex) 2.8246 2.8285 2.8206
31/12/2019 2.8446 2.8486 2.8406
30/12/2019 2.8872 2.8912 2.8831
27/12/2019 2.8850 2.8891 2.8810
24/12/2019 2.8756 2.8796 2.8716
23/12/2019 2.8743 2.8783 2.8703
20/12/2019 2.8821 2.8861 2.8780
19/12/2019 2.8918 2.8959 2.8878
18/12/2019 2.9020 2.9060 2.8979
17/12/2019 2.9020 2.9061 2.8980
16/12/2019 2.9038 2.9079 2.8997
13/12/2019 2.8772 2.8812 2.8732
12/12/2019 2.8624 2.8664 2.8584
11/12/2019 2.8727 2.8767 2.8687
10/12/2019 2.8616 2.8656 2.8576
09/12/2019 2.8650 2.8690 2.8610
06/12/2019 2.8591 2.8631 2.8551
05/12/2019 2.8464 2.8503 2.8424
04/12/2019 2.8180 2.8219 2.8141
03/12/2019 2.8510 2.8550 2.8470
02/12/2019 2.8968 2.9008 2.8927
29/11/2019 2.8893 2.8934 2.8853
28/11/2019 2.8962 2.9002 2.8921
27/11/2019 2.8888 2.8928 2.8847
26/11/2019 2.8670 2.8710 2.8630
25/11/2019 2.8371 2.8411 2.8331
22/11/2019 2.8218 2.8257 2.8178
21/11/2019 2.8072 2.8111 2.8032
20/11/2019 2.8249 2.8288 2.8209
19/11/2019 2.8498 2.8538 2.8458
18/11/2019 2.8398 2.8438 2.8358
15/11/2019 2.8511 2.8551 2.8471
14/11/2019 2.8268 2.8307 2.8228
13/11/2019 2.8174 2.8213 2.8135
12/11/2019 2.8360 2.8399 2.8320
11/11/2019 2.8433 2.8473 2.8393
08/11/2019 2.8247 2.8287 2.8207
07/11/2019 2.8122 2.8162 2.8083
06/11/2019 2.7947 2.7986 2.7908
05/11/2019 2.8025 2.8065 2.7986
04/11/2019 2.7965 2.8004 2.7926
01/11/2019 2.7906 2.7945 2.7867
31/10/2019 2.7938 2.7977 2.7899
30/10/2019 2.7987 2.8026 2.7948
29/10/2019 2.8235 2.8274 2.8195
28/10/2019 2.8158 2.8198 2.8119
25/10/2019 2.8123 2.8162 2.8084
24/10/2019 2.7994 2.8034 2.7955
23/10/2019 2.7906 2.7945 2.7867
22/10/2019 2.7903 2.7942 2.7864
21/10/2019 2.7780 2.7819 2.7741
18/10/2019 2.7699 2.7738 2.7660
16/10/2019 2.8036 2.8075 2.7997
15/10/2019 2.7680 2.7719 2.7641
14/10/2019 2.7759 2.7798 2.7720
11/10/2019 2.7567 2.7605 2.7528
10/10/2019 2.7311 2.7349 2.7273
09/10/2019 2.7366 2.7404 2.7327
08/10/2019 2.7635 2.7673 2.7596
04/10/2019 2.7393 2.7431 2.7355
03/10/2019 2.7302 2.7340 2.7264
02/10/2019 2.7810 2.7849 2.7771
01/10/2019 2.8116 2.8155 2.8077
30/09/2019 2.7949 2.7988 2.7910
27/09/2019 2.7985 2.8024 2.7946
26/09/2019 2.7824 2.7863 2.7785
25/09/2019 2.7877 2.7916 2.7838
24/09/2019 2.8043 2.8082 2.8004
23/09/2019 2.8103 2.8142 2.8064
20/09/2019 2.7997 2.8036 2.7958
19/09/2019 2.7946 2.7985 2.7907
18/09/2019 2.7838 2.7877 2.7799
17/09/2019 2.7945 2.7984 2.7905
16/09/2019 2.7926 2.7965 2.7887
13/09/2019 2.7924 2.7963 2.7885
12/09/2019 2.7840 2.7879 2.7801
11/09/2019 2.7761 2.7800 2.7722
10/09/2019 2.7508 2.7546 2.7469
09/09/2019 2.7488 2.7526 2.7449
06/09/2019 2.7418 2.7456 2.7379
05/09/2019 2.7169 2.7207 2.7131
04/09/2019 2.6813 2.6851 2.6776
03/09/2019 2.6871 2.6908 2.6833
02/09/2019 2.6872 2.6910 2.6834
30/08/2019 2.6898 2.6935 2.6860
29/08/2019 2.6527 2.6564 2.6490
28/08/2019 2.6457 2.6495 2.6420
27/08/2019 2.6451 2.6488 2.6414
26/08/2019 2.6341 2.6378 2.6304
23/08/2019 2.6703 2.6740 2.6665
22/08/2019 2.6634 2.6671 2.6597
21/08/2019 2.6473 2.6510 2.6436
20/08/2019 2.6600 2.6637 2.6563
19/08/2019 2.6340 2.6377 2.6303
16/08/2019 2.5981 2.6017 2.5944
15/08/2019 2.6043 2.6080 2.6007
14/08/2019 2.6704 2.6742 2.6667
13/08/2019 2.6445 2.6482 2.6408
12/08/2019 2.6541 2.6578 2.6504
09/08/2019 2.6521 2.6558 2.6484
08/08/2019 2.6281 2.6318 2.6245
07/08/2019 2.6124 2.6160 2.6087
06/08/2019 2.5931 2.5967 2.5895
05/08/2019 2.6598 2.6635 2.6560
02/08/2019 2.7047 2.7085 2.7010
01/08/2019 2.7219 2.7257 2.7181
31/07/2019 2.7284 2.7322 2.7245
30/07/2019 2.7394 2.7432 2.7355
29/07/2019 2.7327 2.7366 2.7289
26/07/2019 2.7244 2.7282 2.7206
25/07/2019 2.7333 2.7372 2.7295
24/07/2019 2.7125 2.7163 2.7087
23/07/2019 2.6896 2.6934 2.6859
22/07/2019 2.6766 2.6803 2.6728
19/07/2019 2.6797 2.6835 2.6760
18/07/2019 2.6664 2.6701 2.6627
17/07/2019 2.6774 2.6812 2.6737
16/07/2019 2.6594 2.6632 2.6557
15/07/2019 2.6640 2.6677 2.6603
12/07/2019 2.6806 2.6844 2.6769
11/07/2019 2.6843 2.6881 2.6806
10/07/2019 2.6818 2.6856 2.6781
09/07/2019 2.6656 2.6694 2.6619
08/07/2019 2.6667 2.6705 2.6630
05/07/2019 2.6933 2.6970 2.6895
04/07/2019 2.6760 2.6798 2.6723
03/07/2019 2.6643 2.6681 2.6606
02/07/2019 2.6555 2.6592 2.6518
01/07/2019 2.6491 2.6528 2.6454
30/06/2019 (ex) 2.6372 2.6409 2.6335
30/06/2019 2.6766 2.6804 2.6729
28/06/2019 2.6767 2.6805 2.6730
27/06/2019 2.6927 2.6964 2.6889
26/06/2019 2.6776 2.6814 2.6739
25/06/2019 2.6872 2.6909 2.6834
24/06/2019 2.6928 2.6966 2.6890
21/06/2019 2.6932 2.6970 2.6895
20/06/2019 2.7023 2.7061 2.6986
19/06/2019 2.7009 2.7047 2.6971
18/06/2019 2.6687 2.6725 2.6650
17/06/2019 2.6577 2.6614 2.6540
14/06/2019 2.6652 2.6689 2.6615
13/06/2019 2.6650 2.6687 2.6612
12/06/2019 2.6759 2.6797 2.6722
11/06/2019 2.6813 2.6850 2.6775
07/06/2019 2.6326 2.6363 2.6289
06/06/2019 2.6150 2.6187 2.6114
05/06/2019 2.6045 2.6081 2.6008
04/06/2019 2.5872 2.5908 2.5835
03/06/2019 2.5844 2.5880 2.5807
31/05/2019 2.6158 2.6195 2.6121
30/05/2019 2.6195 2.6231 2.6158
29/05/2019 2.6372 2.6409 2.6335
28/05/2019 2.6550 2.6587 2.6513
27/05/2019 2.6388 2.6425 2.6351
24/05/2019 2.6391 2.6428 2.6354
23/05/2019 2.6503 2.6540 2.6466
22/05/2019 2.6476 2.6513 2.6439
21/05/2019 2.6394 2.6431 2.6357
20/05/2019 2.6322 2.6359 2.6285
17/05/2019 2.5920 2.5956 2.5884
16/05/2019 2.5734 2.5770 2.5698
15/05/2019 2.5445 2.5480 2.5409
14/05/2019 2.5270 2.5306 2.5235
13/05/2019 2.5564 2.5599 2.5528
10/05/2019 2.5613 2.5649 2.5577
09/05/2019 2.5513 2.5549 2.5477
08/05/2019 2.5402 2.5438 2.5367
07/05/2019 2.5539 2.5574 2.5503
06/05/2019 2.5488 2.5523 2.5452
03/05/2019 2.5774 2.5810 2.5738
02/05/2019 2.5888 2.5924 2.5852
01/05/2019 2.5975 2.6011 2.5939
30/04/2019 2.5743 2.5779 2.5706
29/04/2019 2.5843 2.5879 2.5807
26/04/2019 2.5900 2.5936 2.5864
24/04/2019 2.5947 2.5983 2.5910
23/04/2019 2.5684 2.5720 2.5649
18/04/2019 2.5428 2.5464 2.5393
17/04/2019 2.5405 2.5440 2.5369
16/04/2019 2.5417 2.5453 2.5382
15/04/2019 2.5353 2.5389 2.5318
12/04/2019 2.5376 2.5412 2.5341
11/04/2019 2.5177 2.5212 2.5141
10/04/2019 2.5299 2.5335 2.5264
09/04/2019 2.5303 2.5338 2.5268
08/04/2019 2.5316 2.5352 2.5281
05/04/2019 2.5136 2.5171 2.5101
04/04/2019 2.5300 2.5335 2.5264
03/04/2019 2.5466 2.5502 2.5430
02/04/2019 2.5325 2.5361 2.5290
01/04/2019 2.5223 2.5258 2.5187
29/03/2019 2.5098 2.5133 2.5062
28/03/2019 2.5015 2.5050 2.4980
27/03/2019 2.4824 2.4859 2.4789
26/03/2019 2.4814 2.4849 2.4779
25/03/2019 2.4826 2.4861 2.4791
22/03/2019 2.5114 2.5149 2.5078
21/03/2019 2.4953 2.4988 2.4918
20/03/2019 2.4982 2.5017 2.4947
19/03/2019 2.5062 2.5098 2.5027
18/03/2019 2.5054 2.5089 2.5019
15/03/2019 2.4999 2.5034 2.4964
14/03/2019 2.4977 2.5012 2.4942
13/03/2019 2.4891 2.4926 2.4856
12/03/2019 2.4945 2.4980 2.4910
11/03/2019 2.5001 2.5036 2.4966
08/03/2019 2.5188 2.5223 2.5153
07/03/2019 2.5433 2.5469 2.5397
06/03/2019 2.5294 2.5330 2.5259
05/03/2019 2.5147 2.5182 2.5112
04/03/2019 2.5264 2.5299 2.5229
01/03/2019 2.5072 2.5107 2.5037
28/02/2019 2.4959 2.4994 2.4924
27/02/2019 2.4858 2.4893 2.4823
26/02/2019 2.4731 2.4766 2.4697
25/02/2019 2.4970 2.5005 2.4935
22/02/2019 2.4965 2.5000 2.4930
21/02/2019 2.4836 2.4871 2.4801
20/02/2019 2.4538 2.4572 2.4504
19/02/2019 2.4685 2.4719 2.4650
18/02/2019 2.4649 2.4683 2.4614
15/02/2019 2.4789 2.4824 2.4755
14/02/2019 2.4803 2.4838 2.4769
13/02/2019 2.4775 2.4809 2.4740
12/02/2019 2.4803 2.4837 2.4768
11/02/2019 2.4634 2.4668 2.4599
08/02/2019 2.4705 2.4739 2.4670
07/02/2019 2.4868 2.4903 2.4834
06/02/2019 2.4537 2.4571 2.4503
05/02/2019 2.4419 2.4453 2.4385
04/02/2019 2.4008 2.4042 2.3974
01/02/2019 2.3880 2.3913 2.3846
31/01/2019 2.3925 2.3958 2.3891
30/01/2019 2.3941 2.3975 2.3908
29/01/2019 2.4040 2.4074 2.4006
25/01/2019 2.4272 2.4306 2.4238
24/01/2019 2.4170 2.4204 2.4136
23/01/2019 2.4081 2.4114 2.4047
22/01/2019 2.4159 2.4193 2.4125
21/01/2019 2.4263 2.4297 2.4229
18/01/2019 2.4147 2.4180 2.4113
17/01/2019 2.3956 2.3990 2.3923
16/01/2019 2.3945 2.3979 2.3912
15/01/2019 2.3796 2.3830 2.3763
14/01/2019 2.3568 2.3601 2.3535
11/01/2019 2.3632 2.3665 2.3599
10/01/2019 2.3742 2.3775 2.3709
09/01/2019 2.3700 2.3733 2.3667
08/01/2019 2.3502 2.3535 2.3469
07/01/2019 2.3291 2.3323 2.3258
04/01/2019 2.3009 2.3041 2.2976
03/01/2019 2.3087 2.3119 2.3055
02/01/2019 2.2879 2.2911 2.2847
31/12/2018 (ex) 2.3215 2.3248 2.3183
31/12/2018 2.3415 2.3448 2.3382
28/12/2018 2.3416 2.3449 2.3383
27/12/2018 2.3160 2.3192 2.3127
24/12/2018 2.2726 2.2758 2.2694
21/12/2018 2.2622 2.2653 2.2590
20/12/2018 2.2740 2.2772 2.2708
19/12/2018 2.3028 2.3060 2.2996
18/12/2018 2.3139 2.3171 2.3107
17/12/2018 2.3426 2.3459 2.3393
14/12/2018 2.3177 2.3209 2.3144
13/12/2018 2.3418 2.3451 2.3386
12/12/2018 2.3414 2.3447 2.3382
11/12/2018 2.3078 2.3110 2.3046
10/12/2018 2.2991 2.3023 2.2959
07/12/2018 2.3505 2.3538 2.3472
06/12/2018 2.3419 2.3452 2.3386
05/12/2018 2.3543 2.3576 2.3510
04/12/2018 2.3779 2.3812 2.3746
03/12/2018 2.4020 2.4054 2.3986
30/11/2018 2.3632 2.3665 2.3599
29/11/2018 2.3896 2.3930 2.3863
28/11/2018 2.3785 2.3819 2.3752
27/11/2018 2.3725 2.3759 2.3692
26/11/2018 2.3591 2.3624 2.3558
23/11/2018 2.3757 2.3790 2.3724
22/11/2018 2.3714 2.3747 2.3680
21/11/2018 2.3363 2.3395 2.3330
20/11/2018 2.3613 2.3646 2.3580
19/11/2018 2.3815 2.3848 2.3781
16/11/2018 2.3968 2.4001 2.3934
15/11/2018 2.4012 2.4045 2.3978
14/11/2018 2.4066 2.4099 2.4032
13/11/2018 2.4469 2.4503 2.4435
12/11/2018 2.4831 2.4866 2.4797
09/11/2018 2.4745 2.4780 2.4711
08/11/2018 2.4733 2.4767 2.4698
07/11/2018 2.4583 2.4617 2.4548
06/11/2018 2.4541 2.4575 2.4506
05/11/2018 2.4434 2.4468 2.4399
02/11/2018 2.4583 2.4617 2.4548
01/11/2018 2.4442 2.4476 2.4407
31/10/2018 2.4348 2.4382 2.4313
30/10/2018 2.4217 2.4251 2.4183
29/10/2018 2.3931 2.3965 2.3898
26/10/2018 2.3653 2.3686 2.3620
25/10/2018 2.3714 2.3748 2.3681
24/10/2018 2.4379 2.4413 2.4345
23/10/2018 2.4562 2.4597 2.4528
22/10/2018 2.4862 2.4897 2.4828
19/10/2018 2.5028 2.5063 2.4993
18/10/2018 2.5096 2.5131 2.5061
17/10/2018 2.5222 2.5257 2.5187
16/10/2018 2.4917 2.4952 2.4882
15/10/2018 2.4773 2.4808 2.4738
12/10/2018 2.5017 2.5052 2.4982
11/10/2018 2.4912 2.4947 2.4877
10/10/2018 2.5559 2.5595 2.5523
09/10/2018 2.5543 2.5579 2.5507
08/10/2018 2.5754 2.5790 2.5718
05/10/2018 2.6039 2.6076 2.6003
04/10/2018 2.5992 2.6028 2.5956
03/10/2018 2.5913 2.5950 2.5877
02/10/2018 2.5859 2.5895 2.5823
28/09/2018 2.6214 2.6251 2.6177
27/09/2018 2.6136 2.6173 2.6099
26/09/2018 2.6117 2.6154 2.6081
25/09/2018 2.6137 2.6174 2.6100
24/09/2018 2.6157 2.6194 2.6120
21/09/2018 2.6167 2.6203 2.6130
20/09/2018 2.6076 2.6113 2.6040
19/09/2018 2.6149 2.6186 2.6113
18/09/2018 2.6084 2.6121 2.6048
17/09/2018 2.6238 2.6274 2.6201
14/09/2018 2.6195 2.6232 2.6159
13/09/2018 2.6062 2.6098 2.6025
12/09/2018 2.6178 2.6214 2.6141
11/09/2018 2.6142 2.6179 2.6106
10/09/2018 2.6007 2.6044 2.5971
07/09/2018 2.5950 2.5987 2.5914
06/09/2018 2.6009 2.6045 2.5972
05/09/2018 2.6262 2.6299 2.6226
04/09/2018 2.6566 2.6603 2.6529
03/09/2018 2.6671 2.6709 2.6634
31/08/2018 2.6713 2.6750 2.6675
30/08/2018 2.6756 2.6793 2.6718
29/08/2018 2.6872 2.6909 2.6834
28/08/2018 2.6631 2.6669 2.6594
27/08/2018 2.6629 2.6666 2.6591
24/08/2018 2.6556 2.6593 2.6519
23/08/2018 2.6466 2.6504 2.6429
22/08/2018 2.6419 2.6456 2.6382
21/08/2018 2.6593 2.6630 2.6556
20/08/2018 2.6710 2.6747 2.6673
17/08/2018 2.6647 2.6684 2.6610
16/08/2018 2.6639 2.6676 2.6602
15/08/2018 2.6707 2.6745 2.6670
14/08/2018 2.6460 2.6497 2.6423
13/08/2018 2.6248 2.6284 2.6211
10/08/2018 2.6321 2.6357 2.6284
09/08/2018 2.6493 2.6530 2.6455
08/08/2018 2.6338 2.6375 2.6301
07/08/2018 2.6279 2.6316 2.6242
06/08/2018 2.6372 2.6408 2.6335
03/08/2018 2.6217 2.6254 2.6180
02/08/2018 2.6211 2.6248 2.6175
01/08/2018 2.6309 2.6346 2.6273
31/07/2018 2.6316 2.6352 2.6279
30/07/2018 2.6316 2.6352 2.6279
27/07/2018 2.6422 2.6459 2.6385
26/07/2018 2.6164 2.6201 2.6128
25/07/2018 2.6232 2.6269 2.6195
24/07/2018 2.6269 2.6305 2.6232
23/07/2018 2.6119 2.6155 2.6082
20/07/2018 2.6327 2.6364 2.6290
19/07/2018 2.6207 2.6244 2.6171
18/07/2018 2.6121 2.6158 2.6085
17/07/2018 2.5922 2.5958 2.5885
16/07/2018 2.6073 2.6109 2.6036
13/07/2018 2.6205 2.6242 2.6168
12/07/2018 2.6156 2.6193 2.6119
11/07/2018 2.5983 2.6019 2.5947
10/07/2018 2.6160 2.6197 2.6123
09/07/2018 2.6311 2.6348 2.6275
06/07/2018 2.6273 2.6309 2.6236
05/07/2018 2.6101 2.6137 2.6064
04/07/2018 2.5999 2.6036 2.5963
03/07/2018 2.6122 2.6159 2.6086
02/07/2018 2.5961 2.5997 2.5924
30/06/2018 (ex) 2.6017 2.6053 2.5980
30/06/2018 2.6028 2.6065 2.5992
29/06/2018 2.6029 2.6065 2.5992
28/06/2018 2.6074 2.6111 2.6038
27/06/2018 2.5998 2.6035 2.5962
26/06/2018 2.5917 2.5953 2.5880
25/06/2018 2.5975 2.6011 2.5939
22/06/2018 2.5995 2.6032 2.5959
21/06/2018 2.6106 2.6143 2.6069
20/06/2018 2.5796 2.5832 2.5760
19/06/2018 2.5583 2.5619 2.5547
18/06/2018 2.5592 2.5628 2.5557
15/06/2018 2.5600 2.5636 2.5564
14/06/2018 2.5340 2.5376 2.5305
13/06/2018 2.5349 2.5385 2.5314
12/06/2018 2.5500 2.5536 2.5465
08/06/2018 2.5461 2.5497 2.5426
07/06/2018 2.5477 2.5512 2.5441
06/06/2018 2.5332 2.5368 2.5297
05/06/2018 2.5157 2.5192 2.5122
04/06/2018 2.5287 2.5322 2.5251
01/06/2018 2.4982 2.5017 2.4947
31/05/2018 2.5000 2.5035 2.4965

Distribution history

Date Distribution per unit Reinvestment price  
June 2020 8.000 cents        - Annual Fund Distribution 2020
December 2019 2.000 cents $2.8246 Interim Fund Distribution 2019
June 2019 3.9469 cents $2.6372 Annual Fund Distribution 2019
December 2018 2.000 cents $2.3215 Interim Fund Distribution 2018
June 2018 0.1139 cents $2.6017 Annual Fund Distribution 2018

A guide to understanding your AMMA Statement 2020

3 ways to access Airlie Australian Share Fund (Managed Fund) (ASX: AASF)

Airlie Australian Share Fund (Managed Fund) (ASX: AASF)

  1. View the indicative Net Asset Value (iNav)*


    Ticker Details
      Units Indicative NAV
    Bloomberg AASF AU EQUITY AASFIV INDEX
    Thomson Reuters AASF.AX AASFAUiv.P
    IRESS AASF.AXW AASFINAV.ETF
  2. Check the current share price AASF

  3. Buy on the ASX - Ticker Code AASF

Investors should read the Product Disclosure Statement (PDS) prior to making any investment decisions.

Additional information and forms

Airlie Australian Share Fund (Managed Fund) (ASX: AASF)

  1. 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.

  2. Send application form to Mainstream Fund Services
    Mainstream Fund Services - Unit Registry
    GPO Box 143
    Sydney NSW 2001

Or Email the application form to magellanfunds@mainstreamgroup.com

Temporary processes available during COVID-19

Magellan accepts initial direct investments from individuals with a minimum of $10,000. You can apply by downloading the application form above.

Airlie Australian Share Fund (Managed Fund) (ASX: AASF)

Speak with your adviser/broker. To find an adviser, visit the 'Financial Planning Association of Australia (FPA)' or 'Your best interests' website

Continuous Disclosure

Magellan is pleased to announce that units in the Fund are expected to commence trading on the securities exchange operated by the ASX on 4 June 2020 under the ticker AASF.

If you are an investor in the Fund your holding of units will not change. You may continue to apply for and redeem units in the Fund in the same way that is offered today. There will be no change to the investment objectives of the Fund or to the fees charged to the Fund.

Commencement of trading of the Fund’s Units on the ASX will coincide with the initiation of an issuer sponsored sub-register. From that time you may move your units to your brokerage account and then trade your units on the ASX through your broker.

A replacement PDS has been lodged with the Australian Securities & Investments Commission ("ASIC") and is available here. The replacement PDS contains important information about the Fund and we recommend that you read the PDS carefully.

This notice provides important information for investors in the Airlie Australian Share Fund (Fund).  This update should be read together with the Fund's Product Disclosure Statement dated 22 May 2018 (PDS).

Change of Investment Manager Entity

From 1 December 2019, Magellan Asset Management Limited (Magellan) will replace Airlie Funds Management Pty Limited (Airlie) as the investment manager for the Fund.    Whilst the corporate entity acting as the investment manager will change from this date, the Fund’s portfolio managers will continue to be Matt Williams and Emma Fisher, who are both employees of Magellan.

Why is this change being made?

Airlie is a wholly-owned subsidiary of Magellan.  In order to maximise operational efficiencies, Magellan is being appointed as investment manager of the Fund, replacing Airlie.  Magellan will also continue to act as Responsible Entity of the Fund.

What do I need to do?

If you are an existing investor in the Fund, the transition to Magellan as the investment manager of the Fund will not result in any change to your unitholding and there is nothing that you will need to do.

If you are considering an investment in the Fund, please ensure you read this notice together with the Fund’s PDS.

Set out below are the upcoming changes that impact Airlie Australian Share Fund (ARSN – 623 378 487).

1. Change to Payment Options - Additional Investments

  • Removal of Direct Debit

From 1 December 2019, Magellan Asset Management Ltd (“Magellan”) will no longer be offering Direct Debit as a payment option for additional investments to Airlie Australian Share Fund.

BPAY®, Electronic Funds Transfer (“EFT”) and Australian Dollar Cheque will continue as payment methods for additional investments. The minimum amounts for additional investments by these methods will remain unchanged at $500 for BPAY® and $5,000 for EFT and Cheque.

2. Regular Monthly Investment Plan – cancellation

From 20 November 2019, the Regular Monthly Investment Plan (“Plan”) administered by means of Direct Debit will no longer be available. For those investors who currently have a Plan set up, the last Direct Debit from a nominated bank account will occur on this date. The easiest way for investors to either continue to, or start to, add to existing investments on a regular basis would be to set up a recurring BPAY® payment with their financial institution.

Investment Insights

  • Video Insights 20 Jun 2018

    Airlie Australian Share Fund - Meet The Managers

    The Airlie Australian Share Fund provides an opportunity to access an experienced investment team with a proven track record of prudent, common sense investing. Learn more about the Portfolio Managers, Matt Williams and Emma Fisher. (Viewing time: 8 mins)

  • Video Insights 04 Sep 2020

    Results Season, Done - Now What? - Live Webinar

    Quiz - 0.75 CPD hours available

    Matt Williams reviews the recent results season which was predicted to be the ‘least helpful’ in assessing company’s balance sheet health and growth outlooks. But was it? What have we learnt? What have been the surprises and opportunities, which companies have Airlie continued to invest in, and why? (Viewing time: 44 min)

  • Video Insights 19 Aug 2020

    Matt Williams chats with Commsec's Tom Piotrowski

    Matt Williams, Portfolio Manager of the Airlie Australian Share Fund, chats with Tom Piotrowski from Commsec. The pair discuss investment themes that have emerged during the covid-19 crisis and the outlook for the big four banks and the resources sector. (Viewing time: 14 min)

  • Stock Story 15 Jul 2020

    Stock Story: Macquarie Group

    This high-quality asset manager is better braced for these difficult times than it was during the GFC. (Reading time: 5 min)

  • Video Insights 14 Jul 2020

    Airlie Australian Share Fund

    Quiz - 0.25 CPD hours available

    Matt Williams, the Portfolio Manager of the Airlie Australian Share Fund, talks to Frank Casarotti about the effects of the covid-19 crisis on the Australian economy and stock market.  They discuss Australian banks, why the portfolio holds CBA, what company managements are prioritising and what worries them most. (Viewing time: 13 min)

  • Investment Insights 14 Jul 2020

    Management Matters

    The covid-19 crisis has delivered an unprecedented challenge to health authorities and macroeconomic policymakers alike. For many company management teams it has above all tested their recent decisions on how they have allocated capital.

FAQs

You have the choice of either buying units on the Securities Exchange (Ticker: AASF) via your stockbroker/online broker or applying directly with the Responsible Entity by sending an Application Form to our unit registry.

If you hold your investments via an investment administration platform, you should consult your financial adviser who will be able to assist you in investing in the Fund.

There are important differences between investing in the Fund through the Securities Exchange or by applying directly with the Responsible Entity, including the price you will receive. You should read the PDS before making any decision on how to invest in the Fund..

You can exit the Fund either by making a withdrawal request to the Responsible Entity using a Withdrawal Form or by selling units on the Securities Exchange (Ticker: AASF) via your stockbroker or online broker. How you enter the Fund does not affect the method by which you can exit the Fund.

To make a withdrawal request with the Responsible Entity….
If you have a Securityholder Reference Number (SRN) or Investor Number
You will need to provide your SRN or Investor Number on your Withdrawal Form
If you have a Holder Identification Number (HIN) with your stockbroker or online broker
You will need to convert your holding from your HIN with your stockbroker or online broker to an SRN issued by the unit registry.
This is a standard process which your stockbroker or online broker can assist you with.

 

 

To sell your units on the Securities Exchange….
If you have a Securityholder Reference Number (SRN) or Investor Number
You can provide your SRN to certain stockbrokers who can sell your units on your behalf.
If your stockbroker does not offer this service, you will need to ask your stockbroker to convert or transfer your holding onto a HIN.  This is a standard process which your stockbroker can assist you with. You can then instruct your stockbroker to sell your units on the Securities Exchange.
 
If you have a Holder Identification Number (HIN) with your stockbroker
You can instruct your stockbroker to sell your units on the Securities Exchange.


There are important differences between exiting the Fund via the Securities Exchange or by withdrawing directly with the Responsible Entity, including the price you will receive. You should read the PDS or consult with your financial adviser before making any decision on how to invest in the Fund.

Your HIN or SRN can be found on the top right hand corner of your holding statement and other shareholder communications. You will typically have a HIN if you bought your units on the Securities Exchange through a stockbroker. You will typically have an SRN if you applied for unit directly with the Responsible Entity.

A HIN is a Holder Identification Number issued by your stockbroker. It is a unique number used to link all your holdings, stocks, shares, and not specific to just Magellan. A HIN is 11 characters long. It starts with an ‘X’ followed by 10 digits. For example: X0001235898

An SRN is a Securityholder Reference Number issued by the Fund’s Unit Registry and is your unique identifier in the Fund. An SRN is 11 characters long and starts with an ‘I’ followed by 10 digits. Example: I00874500369. Your SRN will be stated on your first confirmation statement and partly masked for subsequent statements.

If you invest on the Securities Exchange there is no initial minimum investment amount.

If you invest directly with the Responsible Entity by sending us an Application Form, the minimum initial investment is A$10,000 which is the same as all Magellan’s unlisted funds.

Additional investments can be made into an existing account at any time. No minimum applies for additional investments by BPAY. A minimum of $5,000 applies to other payment methods.

Yes, if a distribution reinvestment plan is offered you may choose to automatically reinvest your distribution as additional units in the Fund regardless of how you acquired your units. Further information will be made available on the Fund’s website at the time any DRP is offered.

The Fund charges a management and administration fee of 0.78% per annum.  

Our management fees are inclusive of the estimated net effect of Goods and Services Tax (“GST”) (i.e. inclusive of GST, less any reduced input tax credits). For more information about GST, see ‘Management costs’ in the PDS.

The Responsible Entity intends that the Fund will make distributions on a half yearly basis. The Fund may make distributions more or less frequently at the discretion of the Responsible Entity but will generally make a distribution to investors at least annually.

The Fund is an active, typically 25 stock portfolio, that references the S&P/ASX 200 Accumulation Index for comparative performance measurement. 

The Fund aims to have a cash or cash equivalents range of 0-10%, but generally intends to be fully invested.  

The Fund is an active, typically 25 stock, portfolio with a maximum limit of issued capital ownership of 15%. The Fund can hold a maximum of 15% of any one stock in the portfolio.   

The Fund has been rated by Zenith (as at June 2019), Morningstar (as at October 2019) and Lonsec (as at June 2018).  Please visit the individual research house's website to view the rating and full report.

Magellan Asset Management Limited (‘Magellan’) (AFS Licence No. 304 301) is the responsible entity, investment manager and issuer for the Fund.  Magellan is responsible for the investment management of the fund via the Fund’s portfolio managers, Matt Williams and Emma Fisher, who are both employees of Magellan. Magellan is also responsible for the overall operations of the Fund including: distribution, compliance and risk management, reporting, marketing, operations and service provider management. 

Magellan’s expertise in operating retail funds has enabled the retail market access to the Airlie investment team for the first time.  

Contact Us

Telephone: +61 2 9235 4760

Email: adviserservices@airliefm.com.au

Mainstream Fund Services provides a range of registry services including the processing of applications, redemptions and distributions as well as the maintenance of unitholder records.

For online access to your investment in Airlie Australian Share Fund, click here.
Phone: 1300 127 780 (in Australia) or +61  2 8259 8566 (International) or 0800 787 621 (New Zealand).
Email: magellanfunds@mainstreamgroup.com

Dispute Resolution Process

At Magellan Asset Management Limited (“Magellan”) your feedback is important to us.

What to do if you have a complaint:

Magellan is committed to providing investors with the best possible service. If at any time you are dissatisfied with a service provided by Magellan, please contact us so we can work towards a resolution. 

How to make a complaint:

Magellan accepts all complaints made orally or in writing, formally or informally.

  1. Please contact our Complaints Officer using any of the following methods:
    Phone: +61 2 9235 4888
    Email: complaints@magellangroup.com.au
    Mail: Magellan Asset Management Limited, MLC Centre, Level 36, 19 Martin Place Sydney, NSW 2000
     
  2. Please provide full contact details to enable us to respond to you quickly.
     
  3. Please provide as much detail as possible regarding the nature of your complaint and any supporting documentation.

We will:

  • Provide you with a written receipt of the complaint immediately, or as soon as practicable.
  • Provide you with a final written response setting out Magellan’s proposed remedy as soon as possible, but in any event within 45 days of receiving the complaint.
     
  • Note: The requirement to provide a final response will not apply where the complaint is resolved to your satisfaction by the end of the fifth business day after the complaint is received and you have not requested a response in writing.

Keeping you informed:

We will keep you informed at regular intervals about the progress of our investigations and response.

Still not satisfied?

Magellan is a member of the Australian Financial Complaints Authority (“AFCA”). If an issue has not been resolved to your satisfaction, you can lodge a complaint with AFCA. AFCA provides fair and independent financial services complaint resolution that is free to consumers.

Website: www.afca.org.au

Email: info@afca.org.au

Telephone: 1800 931 678 (free call)

In writing to: Australian Financial Complaints Authority, GPO Box 3, Melbourne VIC 3001

Important Information: Units in the Airlie Australian Share Fund (Fund) are issued by Magellan Asset Management Limited (ABN 31 120 593 946, AFSL 304 301) trading as Airlie Funds Management. Please consider the Fund's Product Disclosure Statement, available on this website, in deciding whether to acquire, or to continue to hold, an investment in the Fund. Past performance is not a reliable indicator of future performance. This material is not a securities recommendation or an offer or solicitation with respect to the purchase or sale of any securities in any jurisdiction. This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should therefore assess whether the material is appropriate for you and obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances.

The material on this webpage may include data, research and other information from third party sources. We make no guarantee that such information is accurate, complete or timely and does not provide any warranties regarding results obtained from its use.   Statements contained in this material that are not historical facts are based on our current expectations, estimates, projections, opinions and beliefs. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon.

Any trademarks, logos, and service marks contained herein may be the registered and unregistered trademarks of their respective owners. This material and the information contained within it may not be reproduced, or disclosed, in whole or in part, without the prior written consent of Magellan Asset Management Limited.