Monash Absolute Active Trust (Hedge Fund) ASX Code: MAAT
Listed on the ASX, this Exchange Traded Managed Fund (“ETMF) is an actively managed fund targeting 6% p.a. income distribution. The ETMF does not track a benchmark. It is a long biased, long/short Australian equity fund that invests in a diversified portfolio of Australian listed equities . The launch of MAAT was established in relation to the restructure of the Monash Absolute Investment Company Limited (ASX: MA1) into an exchange traded managed fund.
Please Click Here to see the frequently asked questions (FAQ) pertaining to the MA1 restructure.
Information on the MA1 Net Tangible Asset (NTA) as 30 June 2021 can be downloaded here
- Multi-distributed managed fund which means that investors can buy and sell units on the ASX or directly with the Responsible Entity (Perpetual)
- The Fund invest in a diversified portfolio of Australian listed equities
- Quarterly income distribution of at least 1.5% p.a.
- Managed by Monash Investors experienced and award winning investment team
The Fund’s investment objective is to deliver positive returns over a full market cycle, while limiting loss of capital over the medium term.
Invest with Confidence
Proven Over Time
Double Digit Returns (after fees) since inception in the Unlisted Fund (MAIF)
6% p.a. Target Distribution
Targeting to pay at least 1.50% of NAV per quarter
Easy to Invest
Buy and Sell via the ASX around iNAV during the trading hours (ASX Code: MAAT)
Ways To Invest
- Invest through the ASX
- Invest directly with the Fund by completing an application form
- Speak to a Financial Advisor
Investors should read the Product Disclosure Statement (PDS) prior to investing. The Fund’s Target Market Determination(TMD) can be accessed here. There are differences between buying and selling Units on the ASX and applying for Units or making a withdrawal request to the Responsible Entity. These differences include, but are not limited to, the unit price Investors will receive for their application or redemption For more information on investing in MAAT and the differences between buying and selling Units on the ASX and applying for Units or making a withdrawal request to the Responsible Entity, please refer to sections 11 and 12 in the Fund’s PDS “Investing in the Fund” .
Latest Daily Unit Price
ASX: MAAT Investors Login
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MAAT Fact Sheet
About The Fund
|Bloomberg Code||MAAT AU|
|Trading Hours||10.00-16.00 (AEST)|
|iNAV IRESS Code||MAAT-AUINAV|
|Key Fund Facts|
|Investment Manager||Monash Investors Pty Limited|
|Responsible Entity (RE)||The Trust Company (RE Services) Limited ("Perpetual")|
|Management Fee||1.3833% p.a. of the NAV out of which the Responsible Entity's management fee is also paid.|
|Performance Fee Hurdle||RBA cash rate + 5%|
|Performance Fee||20% excess return above the Benchmark after management fee|
|Distributions||Quarterly of at least 1.50% p.a. of NAV|
|ARSN||642 280 331|
|Minimum Investment||If buying on the ASX, $Nil|
|If applying directly with RE , $10,000|
Performance (after Fees)
To download the most recent investor update , please Click Here
Performance figures contained on this Website are not necessarily indicative of future returns and should be used as a general guide only. Returns on investments necessarily are volatile and subject to change and likely to vary from year to year. These returns are likely to vary from year to year. Returns have been calculated using exit prices after taking into account all ongoing fees, and assuming reinvestment of distributions. No allowance has been made for taxation. Future returns may bear no relationship to the historical information displayed. Returns in a Fund can be particularly volatile in the short term and in some periods may be negative. Neither Perpetual nor Monash Investors makes any guarantee or representation in regards to the performance of any of the funds, nor the specific rate of return to investors or the return of capital.
Portfolio Holdings at 30 June 2021, please Click Here
|wdt_ID||Ticker||SEDOL||Name||Weight % (At 30 June 2021)||Asset Class||Sector||Country||Currency||Shares/Units (#)||Market Value (AUD)||Notional Value (AUD)|
|1||AFT AT||6215035||TELIX PHARMACEUTICALS LIMITED||8.21||Equities||Financials||Australia||AUD||1,176,349||111,259,088.40||111,259,088.40|
|2||HP AT||6144690||HEALTHIA LIMITED||7.40||Equities||Materials||Australia||AUD||1,958,039||100,408,239.90||100,408,239.90|
|3||DSP AT||6185495||LOVISA HOLDINGS LIMITED||7.40||Equities||Healthcare||Australia||AUD||302,318||82,937,920.12||82,937,920.12|
|4||WBC AT||6076146||PEOPLE INFRASTRUCTURE||6.76||Equities||Financials||Australia||AUD||2,436,280||63,538,182.40||63,538,182.40|
|5||NAB AT||6624608||ELECTRO OPTIC SYSTEMS||6.23||Equities||Financials||Australia||AUD||2,188,373||58,670,280.13||58,670,280.13|
|6||ANZ AT||6065586||AUSTRALIAN STRATEGIC MATERIALS LIMITED||0.04||Equities||Financials||Australia||AUD||1,881,977||50,945,117.39||50,945,117.39|
|7||WES AT||6948836||EML PAYMENTS LIMITED||3.82||Equities||Consumer Discretionary||Australia||AUD||746,942||40,954,829.86||40,954,829.86|
|8||MQG AT||0||UNITI GROUP LIMITED||3.69||Equities||Financials||Australia||AUD||229,680||35,816,299.20||35,816,299.20|
|9||WOW AT||6981239||QBE INSURANCE GROUP LIMITED||3.47||Equities||Consumer Staples||Australia||AUD||840,148||34,395,659.12||34,395,659.12|
|10||RIO AT||6220103||NEARMAP LIMITED||3.05||Equities||Materials||Australia||AUD||244,919||31,988,870.59||31,988,870.59|
|wdt_ID||Ticker||Name||Weight||Asset Class||Sector||Country||Currency||Shares/Units (#)||Market Value (AUD)||Notional Value (AUD)|
|1||NAB AT||NAB Bank||0.09||Equities||Financials||Australia||AUD||1,176,349||111,259,088.40||111,259,088.40|
|2||BHP AT||BHP GROUP LTD||0.08||Equities||Materials||Australia||AUD||1,958,039||100,408,239.90||100,408,239.90|
|3||CSL AT||CSL LTD||0.06||Equities||Healthcare||Australia||AUD||302,318||82,937,920.12||82,937,920.12|
|4||WBC AT||WESTPAC BANKING CORP||0.05||Equities||Financials||Australia||AUD||2,436,280||63,538,182.40||63,538,182.40|
|5||NAB AT||NATIONAL AUSTRALIA BANK LTD||0.04||Equities||Financials||Australia||AUD||2,188,373||58,670,280.13||58,670,280.13|
|6||ANZ AT||AUSTRALIA & NEW ZEALAND BANKIN||0.04||Equities||Financials||Australia||AUD||1,881,977||50,945,117.39||50,945,117.39|
|7||WES AT||WESFARMERS LTD||0.03||Equities||Consumer Discretionary||Australia||AUD||746,942||40,954,829.86||40,954,829.86|
|8||MQG AT||MACQUARIE GROUP LTD||0.03||Equities||Financials||Australia||AUD||229,680||35,816,299.20||35,816,299.20|
|9||WOW AT||WOOLWORTHS GROUP LTD||0.03||Equities||Consumer Staples||Australia||AUD||840,148||34,395,659.12||34,395,659.12|
|10||RIO AT||RIO TINTO LTD||0.02||Equities||Materials||Australia||AUD||244,919||31,988,870.59||31,988,870.59|
|Ticker||Name||Weight||Asset Class||Sector||Country||Currency||Shares/Units (#)||Market Value (AUD)||Notional Value (AUD)|
To download a history of the Unit Price please click here
|wdt_ID||Date||NAV (A$)||Entry Price(A$)||Exit Price(A$)||Distribution (A$)|
|39||28 Jun 2021||1.0479||1.0510||1.0448|
|52||15 Jul 2021||1.0229||1.0260||1.0198|
|51||14 Jul 2021||1.0267||1.0298||1.0236|
|50||13 Jul 2021||1.0337||1.0368||1.0306|
|49||12 Jul 2021||1.0267||1.0298||1.0236|
|48||09 Jul 2021||1.0201||1.0232||1.0170|
|47||08 Jul 2021||1.0336||1.0367||1.0305|
|46||07 Jul 2021||1.0211||1.0242||1.0180|
|19||01 Jun 2021||1.0078||1.0108||1.0048|
|20||02 Jun 2021||1.0132||1.0162||1.0102|
June 2021– MAAT is an Attribution Managed Investment Trust (AMIT) for the year ended 30 June 2021. Your AMMA Statement includes amounts attributed to you from the fund relating to the year ended 30 June 2021. You may be required to include these amounts in your tax return for the 2021 financial year. The final June 2021 distribution is 1.6 cents per unit and the only component is “other non-attributable amounts” and therefore no WHT has been applied. Fund payment notice is issued to unitholders on 22 July 2021. The Fund Payment Amount is provided solely for the purposes of the Tax Administration Act 1953 and should not be used for any other purpose. Tax components will be advised in the AMIT member annual (“AMMA”) statement.
September 2021 Quarterly Distribution. The Fund will pay a quarterly distribution of 1.6c per unit for the September 2021 quarter. The estimated tax component for this distribution is Not Taxable Australian Real Property capital gains (NTARP). MAAT is an Attribution Managed Investment Trust (AMIT) for the year ended 30 June 2022.
The Fund’s Distribution Re-investment Plan will operate for all quarterly distributions and this provides investors with a convenient method of reinvesting all or part of their distributions to obtain additional units in the Fund.
|Ex Date||Record Date||Payment Date||Distribution||Quarterly Distribution Return|
How To Invest
What is the minimum initial investment amount?
What is the difference between the ASX quoted price and the daily unit price (NAV)?
The daily unit price reflects the Net Asset Value (NAV) at the end of the trading day.
As an active ETF, MAAT will publish an indicative NAV (“iNAV”) which reflects the real time movements in stock markets during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments. The iNAV represents the best estimate of the value per unit MAAT throughout the trading day. The iNAV calculation is performed by ICE Data and then provided to Macquarie Securities (Australia) Limited, the market maker which acts as an agent of MAAT.
What are the fees?
Please refer to section 10 “Fees and other costs” of the PDS.
How to withdraw my investment in the Fund?
This information is issued by Monash Investors Pty Limited ABN 67 153 180 333, AFSL 417 201 (“Monash Investors”) as authorised representatives of Winston Capital Partners Pty Ltd ABN 29 159 382 813, AFSL 469 556 (“Winston Capital”) for the provision of general financial product advice in relation to the Monash Absolute Active Trust (Hedge Fund) ASX:MAAT ARSN 642 280 331 (“Fund”). Monash Investors is the investment manager of the Fund. The Trust Company (RE Services) Limited ABN 45 003 278 831, AFSL 235 150 (“Perpetual”) is responsible entity of, and issuer of units in, the Fund. The inception date of the Fund is 28 May 2021.
The information provided in this document is general information only and does not constitute investment or other advice. The content of this document does not constitute an offer or solicitation to subscribe for units in the Fund or an offer to buy or sell any financial product. Accordingly, reliance should not be placed on this document as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation. Monash Investors, Winston Capital and Perpetual do not accept liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. Any investment decision in connection with the Fund should only be made based on the information contained in the disclosure document for the Fund. A product disclosure statement (PDS) issued by Perpetual dated 14 April 2021 is available for the Fund. You should obtain and consider the PDS for the Fund before deciding whether to acquire, or continue to hold, an interest in the Fund. The Target Market Determination (TMD) for the fund is available here.
Total returns shown for the Fund have been calculated using exit prices after taking into account all ongoing fees and assuming reinvestment of distribution. No allowance has been made for taxation Past performance is not a reliable indicator of future performance. Comparisons are provided for information purposes only and are not a direct comparison against benchmarks or indices that have the same characteristics as the Fund. Reference to Target Distributions, is a target return only. There is no guarantee that the Fund will meet its investment objective. The payment of a quarterly distribution is a goal of the Fund only and neither Monash Investors or Perpetual provide any representations or warranty (whether express or implied) in relation to the payment of any quarterly cash income. The Trust reserves the discretion to amend its distribution policy
Past performance is not a reliable indicator of future performance. Comparisons are provided for information purposes only and are not a direct comparison against benchmarks or indices that have the same characteristics as the Fund.
Monash Investors, Winston Capital and Perpetual do not guarantee repayment of capital or any particular rate of return from the Fund and do not give any representation or warranty as to the reliability, completeness or accuracy of the information contained in this document. All opinions and estimates included in this document constitute judgments of Monash Investors as at the date of this document are subject to change without notice. Perpetual is not responsible for this document.