Magellan FuturePay
A growing monthly income, now and into the future

Fund & performance

Invest in the world's best

 

Fund Facts

Portfolio manager
FuturePay Size
$17.30 million 30 Jun 2022
Support Trust Size
$2.55 million 30 Jun 2022
CBOE Ticker
FPAY
Market Data Tickers
  Units
Bloomberg FPAY AU EQUITY
Refinitiv FPAY.CHA
IRESS FPAY.CXA
Entry costs
Buy spread: 0.10%
Exit costs
Sell spread: 0.10%***
(only applicable to investors who apply for units directly with the Fund)
APIR Code
MGE9989AU
ARSN
645 515 082
Management fee
1.00% p.a. of FuturePay's portfolio value
Performance Fee
There is no performance fee

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

** iNAV calculations as shown on www.magellangroup.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.

*** Sell spread is applied to the NAV per Unit less the Mutualisation Amount

# as at 2 June 2021, growing at inflation quarterly

^ Income Yield is calculated daily: Target Monthly Income x 12 / estimated NAV per Unit

The SUPPORT TRUST COVERAGE is the number of months over which the support trust could fund 100% of the Target Monthly Income of FuturePay and is calculated as the Net Asset Value of the Support Trust divided by the product of the number of Units on Issue and the Target Monthly Income

Paddy McCrudden

Paddy McCrudden

Head of Retirement Solutions and Data Science at Magellan Financial Group

Paddy McCrudden joined Magellan in 2017 as the Head of Retirement Solutions and Data Science. Before that, Paddy worked for 16 years at BlackRock. From 2015 to 2017, Paddy was based in New York where he led a team building quantitative models for global equities and worked as a lead strategist for active equities.

Between 2010 and 2015, Paddy was the head of portfolio management for Australian equities based in Sydney, overseeing index, active and long-short funds. Between 2001 and 2010, Paddy was a portfolio manager and trader in a team responsible for multi-asset portfolios.

Prior to the finance industry, Paddy worked as a lecturer in pure mathematics at McGill University in Québec and Macquarie University in Sydney.

Paddy earned a CFA in 2005 and holds a Bachelor of Science (hons) from Sydney University and a Ph.D. in pure mathematics from Macquarie University.

Performance

31 May 2022
Performance 3 Months 6 Months Since Inception
(% PA)
FuturePay NAV* 0.60% -0.65% 3.01%
Investor return** -6.95% -8.12% -4.72%

*Calculations are based on NAV prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees, entry fees (if applicable) and the Mutualisation Amount. Inception date 2 June 2021 (inclusive).

**The Investor return shows the impact of the Mutualisation Amount on the performance of FuturePay. The calculation is based on exit prices with distributions reinvested, but on the basis that the Mutualisation Amount is only applied on the last day of the period, after ongoing fees but excluding individual tax, member fees and entry fees (if applicable). Inception date 2 June 2021 (inclusive).

Growth of AUD $10,000
30 June 2022

*Calculations are based on NAV prices with distributions reinvested, after ongoing fees and expenses but excluding individual tax, member fees, entry fees (if applicable) and the Mutualisation Amount. Inception date 2 June 2021 (inclusive).

Unit Prices

As at 20/07/2022
Estimated NAV per Unit: 5.64
Date Net Asset Value Entry Exit Value of Support Trust Rights per Unit
19/07/2022 5.6426 5.6482 5.6370 0.0000
18/07/2022 5.6426 5.6482 5.6370 0.0000
15/07/2022 5.6418 5.6474 5.6362 0.0002
14/07/2022 5.6414 5.6470 5.6356 0.5573
13/07/2022 5.4886 5.4941 5.0715 0.5568
12/07/2022 5.5040 5.5095 5.0860 0.5554
11/07/2022 5.5304 5.5359 5.1104 0.5526
08/07/2022 5.5023 5.5078 5.0845 0.5556
07/07/2022 5.5128 5.5183 5.0942 0.5544
06/07/2022 5.5133 5.5188 5.0943 0.5539
05/07/2022 5.4840 5.4895 5.0672 0.5571
04/07/2022 5.5067 5.5122 5.0883 0.5546
01/07/2022 5.5289 5.5344 5.1088 0.5522
30/06/2022 5.4652 5.4707 5.0499 0.5610
29/06/2022 5.4989 5.5044 5.0813 0.5644
28/06/2022 5.4861 5.4916 5.0692 0.5655
27/06/2022 5.5274 5.5329 5.1075 0.5610
24/06/2022 5.5197 5.5252 5.1004 0.5618
23/06/2022 5.4265 5.4319 5.0143 0.5718
22/06/2022 5.3785 5.3839 4.9699 0.5768
21/06/2022 5.3488 5.3541 4.9425 0.5798
20/06/2022 5.3121 5.3174 4.9085 0.5835
17/06/2022 5.3155 5.3208 4.9118 0.5832
16/06/2022 5.2932 5.2985 4.8911 0.5854
15/06/2022 5.3750 5.3804 4.9668 0.5771
14/06/2022 5.3495 5.3548 4.9433 0.5797
10/06/2022 5.5065 5.5120 5.0883 0.0000
09/06/2022 5.5706 5.5762 5.1475 0.5555
08/06/2022 5.6247 5.6303 5.1975 0.5493
07/06/2022 5.6552 5.6609 5.2258 0.5458
06/06/2022 5.6466 5.6522 5.2175 0.5463
03/06/2022 5.6258 5.6314 5.1983 0.5488
02/06/2022 5.6552 5.6609 5.2255 0.5454
01/06/2022 5.6327 5.6383 5.2047 0.5465
31/05/2022 5.6857 5.6914 5.2536 0.5425
30/05/2022 5.7087 5.7144 5.2749 0.5430
27/05/2022 5.7166 5.7223 5.2823 0.5421
26/05/2022 5.6898 5.6955 5.2575 0.5453
25/05/2022 5.6588 5.6645 5.2289 0.5490
24/05/2022 5.6525 5.6582 5.2231 0.5497
23/05/2022 5.6425 5.6481 5.2139 0.5510
20/05/2022 5.6039 5.6095 5.1782 0.5555
19/05/2022 5.5709 5.5765 5.1477 0.5592
18/05/2022 5.6084 5.6140 5.1824 0.5524
17/05/2022 5.6845 5.6902 5.2526 0.5435
16/05/2022 5.6616 5.6673 5.2316 0.5462
13/05/2022 5.6640 5.6697 5.2338 0.5460
12/05/2022 5.6010 5.6066 5.1756 0.5533

Distribution history

IMPORTANT


Please ensure that your Tax File Number (TFN) or Australian Business Number (ABN) is provided to the Unit Registry by Record Date, otherwise tax will be withheld on income attributed to you at the top marginal tax rate plus Medicare Levy.

Please ensure that your bank account details are provided to the Unit Registry by Record Date, otherwise your distribution payment will be withheld until a valid bank account is provided.

To review or update your TFN/ABN and bank account details, log on to the Unit Registry’s online portal.


 

Period Distribution per unit Reinvestment price Payment date Payment Notice Annual Fund Distributions
June 2022 2.13300 cents $5.52890 15/07/2022 Download Download
May 2022 2.13300 cents $5.63270 15/06/2022 Download
April 2022 2.08900 cents $5.69520 13/05/2022 Download
March 2022 2.08900 cents $5.78600 14/04/2022 Download
February 2022 2.08900 cents $5.63960 15/03/2022 Download
January 2022 2.06100 cents $5.90930 15/02/2022 Download
December 2021 2.06100 cents $6.04210 14/01/2022 Download
November 2021 2.06100 cents $5.80220 15/12/2021 Download
October 2021 2.05000 cents $5.86260 15/11/2021 Download
September 2021 2.05000 cents $5.79610 15/10/2021 Download
August 2021 2.05000 cents 15/09/2021 Download
July 2021 2.03000 cents 13/08/2021 Download
June 2021 2.03000 cents 15/07/2021 Download Download

FAQs

FuturePay is quoted on the Chi-X securities exchange and can be bought and sold like any listed security. Alternatively investors can apply and redeem directly with Magellan. See 'How to Invest' for more information.

Chi-X Australia is an innovative Australian securities and derivatives exchange. Funds that are quoted on Chi-X can be bought and sold like any listed security via a stockbroker or online trading account.

When buying units on the securities exchange, there is no minimum initial investment. When applying directly with Magellan, the minimum initial investment is $10,000.

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

To make a withdrawal request with the Responsible Entity

If you have a Securityholder Reference Number (SRN) or Investor Number

You will need to make a withdrawal request to the Unit Registry.

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 FuturePay 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 FuturePay .

Registry enquiries (Automic)

Automic Group

GPO Box 2629

Sydney NSW 2001

Emailmagellanfunds@automicgroup.com.au

Fax+61 2 8072 1409

Phone1300 408 792 (or +61 2 8072 1481)