:
Message from Sophia Rahmani, CEO & MD, Maple-Brown Abbott - COVID-19 (Coronavirus)
Message from Sophia Rahmani, CEO & MD, Maple-Brown Abbott - COVID-19 (Coronavirus)

Maple-Brown Abbott Pooled Superannuation Trust

Performance

Performance
(as at 31 May 2020)

Performance 1 mth % 3 mths % 1 yr % p.a. 3 yrs % p.a. 4 yrs % p.a. 5 yrs % p.a. Since inception % p.a. *
Fund ** 2.2 -5.9 -3.8 2.0 4.1 3.0 9.1

Performance chart
(as at 31 May 2020)

Data Source: Maple-Brown Abbott

Unit price as at 7 Jul 2020

Redemption price $ 18.4075

Net asset value $ 18.4352

Application price $ 18.4629

Contact us

Duncan Hodnett
Head of Global Distribution

Phone: +61 (0) 2 8226 6200
Mobile: +61 (0) 456 382 472
invest@maple-brownabbott.com.au

Fund update - May 2020

The Trust returned 2.2% in May. The Trust’s Australian equities holdings returned 3.7%, below the benchmark. The largest positive contributor to performance was our decision not to hold CSL (-11%). After outperforming strongly during the downturn, improving market sentiment saw money flow away from CSL and other defensives towards cyclical names, most notably the banks. Whilst CSL has now fallen materially from its peak, it still trades on nearly 40x forward earnings and we continue to view it as expensive. Of stocks held, our overweight position in Janus Henderson Group (+36%) was a key positive. The company reported its first quarter earnings, beating market expectations due to higher performance fees and lower variable remuneration. The main negative contributors to our performance were underperformance from several ‘value’ names held by the portfolio and strong performance from high growth IT and gold stocks not held by the portfolio. Of stocks held, our overweight position in Incitec Pivot (-16%) was a key detractor. The company released its first half financial result during the month and, whilst the result was in line with expectations, it surprised the market with an equity raising which saw the stock underperform. Whilst not without near-term challenges, the longer-term earnings outlook is attractive, as pricing for its key products recover from cyclical lows. The Trust’s international equities holdings returned 2.5%, underperforming the benchmark. The Trust’s A-REIT holdings returned 2.8%, also below the benchmark. The Trust’s fixed interest holdings returned 0.1%, modestly below the benchmark. The Trust’s exposure to alternative assets, through its holding in the MBA Global Listed Infrastructure Fund, returned 2.1%, outperforming its RBA cash rate benchmark return of 0.0%.

PERFORMANCE DISCLAIMER: Please note that the figures above represent past performance, and past performance is not a reliable indicator of future performance. Returns are volatile and may fluctuate quickly and significantly. Neither Maple-Brown Abbott Limited nor any other person makes any representation nor gives any guarantee as to the future performance or success of, the rate of income or capital return from, recovery of money invested in, or income tax or other taxation consequences of, any investment in the trusts shown on this website.

* Inception date is 31 December 1986.

** The Trust's performance is based on the movement in net asset value per unit which includes all fees and charges and full provision for income tax and capital gains tax on both realised and unrealised capital gains.

About the Fund

Investment objective

The Trust invests in a mix of growth and defensive assets with the objective of generating an attractive total return (income and capital) to investors over the longer term.

Key benefits

  • The opportunity to invest in a fund managed by a team of experienced and dedicated investment professionals
  • Access to a diversified portfolio that aims to deliver long-term capital growth
  • Access to investment opportunities, markets, asset allocation and risk management techniques not generally available to individual investors
  • An effective tax rate which is typically less than the maximum 15% tax rate for superannuation trusts, due to the availability of franking credits and concessional capital gains tax treatment on realisation of certain assets
  • Tax liabilities are managed within the Trust and the returns you receive are after fully providing for tax

Fund facts
(as at 31 May 2020) Latest Fact Sheet

Fund size $ 105.1 Million
APIR code MPL0801AU
Inception date Dec 1986
Distribution frequency n/a
Unit pricing frequency Daily
Minimum initial investment $ 500,000
Minimum additional investment $ 10,000

Significant holdings
(Australian equities - as at 31 May 2020)

Amcor PLC
Australia & New Zealand Banking Gp
BHP Billiton
Coles Group
National Australia Bank
Origin Energy
Rio Tinto
Telstra Corporation
Westpac Banking Corporation
Woodside Petroleum

Asset allocation
(as at 31 May 2020)

Overseas equities weightings
(as at 31 May 2020)

Unit prices

Unit price history

Here you will find the unit price history for the Fund.

Date Redemption price Net asset value Application price
07/07/2020 $ 18.4075 $ 18.4352 $ 18.4629
06/07/2020 $ 18.4870 $ 18.5148 $ 18.5426
03/07/2020 $ 18.4724 $ 18.5002 $ 18.5280
02/07/2020 $ 18.5036 $ 18.5314 $ 18.5592
01/07/2020 $ 18.3214 $ 18.3489 $ 18.3764
30/06/2020 $ 18.2425 $ 18.2699 $ 18.2973
29/06/2020 $ 18.1334 $ 18.1606 $ 18.1878
26/06/2020 $ 18.2311 $ 18.2585 $ 18.2859
25/06/2020 $ 18.1619 $ 18.1892 $ 18.2165
24/06/2020 $ 18.3616 $ 18.3892 $ 18.4168

Download unit price history

Forms & reports

Forms & reports

Below is a range of important forms and reports that are available.

To invest with us you should ensure you have read the sure Statement (PDS), including the Additional Information Booklet (AIB), before completing the Initial Application.

The Fact Sheet will provide you with an update on the Fund including performance and positioning.

If you would like more information or have any questions, please contact us on 1300 097 995 or mba@unitregistry.com.au.

Invest now

Invest now

The Fund is open only to Australian regulated superannuation funds (including SMSFs), approved deposit funds, pooled superannuation trusts and other entities permitted by the Superannuation Industry (Supervision) Act 1993 (Cth).

It is easy to invest with Maple-Brown Abbott, just follow the steps below.


Step 1: Read the current Product Disclosure Statement (PDS)

Carefully read the Product Disclosure Statement (PDS) including the Additional Information Booklet (AIB) to ensure that you understand how the product works and the risks involved.

Step 2: Make an Application

New investments can be made Online.



Investments can also be made using the forms below.

Step 3: Investment confirmation

Once your application and payment are received, you'll receive confirmation of your investment details.


Still need help?

If you have any questions, please contact us 1300 097 995 or mba@unitregistry.com.au.


BPAY®

Investing is easy with BPAY®

BPAY® is a secure payment facility that enables you to invest directly from your bank account into your Maple-Brown Abbott funds using your phone or internet banking service.

Why use BPAY® ?

BPAY® is an electronic funds transfer payment method, initiated by you, from your bank account to your Maple-Brown Abbott investment account. By using the convenience of phone or internet banking, BPAY® allows for the prompt (next business day) transfer of funds into your investment account.

Biller Code

The Biller Code for the fund is 310698

Note: by using a Biller Code to make a BPAY® deposit, you acknowledge you’ve received Product Disclosure Statements (PDSs) for the managed investments in your account and agree to receive PDSs (including information about significant events or matters affecting them) electronically via the MBA Online Portal.

Reference Number

When you start investing with Maple-Brown Abbott, you’ll be provided with an investor number. Use your investor number as your reference when making payments via BPAY®.

Using BPAY®

To invest in a Maple-Brown Abbott fund using BPAY® you need a Biller Code and Reference Number.

If you’d like to make a payment to this fund Biller Code Reference Number
Maple-Brown Abbott Pooled Superannuation Trust 310698 Your investor number

How do I start using BPAY®?

  • Register with your financial institution’s phone and/or internet banking service.
  • Obtain your BPAY® Biller Code and Reference Number.
  • Contact your financial institution via phone or internet banking and provide the required security details (such as password and user ID).
  • Follow the prompts for the BPAY® payment facility. You’ll need to provide your unique BPAY® Biller Code and Reference Number, and payment amount and the bank account from which your payment is to be made.
  • The details of the transaction will be repeated back or displayed for you and you’ll be prompted to confirm the payment.
  • You’ll then be given a receipt number for your reference.
  • You also need to ensure the BPAY® deposit matches the online instructions given to your financial adviser (for example, correct Biller Code, and the payment type and deposit amounts are the same). If the instructions don’t match, we may not be able to match the payment to the deposit and it may be allocated as per the default investment instructions and up-front fee specified on your account.

Note: instructions submitted by your financial adviser online only remain valid for 30 days, so you need to ensure a BPAY® deposit is transferred within this time frame.

BPAY® deposit limits

Daily BPAY® transfer limits are enforced by all financial institutions. You’ll need to check with your financial institution to obtain the daily transaction limit for your account.

How is my BPAY® deposit invested in my MBA investment account?

BPAY® deposits are automatically allocated to your Maple-Brown Abbott investment account on the next working day.

Will I receive confirmation?

Your financial institution will give you a receipt number which confirms it has identified and authorised the BPAY® payment instruction. You should keep this for future reference. You can also check the MBA Online Portal to confirm the transaction has been made.

Disclosure

Further information in relation to the Maple-Brown Abbott Pooled Superannuation Trust

Outsourced Service Provider / Custodian: The Northern Trust Company

There have been no significant events notices or material change notices made to members within the previous 2 years.



Information in relation to Maple-Brown Abbott Limited (RSE Licensee)

Fees And Costs

Investment Fee *

Base
Fee
% 1 & 2
Fees paid to
other investment managers
% 3
Net transactional and
operational costs
% 4
Total
investment fee
%
0.61 0.07 0.05 0.73

1) Unless otherwise stated, all fees are quoted on a GST inclusive basis and net of any applicable Reduced Input Tax Credits


2) The base fee is the fee we charge for managing the assets and overseeing the operations of the Trust, expressed as a percentage of the net asset value of the Trust. The Trust invests part of its assets in other funds which we manage. Base fees in those funds are either rebated or not charged, in respect of an investment by the Trust to avoid double counting of fees in respect of those underlying funds


3) Fees paid to other investment managers are based on the fees and costs incurred during the prior financial year ended 30 June. These costs represent the fees paid to external managers of the individually managed portfolios in the Maple-Brown Abbott International Equity Trust


4) Based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average Trust net asset value. Please refer below for an explanation of the Transactional and Operational Costs


* Fees may be negotiated if you are a wholesale investor as defined in the Corporations Act 2001 (Cth)


Administration Fee

Administration fee
%
0.02

The Administration fee is comprised of the audit fee for the Trust and an annual levy payable to the Australian Prudential Regulation Authority (APRA), and is based on the audit fee and APRA levy incurred during the prior financial year ended 30 June



Transactional and Operational Costs

Total transactional and
operational costs
% 1
Less buy-sell
spread recovery
% 2
Net transactional and
operational costs
%
3
0.14 0.09 0.05

1) Transactional and operational costs represent the estimated costs from the Trust’s investing activities. These costs are recovered in part or whole by the buy-sell spread. To the extent these costs are not recovered through the buy-sell spread, they are included in the investment fee. These costs include brokerage, settlement costs, clearing costs, stamp duty and other taxes on an investment transaction. It also includes the difference between the price paid for purchasing securities and the price that would be payable if selling securities (i.e. bid/ask spread).


2) Buy-sell spread recovery represents the amount charged to investors that relates to investor applications and withdrawals.


3) Based on the estimated costs incurred during the prior financial year ended 30 June, expressed as a percentage of the average Fund net asset value.



Buy / Sell Spreads

Total spread
%
0.15 / 0.15

The buy-sell spread is an additional cost to you. This ensures existing investors are not disadvantaged due to the costs associated with buying or selling the Trust’s investments as a result of applications and withdrawals.