This fund has RI status: None
Magellan Sustainable Fund
Responsible Investing Approach
The Fund's primary investment objective is to achieve attractive risk-adjusted returns over the medium to long term through investment in a concentrated portfolio of high quality companies, whilst reducing the risk of permanent capital loss. This objective incorporates the consideration of ESG factors and the application of Magellan's low carbon framework.*
*Magellan's low carbon framework aims to limit the carbon intensity of the portfolio to one-third of the weighted average carbon intensity of the MSCI World Index, as reported by MSCI. Please see the PDS for further detail.
Documents
The Responsible Investing report is only visible to AFM admins and the Fund Manager
Exclusions
The Fund excludes companies with business involvement at or above the specified tolerance guidance in the following industries, which they view may have wide-ranging detrimental impacts on society.
| Exclusions | Full/Partial Exclusion |
Description
|
|---|---|---|
 Tobacco
|
Full | The Fund excludes companies with any exposure to the production of tobacco products. |
| Partial | The Fund excludes companies with a material exposure greater than 5% of the company's revenue to the distribution of tobacco products. |
|
 Alcohol
|
Partial | The Fund excludes companies with a material exposure greater than 5% of the company's revenue to the production of alcohol, or a 10% exposure to the distribution of alcohol. |
 Weapons
|
Full | The Fund excludes companies with any exposure to the manufacturing of controversial armaments and weapons. |
| Partial | The Fund excludes companies with a material exposure greater than 5% of the company's revenue to the manufacturing of conventional weapons and civilian firearms, the distribution of civilian firearms, or services in direct support of conventional weapons. |
|
 Fossil fuel exploration, mining and production
|
Full | The Fund excludes companies with any exposure to the mining or extraction of fossil fuels such as thermal coal, gas and oil. |
| Partial | The Fund excludes companies with a material exposure greater than 5% of the company's revenue to energy generation from fossil fuels such as thermal coal, gas and oil. |
|
 Gambling
|
Partial | The Fund excludes companies with an aggregate exposure greater than 5% of the company's revenue from the direct operation or ownership of gambling facilities. |
 Adult entertainment/pornography
|
Partial | The fund excludes companies with a material exposure greater than 5% of the company's revenue from the production or distribution of pornography. |
Inclusions
Magellan overlay their proprietary low carbon framework to deliver a portfolio which aims to limit the carbon intensity of the portfolio to one-third of the weighted average carbon intensity of the MSCI World Index, as reported by MSCI. Companies are reviewed and scored for the materiality of their exposure to environmental, social and governance (ESG) factors. The assessment is a direct input into portfolio management.
UN Sustainable Development Goals
Conventions & Treaties
In 2022, Magellan joined the Net Zero Asset Managers initiative, showcasing its commitment to net-zero emissions. Since 2012, Magellan has become a signatory to the Principles for Responsible Investing and, since 2017, has been acknowledged as a Responsible Investor by the Responsible Investment Association Australasia (RIAA). Additionally, it is a member of the Investor Group on Climate Change.
| Conventions & Treaties | Aligned |
Description
|
|---|---|---|
| Principles for Responsible Investment | Yes | Signatory since 2012 |
ESG Score
| ESG Score |
|
||
|---|---|---|---|
| Does the portfolio have an ESG score? | Not disclosed | ||
| If so, who is responsible for calculating the score? | Not disclosed | ||
| If a score is calculated, is this publicly available; i.e. displayed in monthly reports, on your website, etc.? | Not disclosed | ||
| If the portfolio has an ESG score, how often is that score recalculated to account for changes to portfolio holdings? | Not disclosed | ||
Impact Investing Score
| Impact Investing Score |
|
||
|---|---|---|---|
| Does the portfolio have an Impact Investment score? | Not disclosed | ||
| If a score is calculated, is this publicly available; i.e. displayed in monthly reports, on your website, etc.? | Not disclosed | ||
| If the portfolio has an Impact Investment score, how often is that score recalculated to account for changes to portfolio holdings? | Not disclosed | ||
| Does the fund publish its holdings publicly? | Yes | ||
Policies, Certification & Marketing
| Policies, Certification & Marketing |
|
|||
|---|---|---|---|---|
| Responsible investing policy | View Responsible investing policy document | |||
| Proxy voting policy | View Proxy voting policy document | |||
| Modern slavery policy | View Modern slavery policy document | |||
| Is the fund RIAA certified? | No | |||
| Stewardship 2023 Report | View Stewardship 2023 Report document | |||
| Responsible Investment Principles | View Responsible Investment Principles document | |||
| Holdings (Dec 2023) | View Holdings (Dec 2023) document | |||
| Climate Change Report | View Climate Change Report document | |||
Magellan Sustainable Fund
Strategy Summary
The fund invests in a high conviction (20 - 50 securities) portfolio of globally listed companies, with high quality focus. It integrates ESG screens and risk assessment together with a proprietary low carbon framework overlay. Typical cash and cash equivalents exposure between 0 - 20%. The fund excludes companies whose activities, as assessed by Magellan, may have wide-ranging detrimental impacts on society. Magellan overlay their proprietary low carbon framework with the aim of delivering a portfolio with meaningfully lower carbon intensity than broader equity markets.Key Terms
| Status: | Closed | Inception Date: | Jan 2021 |
| Strategy: | Equity Long | Style: | Blend |
| Geography: | Global | Domicile: | Australia |
| Investors: | Retail | Min. Investment: | AU$10000 |
| Mgmt. Fee: | 1.37% | Perf. Fee: | 10% |
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