Magellan Financial Group

Manager Overview

Magellan Asset Management Limited (Magellan) was formed to generate attractive returns for clients by investing in global equities and global listed infrastructure while protecting their capital. Magellan was founded in 2006 by Hamish Douglass and Chris Mackay and has offices in Australia, New Zealand and the US. Magellan is a wholly owned subsidiary of Magellan Financial Group, which is one of the top-100 stocks by market value on the ASX.

Manager's responsible investing approach

Since inception, Magellan's focus has been on identifying quality companies and achieving investment objectives. A key part of its investment process is to consider material risks and opportunities facing companies and industries including Environmental, Social and Governance (ESG) issues. Magellan's team engages with companies on ESG risks and opportunities, with the aim of strengthening its conviction in portfolio risk management and improving investment outcomes.

Magellan became a signatory of the Tobacco Free Pledge in 2018, and in 2022 became signatory to the Net Zero Asset Managers initiative.

As part of assessing ESG risk within its investment portfolios, its investment team identifies risks related to modern slavery within its investment universe.

Stewardship is integral to its investment process, the philosophy and implementation of stewardship activities is outlined in the Magellan's Proxy and Engagement Review that provides details on its engagement and proxy voting activities.

General Details	Exclusions														Inclusions																	UN Goals
Fund Name	Tobacco	Alcohol	Weapons	Fossil fuels	Human rights abuses	Labour rights violations	Environmental damage	Animal testing	Treatment of livestock	Tax avoidance	Gambling	Genetic engineering/GMO	Nuclear power	Adult entertainment	Renewable energy	Climate change solutions	Water management	Circular economy	Sustainable agriculture	Green property	Biodiversity conservation	Healthy rivers & oceans	Reforestation	Gender diversity	Indigenous business	Health & medical products	Social infrastructure	Education	Income & financial inclusion	Sustainable transport	Vocational training	Goal 1: No Poverty	Goal 2: Zero Hunger	Goal 3: Good Health and Well-Being	Goal 4: Quality Education	Goal 5: Gender Equality	Goal 6: Clean Water and Sanitation	Goal 7: Affordable and Clean Energy	Goal 8: Decent Work and Economic Growth	Goal 9: Industry, Innovation and Infrastructure	Goal 10: Reduced Inequalities	Goal 11: Sustainable Cities and Communities	Goal 12: Responsible Consumption and Production	Goal 13: Climate Action	Goal 14: Life Below Water	Goal 15: Life on Land	Goal 16: Peace, Justice and Strong Institutions	Goal 17: Partnerships for the Goals
Magellan Core ESG FundMagellan Core ESG Fund	A-Sort B-Sort	C-Sort B-Sort	A-Sort B-Sort	A-Sort B-Sort	C-Sort B-Sort	C-Sort B-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort B-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort B-Sort	A-Sort	A-Sort	A-Sort	A-Sort	C-Sort	C-Sort	A-Sort	A-Sort	C-Sort	A-Sort	C-Sort	C-Sort	A-Sort	A-Sort	A-Sort	A-Sort	A-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort
Magellan Sustainable FundMagellan Sustainable Fund	A-Sort B-Sort	C-Sort B-Sort	A-Sort B-Sort	A-Sort B-Sort	C-Sort B-Sort	C-Sort B-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort B-Sort	C-Sort C-Sort	C-Sort C-Sort	C-Sort B-Sort	A-Sort	A-Sort	A-Sort	A-Sort	C-Sort	C-Sort	A-Sort	A-Sort	C-Sort	A-Sort	C-Sort	C-Sort	A-Sort	A-Sort	A-Sort	A-Sort	A-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort	C-Sort

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Funds

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:	Open	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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Insights

28 May 2024 TechRights Nexus - The intersection of Digital... Author: Magellan Funds Management

Amy Krizanovic, Head of ESG, spoke on the panel at the Responsible Investment Association Australia conference, discussing the Artificial Intelligence and Human Rights toolkit, an essential resource to navigate this critical intersection.

Full Article

6 May 2024 Social and Regulatory Risks of AI Author: Magellan Funds Management

Artificial intelligence (AI) is no longer an abstract concept; it is quickly evolving as an integrated part of our daily lives. From virtual assistants and transportation to eCommerce and even healthcare, AI is continuing to expand its application. As investors, understanding the risks and opportunities associated with this new technology is vitally important.