On December 27, 2018, Magellan Global Trust (ASX: MGG) has announced that they are going to pay a dividend of AUD 0.030 per share. It will be paid on Thursday, January 15, 2019, with Ex-Date of Wednesday, January 2, 2019, and record date of Thursday, January 3, 2019. It is related to a period of six months.
Magellan Global Trust (ASX: MGG) is a global equity fund that invests in the worldwide stock markets and expects to deliver a cash distribution yield of 4% per annum to their investors. On December 24, 2018, Magellan Asset Management Limited has announced that the NAV per unit of Magellan Global trust was $1.5445 as of December 21, 2018.Â
On another release on ASX, Magellan Financial Group Limited has announced that the group has appointed Dr. Brett Cairns as CEO and Managing Director and Mr. Hamish Douglass has been appointed as a Chairman of the Board, effective from 5 October 2018.
Funds features are:
- That trust is an actively managed global equities fund. The fund has a target of cash distribution yield of 4% per annum paid semi-annually.
- Mr. Hamish Douglass and Mr. Stefan Marcionetti are the portfolio manager of the company.
- Currency exposure is to be managed by Magellan; currently, 38% hedged to AUD.
The fund holds 20% in cash and the top 5 major revenue contributors are: Consumer defensive sector (18%), Information technology (17%), Internet and Commence (13%), Healthcare (9%), Payments (9%).
 The major revenues of the trust come from the US market (47%), emerging markets contribute 13%, Western Europe contributes 11%, and the rest of the world contributes 9%. The fund size of the trust is AUD 1,752.9 Million. The trusts top 10 holdings are Alphabet Inc, Apple Inc, Facebook Inc-A, HCA Healthcare Inc, Kraft Heinz Co, MasterCard Inc, Microsoft Corp, Oracle Corp, Starbucks Corp, Visa Inc.
Since Inception, the fund has given 13.4% return per annum which has provided an excess return of 4.3% as compared to Index return of 9.1%.
FY18 Financial Performances: The company generated total revenues of $195.85 Million in 2018. Net Operating Profit for the year is $176.64 Million. The diluted earnings per share stood at 16.83 cents per unit. As at 30 June 2018, the cash and cash equivalents stood at $382.82 Million.
In the last six months, the share price of the company has shown a negative return of 2.77 percent as on 27 December 2018 and 4.24 percent down over the past one month. Magellan Global Trust shares are trading at $1.630 with a market capitalization of $1.67 Billion as on 28 December 2018 (AEST 2:32 PM).
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