Maple-Brown Abbott Pooled Superannuation Trust
The Fund is an actively managed tax paid fund that invests in a diversified portfolio of growth and defensive assets. The Fund is only open to Australian regulated superannuation funds, approved deposit funds, pooled superannuation trusts and other entities permitted by the Superannuation Industry (Supervision) Act 1993 such as SMSF’s. The Fund offers investors diversification across a range of asset classes with the potential to provide long-term capital growth and income. The Fund invests in growth assets including Australian equities, International equities and REITs. Defensive assets compromise Australian fixed interest, alternative assets and cash. The strategic asset allocation and ongoing tactical asset allocation is reviewed and monitored by the Asset Allocation Committee. The Asset Allocation Committee is made up of senior investment team members with input from external macro-economic specialists. The Fund draws on the expertise of our investment team in asset classes in which we have a long track record.
To achieve a return of CPI +3% per annum (after fees and taxes) measured over a 5 year period.
|Inception date31/12/1986||Distribution frequencyn/a|
|BenchmarkCPI +3% p.a.||Minimum initial application$ 500,000|
|APIR codeMPL0801AU||Management costs %0.73|
|Pricing frequency & cut-offDaily / 2pm Sydney time on a Business Day||Buy/Sell spread %0.15 / 0.15|
A team of experienced and dedicated investment professionals.
Chief Investment Officer
Head of Australian Equities
as at 31/12/2020
|1 mth %||3 mths %||1 yr % p.a.||3 yrs % p.a.||4 yrs % p.a.||5 yrs % p.a.||Since inception % p.a.*|
^Past performance is not a reliable indicator of future performance. No warranty can be given for future performance. Returns are volatile and may fluctuate quickly and significantly. 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. The benchmark is CPI +3% per annum. Its start date is 1 July 2020 in line with the new investment objective.
Source: Maple-Brown Abbott
* Inception date is 31 December 1986.
as at 21/01/2021
|Redemption price||Net asset value||Application price|
|$ 20.5084||$ 20.5392||$ 20.5700|
Forms & fund information
Proxy voting outcomes
The table below shows how we have exercised our vote for shares held in the Maple-Brown Abbott Pooled Superannuation Trust for FY2020. In accordance with our proxy voting policy we voted on all resolutions put to us for the year in question.
|Meetings||Resolutions||Voted For||Voted Against||Abstained|
The data above has been adjusted for shareholder sponsored resolutions. Of the 13 "against" votes, 69% related to remuneration, 8% related to the election of a Director and 23% related to other governance.
Fees & costs
|Total investment fee % p.a.||Administration fee % p.a.||Net transactional and operational costs % p.a*||Buy/Sell spread %|
|0.73||0.02||0.06||0.15 / 0.15|
* 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. The audit fee and APRA levy may vary from year to year.
** Net transactional and operational costs vary year to year and represent the estimated costs from the trust’s investing activities. These are reflected in the unit price an impact the performance of the trust. 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). These costs are net of the buy-sell spread recovery which is the amount charged to investors for applications and withdrawals. The transactional and operational costs are generally calculated each year 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, however the transactional and operational costs will also be recalculated when there is a significant change in net transactional and operational costs.
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