mFunds
Notice of wind down and closure of the ASX Managed Fund Settlement Service (mFund)
Following the announcement by the ASX in November 2023 to wind down and close the ASX Managed Fund Settlement Service (mFund), GSFM Responsible Entity Services Limited (ABN 48 129 256 104, AFSL 321517), as responsible entity of the funds listed in the table below (Funds), has been granted approval by the ASX for the removal of the Funds from mFund. The Funds will be removed from mFund on Monday 1 September 2025.
| Fund Name | ARSN | APIR Code | mFund code |
| Epoch Global Equity Shareholder Yield (Hedged) Fund | 130 358 440 | GSF0001AU | GSF01 |
| Epoch Global Equity Shareholder Yield (Unhedged) Fund | 130 358 691 | GSF0002AU | GSF02 |
| Payden Global Income Opportunities Fund | 130 353 310 | GSF0008AU | GSF08 |
| Munro Global Growth Fund | 612 854 547 | MUA0002AU | MUN01 |
Consequence of removal from the mFund Settlement Service
For new mFund investors – The Funds will be closed to all applications made via mFund effective Friday 30 May 2025.
For existing mFund investors – You can continue to make application or redemption requests for settlement via the mFund Settlement Service in accordance with the relevant processes and timeframes up until the close of business on Friday 22 August 2025. Following this date there will be a blackout period from Monday 25 August to Friday 29 August 2025 whereby access to mFunds to apply for or redeem units will be halted.
At the end of the blackout period, existing investors’ units will be transferred from their HIN holding in mFund to be held directly with the Fund on the issuer sponsored sub-register (SRN). Investor statements with new SRN details will be provided to investors during the week beginning Monday 1 September 2025.
Action required from investors
In order for existing investors to transact following the transfer of units to their new issuer sponsored SRN, including redeeming your investment, we require you to complete the required AML/KYC forms and provide the necessary identification documents which will be sent to you in the coming weeks. This is to ensure we comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and related rules.
Indicative timetable for removal from mFund
| Action | Indicative Date | |
| 1. | Last date for applications and redemptions through the mFund settlement service | Friday 22 August 2025 |
| 2. | Blackout period | Monday 25 August – Friday 29 August 2025 |
| 3. | mFund removal date | Monday 1 September 2025 |
| 4. | Investor statements with new SRN details issued | Week beginning Monday 1 September 2025 |
Should you have any queries regarding the conversion process, or your investment, please contact Apex Group – registry@apexgroup.com or on 1300 133 451.
30 May 2025