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Munro Global Growth Fund Complex ETF (MAET.ASX)

An actively managed, absolute return global equity strategy that provides exposure to some of the most innovative and fastest growing companies in the world today.

Fund Overview

Munro Partners is focused on growth and the identification of sustainable growth trends that are under-appreciated, not well understood and mispriced by the market – and the stocks that are winners and losers as a result. The Fund focuses on the opportunities that arise from these growth trends and structural changes.

As growth investing experts, Munro’s team leverages its global access to identify key Areas of Interest for further investigation. The team has constant interaction with corporate management, independent consultants, industry networks, sell-side research and the private equity community, all which contribute to the identification of new Areas of Interest and new investment opportunities.

Key investment ideas are further screened through a combination of clear and defined quantitative and qualitative tests to build a collection of high conviction, index, region and sector unaware investments. Positions are established in companies that Munro considers to have unrecognised potential.

Premised on a belief that earnings growth drives stock prices, Munro utilises its disciplined investment process to generate a focused investment universe and filters these ideas into a high conviction portfolio of 30-50 investments.

The team aims to ‘smooth’ the investment journey by using capital preservation tools such as increased cash levels, short positions, put options, currency hedging and equity exposure management. Short selling is undertaken as part of the investment strategy to benefit from falling securities prices and is not used as a portfolio hedging tool. Short positions are subject to a more prudent risk-taking approach with smaller position sizing and more frequent profit taking.

The Fund will gain its exposure to international equity markets by investing in the Munro Global Growth Fund and cash.

$6.9399

iNAV* as at 15-01-2025 at 13:37:19

* The iNav price is a continual feed (please refresh your browser to see the latest price).

QUICKLINKS

FUND FACTS

ASX CodeMAET
ARSN630 318 053
Inception date2 November 2020
Fund Size at 31.12.2024$273.58 M

HOW TO INVEST

Investors can buy Units on the AQUA market of the ASX through a stockbroker or trading platform, or through key platforms, including:

BT Panorama
Colonial CFS Edge
Colonial FirstWrap
HUB24
Macquarie Wrap
Mason Stevens
Netwealth

Research opinion

Speak to a GSFM Account Manager

Portfolio Value of $10,000 Invested

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MAET.ASX Performance

As at 31 December 2024	Month %	3 Months %	1 Year %	3 Years % p.a.	5 Years % p.a.	7 Years % p.a.	10 Years % p.a.	Since Inception¹ % p.a.
Fund²	0.39	10.42	37.25	8.59	N/A	N/A	N/A	10.52

MAET.ASX Performance Components

As at 31 December 2024	Month %	3 Months %	1 Year %	3 Years % p.a.	5 Years % p.a.	7 Years % p.a.	10 Years % p.a.	Since Inception¹ % p.a.
Distribution³	0.00	0.00	2.90	0.77	N/A	N/A	N/A	2.98
Growth	0.39	10.42	34.35	7.82	N/A	N/A	N/A	7.54
Total	0.39	10.42	37.25	8.59	N/A	N/A	N/A	10.52

¹2 November 2020
²Fund returns are calculated net of management fees and assuming all distributions are reinvested

Past performance is not a reliable indicator of future performance.

IMPORTANT INFORMATION

This material has been provided for general information purposes only and must not be construed as investment advice. This material has been prepared without taking account of the objectives, financial situation or needs of individuals. Before making an investment decision in relation to a Fund, investors should consider the appropriateness of this information, having regard to their own objectives, financial situation and needs, and read and consider the product disclosure statement (PDS) for the Fund prior to making any investment decision. The PDS is available on this website or by calling 1300 133 451.

Past performance information provided on this website is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance. Investing involves risk including loss of capital invested. None of GSFM Responsible Entity Services Limited, its related bodies or associates nor any other person guarantees the repayment of capital or the performance of the Fund or any particular returns from the Fund.

Investment Team

Nick Griffin

CIO & Co-Founding Partner

Kieran Moore

Portfolio Manager & Partner

Jeremy Gibson

Portfolio Manager & Partner

James Tsinidis

Portfolio Manager & Partner

Qiao Ma

Portfolio Manager & Partner

FUND AT A GLANCE

Active, absolute return global growth equity ETF
Deploys a long/short equity strategy with a long bias
Strong emphasis on risk management and capital preservation
Access to an experienced investment team
Complements cash, bonds and other global equity strategies that primarily focus on value or core investment styles

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Munro Global Growth Fund Complex ETF (MAET.ASX)

An actively managed, absolute return global equity strategy that provides exposure to some of the most innovative and fastest growing companies in the world today.