Munro Concentrated Global Growth Fund

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Munro Concentrated Global Growth Fund

Munro Concentrated Global Growth Fund

Offers investors the opportunity to invest in an actively managed, concentrated portfolio of 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 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 fully invested, concentrated portfolio of investments outside of Australia.

$1.8636

NAV as at 24-04-2024

Entry and exit prices are available here.

QUICKLINKS

FUND FACTS

APIRGSF9808AU
Inception date31 October 2019
DistributionsAnnually
Fund Size at 31.03.2024$104.51 M
Units on issue at 31.03.202463.11 M

HOW TO INVEST

Investment can be made using the Fund’s PDS or through key platforms, including:

AMP MyNorth
AMP North
Asgard
BT Panorama
HUB24
Macquarie Wrap
Mason Stevens
Netwealth
PowerWrap
Praemium

Research opinion

Speak to a GSFM Account Manager

Portfolio Value of $10,000 Invested

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Munro Concentrated Global Growth Fund Performance

As at 31 March 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	2.75	24.80	44.59	14.46	N/A	N/A	N/A	18.16
Benchmark³	2.99	14.02	28.68	14.42	N/A	N/A	N/A	13.49
Over / (Under)	(0.24)	10.78	15.91	0.04	N/A	N/A	N/A	4.67

Munro Concentrated Global Growth Fund Performance Components

As at 31 March 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.
Distribution⁴	0.00	0.00	1.40	3.12	N/A	N/A	N/A	2.20
Growth	2.75	24.80	43.19	11.34	N/A	N/A	N/A	15.96
Total	2.75	24.80	44.59	14.46	N/A	N/A	N/A	18.16

¹31 October 2019
²Fund returns are calculated net of management fees and assuming all distributions are reinvested
³MSCI World (ex Australia) Total Return Net Index in AUD*

Past performance is not a reliable indicator of future performance.

* All data is the property of MSCI. No use or distribution without written consent. Data provided “as is” without any warranties. MSCI assumes no liability for or in connection with the data.

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. Please click on this link to read the disclaimers in full.

Investment Team

Nick Griffin

Founding Partner, Chief Investment Officer, Climate Co-Lead

Qiao Ma

Partner & Portfolio Manager

James Tsinidis

Partner & Portfolio Manager, Climate Co-Lead

Kieran Moore

Partner & Portfolio Manager

Jeremy Gibson

Partner & Portfolio Manager

FUND AT A GLANCE

Active, long only growth-focused global equity strategy
High conviction portfolio of 20-40 companies
Benchmark unaware with respect to sector, region and company
Fully invested in structural growth opportunities outside of Australia
Managed by a high-quality, experienced investment team
Munro’s team invests in the Fund, creating a strong alignment of interests between the firm and its investors

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Munro Concentrated Global Growth Fund

Offers investors the opportunity to invest in an actively managed, concentrated portfolio of some of the most innovative and fastest growing companies in the world today.