DRAFT
Fund Review
Magellan Global Opportunities Fund Active ETF (ASX:OPPT)
Performance as at May 2026
Magellan Investment Partners is an investment manager with nearly 20 years of experience, focusing on client needs and specialised solutions. Headquartered in Australia, the firm offers solutions through Magellan Global Equities, Magellan Global Listed Infrastructure, Airlie Funds Management, and Vinva Investment Management. Portfolio Managers Alan Pullen, Ben McVicar, and Ofer Karliner oversee investment strategies alongside Deputy Portfolio Manager Ryan Joyce, enhancing the firm's capacity to deliver long-term financial outcomes.
| 1 Year | 3 Years3 | 5 Years3 | 7 Years3 | Inception3,4 | ||
| Total Return | Fund | -4.21% | 10.40% | 5.70% | N/A | 6.46% |
| Peer Group1 | 12.88% | 13.46% | 8.29% | N/A | 10.62% | |
| Index2 | 14.84% | 17.58% | 12.66% | N/A | 12.73% | |
| Volatility | Fund | 8.62% | 12.02% | 14.22% | N/A | 13.57% |
| Peer Group1 | 9.61% | 9.55% | 10.90% | N/A | 11.62% | |
| Index2 | 11.94% | 10.77% | 11.12% | N/A | 11.25% | |
| 1Equity Long - Large Cap - Global, 2All Countries World Index (AUD), 3Annualised, 4Oct 2019 | ||||||
Strategy Description
The Magellan Global Opportunities Fund - Active ETF is an ASX-listed fund investing in 20 to 40 of the world's top global stocks. Its objective is to outperform the MSCI World Net Total Return Index (AUD) over periods of three years or more, after fees. The fund targets companies with sustainable competitive advantages that lead to returns on capital exceeding their cost of capital for extended periods. In September 2025, the Magellan High Conviction Fund transitioned to become the Magellan Global Opportunities Fund Active ETF (ASXOPPT).Cumulative Performance
Core Details |
PG = Peergroup Average | ||
| APIR: | MGE1055AU | Status: | Open |
| Peer Group: | Equity Long - Large Cap - Global | Inception Date: | Oct 2019 |
| Strategy: | Equity Long | Style: | Value |
| Geography: | Global | Domicile: | Australia |
| Investors: | Retail | Distributions: | 6 Monthly |
| Fund Size: | AU$ 369.9m | Manager FUM: | AU$ 40,000m |
| Applications: | Daily, Initial: AU$ 0 | Redemptions: | Daily |
| Management Fee: | 0.75% (PG avg: 0.93%) | Performance Fee: | 0.00% (PG avg: 6.19%) |
| Buy/Sell Spread: | 0.1%/0.1% (PG avg: 0.16%/0.16%) | Hurdle: | N/A |
| Early Redemption Fee | No | High Water Mark: | Yes |
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Magellan Global Opportunities Fund Active ETF (ASX:OPPT)
Performance vs Equity Long - Large Cap - Global and All Countries World Index (AUD)
Since Oct 2019, the Fund has returned 6.46% p.a. vs the Peer Group's return over the same period of 10.62%. Over the past 12 months, the Fund has returned -4.21% vs the Peer Group's 12.88%. For the 3 and 5 year periods, the Fund has returned 10.4% and 5.7% respectively vs the Peer Group's returns of 13.46% and 8.29% respectively. Since Oct 2019, the Fund's returns have been delivered with a volatility of 13.57% p.a. vs the Peer Group's 11.62%.
Only seven years of data shown. Click here to view all data.
| Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -5.34 | -1.81 | -4.25 | 2.19 | 1.43 | NA | NA | NA | NA | NA | NA | NA | -7.76 |
| 2025 | 4.17 | -3.52 | -7.26 | -1.30 | 6.98 | 3.69 | 0.34 | -1.89 | 0.33 | 1.17 | 0.33 | -0.11 | 2.21 |
| 2024 | 5.66 | 6.48 | 1.81 | -3.51 | 0.69 | 1.92 | 2.12 | -2.22 | 0.36 | 3.99 | 5.85 | 2.56 | 28.31 |
| 2023 | 4.63 | -0.36 | 7.96 | 5.77 | 1.67 | 2.39 | 1.32 | 3.54 | -5.62 | 0.89 | 5.71 | 2.87 | 34.61 |
| 2022 | -5.59 | -7.99 | -2.46 | -9.30 | -2.24 | -3.25 | 6.69 | -3.84 | -3.29 | 5.56 | 2.40 | -7.26 | -27.69 |
| 2021 | 1.73 | 0.78 | 1.86 | 4.89 | -1.28 | 6.23 | 2.49 | 2.93 | -4.02 | 3.70 | 0.50 | -0.05 | 21.18 |
| 2020 | 3.10 | -3.73 | -9.18 | 3.26 | 2.25 | 0.55 | 2.05 | 4.54 | -0.81 | 1.45 | -1.09 | -3.19 | -1.62 |
| 2019 | NA | NA | NA | NA | NA | NA | NA | NA | NA | 1.94 | 5.31 | 0.75 | 8.16 |
| 1 Year | 3 Years | 5 Years | 7 Years | Inception | ||
| Total Return | Fund | -4.21% | 10.40% | 5.70% | N/A | 6.46% |
| Peer Group | 12.88% | 13.46% | 8.29% | N/A | 10.62% | |
| Index2 | 14.84% | 17.58% | 12.66% | N/A | 12.73% | |
| Volatility | Fund | 8.62% | 12.02% | 14.22% | N/A | 13.57% |
| Peer Group | 9.61% | 9.55% | 10.90% | N/A | 11.62% | |
| Index | 11.94% | 10.77% | 11.12% | N/A | 11.25% | |
| Sharpe | Fund | -0.89 | 0.55 | 0.26 | N/A | 0.36 |
| Peer Group | 0.93 | 0.96 | 0.53 | N/A | 0.74 | |
| Index | 0.91 | 1.19 | 0.87 | N/A | 0.93 | |
| Sortino | Fund | -1.02 | 0.73 | 0.26 | N/A | 0.41 |
| Peer Group | 1.48 | 1.50 | 0.71 | N/A | 1.02 | |
| Index | 1.30 | 1.93 | 1.32 | N/A | 1.38 | |
| Largest Drawdown | Fund | -11.16% | -12.68% | -27.90% | N/A | -27.90% |
| Peer Group | -7.99% | -7.99% | -20.53% | N/A | -20.53% | |
| Index | -9.70% | -9.70% | -16.02% | N/A | -16.02% |
Return in Index's 10 Best & 10 Worst Months %
Return in Index's 10 Best & 10 Worst Months %
Annualised Return vs Standard Deviation
Magellan Global Opportunities Fund Active ETF (ASX:OPPT) - Annualised Return vs. Standard Deviation
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Magellan Global Opportunities Fund Active ETF (ASX:OPPT)
Annual Returns
Annual Returns %
Drawdown
Drawdown%
Service Providers
| Trustee/RE: | Magellan Asset Management |
| Custodian: | N/A |
| Administrator: | Apex Fund Services |
| Auditor: | N/A |
| Legal: | N/A |
| Prime Broker: | N/A |
Available on Investment Platforms
No Data.
Key Staff
Alan Pullen
Portfolio Manager
Ryan Joyce
Deputy Portfolio Manager
Years in industry: 15, Years at Firm: 15
About AFM's Fund Reviews and Star Ratings
AFM's proprietary Star Rating system provides a quantitative ranking of performance and risk of funds in its peer group relative to similar funds. Funds must have a minimum 1 year track record.
Star Ratings for Performance reflects annualised return. Risk is a combination of downside deviation, maximum drawdown and longest drawdown, which are allocated in reverse.
| AFM Star Rating | Relative performance band compared to funds in the same Peer Group |
|---|---|
| ★ ★ ★ ★ ★ | Premium: The fund is in the top 10% of all funds in its peer group. |
| ★ ★ ★ ★ ☆ | Top Quartile: The fund ranges between 75 and 90% of all funds in its peer group. |
| ★ ★ ★ ☆ ☆ | Second Quartile: The fund ranges between 50 and 75% of all funds in its peer group. |
| ★ ★ ☆ ☆ ☆ | Third Quartile: The fund ranges between 25 and 50% of all funds in its peer group. |
| ★ ☆ ☆ ☆ ☆ | Fourth Quartile: The fund is in the lowest 25% of all funds in its peer group. |
All performances, rankings and Star Ratings are updated monthly. Past performance does not guarantee future performance.
Copyright
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Disclaimer
The information in this report, including financial returns, strategies, and other content (collectively referred to as "Content") has been prepared and issued by Australian Fund Monitors Pty Limited (A.C.N. 122 226 724, AFSL 324476) otherwise referred to as AFM. The information and content herein is designed for holders of an Australian Financial Services Licence or for Wholesale or Sophisticated investors, and does not constitute personal financial advice, and is for general information purposes only. Users of this report or any Content of AFM's websites (the "Websites") should not act or make any financial decision without first seeking professional advice. Whilst the Content has been prepared with all reasonable care from sources which we believe are reliable, no responsibility or liability is accepted by AFM for any errors or omissions or misstatements contained herein.