A NEW WAY TO INVEST
Legg Mason mFunds
Legg Mason offers seven funds via the mFund settlement service across a range of Australian
equity, multi-sector and income asset classes. The most distinctive feature of Legg Mason is its
specialised approach to managing money. It houses a selection of prestigious fund managers,
each focusing on its own area of expertise. Learn more about Legg Mason mFunds here.
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What is an mFund product?
Legg Mason mFunds
An unlisted managed fund admitted for settlement under the ASX Operating
Rules and available to investors via the mFund Settlement Service.
Australian Equity Income
LMA01
What is the mFund Settlement Service?
Australian Real Income
LMA02
Australian Small Companies
LMA03
Australian Bonds
LMA04
Diversified Income
LMA05
Diversified Growth
LMA06
Global Opportunistic Fixed Income
LMA07
The mFund Settlement Service is a leading innovation from ASX that allows
an investor to buy and sell units in selected unlisted managed funds (‘mFund
products’). The service negates the need for a long paper based application form,
enabling investors to finalise an electronic transaction, similar to the way they
would when buying and selling shares.
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Who will use the mFund Settlement Service?
The mFund Settlement Service is designed for retail investors who invest in
managed investment schemes and want the benefit of electronic settlement and
consolidated reporting.
ASX CODE
Legg Mason mFunds Brochure
How can you buy units in an mFund?
The minimum investment for Legg Mason mFunds is $30,000. To invest in an mFund product, investors must place a ‘buy order’
for units in that fund. This simply involves the investor lodging an order for units with their accredited stockbroker or a financial
adviser who uses a stockbroking service on the investor’s behalf. This transaction is then managed between the broker and
the mFund issuer’s registrar via ASX’s CHESS settlement system. Detailed steps are outlined at mfund.com.au. All mFund
products are unlisted managed funds. Being ‘unlisted’ means that they are not directly traded on ASX. Instead, purchases and
sales of units in the fund are made between the investor and the managed fund Issuer’s unit registry. Investors do not trade
units with other investors; rather, the process is facilitated by a settlement system (CHESS ) owned by ASX. The price of units is
set by the fund manager and not on a traded market, as is the case in share transactions.
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Benefits for investors
• Access to a broad range of unlisted managed funds through a central hub and
through their existing stockbroker, adviser or accountant relationship.
• Potential to enhance returns through exposure to a wider range of asset
classes and by accessing the services of professional fund managers.
• Easier transaction and administration of managed fund investments, including
the ability to use their existing stockbroking account to access managed funds.
• More-timely access to a wider range of information about unlisted managed
funds, including unit prices and related announcements.
• Same high level of settlement certainty investors enjoy with shares.
• A holistic view of investments held through ASX under a single CHESS HIN.
• Easier to change between unlisted managed fund investments.
• Easier to see the value of an entire portfolio using investment administration
software tools.
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Benefits for ASX brokers and advisers?
• Cost-effective way to broaden relationships with clients into unlisted
managed funds.
• Ability to group clients’ share, managed fund and other investments under
common HINs.
• Simple, all-electronic application and sales processes.
To invest in a Legg Mason
mFund, contact your adviser or
an mFund broker today at:
asx.com.au/mfund/brokers.htm
• An easier way for clients to move between funds.
Legg Mason is proud be a foundation member of the mFund Settlement Service
About Legg Mason
Legg Mason is one of the world’s largest asset managers, with a history that dates back to 1899. The firm is listed on the New York Stock
Exchange and employs approximately 3,400 employees in 40 offices worldwide. Legg Mason offers a large number of investment solutions
covering a range asset classes including Australian equities, global equities, emerging markets, fixed income, real assets, income, alternatives
and multi-asset products. One of Legg Mason’s most distinguishing characteristics is its multi-affiliate model. Legg Mason provides a global
platform and centralised business and distribution support for its nine affiliated fund managers that include: Brandywine, Clarion Partners,
Clearbridge, EntrustPermal, Martin Currie, RARE (in addition to its own domestic distribution), Royce & Associates, QS Investors and Western
Asset. Each affiliate operates independently under its own brand and investment process, and is considered an industry expert in its asset class.
leggmason.com.au
1800 679 541
Any reference to “Legg Mason Australia” is a reference to Legg Mason Asset Management Australia Limited ABN 76 004 835 849 AFSL 240827. Information on this page does not constitute investment advice, and has not been prepared to take into account the
investment or financial objectives or individual needs of any particular person. A Product Disclosure Statement is available for each Trust and can be obtained by contacting us. Investors should obtain professional advice and read the Product Disclosure Statements
before making any investment decision. This material is issued by Legg Mason Asset Management Australia Limited (ABN 76 004 835 839, AFSL 204827) (“Legg Mason”). The contents are proprietary and confidential and intended solely for the use of Legg Mason
and the clients or prospective clients to whom it has been delivered. It is not to be reproduced or distributed to any other person except to the client’s professional advisers.