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Walter Scott scours global markets to find what they believe are the world’s best companies, capable of generating sustained wealth over the long term. As fundamental, bottom-up stock pickers, Walter Scott focuses on companies they believe are profitable, have a sound ability to generate cash, and have both strong balance sheets and robust governance structures. The investment team travels extensively to meet directly with company management, to form a first-hand view of a company’s potential for long-term success. Walter Scott’s thorough research program and team-based approach ensure that only their best stock ideas make their way into the portfolio.
The iNAV or ‘indicative net asset value’ provides an estimate of the NAV unit price of the Fund throughout the ASX trading day. The calculation of the iNAV may involve the use of proxies where live prices are not available. The price at which units trade on the ASX may not reflect either the NAV per unit or the iNAV because prices on the ASX are determined by market forces. No assurance can be given that the iNAV will be published continuously or will be up-to-date or accurate.
For more information on how the iNAV is calculated, please refer to our ETF Frequently Asked Questions page.
| Fund facts | |
| Investment objective | The Fund aims to achieve a long-term total return (before fees and expenses) that exceeds the MSCI World ex Australia Index, in $A unhedged with net dividends reinvested (Benchmark) |
| Benchmark | MSCI World ex Australia Index, in $A unhedged with net dividends reinvested |
| Inception date (Unquoted Class) | 18 March 2005 |
| Active ETF – Date quoted on the ASX | 22 November 2023 |
| Total fund size (Unquoted Class and Active ETF) |
A$4,841.3m (current as at 5 April 2024) |
| Management fee | 1.28% pa of the net asset value of the Fund |
| Distribution frequency | Generally annually |
| Distribution reinvestment plan (DRP) | Yes |
| Issuer | Macquarie Investment Management Australia Limited |
| Registry | Apex Fund Services Pty Ltd |
| ASX Ticker | MQWS |
| APIR code | MAQ2252AU |
| Market Makers | J.P. Morgan and Nine Mile |
| Macquarie Professional Series | The Macquarie Walter Scott Global Equity Active ETF (Managed Fund) is proudly brought to you by Macquarie Professional Series. Learn more. |
Read the Product Disclosure Statement for more details on fees and expenses that may be charged.
To view the performance of the Walter Scott Global Equity Fund, please click here.
Past performance is not a reliable indicator of future performance. Total returns are calculated based on changes in net asset values and assumes the reinvestment of distributions. The tables above show the performance of both the unquoted class (Walter Scott Global Equity Fund) and quoted class (Macquarie Walter Scott Global Equity Active ETF (Managed Fund)) of the Fund. The performance of the quoted class of units in the Fund may differ from the performance of the unquoted class due to factors such as differences in the timing of issue of units issued on reinvestment of distributions. Investors in the quoted class of units should use the past performance of the unquoted class prior to the inception date of the quoted class for illustrative purposes only and, from the inception date of the quoted class, should refer to the quoted class performance.
The performance information shown above may differ to the information in the performance report due to rounding.
* Inception date for the Fund is 18 March 2005. Inception date for the quoted class of units in the Fund (Macquarie Walter Scott Global Equity Active ETF (Managed Fund)) is 8 November 2023.
** Total net returns are quoted after the deduction of all fees and expenses. Due to individual investor circumstances, your net returns may differ from the net returns quoted above.
*** The Benchmark is the MSCI World ex Australia Index, in $A unhedged with net dividends reinvested.
The above table shows the NAV unit price for the Macquarie Walter Scott Global Equity Active ETF (Managed Fund). It is provided for informational purposes only. Investors, other than Authorised Participants, can only buy and sell units in the Macquarie Walter Scott Global Equity Active ETF (Managed Fund) on the ASX. The trading price of units in the Macquarie Walter Scott Global Equity Active ETF (Managed Fund) on the ASX on a day may vary from the NAV unit price on that same day due to factors that do not affect the NAV unit price such as investor demand and the bid/ask spreads applied by Authorised Participants. Typically, the price at which Authorised Participants will be willing to buy units from investors on a day will be less than the NAV unit price on that same day and the price at which Authorised Participants are willing to sell units to investors on a day will be higher than the NAV unit price on that same day.
The NAV unit prices listed above are cum prices calculated as at the specified valuation date. Cum price means that income, realised capital gains and any returns of capital (which form part of the distribution) are included in the unit price. While all due care has been taken in the calculation of the unit prices, such information may be updated where necessary.
| Date | Document | Type |
|---|---|---|
| 05 April 2024 | Monthly Redemptions and Units on Issue | |
| 12 March 2024 | Half Year Accounts | |
| 06 March 2024 | Monthly Redemptions and Units on Issue | |
| 06 February 2024 | Monthly Redemptions and Units on Issue | |
| 08 January 2024 | Monthly Redemptions and Units on Issue | |
| 07 December 2023 | Monthly Redemptions and Units on Issue | |
| 22 November 2023 | ASX Notice of Admission to Trading Status | |
| 22 November 2023 | Macquarie Walter Scott Global Equity Active ETF (Managed Fund) - Target Market Determination | |
| 22 November 2023 |
Macquarie Walter Scott Global Equity Active ETF (Managed Fund) - Product Disclosure Statement |
All investments carry risk. Different investments carry different levels of risk, depending on the investment strategy and the underlying investments. Generally, the higher the potential return of an investment, the greater the risk (including the potential for loss and unit price variability over the short term). The risks of investing in this Fund include:
Investment risk: The Fund has exposure to share markets. The risk of an investment in the Fund is higher than an investment in a typical bank account or fixed income investment. Amounts distributed to unitholders may fluctuate, as may the Fund’s unit price, by material amounts over short periods.
Market risk: The investments that the Fund has exposure to are likely to have a broad correlation with share markets in general. Share markets can be volatile and have the potential to fall by large amounts over short periods of time. Poor performance or losses in domestic and/or global share markets are likely to negatively impact the overall performance of the Fund.
International and emerging market risk: The Fund has exposure to a range of international economies, including emerging economies. Global and country specific macroeconomic factors may impact the investments that the Fund has exposure to. Governments may intervene in markets, industries, and companies; may alter tax and legal regimes; and may act to prevent or limit the repatriation of foreign capital. Emerging markets may experience lower liquidity (including as a result of securities or bond markets being closed for extended periods), potential for political unrest leading to recession or war, greater potential for sanctions to be imposed on the country or its citizens, companies or institutions, increased likelihood of sovereign intervention (including default and currency intervention), currency volatility, and increased legal risk.
More information on the risks of investing in the Fund is contained in the Product Disclosure Statement, which should be considered before deciding to invest in the Fund.
Macquarie Asset Management
Client Service
mam.clientservice@macquarie.com
PO Box R1723
Royal Exchange,
NSW 1225, Australia
Free call (AU): 1800 814 523
International: +61 2 8245 4900
Monday – Friday 8:30am to 5:30pm (Sydney time)
Update your contact details, distribution election, banking information, TFN/ABN and FATCA/CRS information by completing our Change of Details form and FATCA/CRS self-certification form or appoint authorised signatories to your account by completing our Appointment of Authorised Signatories form, which are all found here.
Learn more about investing in active ETFs and explore useful resources.
The iNAV or ‘indicative net asset value’ is an intraday indicative estimate of the NAV unit price which is published throughout the ASX trading day. Macquarie Investment Management Australia Limited ABN 55 092 552 611 AFSL 238321 (“Macquarie”) has engaged an independent pricing agent to calculate an indicative NAV unit price during the ASX trading day. The iNAV will be updated for price movements of the Fund’s investments through live trading prices, and, if applicable, foreign exchange movements. If there is no live trading price for certain securities during the ASX trading day, the iNAV may be updated for equivalent securities or movements in after-market trading or foreign exchange movements. As a result, the iNAV may not reflect the actual value of the assets of the Fund.
No assurance can be given that the iNAV will be published continuously or that it will be up-to-date or accurate. The iNAV should not be relied upon to determine the price at which the units may trade on the ASX at any point in time. The price at which units trade on the ASX may not reflect either the NAV per unit or the iNAV as the market price of the units in the Fund is a function of supply and demand amongst investors on the ASX and the prices that the Fund’s market makers or other authorised participants are willing to quote for those units. To the extent permitted by law, neither Macquarie nor its appointed agent shall be liable to any person who suffers any loss resulting from their reliance on the iNAV.
The Fund is not sponsored, endorsed, sold or marketed by ICE Data Indices, LLC, its affiliates (“ICE Data”) or their respective Third Party Suppliers.
ICE DATA OR ITS THIRD PARTY SUPPLIERS MAKE NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE iNAV, FUND OR ANY FUND DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, DIRECT, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
Important information: Macquarie Walter Scott Global Equity Active ETF (Managed Fund), Walter Scott Global Equity Fund, Walter Scott Global Equity Fund (Hedged) and Walter Scott Global Equity No. 1 Fund are designed for investors who are seeking capital growth, are intending to use the Fund as a satellite within a portfolio, have a medium to long-term investment timeframe, have a high or very high risk/return profile and require the ability to have daily access to capital. Please review the Target Market Determination for the relevant Fund available at macquarieim.com/TMD and consider if the Fund may be suitable for you.
The Macquarie Walter Scott Global Equity Active ETF (Managed Fund) is a separate class of units in the Walter Scott Global Equity Fund (ARSN 112 828 136). A separate class of units is not a separate managed investment scheme.
