Montaka Global Extension Fund – Complex ETF (ASX:MKAX), managed by responsible entity Perpetual Trust Services Limited, has released its monthly prime brokerage disclosure as at 31 October 2026, revealing total exposure to prime brokers of 49.2% of net asset value (NAV).

Key Points

  • Total exposure to prime brokers stood at 49.2% of NAV as at 31 October 2026
  • Rehypothecated assets accounted for 41.9% of NAV, with net uninvested cash at 7.3%
  • Collateral breakdown by country: USA 31.3%, United Kingdom 5.4%, Hong Kong 5.2%
  • Marked-to-market OTC exposure and swap costs were both zero
  • Value of assets held by the Fund, excluding collateral obtained under the Prime Broker Agreement, was 58.1% of NAV

Prime Broker Exposure Breakdown as at 31 October 2026

According to the filing, the Fund's aggregate exposure to its prime broker comprised net uninvested cash of 7.3% of NAV, marked-to-market OTC exposure of 0.0%, and rehypothecated assets of 41.9%, bringing total prime broker exposure to 49.2% of NAV. The maximum percentage of OTC derivative exposure relative to NAV was disclosed as 0%. Swap costs for the period were reported as $0. The value of assets held by the Fund, excluding collateral obtained under the Prime Broker Agreement, was 58.1% of NAV.

Collateral Composition by Country, Sector and Currency

The filing disclosed that total collateral of 41.9% of NAV consisted entirely of equities. By country, USA represented 31.3%, the United Kingdom 5.4%, and Hong Kong 5.2%. By sector, the collateral was allocated across Communication Services at 16.3%, Financials at 16.2%, Industrials at 5.4%, and Consumer Discretionary at 4.0%. Currency exposure within the collateral comprised USD at 31.3%, GBP at 5.4%, and HKD at 5.2% of NAV.

Collateral Credit Rating Composition

The filing provided a breakdown of collateral by credit rating as a percentage of NAV. AA-rated collateral accounted for 11.1%, A+ for 8.5%, A for 7.1%, A- for 5.4%, and BB for 4.0%. Collateral categorised as Not Applicable represented 5.8% of NAV. The combined total across all credit rating categories was 41.9% of NAV, consistent with the total collateral figure disclosed elsewhere in the filing. The disclosure was made in accordance with ASX requirements by Perpetual Trust Services Limited as responsible entity for the Fund.