Montaka Global Fund - Active ETF (ASX:MOGL) has released its investment update for 30 October 2026, disclosing a fund size of A$137 million, a NAV unit price of A$4.1289, and a portfolio of 21 positions with top 10 holdings representing 69.1% of net asset value.

Key Points

  • Fund NAV unit price was A$4.1289 as at 30 October 2026, with fund size of A$137 million
  • Microsoft was the largest holding at 12.8% of NAV, followed by Amazon at 11.0% and Meta at 8.2%
  • The fund recorded a one-month total return of -1.6% against a benchmark return of -1.9% for the same period
  • Cash weighting stood at 1.8% of NAV, with portfolio turnover of 49.1% and A$ currency exposure of 3.0%
  • Financial and Data Platforms was the largest key theme at 22% of NAV, followed by Cloud Computing at 16%

Total Return Performance as at 30 October 2026

According to the filing, the fund returned -1.6% over one month versus a benchmark return of -1.9%. Over three months, the fund returned 1.4% compared with the benchmark at 0.4%. The six-month return was 8.6% against a benchmark of 7.2%. Over one year, the fund returned -11.1% compared with the benchmark at 4.3%. The three-year annualised return was 14.2% against the benchmark's 18.1%. The five-year annualised return was 4.9% versus 12.0% for the benchmark, and the seven-year annualised return was 7.0% compared with 13.1%. Since inception on 20 December 2017, the fund has returned 7.5% per annum against the benchmark's 12.8% per annum.

Top 10 Holdings and Portfolio Composition

The filing disclosed that the top 10 holdings collectively represented 69.1% of NAV. Microsoft was the largest position at 12.8%, followed by Amazon at 11.0% and Meta at 8.2%. KKR held a 6.5% weighting, Mastercard 6.1%, and Visa 5.8%. BAE Systems represented 5.6%, S&P Global 5.0%, Uber 4.1%, and Tencent 4.0%. The total number of positions in the portfolio was 21. The fund's key themes, as internally defined, included Financial and Data Platforms at 22%, Cloud Computing at 16%, Discovery Engines at 13%, Physical Marketplaces at 11%, and Enterprise Software at 11%.

Fund Facts and Fee Structure

The filing stated the fund is managed by Portfolio Manager Andrew Macken under the Montaka Global Investments strategy. The fund's benchmark is the MSCI World Net Total Return Index in Australian Dollars, and it targets outperformance over a rolling five-year period, net of fees. The management fee is 1.32% per annum, and a performance fee of 15.38% applies. The buy/sell spread is 0.25% on each side. The fund targets distributions of 4.5% per annum, paid semi-annually as at 30 June and 31 December each year. Units can be bought or sold on the ASX or applied for and redeemed directly with the fund.