mFund Settlement Service

A new way to invest in managed funds

Australian Ethical Investment Limited (the mFund Issuer) offers investors the chance to invest in most of our managed funds via the ASX mFund Settlement Service. The funds available through mFund are:

Fund Name ASX Code ARSN
Australian Ethical Emerging Companies Fund (Wholesale) AET07 606 254 157
Australian Ethical International Shares Fund (Wholesale) AET03 124 861 338
Australian Ethical Australian Shares Fund (Wholesale) AET04 089 919 175
Australian Ethical Diversified Shares Fund (Wholesale) AET05 089 919 166
Australian Ethical Advocacy Fund (Wholesale) AET01 140 444 211
Australian Ethical Fixed Interest Fund (Wholesale) AET02 166 048 184
Australian Ethical Cash Fund (Wholesale) AET06 089 919 120

You should refer to the Product Disclosure Statement (PDS) for each of the Funds before making a decision to invest.

What is the mFund Settlement Service?

The mFund Settlement Service is an electronic settlement system that allows you to buy and sell units in selected unlisted managed funds via the same stockbroking and advisory services you use to transact shares and other ASX products. The service uses CHESS, the ASX’s electronic settlement system, to automate and track the process of purchasing and redeeming units in mFund products. At settlement, unit balances are recorded on your Holder Identification Number (HIN) alongside other investments.

What is an mFund product?

An mFund product is an unlisted managed fund that has been admitted for settlement under the ASX Operating Rules and is made available to investors via the mFund Settlement Service.   An unlisted managed fund is not directly traded on the ASX, meaning that investors don’t trade units with other investors. Instead an application for purchase of (buy) or redemption of (sell) units in the unlisted managed fund are made between the investor and the mFund Issuer’s unit registry. The price of the unit is set by the mFund Issuer and not on a traded market.

Who can use the mFund Settlement Service?

The mFund Settlement Service can be used by investors who invest in managed funds and want the benefit of electronic settlement and consolidated reporting through CHESS.

How can you buy units in an mFund?

The minimum investment for an Australian Ethical managed fund purchased through the mFund Settlement Service is $25,000. Additional investments to a managed fund can be made for a minimum of $1,000. To invest in an mFund product, you must place a ‘buy’ order for units in that fund through your accredited stockbroker or through a financial adviser who uses a stockbroking service on your behalf. The transaction is then managed between the broker and the mFund Issuer’s registrar via ASX’s CHESS settlement system. Detailed steps are outlined at www.mfund.com.au. If you consult a financial adviser or mFund broker, additional fees may be payable to the adviser or mFund broker. You should refer to the adviser’s Statement of Advice for details.

What are the benefits for investors?

What are the benefits for ASX brokers or advisers?

To invest in an Australian Ethical managed fund through the mFund Settlement Service, contact your adviser or an mFund broker today.

Other important information

This information is general information only and does not take account of your individual investment objectives, financial situation or needs.  Before acting on it, consider its appropriateness to your circumstances. Our financial services guide (FSG) and managed funds product disclosure statements (PDS) should be considered before making an investment decision.

You should consider seeking independent advice from an accredited financial adviser before deciding whether to acquire, or continue to hold, units in a managed fund.


Related links: