asset_category:
peer_benchmark:
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manager_contact_details: Array
ticker: MHH
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structure: Listed Investment Company
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fund_features:
Magellan High Conviction Trust (MHH) is a list investment trust incorporated in Australia. The Fund aims to to achieve attractive risk-adjusted returns over the medium to long-term. The company will invest in companies that have relatively high price-to-earnings and price-to-book multiples, provided that their businesses are outstanding and their shares are trading at an appropriate discount to their assessed intrinsic value. Equities that appear undervalued on the basis of a low price-to-earnings or price-to-book multiples will often prove to be poor investments if the underlying business is fundamentally weak and exhibits poor returns on capital.
- The Fund will typically comprise 8 to 12 investments, weighted towards Magellan’s highest conviction ideas.
- Magellan focuses on risk-adjusted returns, rather than benchmark-relative returns. As a result, the Magellan High Conviction Trust investment process is designed to generate an unconstrained, highly-concentrated portfolio of high-quality companies.