mFund

What is an mFund?

An mFund product (mFund) is an unlisted managed fund admitted for settlement under the Australian Securities Exchange (ASX) Operating Rules. It is available to investors through the mFund Settlement Service.

The ASX rule framework supports the mFund Settlement Service by ensuring all parties, including stockbrokers, product issuers, and unit registrars, are accountable for their roles and responsibilities.

What is the mFund Settlement Service?

The mFund Settlement Service enables you to buy and sell units in the Fairlight Global Small and Mid Cap Fund.

You can easily ‘buy’ (apply for) and ‘sell’ (redeem) units in the unlisted managed fund via a participating broker. Transactions are settled using CHESS, ASX’s world-class electronic settlement system.

Your holdings in the fund are held electronically and can be linked to the same Holder Identification Number (HIN) used to hold other investments transacted through ASX.

This means you can track your investments in the fund using the same systems you use for shares and other securities.

Benefits of investing through the mFund Settlement Service

Key benefits include:

  1. Access to a broad range of unlisted managed funds through a central hub and a participating stockbroker or adviser relationship
  2. Easier transaction and administration of unlisted managed fund investments. This includes the ability to use an existing stockbroking account to access unlisted managed funds.
  3. More-timely access to a wider range of information about unlisted managed funds, including unit prices and related announcements.
  4. The same high level of settlement certainty that investors enjoy with shares.
  5. It is easy to change between unlisted managed fund investments.

How to invest in the mFund Settlement Service

Follow these five steps:

  1. Research the mFund Settlement Service and the unlisted managed funds available through this service.
  2. Contact a participating broker. They can either be a full service or online broker. See the list of available brokers on the mFund website here.
  3. Read the Product Disclosure Statement (PDS) for the Fairlight Global Small and Mid Cap Unlisted Managed Fund.
  4. Instruct your broker with a ‘buy’ (apply for) or ‘sell’ (redeem) order. Then pay for the new units in the Fairlight Global Small and Mid Cap Unlisted Managed Fund.
  5. Once your transaction is complete, an mFund confirmation and CHESS statement will be sent to you.

By using CHESS, the ASX’s electronic settlement system, orders for units are sent electronically. This enables the progress of orders to be monitored.

At settlement, your unit balances will be recorded on your HIN alongside your other investments. Thereby, providing greater transparency over your holdings.

Read our
    Investor Handbook.

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