efficiency, convenience, speed

more about mFunds

What is an mFund product?

mFunds are unlisted managed funds admitted through the ASX Operating Rules that you can invest in through the mFund Settlement Service.

more about mFunds
What is an mFund product?

What's the mFund Settlement Service?

The mFund Settlement Service enables you to buy and sell units in selected unlisted managed funds via the same stockbroking and advisory services you use to transact shares or other ASX products, utilising CHESS.

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A new way to access unlisted managed funds

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How does the service work?

Find out more about how to buy or sell an mFund

What else do I need to know?

Diversification

Potential wealth generation

Cost-effective investment

Access to a range of assets

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Underperformance

Asset class risks

Specialised funds

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Adviser

A person or authorised representative of an organisation licensed by ASIC to provide advice on some or all of these areas: investing, superannuation, retirement planning, estate planning, risk management, insurance and taxation.

Buy order (application)

To apply for new units in an mFund product from the mFund issuer via the unit registry.

CHESS

The ASX Clearing House Electronic Subregister System. ASX’s settlement system for the cash equity, related markets and mFund transactions. It is also a subregister of all CHESS holdings maintained on CHESS HINs.

mFund Fact Sheet

Information about the mFund Settlement Service.

Financial Services Guide (FSG)

A guide that contains information about the entity providing you with financial advice. It should explain the financial service offered, the fees charged and how the person or company providing the service will deal with complaints

Investment Manager

The entity that manages the investment aspects of the mFund including investment strategy. The entity can be the same or separate from the mFund issuer (RE).

mFund CHESS holding

An investor’s electronic fund units sponsored by an ASX Participant and maintained by the mFund issuer through its unit registrar.

Responsible Entity (RE)

A product manufacturer of funds that has been admitted by ASX under the ASX Operating Rules to settle funds through the mFund Settlement Service.

Managed fund

An investment fund that pools monies from a range of investors to buy assets such as cash, shares, bonds and listed property trusts.

mFund Profile

An information sheet providing key features and important information about an mFund. This document does not replace the full PDS.

mFund product

An unlisted managed fund admitted under the ASX Operating Rules that investors can invest in through the mFund Settlement Service via their stockbroker or adviser.

mFund Settlement Service

The core service that enables the automation of settlement of purchases (applications) and sales (redemptions) for unlisted managed funds on ASX, using CHESS.

National Guarantee Fund (NGF)

This Fund covers investors in certain cases of broker misconduct, where those investors have traded shares and some other investment products on the stock exchange

PDS

Product Disclosure Statement. A document that financial service providers must give to you when they recommend or offer an mFund product. It must include information about the product’s key features, fees, commissions, benefits, risks and the complaints handling procedure.

Responsible Entity (RE)

The legal entity responsible for the overall management of the mFund. The entity can be the same or separate from the investment manager.

Sell order (redemption)

To request to sell some or all units in an mFund product from the mFund issuer via the unit registry.

Settle and settlement

Finalising a transaction by transferring the units to the buyer and the money to the seller.

Stockbroker

Entities that access ASX to enable applications to buy or sell units in an mFund product.

Trade and trading

Investors buying or selling shares on a stock exchange

Unit registrar

The ultimate record holder of all units on issue for an mFund product.