The Montgomery Fund aims to provide long-term capital growth investing in 25 to 35 securities listed on the Australian Securities Exchange (ASX). The Fund seeks to outperform the S&P/ASX 300 Accumulation Index over the medium to long term.
The Fund seeks to outperform by building a concentrated portfolio of high-quality companies with a margin of safety and a potential catalysts to close the price-to-value gap. The fundamental, bottom-up research process for identifying these companies has been consistently applied by the manager since its founding in 2004.
Harnessing the security of Australia’s top 100 companies, The Fund may also invest up to 25 per cent outside the top 100. The Fund uses an index ‘agnostic’ approach to building its portfolio, aimed at ensuring the best investment ideas have the greatest exposure.
Why invest
| Number of holdings | 25-35 |
| Style | Growth & Value |
| Benchmark | S&P/ASX 300 Accumulation Index |
| Fund fact sheet | Download |
| Target Market Determination (TMD) | Download |
Montgomery Investment Management as investment manager appointed Australian Eagle Asset Management as sub-investment manager to work out of our Sydney offices, to manage The Montgomery Fund’s assets. Opened in Sydney in 2004 Australian Eagle is owned and operated by its team.
Australian Eagle Asset Management applies a highly disciplined and fact-based investment process to identifies high quality listed companies with the potential to deliver superior long-term outcomes.
*this is a forward pricing fund, the price you receive is based on close of market prices.
| Inception Date | 17 August 2012 |
| Investment Manager | Montgomery Investment Management Pty Ltd |
| Objective | The Fund aims to outperform the S&P/ASX 300 Accumulation Index over a rolling 5 year period. The Fund may not be successful in meeting this objective. Returns are not guaranteed. |
| Benchmark | S&P/ASX 300 Accumulation Index |
| Fund Construction | The Fund typically invests in a high conviction portfolio of 20 to 40 stocks listed on the ASX and NZSX. |
| APIR Code | FHT0030AU |
| Recommended Investment Timeframe | 5 years |
| Minimum Investment | A$25,000 |
| Minimum Additional Investment | A$1,000 |
| Fund Size | A$313.2m as at 30/09/2025 |
| Frequency of Pricing | The Fund is priced every Sydney business day. |
| Entry Fee | Nil |
| Exit Fee | Nil |
| Buy/Sell Spread | 0.25%/0.25% |
| Management Fee | 1.36% per annum |
| Performance Fee | 15.38% of the total return of The Fund that is in excess of the Index. |
| 1 month | 3 months | 6 months | 12 months | 3 years (p.a.) | 5 years (p.a.) | 7 years (p.a.) | 10 years (p.a.) | Since Inception | Compounded annual return | |
|---|---|---|---|---|---|---|---|---|---|---|
| The Montgomery Fund |
0.04% |
4.00% |
11.83% |
8.39% |
12.27% |
9.51% |
7.03% |
7.20% |
216.54% |
9.18% |
| S&P 300 Accum. Index |
-0.65% |
4.99% |
14.94% |
10.76% |
15.03% |
12.88% |
9.25% |
10.11% |
246.30% |
9.93% |
| Out/Under Performance |
0.69% |
-0.99% |
-3.11% |
-2.37% |
-2.76% |
-3.37% |
-2.22% |
-2.91% |
-29.76% |
-0.75% |
Fund performance prior to 12 September 2022 is not attributable to the current sub-investment manager, but the previous investment manager. Presented below is the longer-term record of the current sub-investment manager’s strategy since its inception.
| 1 month | 3 months | 6 months | 12 months | 3 years (p.a.) | 5 years (p.a.) | 7 years (p.a.) | 10 years (p.a.) | Since Inception | Compounded annual return | |
|---|---|---|---|---|---|---|---|---|---|---|
| Australian Eagle Composite* |
0.04% |
4.00% |
11.83% |
8.39% |
12.27% |
12.08% |
10.46% |
13.03% |
624.17% |
10.07% |
| S&P 300 Accum. Index |
-0.65% |
4.99% |
14.94% |
10.76% |
15.03% |
12.88% |
9.25% |
10.11% |
398.10% |
8.09% |
| Out/Under Performance |
0.69% |
-0.99% |
-3.11% |
-2.37% |
-2.76% |
-0.80% |
1.21% |
2.92% |
226.07% |
1.98% |
*The inception date of the Australian Eagle Composite is 07 February 2005. The performance represents the Australian Eagle SMA performance adjusted to include The Montgomery Fund’s fees. Portfolio Performance is calculated after fees and costs, including the Investment management fee and Performance fee, but excludes the buy/sell spread. All returns are on a pre-tax basis. The returns in the composite include the Australian Eagle returns from 7 February 2005 to 30 September 2022, and from this point onwards include the returns in The Montgomery Fund (the first full month Australian Eagle commenced as the investment manager for this product).
The Montgomery Fund inception date is 17/08/2012. Performance is net of fees and assumes distributions are reinvested, which is industry standard. Past performance is not an indicator of future performance.
| Distribution per unit | Reinvestment price | |
| June 2025 | 8.1416 cents | $1.4197 |
| December 2024 | 1.3217 cents | $1.4453 |
| June 2024 | 13.5791 cents | $1.3794 |
| June 2023 | 6.0097 cents | $1.38111 |
| June 2022 | 15.4240 cents | $1.2882 |
| June 2021 | 5.493 cents | $1.6388 |
| June 2020 | 1.6831 cents | $1.2989 |
| June 2019 | 8.5643 cents | $1.3813 |
| June 2018 | 12.8559 cents | $1.4082 |
| June 2017 | 2.1137 cents | $1.4067 |
| June 2016 | 7.7190 cents | $1.4047 |
| June 2015 | 13.0725 cents | $1.3326 |
| June 2014 | 4.0489 cents | $1.2874 |
| June 2013 | 7.2834 cents | $1.1904 |
You should read the Product Disclosure Statement (PDS) before deciding to acquire the product.
The issuer of units in The Montgomery Fund (ARSN 159 364 155) (Fund) is the Fund’s responsible entity Fundhost Limited (ABN 69 092 517 087) (AFSL 233045). The Product Disclosure Statement (PDS) contains all of the details of the offer. Copies of the PDS and Target Market Definition (TMD) are available to download from this page and at https://fundhost.com.au/
An investment in the Fund must be through a valid paper or online application form accompanying the PDS. Before making any decision to make or hold any investment in the Fund you should consider the PDS and TMD in full.
The information provided does not take into account your investment objectives, financial situation or particular needs. You should consider your own investment objectives, financial situation and particular needs before acting upon any information provided and consider seeking advice from a financial advisor if necessary.
You should not base an investment decision simply on past performance. Past performance is not an indicator of future performance. Returns are not guaranteed and so the value of an investment may rise or fall.
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