Macquarie mFunds

Following an announcement by the ASX in November 2023 to wind down and close the ASX Managed Fund Settlement Service (mFund), Macquarie Investment Management Australia Limited (Macquarie) expects to remove the Funds from mFund on or around Monday 12 May 2025. 

Visit the ASX website for more information on the ASX’s decision to wind down and close mFund. 

As an existing mFund investor in a Fund, you may continue to make additional investments or redemption requests by instructing your broker until Friday 2 May 2025. The request must be received by us by the earlier cut-off time as specified by the ASX Operating Rules and your broker on Friday 2 May 2025. Please contact your broker for more information.

Following the removal of the Funds from mFund on or around 12 May 2025, your investment will be converted into a direct holding in that Fund with Macquarie. You will retain the same investor number and all instructions in relation to your investment (including applications, redemptions and change of contact details) must be made directly to us. Your broker-sponsored holding, linked to your CHESS Holder Identification Number will no longer apply.

Refer to Question 5 below if you would like information on how to invest and access your money as a direct investor with Macquarie.

Alternatively, you can instruct your broker to convert your investment into a direct holding with Macquarie before Friday 2 May 2025. Please note we are still required to collect certain information (which may include identification documents) from you if you decide to convert earlier.

Under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) and related rules (AML/CTF law), we are required to collect certain information (which may include identification documents) from you.

While you may have previously provided this information to your broker, we have not been provided access to information that is held by your broker.

If this information is not provided to us, certain restrictions may be placed on your account in order for Macquarie to comply with AML/CTF law.

For example, regardless of your previous distribution preference, you will no longer be eligible to reinvest distributions. Your distribution will instead be paid in cash directly into your nominated Australian financial institution account on file. You will also not be able to add to your investment and there will be delays in paying redemption proceeds.

To avoid such restrictions and delays, please complete the AML/KYC form and return it to mam.clientservice@macquarie.com, together with any required identification documents, by 5.00pm (AEST) on Friday 2 May 2025. Refer to the form for further instructions. 

Please contact us at 1800 814 523 or email mam.clientservice@macquarie.com so we can check our records and assist you.

The product disclosure statement (PDS) for the relevant Fund contains information on how to invest and access your money as well as the relevant application and redemption cut-off times. You can access the PDS for each Fund in the table below.

Please download and complete the ‘Change of details form’ if you would like to update your details (for example, your contact details).

Your financial adviser will have access to your investment if they are listed as your servicing adviser with us. Please contact us to check if you are unsure.

You can easily appoint a financial adviser to your account by providing a signed instruction. Your adviser will need to complete the ‘Dealer group and/or adviser transfer and change of contact details form’ if they do not have an adviser profile with Macquarie Asset Management.

The ASX website provides details on the closure of mFund including the mFund product removal schedule.

Macquarie offers various ETFs including the following:

• Macquarie Dynamic Bond Fund - Macquarie Dynamic Bond Active ETF (Managed Fund) (ASX: MQDB)
• Macquarie Income Opportunities Fund - Macquarie Income Opportunities Active ETF (Managed Fund) (ASX: MQIO)
• Walter Scott Global Equity Fund - Macquarie Walter Scott Global Equity Active ETF (Managed Fund) (ASX: MQWS)

To move your investment in mFund to an investment in an ETF, you will need to instruct your broker to redeem from mFund and buy units in the ETF class on the ASX. Please note that the request to redeem from mFund made through your broker must be received by us by the earlier cut-off time as specified by the ASX Operating Rules and the broker on Friday 2 May 2025.

After this time, you may only redeem your investment in mFund directly through Macquarie.

For more information on buying and selling active ETFs, please visit Macquarie’s ETF website and Active ETF Education Hub.

We recommend you seek your own tax advice and consult a financial adviser for advice specific to your circumstances before taking any action.

Please contact us on 1800 814 523 or email at mam.clientservice@macquarie.com if you have any questions about the Funds or the removal from mFund.

For all other enquiries, please contact your broker or visit the ASX website.