From 16/04/2021 Monash Absolute Active Trust - PDS. Page 21:
- Adds up to 4.28%
- Plus 0.3% buy spread and 0.3% sell spread!
Let's use the Money Smart Fee Calculator:
https://moneysmart.gov.au/managed-funds-and-etfs/managed-funds-fee-calculator
Let's say you can get the nearest passive equivalent exposure in an ETF for around 0.28%
(That makes the Total Expense Ratio difference an even 4% for our calculation)
With $50,000 invested for 20 years and a 7% investment return we can figure the effect of this 4% cost difference:
- Your $50,000 in the passive ETF would have grown to $193,485
- But in MAAT $106,270 of the gain is lost!!
- Leaving you with a meagre gain of $37,215
Where are the customer's yachts? Stolen!
Over the long run MAAT investors are on a hiding to nothing. The smartest active managers in the world couldn't overwhelm a 4% handicap in the long run. Indeed I predict MAAT will clearly be on track to massive underperformance within 5 years.
MA1 investors will also be paying an astronomical TER for the much smaller MA1 vehicle after MAAT is launched (till they fully wind it up)
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- MAAT Total Expense Ratio 4.28%!!!
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MAAT Total Expense Ratio 4.28%!!!
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Last
$2.03 |
Change
0.020(1.00%) |
Mkt cap ! $386.7M |
Open | High | Low | Value | Volume |
$2.01 | $2.03 | $2.01 | $196.3K | 97.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 68369 | $2.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 324147 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 61635 | 2.020 |
5 | 151607 | 2.010 |
13 | 382989 | 2.000 |
3 | 64520 | 1.995 |
1 | 100000 | 1.990 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 325049 | 9 |
2.040 | 596968 | 6 |
2.050 | 36519 | 3 |
2.060 | 25000 | 1 |
2.100 | 249 | 1 |
Last trade - 10.47am 16/07/2025 (20 minute delay) ? |
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CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
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