The mFund Settlement Service is a leading innovation that enables investors to use an ASX broker when they buy and sell units in unlisted managed funds. The service will replace traditional paper-based processes and use the same electronic system (CHESS) familiar to investors and brokers for settling - or finalising - ASX share transactions.
Bentham Asset Management is a foundation member of the ASX mFund Settlement Service.
ASX mFund Frequently Asked Questions
What is the mFund Settlement Service?
It's a service accessible for investors and advisers to buy and sell units in unlisted managed funds directly with fund managers via brokers.
What is the ASX's role?
The ASX provides a settlement service only. ASX does not guarantee the performance of mFund products.
How are the prices for the units in an mFund product set?
As with all unlisted managed funds, the prices of units are set by the fund manager.
Which Bentham funds are available on mFund?
The Bentham Global Income Fund (mFund code BAM01) and Bentham Syndicated Loan Fund (mFund code BAM02) are available via the mFund service. Click here for more information on the Global Income Fund or here for more information on the Syndicated Loan Fund.
How do investors buy or sell units in Bentham funds using mFund?
Applications and redemptions in the above funds can be made through a participating stockbroker or advisory services used to transact shares or other ASX products. Click here for details of participating mFund brokers.
Where can I access the performance of mFund?
Performance data for mFund products will be accessible through the mFund website www.mfund.com.au.
What happens after an investor has bought units in an mFund?
Once an investor has successfully bought units in an mFund, they will receive a welcome letter or pack from the issuer. This will confirm the details of their investment, including the number of units purchased, the price paid and other details specific to the mFund product, such as whether there is an option to reinvest distributions.
What information is received while holding mFund products?
Announcements relating to mFund products will be released through ASX's regular market announcements service. From time to time, the holder will also receive communications directly from mFund issuers with information such as details of distributions. Whenever there is a change in the number of units held in an mFund, ASX issues a CHESS statement confirming your unit holding. These statements are issued at the end of each month.
How do I find out more?
More information about the service, details of our Foundation Partners and performance details about the mFund products available can be found at: