Magellan Global Opportunities Fund – Active ETF is a registered managed investment scheme designed to provide investors with access to a concentrated portfolio of high-quality global equities. The fund aims to outperform the MSCI World Net Total Return Index (AUD) – net of fees – over periods of three years or longer. Its investment approach targets companies with sustainable competitive advantages, generating returns on capital that consistently exceed their costs over extended periods. This is achieved through intensive, bottom-up stock analysis complemented by in-depth macroeconomic assessments to mitigate risks and ensure diversification. Typically, the fund holds 20 to 40 investments, focusing on sectors and companies that demonstrate resilience and growth, such as technology, financial services, and consumer staples. Recent top holdings include large-cap names like Microsoft, Amazon.com, Mastercard, Taiwan Semiconductor, Nestlé, and Meta Platforms. Its active management and unconstrained strategy set it apart from benchmark-relative products, emphasizing risk-adjusted outcomes over simple index tracking. The fund plays a significant role for investors seeking targeted exposure to leading global companies and disciplined risk control within the listed ETF structure, reflecting Magellan’s commitment to high conviction, long-term equity investing.