InvestSMART

Generation L1 Capital International - Managed Fund

Fund Objective
The fund aims to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The Magellan Global Fund RE endeavours to acquire these companies at discounts to their assessed intrinsic value. Magellan Global Fund’s portfolio comprises 20 to 40 investments.
Fund Strategy
The fund aims to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The Magellan Global Fund RE endeavours to acquire these companies at discounts to their assessed intrinsic value. Magellan Global Fund’s portfolio comprises 20 to 40 investments.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 2.89% -2.93% -9.01% -2.96% 1.73% 6.06% 4.34% 6.59%
Growth return 3.06% -2.45% -8.41% -2.31% 2.06% 6.3% 4.48% 6.66%
Income return -0.17% -0.48% -0.6% -0.65% -0.33% -0.24% -0.14% -0.07%
Market index (MSCI World Ex Australia NR AUD)
Total return 4.44% 0.71% -2.78% 15.06% 14.48% 16.52% 12.98% 13.41%
As at 30 Apr 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Generation L1 Capital International
International Equities
95.04%
Cash
4.96%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
International Equities
92.11%
Cash
1.80%
Australian Equities
5.56%
Property & Infrastructure
0.24%
Fixed Interest
-0.01%
Alternatives
0.29%

General Information

Fund Details
Type Description
Generation L1 Capital International
Austock Life Limited
ALL0005AU
Equity World Large Blend
star (as at 30 Apr 2026)
Investment Fund
13 Aug 2004
$81.87 million (as at 30 Apr 2026)
$2.6938 (as at 19 May 2026)
$2.6857 (as at 19 May 2026)
Open
Offer information
Type Description
Standard entry fee 4%
MER 2% (as at 20 May 2025)
Indirect Cost Ratio (ICR) 0% (as at 30 Jun 2024)
Minimum initial investment $500.00
Minimum additional investments $1,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2026)

Holding (as at 31 Mar 2026) Type % of Portfolio
Amazon.com Inc 7.18%
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FAQs about the Generation L1 Capital International

The objective of the Generation L1 Capital International managed fund is The fund aims to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The Magellan Global Fund RE endeavours to acquire these companies at discounts to their assessed intrinsic value. Magellan Global Fund’s portfolio comprises 20 to 40 investments.

The strategy of the Generation L1 Capital International managed fund is The fund aims to invest in companies that have sustainable competitive advantages which translate into returns on capital in excess of their cost of capital for a sustained period of time. The Magellan Global Fund RE endeavours to acquire these companies at discounts to their assessed intrinsic value. Magellan Global Fund’s portfolio comprises 20 to 40 investments.

The APIR code of the Generation L1 Capital International managed fund is ALL0005AU.

Generation L1 Capital International’s total return last month was 2.89%. This was made up of a growth return of 3.06% and an income return of -0.17%. These returns were calculated as at 30 Apr 2026.

Generation L1 Capital International’s total return for the last three months was -2.93%. This was made up of a growth return of -2.45% and an income return of -0.48%%. These returns were calculated as at 30 Apr 2026.

Generation L1 Capital International’s one-year total return is -2.96%. This was made up of a growth return of -2.31% and an income return of -0.65%. These returns were calculated as at 30 Apr 2026.

Generation L1 Capital International’s one-year total return is 6.06%. This was made up of a growth return of 6.3% and an income return of -0.24%. These returns were calculated as at 30 Apr 2026.

The asset allocation of the Generation L1 Capital International managed fund is :

International Equities
95.04%
Cash
4.96%
Australian Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Generation L1 Capital International managed fund is Austock Life Limited.

The Generation L1 Capital International managed fund belongs to the Equity World Large Blend sector/asset class.

As at 30 Apr 2026, the size of the Generation L1 Capital International managed fund was $81.87 million.

The Generation L1 Capital International managed fund has an inception date of 13 Aug 2004.

The current entry price of the Generation L1 Capital International managed fund is $2.6938 per unit and the current exit price is $2.6857 per unit (as at 19 May 2026).

The current exit price of the Generation L1 Capital International managed fund is $2.6857 per unit and the current entry price is $2.6938 per unit (as at 19 May 2026).

The minimum initial investment amount for the Generation L1 Capital International managed fund is $500. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.