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What are the changes that are occurring?

Effective 15th September 2025, the fund name and ticker code for the Magellan High Conviction Trust – Active ETF (ASX:MHHT) will change to the Magellan Global Opportunities Fund – Active ETF (ASX:OPPT).

Performance fees for the fund ceased effective the date of the announcement of the change in strategy, 15th August 2025, and management fees have been reduced to 0.75% per annum (inclusive of the net effect of Goods and services Tax) effective 15th September 2025.

The underlying strategy of the fund will also change from a High Conviction Strategy to a Global Opportunities Strategy. Additional information on the fund can be obtained from the Product Disclosure Statement (‘PDS’), accessible here.

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