ASX:MFG - REVISED- Launch of MFG Core Series and Magellan Sustainable

15 December 2020

ASX Limited

ASX Market Announcements Office

Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

Magellan Financial Group Limited

Launch of MFG Core Series and Magellan Sustainable Fund

Magellan Financial Group Limited ("Magellan") is pleased to announce the launch of the MFG Core Series and Magellan Sustainable Fund which commence trading on Chi-X today from 12.00pm.

The MFG Core Series is a series of investment strategies, initially comprising:

• the MFG Core International Fund (Ticker: MCSG);
• the MFG Core ESG Fund (Ticker: MCSE); and
• the MFG Core Infrastructure Fund (Ticker: MCSI)

that leverage Magellan's investment philosophy and proprietary research to offer investors lower cost more diversified portfolios of high quality companies.

The Magellan Sustainable Fund (Ticker: MSUF) offers investors a high conviction, global equities portfolio of high quality companies with meaningfully lower carbon factor risk than global markets.

Brett Cairns, CEO, said: "The MFG Core Series has been under development for several years and extends the successful approach that has been applied by our institutional Core Infrastructure Fund and mandates for the past 10 years. This approach actively constructs diversified portfolios of high-quality companies leveraging Magellan's research, and manages them using a proprietary process.

The MFG Core Series funds have a management fee of 0.50% p.a. We believe the series provides an attractive lower cost alternative for those wishing to gain an exposure to Magellan's research and investment expertise but are not necessarily seeking our full actively managed portfolio services.

We have also had considerable interest from retail investors and advisers in making our sustainable investment strategy available to the retail market in Australia. The sustainable strategy, managed by Dom Giuliano, has demonstrated an attractive return profile since its inception over three years ago. Importantly, the Magellan Sustainable Fund applies a thoughtful and proprietary approach to ESG including climate change risk and leverages our existing research and investment expertise."

The MFG Core Series and Magellan Sustainable Fund are available for investment either through the Chi-X securities exchange through a stockbroker or online broking account, or by application directly with Magellan Asset Management Limited in its capacity as the responsible entity of each fund.

For further information on the MFG Core Series, visit www.mfgcoreseries.com.au

For further information on the Magellan Sustainable Fund, visit www.magellangroup.com.au

Authorised by

Marcia Venegas | Company Secretary

About Magellan

Magellan Financial Group is a specialist funds management business established in 2006 and based in Sydney, Australia. Magellan's core operating subsidiary, Magellan Asset Management Limited, manages approximately $103 billion of funds under management at 30 November 2020 across its global equities, global listed infrastructure and Australian equities strategies for retail, high net worth and institutional investors and employs over 130 staff globally. Magellan is listed on the Australian Securities Exchange (ASX Code: MFG) and has a market capitalisation of approximately $10 billion. Further information can be obtained from www.magellangroup.com.au.

For further information, please contact:

Sarah Thorne	Marcia Venegas	Lucy Briggs
Investor Relations	Company Secretary	Media Relations
[phone]	[phone]	[phone]

Important Information: Units in the fund(s) referred to in this document (each, a Fund) are issued by Magellan Asset Management Limited (ABN 31 120 593 946, AFS Licence No 304 301). Past performance is not necessarily indicative of future results and no person guarantees the future performance of a Fund, the amount or timing of any return from a Fund, or that the investment objectives of a Fund will be achieved. This material has been provided for general information purposes and must not be construed as investment advice. It does not take into account the investment objectives, financial situation or particular needs of any particular person. Investors should consider obtaining professional investment advice tailored to their specific circumstances and should read the Fund's Product Disclosure Statement (PDS) prior to making any investment decisions. The PDS for the Fund is available at www.mfgcoreseries.com.auor www.magellangroup.com.auor can be obtained by calling 02 9235 4888.

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