Magellan Core Infrastructure Fund Active ETF (MCSI) Review & Analysis
- −3.8% in September (total return), in line with the median property & infrastructure ETF at −3.9%.
- Investors withdrew a net $16m (-3.4% of the fund).
- The unit price closed the month at $1.63, near its 12-month low (range $1.61 to $1.96).
About MCSI
MCSI is a property & infrastructure ETF from Magellan, listed on the TMX Australia exchange since December 2020. With $450m under management it is number 16 of 19 property & infrastructure ETFs by size. The management fee is 0.50% a year, about $50 on every $10,000 invested, dearer than the typical property & infrastructure ETF at 0.47%.
Over five years it has returned +5.0% a year including distributions, against +2.5% for the median property & infrastructure ETF. With its focus on property, infrastructure, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.
Compare MCSI with
| Fee | 0.50% | 0.15% |
| 1 year | +3.5% | +5.7% |
| 5 yrs p.a. | +5.0% | – |
| Size | $450m | $1.9bn |
| Fee | 0.50% | 0.98% |
| 1 year | +3.5% | +6.1% |
| 5 yrs p.a. | +5.0% | – |
| Size | $450m | $3.0bn |
| Fee | 0.50% | 0.20% |
| 1 year | +3.5% | +5.3% |
| 5 yrs p.a. | +5.0% | +5.3% |
| Size | $450m | $2.1bn |
| Fee | 0.50% | 1.02% |
| 1 year | +3.5% | +10.5% |
| 5 yrs p.a. | +5.0% | – |
| Size | $450m | $1.4bn |
| Stock Code | MCSI |
|---|---|
| Fund Manager | Magellan |
| Asset Class | Property & infrastructure |
| AUM | $450m |
| MER (%) | 0.50% |
| Net flows (Sep) | −$16m |
| Last Price | $1.63 |
| 52-Week Range | $1.61 – $1.96 |
| Bid/Ask Spread | 0.59% |
| Listing Date | 15/12/2020 |
| Exchange | TMX Australia |
| Index | None: actively managed. See the PDS for its benchmark |
| Issuer website | Magellan ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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