From a link I found.. ..'Lonsec observes that the Trust sits...

From a link I found.. ..'Lonsec observes that the Trust sits between the Magellan Global Fund and the Magellan High Conviction Fund across most measures. The Trust differs from the Magellan Global Fund, as the Trust has greater stock concentration; less constrained risk parameters; active currency hedging; and a combined risk ratio of 1, as opposed to the Global Funds combined risk ratio of 0.8. Additionally, the Trust is a less concentrated version of the Magellan High Conviction Fund'