MGG 1.70% $1.79 mogul games group ltd

What caught my eye was the Magellan Global Equities Fund...

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    What caught my eye was the Magellan Global Equities Fund returning 9.6% over the last year (closely following the Global Fund @ 9.8%), where as MGG returned 5.9% (NAV price). Would this just be down to the weight of individual holdings?
 
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Currently unlisted public company.

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