How can we help?

What are managed funds?

A managed fund is a pooled investment vehicle where your money is combined with other investors and managed by a professional fund manager. Unlike ETFs, managed funds are not listed on a stock exchange — you invest directly with the fund manager or through a platform, and units are priced once per day based on the fund's net asset value (NAV).

Common examples include:

• Vanguard Managed Funds (e.g. Vanguard Australian Shares Fund)
• Dimensional Fund Advisors funds
• Magellan funds
• Platinum Asset Management funds
• Pendal funds

Note: Some managed funds have an ASX-listed ETF equivalent (e.g. Vanguard Australian Shares Index ETF / VAS). The managed fund and ETF versions are separate products with different tax statements — this page covers the unlisted managed fund version only.

How distributions work

Managed funds distribute income to investors periodically — typically quarterly, half-yearly, or annually. At the end of each financial year, the fund manager issues an Annual Tax Statement (also called an AMMA statement — AMIT Member Annual Statement) that breaks down the tax components of all distributions you received during the year.

You will need to obtain this statement from your fund manager or the platform through which you invest (e.g. Netwealth, HUB24, BT Panorama).

Does Sharesight automatically update managed fund tax components?

No. Sharesight does not automatically update AMIT/AMMA tax components for managed funds. You will need to manually enter the components from your Annual Tax Statement each year.

How to enter managed fund AMIT components

The process is the same as for ETFs. See Australian AMIT tax components for step-by-step instructions on how to enter the components into Sharesight's Taxable Income Report.

Note: Sharesight does not provide taxation advice. If you have any questions about your tax position we recommend you contact your accountant or tax advisor.

Why did each distribution amount change at tax time?

Sometimes, after the finalised tax components replace the estimates — whether Sharesight pushed them through automatically or you entered them from your annual tax statement — the net amount of an individual distribution changes. It doesn't always happen, and where it does the change is often small (sometimes only a few cents). This is expected — here's why.

This can occur with any trust investment that pays more than one distribution a year — ETFs, managed funds, unit trusts and stapled securities alike. When the finalised components come in, Sharesight doesn't just update the annual totals — it re-apportions them back across each distribution: it works out each distribution's ratio of the year's total, then spreads the finalised figures across the distributions using those ratios. Because the finalised numbers differ from the earlier estimates, the split can shift — so one distribution might tick up and another down.

The key point: the total for the financial year stays the same — only how it's allocated across the individual distributions changes. If you reconcile at the yearly level (the sum of all distributions), it will still match your annual tax statement.

Tip: To check the yearly total, run the Taxable Income Report with Show holding totals turned on — it sums all distributions for each holding so you can reconcile against your statement.