mFund Change of ASX Code – RARE Infrastructure Value Fund Hedged (ASX Code: LMA08) and RARE Infrastructure Value Fund Unhedged ASX Code: LMA09)

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Notice reference number: 1474.16.12
Date published: 06/12/16
Effective as of: 06/12/16
Last updated: 06/12/16

This Notice is being issued to provide Participants with information on the mFund code change for LMA08 and LMA09

The purpose of this ASX Notice is to inform ASX Settlement Participants of the change of ASX code for two funds which Legg Mason Asset Management Australia Limited is the Responsible Entity.

Effective Monday, 12 December 2016, RARE Infrastructure Value Fund Hedged will change its ASX code from LMA08 to RAI01 and RARE Infrastructure Value Fund Unhedged will change its ASX code from LMA09 to RAI02 (the “Funds”).  ASX Settlement Participants are advised to systematically cater for this change as a temporary ISIN is allocated to the new ASX Codes RAI01 & RAI02 in CHESS.  This action is required as the ISIN of the Funds did not change.  ASX will change the temporary ISIN for RAI01 and RAI02 in CHESS to reflect the correct ISIN on a date yet to be determined.  Please note this will only impact participants who instruct using ISIN but not ASX Code.

The Change will be effective on a date yet to be determined

ASX Code:


Temporary ISIN








It is expected that the Fund’s LMA08 and LMA09 ASX Code will cease at the close of business on Friday, 9 December 2016 and commence under ASX Codes: RAI01 and RAI02 on Monday, 12 December 2016. For any enquiries regarding holdings in the fund, contact RARE on 02 9397 7300. 

As a result of the change, RBC Investor Services Trust (RBC) as the unit registry (and the Product Issuer Settlement Participant responsible under the ASX Settlement Operating Rules for facilitating settlement of requests for the application and redemption of mFund products) has advised that applications, redemptions or switches (“transactions”) for these funds received after 11:15AM AEDT on Tuesday, 6 December 2016 will not be accepted for processing.

It is expected that RBC will process transactions as normal from Monday, 12 December 2016.

ASX will advise participants should the change of ASX code be postponed.

What do I need to do by when?

Participants should ensure that staff receiving or processing transactions for the abovementioned Funds understand the potential for these requests to be rejected during the change of ASX Codes.  Participants should also note the temporary ISIN being used in CHESS post Code Change.

Need more information?

Issued by

Nehali Dani, Officer, Post Trade Operations

Contact information

Nehali Dani
1800 623 571