Antipodes Global Fund (PIE)

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Fund type: Growth fund

Past Returns: 5.41%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.19%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Cabot Oil & Gas Corporation 2.92%
Eqt Corporation 3.21%
Posco 0.87%
Teck Resources Limited Class B 2.79%

Weapons

Airbus Se 1.60%
Northrop Grumman Corporation 2.07%
Thales SA 0.39%

Gambling

Flutter Entertainment PLC 1.69%

Human Rights & Environmental Violations

Barrick Gold Corporation 1.59%
Posco 0.87%

Animal Testing

Coca-Cola Company 1.78%
Nutrien Ltd. 0.79%
Tesco PLC 2.53%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2022 1.53% -5.08%
2021 32.66% 22.02%
2020 -4.45% -0.7%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Underlying Fund Cash
    United States Cash and Equivalents
    14.73%
  • Eqt Corporation
    United States International Equities
    3.22%
  • Frontier Communications Parent, Inc.
    United States International Equities
    2.93%
  • Cabot Oil & Gas Corporation
    United States International Equities
    2.92%
  • Sanofi
    France International Equities
    2.89%
  • Siemens AG
    Greece International Equities
    2.86%
  • Microsoft Corporation
    United States International Equities
    2.83%
  • Teck Resources Limited Class B
    China International Equities
    2.79%
  • Sap Se
    Greece International Equities
    2.79%
  • Oracle Corporation
    United States International Equities
    2.74%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 15.05%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.4%
International Equities 100.0% 74.88%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -8.52%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    5.10%
  • Fossil Fuels:
    9.79%
  • Gambling:
    1.69%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.46%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    4.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"The fund invests in the Antipodes Global Fund - UCITS (Underlying Fund) and cash or cash equivalent securities. The Underlying Fund’s investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed and emerging markets. Derivatives, including equity shorts and currency positions may be used where Antipodes Partners Limited as investment manager sees attractive opportunities and also to offset specific unwanted portfolio risks and provide some protection from unexpectedly large movements in the value of the portfolio. Derivatives may also be used to amplify positions where the Investment Manager feels strongly about the return potential of an idea. In using derivatives, the Underlying Fund’s total gross exposure may be leveraged to a maximum of 200% of the Net Asset Value. The Underlying Fund’s net exposure will be within a range of 50% to 100% of its Net Asset Value."

Value $29M NZD
Period of data report Thu March 31st 2022
Fund started Wed July 25th 2018
Total annual fund fees 1.19%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Other management and administration charges 0.17%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jacob Mitchell

Currently: CIO & Lead Portfolio Manager, Antipodes Partners (6 years, 9 months)
Previously: Deputy Chief Investment Officer, Platinum Asset Management (14 years, 0 months)

Graham Hay

Currently: Portfolio Manager, Antipodes Partners (6 years, 9 months)
Previously: Head of Research, Perennial International Equities (10 years, 0 months)

Andrew Baud

Currently: Portfolio Manager, Antipodes Partners (6 years, 9 months)
Previously: Investment Analyst, Platinum Asset Management (10 years, 0 months)

Sunny Bangia

Currently: Portfolio Manager, Antipodes Partners (6 years, 9 months)
Previously: Strategist/Trader, Platinum Asset Management (5 years, 0 months)

James Rodda

Currently: Portfolio Manager, Antipodes Partners (6 years, 9 months)
Previously: Investment Analyst, Platinum Asset Management (3 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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