Funds

Antipodes Global Fund Long (PIE)

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Issues of concern

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.

Key:

  • Adult Entertainment/Pornography
  • Alcohol
  • Animal Cruelty
  • Fossil Fuels
  • Gambling
  • GMOs
  • Human Rights & Environmental Violations
  • Palm Oil
  • Tobacco
  • Weapons

Companies of concern

  • Fossil Fuel

    • Total SA 2.42%
    • Eqt Corporation 2.33%
    • Teck Resources Limited Class B 1.74%
    • Fortis Inc. 0.88%
    • Frontline Ltd. 0.80%
    • Occidental Petroleum Corporation 0.52%
    • Pt Astra International Tbk 0.51%
    • Rwe AG 0.44%

  • Weapons

    • Northrop Grumman Corporation 2.85%
    • Thales SA 1.17%

  • Gambling

    • Flutter Entertainment PLC 1.84%

  • Alcohol

    • Diageo PLC 1.77%
    • Heineken Nv 1.01%

  • Palm Oil

    • Pt Astra International Tbk 0.51%

  • Human Rights & Environmental Violations

    • Barrick Gold Corporation 1.93%
    • Wells Fargo & Company 1.69%
    • Nutrien Ltd. 1.06%
    • Posco 0.57%
    • Pt Astra International Tbk 0.51%

  • Animal Cruelty

    • Tesco PLC 2.20%
    • Ping An Insurance (Group) Company Of China, Ltd. Class H 1.59%
    • Compagnie Financiere Richemont SA 1.35%
    • Coca-Cola Company 1.31%
    • Nutrien Ltd. 1.06%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

About this fund

In their own words

The fund invests in the Antipodes Global Fund - Long - 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. The Underlying Fund may use exchange traded derivatives for risk management purposes and to achieve equity exposure. The fund targets a position of being unhedged (to New Zealand dollars).

Value $18M NZD
Period of data report 31st Dec. 2022
Fund started 25th July 2018
Total annual fund fees 0.99%
Total performance based fees 0.0%
Manager's basic fee 0.84%
Other management and administration charges 0.15%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Jacob Mitchell

Currently: CIO & Lead Portfolio Manager, Antipodes Partners (7 years, 6 months)
Previously: Deputy Chief Investment Officer, Platinum Asset Management (14 years, 0 months)

Graham Hay

Currently: Portfolio Manager, Antipodes Partners (7 years, 6 months)
Previously: Head of Research, Perennial International Equities (10 years, 0 months)

Andrew Baud

Currently: Portfolio Manager, Antipodes Partners (7 years, 6 months)
Previously: Investment Analyst, Platinum Asset Management (10 years, 0 months)

Sunny Bangia

Currently: Portfolio Manager, Antipodes Partners (7 years, 6 months)
Previously: Strategist/Trader, Platinum Asset Management (5 years, 0 months)

James Rodda

Currently: Portfolio Manager, Antipodes Partners (7 years, 6 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 31st Dec. 2022.

Investment Exclusions

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).

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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

Issue of concern Does this fund say it excludes this? Actual holdings
Adult Entertainment /Pornography 0.00%
Alcohol 2.77%
Animal Cruelty 7.51%
Fossil Fuels 9.63%
Gambling 1.84%
GMOs 0.00%
Human Rights & Environmental Violations 5.75%
Palm Oil 0.51%
Tobacco 0.00%
Weapons 4.02%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 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 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.

Past Returns

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 3.19% -3.44%
2021 36.07% 33.59%
2020 -7.33% -3.89%

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 31st Dec. 2022.

Top 10 Investments

  • Underlying Fund Cash
    United States Cash and Equivalents
    9.24%
  • Sanofi
    France International Equities
    3.52%
  • Merck & Co., Inc.
    United States International Equities
    3.15%
  • Siemens AG
    Greece International Equities
    2.78%
  • Total SA
    France International Equities
    2.69%
  • Frontier Communications Parent, Inc.
    United States International Equities
    2.67%
  • Oracle Corporation
    United States International Equities
    2.64%
  • Sap Se
    Greece International Equities
    2.53%
  • Siemens Energy AG
    Greece International Equities
    2.33%
  • Northrop Grumman Corporation
    United States International Equities
    2.16%
Type Target Actual
Cash and Cash Equivalents 0.0% 10.33%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.02%
International Equities 100.0% 92.51%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

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

Target

Actual

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