Antipodes Wholesale Plus Global Fund
About this Fund
Fund Detail
PDS | https://informedinvestor.com.au/view/pds/101164-2023-12-23-02:18.pdf |
FUND MANAGER | Antipodes Partners |
ASX Code | |
APIR | WFS0864AU |
ASSET CLASS | GLOBAL EQUITIES |
INVESTMENT STYLE | The Fund typically invests in a select number of attractively valued companies listed on global share markets. |
INVESTMENT PROFILE | The aim of the Fund is to achieve absolute returns in excess of the Benchmark over the investment cycle (typically 3-5 years). |
CURRENCY MANAGEMENT | Active management |
INCEPTION DATE | 28-06-2016 |
BENCHMARK | MSCI All Country World Net Index in AUD |
FUND SIZE | MSCI All Country World Net Index in AUD |
DISTRIBUTION FREQUENCY | Yearly |
NO. OF HOLDINGS | 30+ |
FEES | 1.10% p.a. |
STRUCTURE |
Benefits
Benefits | Benefits of investing in the Antipodes Wholesale Plus Global FundSome of the benefits that may arise from an investment in the Fund include the following:
Other additional benefits that can be more generally obtained by investing in managed funds include the following:
Risk levelHigh |
RISK LEVEL | 6 |
INVESTOR SUITABILITY | This product is designed for customers who:
The Fund isn't open to direct investors. The Fund is only accessible through an Investor Directed Portfolio Service |
Risks
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Detail |
Key Features
About the FundThe Fund invests all of its assets (other than some cash or cash equivalents) in units of the Antipodes Global Fund APIR IOF0045AU (Underlying Fund). The Underlying Fund provides the Fund with exposure to investments in securities listed on global markets. The Underlying Fund may use derivatives, predominantly to establish short positions in securities or market indices and thus reduce the Underlying Fund's net exposure to markets, and to hedge currencies. Antipodes Partners' investment styleThe investment philosophy of Antipodes Partners is that equity investment returns are primarily a function of:
Antipodes Partners defines investment risk as the chance of permanent loss of capital or unforeseen volatility and, in this sense, it believes risk is best controlled by:
Business resilience' is determined by the degree and sustainability of competitive advantage and is ultimately subject to ongoing tests as excess returns will attract change in the operating environment, including new competition, technological disruption, greater regulation and management missteps. However, the market as an extrapolation engine is selectively irrational around the continuum of operating environment changes:
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Mandate
How we invest your moneyThe Fund invests in units in the Underlying Fund. We employ a rigorous process in the selection of any underlying fund into which we invest, which focuses on a range of factors. The Underlying Fund was selected based on its investment strategy, which is supported by Antipodes Partners' sound investment process and philosophy and the strength of the Antipodes Partners organisation and its key personnel. The investment strategy of the Underlying Fund is to take advantage of the market's tendency for irrational extrapolation in response to changes in the operating environment, identify great businesses that are not valued as such and build high conviction portfolios with a capital preservation focus. Whilst the Underlying Fund primarily invests in international equities, the Underlying Fund's constitution permits a wide range of investments including but not limited to: cash and deposits; fixed income and debt securities; company securities other than shares (including options, convertible notes, rights and debentures); derivatives - exchange traded and over-the-counter (including options, participatory notes, futures and swaps for equity, fixed income, currency and credit default exposures); currency contracts; interests in managed investment schemes and collective investment vehicles; unlisted securities and securities that are not traded on a recognised market; bullion, land and other physical commodities. The Underlying Fund typically invests in a select number of attractively valued companies listed on global share markets (usually a minimum of 30 long holdings). The Fund may use derivatives predominantly to establish short positions in securities or market indices and thus reduce the Fund's net exposure to markets, and to hedge currencies. Derivatives may also be used to amplify high conviction ideas. In the absence of finding individual securities that meet Antipodes' investment criteria, cash may be held. The Fund aims to provide income and some capital growth over the long-term. Asset allocation
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