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Antipodes Global Fund – UCITS

The aim of the fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in $US over a typical investment cycle of three to five years. The fund aims to achieve this objective primarily by investing in a select number, (usually between 30 and 150), of attractively valued companies that are listed on regulated markets.

Fund and investment manager

The Antipodes Global Fund – UCITS (the “Fund”) is managed by Antipodes Partners Limited (the “Investment Manager”). The Fund is a sub-fund of Pinnacle ICAV (the “ICAV”) and was authorised by the Central Bank of Ireland on 5 May 2017.

Fund facts & class information

The function of the information agent in Germany has been assumed by: GerFlS German Fund lnformation Service UG (Haftungsbeschränkt), Zum Eichhagen 4, 21382 Brietlingen. Copies of the Instrument of Incorporation, the Prospectus (as amended and supplemented to), the Supplement for the Fund, the Key Investor Information Documents and the annual as well as semi-annual reports are available free of charge in paper form at the registered office of the Information Agent. The subscription and redemption prices are also available free of charge at the Information Agent.

Key investment policies

  • The Fund aims to achieve its investment objective by primarily investing in a select number (usually between 30 and 150) of attractively valued companies listed on the Regulated Markets.
  • Investments will not be made by reference to any benchmark or index or limited to any particular industry or sector and will be chosen based on the investment methodology described in the Fund Supplement.
  • There is no geographical focus in respect of any category of investment by the Fund and the Fund may invest in excess of 20% of its Net Asset Value in emerging market countries (including Russia).
  • The Fund invests in derivative instruments for one or more of the following reasons:
    • for risk management purposes to either increase or decrease the Fund’s exposure to markets and establish currency positions;
    • to take opportunities that may increase the returns of the Fund;
    • with a view to reducing transaction and administrative costs (e.g. the use of an equity swap to establish a short position in a security);
    • to take up positions in securities that may otherwise not be readily available (e.g. access to a stock market where foreign investors face
      restrictions); and
    • to assist in the management of the Fund’s cash flows (e.g. certain stock markets may require pre-funding of stock purchases that may be
      avoided through the use of derivatives).
  • The Fund may take synthetic short positions to manage risk and exposure and to capitalise on attractive risk/reward opportunities.
  • While the Fund may be leveraged through the use of financial derivative instruments, any such leverage will not exceed 100% of its Net Asset Value.
  • The Fund may take both long and, through the use of derivative instruments, short positions, and is typically expected to be within the range of 50%-150% long and 0%-50% short of the Fund’s Net Asset Value.
  • Further information is available in the Fund Prospectus and Supplement.

Net performance

DATE PERIOD I Class Benchmark Difference
31 Aug 2023 1 Month 3.4 1.7 1.7
31 Aug 2023 3 Month 6.6 5.8 0.8
31 Aug 2023 Year to Date 3.5 18.9 -15.4
31 Aug 2023 1 Year NA NA NA
31 Aug 2023 2 Year p.a. NA NA NA
31 Aug 2023 3 Year p.a. NA NA NA
31 Aug 2023 5 Year p.a. NA NA NA
31 Aug 2023 7 Year p.a. NA NA NA
31 Aug 2023 Inception p.a.
31 Aug 2023 Inception 3.5 18.9 -15.4

Performance chart

All returns are net of fees and in EUR. Calculations are based on NAV price with distributions reinvested, after ongoing fees and expenses but excluding taxation. Past performance is not a reliable indicator of future performance. 1 The Antipodes Global Fund – UCITS (I Class) – EUR was established 7 Feb 2019.

Unit price history

The net asset value (NAV) per share prices in these tables relate to the different share classes that are available within Antipodes Global Fund – UCITS. The share classes have significantly different attributes – currency, fees, voting rights, availability and tax reporting status depending on jurisdiction. Please ensure you are fully informed of these differences before making any investment decisions.

Unit price history

Country registrations and marketing documentation

Monthly updates

For historical reports, please contact the Antipodes team

Quarterly updates

For historical reports, please contact the Antipodes team

Financial statement

For historical reports, please contact the Antipodes team

Policies & other disclosures

Investing in Antipodes Global Fund - UCITS

Please read the Prospectus and Key Investor Information Documents (KIIDs) before making any investment decision. Enquiries concerning the Fund and the Shares, including the Prospectus or subscription and redemption procedures should be directed to our Global Distributor:

Global Distributor

Pinnacle Investment Management Limited
Level 35, 60 Margaret Street
Sydney NSW 2000 Australia
Email us.

Contact us

UK/Europe:

Ben Cossey / Nick Keem
Email us

6th Floor, Nova North
11 Bressenden Place SW1E 5BY
United Kingdom

Asia Pacific:

Megan Jenner
Email

L35, 60 Margaret Street
Sydney, NSW 2000
Australia

Pinnacle ICAV – Ireland

25/28 North Wall Quay
IFSC, Dublin 1
Ireland

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