Please note the name of the Antipodes Global Credit Opportunities Fund changed from the IAM Global Credit Opportunities Fund on 4 July 2024.
The Antipodes Global Credit Opportunities Fund seeks to generate positive absolute returns comprising income and capital appreciation by investing in global credit markets. Credit investments are selected on a bottom-up basis with a strong focus on capital preservation and income generation.
| Investment manager | Antipodes Partners Limited |
| Responsible entity | Pinnacle Fund Services Limited |
| Strategy | Global Credit |
| Investment objective | The aim of the Fund is to deliver 8% to 10% per annum over 3-5 years. |
| Suggested minimum investment period | 3 to 5 years |
| Risk | Medium |
| Portfolio Allocation1 |
0-100% High yield bonds 0-100% Leveraged loans 0-100% Investment grade bonds 0-100% Government bonds 0-100% Asset Backed Securities – rating of AAA to BBB 0-40% Asset Backed Securities – rating below BBB 0-40% Preferred and Capital Securities 0-40% Convertible Bonds 0- 0-10% Global equities 2.5%-100% Cash |
| Dealing frequency & cut-off | Monthly, month end (subject to 30 days’ notice) |
| Registration | Australia |
| Distribution frequency | Quarterly |
| Minimum initial investment | A$200,000 |
| Minimum additional investment | A$100,000 |
| Strategy inception date | December 2017 |
1The portfolio allocation ranges provided are indicative only. The Fund will be rebalanced within a reasonable period of time should the exposure move outside these ranges.
Net performance
1 To show performance since the Strategy’s inception, the returns from 1 December 2017 – 31 May 2021 under the River Capital Global Capital Opportunities Fund (USD, unhedged) have been converted to AUD and include a simulated 100% AUD to USD hedge. From 1 May 2021 – 21 May 2023 the Fund was known as the River Capital Liquid Credit Fund (AUD, 100% hedged). From 22 May 2023 – 30 June 2024 the Fund was known as the IAM Funds Global Credit Opportunities Fund (AUD, 100% hedged).
Antipodes Global Credit Opportunities Fund
Returns greater than 1 year are annualised. Past performance is no indication of future performance. Calculations are based on exit price with distributions reinvested
Unit price history
Distribution history
1 Where possible, regions, countries and currencies classified on a look through basis. 2 GICS Classification. 3 Antipodes Partners classification.
For historical reports, please contact the Antipodes team
The minimum investment in the Antipodes Global Credit Opportunities Fund is $200,000 for new investors and $100,000 for existing investors.
This fund is open to investors from Australia and New Zealand to wholesale investors only.
It is a legal requirement to download and read the Information Memorandum before proceeding and we recommend that you consult a licensed financial advisor before making investment decisions.
Investors can login below to view their investments.
Portfolio Manager, Head of Credit
Senior Investment Analyst
Important information
This webpage is prepared by Antipodes Partners Limited (‘Antipodes’) (ABN 29 602 042 035, AFSL 481 580) as the investment manager of the Antipodes Global Credit Opportunities Fund (the ‘Fund’) and is intended for wholesale clients only. Pinnacle Fund Services Limited (‘PFSL’) (ABN 29 082 494 362, AFSL 238371) is the product issuer of the Fund and is a wholly owned subsidiary of Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22 100 325 184).
Past performance is not a reliable indicator of future performance and the repayment of capital is not guaranteed. Any opinions and forecasts reflect the judgment and assumptions of Antipodes and its representatives based on information available as at the date of publication and may later change without notice.
Whilst Antipodes, PFSL and Pinnacle believe the information contained in this communication is reliable, no warranty is given as to its accuracy, reliability or completeness and persons relying on this information do so at their own risk. To the extent permitted by law, Antipodes, PFSL and Pinnacle disclaim all liability to any person relying on the information contained in this communication in respect of any loss or damage (including consequential loss or damage), however caused, which may be suffered or arise directly or indirectly in respect of such information. Unauthorised use, copying, distribution, replication, posting, transmitting, publication, display, or reproduction in whole or in part of the information contained in this communication is prohibited without obtaining prior written permission from Antipodes.