Please note the name of the Antipodes Global Value Active ETF changed from the Antipodes Global Shares (Quoted Managed Fund) on 31 March 2025.

Antipodes Global Value Active ETF

The Antipodes Global Value Active ETF (ASX:AGX1) is an exchange traded managed fund quoted on the ASX, otherwise known as an active ETF, offering investors access to a long only global securities portfolio via a single trade. There is no minimum investment and you can trade AGX1 units on the ASX like a normal share. Our fundamental, pragmatic value-focused approach focuses on buying great but undervalued companies and building a concentrated portfolio of at least 30 holdings.

*An indicative NAV per Unit (iNAV) will be published on the fund’s website throughout the ASX Trading Day. The iNAV will be based on the latest closing price of each security, and will take into account proxies (including futures) where a live price is unavailable (for example, if the relevant market is closed). The iNAV reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments selected on the basis of correlations with the underlying investments. The proxies and their correlations with underlying instruments are reviewed regularly and updated as required.

The Responsible Entity has appointed Solactive AG as an iNAV calculation agent to independently calculate and disseminate an iNAV. The iNAV represents the best estimate by the Responsible Entity or its appointed agents of the value per unit in the fund throughout the trading day. No assurance can be given that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the Responsible Entity nor its appointed agent shall be liable to any person who relies on the iNAV.

This product is intended for use as a core, minor or satellite allocation for a consumer who is seeking capital growth and has a high or very high risk and return profile for that portion of their investment portfolio. It is likely to be consistent with the financial situation and needs of a consumer with a 5-year investment timeframe and who is unlikely to need to withdraw their money on less than one week’s notice.

Indicative NAV*:

per unit as at
January 13, 2026 04:29:59 (pm)

$7.1405

1 second delayed price

NAV:
per unit as at
January 12, 2026 close of business

$7.1105

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Net performance

Net performance

Past performance is not a reliable indicator of future performance. Returns are calculated using the net asset value per unit at the start and end of the relevant period in AUD, with distributions reinvested, and net of applicable fees, costs and taxes (other than tax paid as an investor in the Fund).  The returns also do not reflect the transaction costs imposed on the creation and redemptions of Units, brokerage or spreads incurred by investors when buying or selling units on the ASX. 1Inception is 5 November 2018. 2Benchmark is MSCI All Country World Net Index in AUD. Investors who apply for units directly with the Responsible Entity may pay a different price per unit to an investor who purchases those units on the ASX at the same time, and such differences may have a material impact on the performance of that investment. The above performance reflects the performance of the Fund where units are purchased and redeemed directly with the Responsible Entity only.

Performance chart

Cumulative performance (over selected time horizon)

Past performance is not a reliable indicator of future performance. Returns are calculated using the net asset value per unit at the start and end of the relevant period in AUD, with distributions reinvested, and net of applicable fees, costs and taxes (other than tax paid as an investor in the Fund).  The returns also do not reflect the transaction costs imposed on the creation and redemptions of Units, brokerage or spreads incurred by investors when buying or selling units on the ASX.  Inception is 5 November 2018.  Benchmark is MSCI All Country World Net Index in AUD. Investors who apply for units directly with the Responsible Entity may pay a different price per unit to an investor who purchases those units on the ASX at the same time, and such differences may have a material impact on the performance of that investment. The above performance reflects the performance of the Fund where units are purchased and redeemed directly with the Responsible Entity only.

Key facts

ASX code AGX1
Investment manager Antipodes Partners Limited
Responsible entity Pinnacle Fund Services Limited 
Inception date 5 November 2018
Investment strategy Global Equity (consistent with Antipodes Global Value Fund)
Investment Objective The Fund aims to outperform the benchmark over the investment cycle (typically 3-5 years)
Benchmark MSCI All Country World Net Index in AUD
Suggested minimum investment period 5 years
Risk High
Portfolio Allocation1 75-100% Global Equities
0-25% Cash
Management fee 1.10% p.a.
Performance fee 15% of net return in excess of benchmark
Distribution Annually, 30 June
Share registry Automic Pty Limited
Market making agent Citigroup Global Markets Australia Pty Limited
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.

NAV history

NAV history

Distribution history

Distribution history

Distribution reinvestment plan

The Antipodes Global Value Active ETF Distribution Reinvestment Plan (“DRP”) provides investors with an optional and convenient service to acquire additional units in the Fund by reinvesting all or part of their 30 June annual distribution.

Key information summary

  • Your distributions on units of the Fund will be subject to the DRP and will be automatically reinvested in new units in the Fund unless you make an election to the contrary.
  • The issue price of units issued or transferred under the DRP will be the net asset value per Fund unit applicable to 30 June; or such other price as determined by the RE from time to time.
  • The number of DRP units acquired under the DRP will be based on the issue price per unit and rounded down to the nearest whole unit.
  • A statement will be sent to you as soon as practicable after each distribution payment, giving full details of your units reinvested.
  • You may change your level of participation or cancel your participation in the DRP at any time and from time to time, provided sufficient notice is given (in accordance with the DRP Rules contained herein).
  • Units in the Fund issued under the DRP rank equally with existing units of the Fund from the date of issue
ASX announcements

ASX announcements

For historical reports, please contact the Antipodes team
For historical reports, please contact the Antipodes team

Request for the latest research rating reports here

Portfolio profile as at 31st December 2025
Top 10 equity longs (%)
Sector exposure (%)2
Regional exposure (%)1, 3
1 Where possible, regions, countries and currencies classified on a look through basis. 2 GICS Classification. 3 Antipodes Partners classification.
Invest in AGX1
Antipodes Global Value Active ETF is an active ETF quoted on the ASX (ASX: AGX1).

This means you can buy and sell units in AGX1 through your online trading account or via your broker or licensed adviser in the same way that you trade shares in other ASX-listed companies.

You can view your AGX1 unitholding alongside any other direct shareholding you have.

As AGX1 is a quoted security, unitholders details are recorded by the unit registry, Automic Pty Limited. If you have any queries in relation to your unitholding, please contact Automic on 1300 902 587 (within Australia) or +61 2 7208 4521 (international) or via email: hello@automic.com.au

To allow us to communicate with you electronically and pay any distributions to your nominated bank account, we encourage you to confirm and update your details by visiting www.investor.automic.com.au.

To login for the first time, you will need your Holder Identification Number (HIN) or Security holder Reference Number (SRN) which can found on your holding statement. Please be sure to add your email address, phone number and banking instructions as all distributions will be paid via Electronic Funds Transfer.

Unitholders who would like to receive meeting-related documents such as notices of meeting and annual reports in physical form must notify the unit registry (Automic) online at https://investor.automic.com.au/ or by phone on 1300 902 587 (within Australia) or +61 2 7208 4521 (outside Australia). Unitholders who do not wish to receive annual reports or would like to receive meeting-related documents and annual reports in electronic form may also make their elections online or by phone.

In addition to any elections, unitholders may also make an ad hoc request for a particular document1 to be sent in physical or electronic form.

Unitholders who do not notify Automic of their election and have provided a valid email address to Automic will receive meeting-related documents and annual reports in electronic form.

Any elections made by unitholders before 1 April 2022 will continue to apply unless Pinnacle Fund Services Limited in its capacity as Responsible Entity or Automic advise otherwise.

1a document that relates to a meeting of the members of the registered scheme; a report mentioned in s314 of the Corporations Act, including a financial report, directors report and auditor’s report; a notice of members rights provided under s 110K of the Corporations Act; or a document prescribed by the Corporations Regulations 2001 (Cth).
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Ratings

Antipodes Global Value Active ETF has been rated “Highly Recommended” by Zenith Investment Partners, “Recommended” by Lonsec Research and received a Morningstar Analyst RatingTM of “Bronze“.

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 Value Active ETF (ARSN 625 560 269) (the ‘Fund’). 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). PFSL is not licensed to provide financial product advice.

The information contained in this webpage is general information only and does not take into account your objectives, financial situation or needs. Before making a decision to acquire, or continue to hold units in, the Fund, you should consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) as well as the Fund’s other periodic and continuous disclosure announcements lodged with the ASX which are available at www.asx.com.au. For historic TMDs, please contact Pinnacle Client Services via phone 1300 010 311 or email service@pinnacleinvestment.com. Any persons relying on this information should obtain professional advice before doing so and consider the appropriateness of the information having regard to your specific circumstances.

Past performance is not a reliable indicator of future performance and the repayment of capital is not guaranteed. The specific risks associated with investing in the Fund, and the risks associated with the Fund’s investments, are discussed in Section 5 of the PDS. Any opinions and forecasts reflect the judgment and assumptions of Antipodes and its representatives on the basis of information available as at the date of publication and may later change without notice.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Antipodes Global Value Active ETF assigned December 2025) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The rating issued 04/2025 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2024 Lonsec. All rights reserved.

The Morningstar Analyst Rating™ for the Antipodes Global Value Active ETF is ‘Bronze’ as of 3 July 2025.

© 2025 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘class service’ have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at https://www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 (“ASXO”).

Now available on the ASX: the Antipodes Global SMID Active ETF (ASX:MIDS)

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