Antipodes Global Fund

The fund features a very flexible approach to investing in global shares with the aim of generating strong risk-adjusted returns over the medium to long-term. In addition to a portfolio of at least 30 attractively valued companies, the fund also uses derivatives and short selling with the aim of profiting from both rising, as well as falling, share prices. The fund’s exposure to foreign currencies is actively managed with the aim of mitigating risk while enhancing returns.

This product is intended for use as a core allocation for a consumer who is seeking capital growth and has a 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.

Key facts

Investment manager Antipodes Partners Limited
Responsible entity Pinnacle Investment Management Limited
Strategy Global Equity Long Short
Investment Objective The aim of the Fund is 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 50-100% Global Equities
0-50% Cash Equivalent Investments
Registration Australia & New Zealand
Dealing frequency & cut-off Daily / 12pm Sydney
Distribution frequency Annually, 30 June
Minimum initial investment A$25,000
Minimum additional investment A$5,000
Strategy inception date July 2015
ARSN 087 719 515
Bloomberg code IOOFIWS:AU
ASX mFund code AGP02

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

All returns are net of fees and in AUD terms. Past performance is not a reliable indicator of future performance. 1The inception date is the date that the current investment strategy was adopted (1 July 2015). Antipodes Global Fund was established in June 1999. 2 MSCI All Country World Net Index in AUD.

Performance chart

Cumulative performance (over selected time horizon)

All returns are net of fees and in AUD terms. Calculations are based on exit price with distributions reinvested, after ongoing fees and expenses but excluding taxation. Past performance is not a reliable indicator of future performance. The inception date is the date that the current investment strategy was adopted (1 July 2015). Antipodes Global Fund was established in June 1999.

Unit price history

Distribution history

Portfolio profile as at 30th April 2024

Top 10 equity longs (%)

Sector exposure (%)2

Currency exposure (%)1, 3

Regional exposure (%)1, 3

1 Where possible, regions, countries and currencies classified on a look through basis. 2 GICS Classification. 3 Antipodes Partners classification.

Monthly updates

For historical reports, please contact the Antipodes team

Quarterly updates

For historical reports, please contact the Antipodes team

Annual Financial Statement

Other Documents


If you are applying online, or using paper application forms, the minimum investment in the Antipodes Global Fund is $25,000 for new investors and $5,000 for existing investors. However, if you choose to invest on line through the ASX mFund service, these restrictions do not apply.

Who may invest in the fund

This fund is open to investors from Australia and New Zealand. For international investors, please visit our international page for investment options.

Online applications are available for individuals, partnerships, SMSFs, superannuation funds and other regulated trusts and companies. Applications for unregulated trusts, (such as family and testamentary trusts) cannot be completed online and should make use of the paper based application form in the ‘All forms’ section of this page.

Important Information

It is a legal requirement to download and read the Product Disclosure Statement before proceeding and we recommend that you consult a licensed financial advisor before making investment decisions.

Download Product Disclosure Statement (PDS).

Download Target Market Determination (TMD).

Apply online

The application below allows you to open an account with our distribution partner; Pinnacle Investment Management Group Pty Ltd (‘Pinnacle’), who focus on providing superior investment services and delivering investment excellence.

  1. Select your account type
  2. Complete the application form, selecting the relevant fund
  3. Verify your identity online (use your Drivers Licence)
  4. Submit the application
  5. Separately make a secure payment from your bank account to the Trustee

Receive live email notifications as the application is processed.

Financial advisers:

Apply online

Individual investors:

Apply online


Apply online via broker

Purchase, top-up or sell a managed fund investment online using the ASX settlement systems.
ASX Code: AGP02 Antipodes Global Fund

  1. Check your Online Broker supports MFUNDs
  2. Log-in and complete the form
  3. Submit the form

Ensure your brokerage account has the necessary funds to settle.
Ideal for investors who already have an online brokerage account.

Apply via a paper form

Purchase, top-up or sell a managed fund investment the familiar way.

  1. Download an application form here
  2. Complete the application form & sign
  3. Provide certified copies of your identity to verify your identity
  4. Post original form and certified documents to:
    Antipodes Global Fund
    C/ Citi Unit Registry Australia
    GPO 764
    VIC 3001
  5. Separately make a secure payment from your bank account to the Trustee

Download an application form.


The Antipodes Global Fund 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 Fund (ARSN 087 719 515) (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). For historic TMDs, please contact Pinnacle Client Services via phone 1300 010 311 or email 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 6 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 Fund assigned November 2022) 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 04/2023 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 for ratings information and to access the full report. © 2023 Lonsec. All rights reserved.

The Morningstar Analyst Rating™ for the Antipodes Global Fund is ‘Bronze’ as of 5 April 2023.

© 2023 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 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”).