Antipodes Global Credit Opportunities Fund

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.

Net performance

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).

Performance chart

Cumulative performance (over selected time horizon)

        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

Key facts

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.
Unit price history

Unit price history

Distribution history

Distribution history

Portfolio profile as at 30th June 2025
Portfolio characteristics
Sector exposure (%)2
Geographical mix (%)1, 3
Security mix
1 Where possible, regions, countries and currencies classified on a look through basis. 2 GICS Classification. 3 Antipodes Partners classification.
Quarterly updates

For historical reports, please contact the Antipodes team

Invest

The minimum investment in the Antipodes Global Credit Opportunities Fund is $200,000 for new investors and $100,000 for existing investors.

Who may invest in the fund
This fund is open to wholesale investors from Australia and New Zealand only.
Important information

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.

Download the Information Memorandum (IM).

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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.

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

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The information contained on this page is intended solely for persons who are wholesale clients within the meaning of section 761G of the Corporations Act 2001 (Cth) (Wholesale Client). By ticking ‘I agree’ below, you confirm that you are:
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and by accessing this website, you will not contravene, or cause Antipodes Partners Limited or any of its affiliates to contravene, any law that seeks to regulate financial services or products in Australia or any other country and you accept all of the Terms and Conditions of Use of this website, which may be found here. By clicking “I agree” you confirm:


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By clicking I agree below, you confirm that you are a qualified / professional investor or equivalent in the relevant jurisdiction where the vehicle is permitted to be marketed to. You also confirm that by accessing this website, you will not contravene, or cause Antipodes or any of its affiliates to contravene, any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing this webpage and you accept all of the Terms of Use of this website, which may be found here.

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