Antipodes UCITS Funds

Fund and Investment Manager

The Antipodes Global Fund – Long – 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. The Fund supplement and associated documents were noted by the Central Bank of Ireland on 23 November 2017.

The S Class was seeded on 23 January 2018.

 

Index

The aim of the Fund is to achieve absolute returns in excess of the MSCI All Country World Net Index in USD (the Index) over the investment cycle (typically 3-5 years).

Fund and class information

The Fund’s base currency is USD

Shares Class

S Share Class USD
(Accumulating Shares)

I Share Class USD
(Accumulating Shares)

ISIN

IE00BFNKTG02

IE00BFNKTH19

Bloomberg ticker

ANGLUSU:ID

ANGLUIU:ID

Currency

USD

USD

Dealing frequency

Daily (T+3 settlement)

Daily (T+3 settlement)

Dealing deadline

12:00pm (Irish time) T-1

12:00pm (Irish time) T-1

Minimum initial amount

$50,000,000

$10,000,000

Minimum subsequent investments

$5,000,000

$1,000,000

Investment management fee1

0.85%

0.85%

Performance fee2

Nil

Nil

Voluntary cap on covered costs3

0.15%

0.15%

Voting shares

No

Yes

Open for investment

Yes

Yes

UK reporting fund

No

No

Registered in

UK & Ireland4

UK & Ireland4

1 As a percentage of the net asset value of the Fund attributable to the relevant Share Class per annum. 2 The Performance Fee will be calculated daily in respect of a semi-annual performance period ending on 30 June and 31 December each year (or the immediately preceding Business Day if not a Business Day) (each a Performance Period). The Performance Fee will accrue on each Dealing Day and be payable within one month of the end of the relevant Performance Period. The first calculation period shall begin at the end of the Initial Offer Period for the relevant Share Class (using the Initial Issue Price) and shall finish on the next following 30 June or 31 December, whichever is sooner. 3  This represents, as a percentage of the net asset value of the Fund attributable to each Share Class, the maximum amount of covered costs that can be paid out of the Fund to cover fees and expenses in a financial year, including any fees and expenses payable to the Custodian and the Administrator, but excluding Investment Manager and Performance Fees (if any). The Investment Manager has voluntarily undertaken to pay covered costs (fees and expenses of the Fund) to the extent necessary to ensure that the total fees and expenses in a financial year do not exceed the stated levels. The Investment Manager may terminate or modify any such voluntary agreement at any time at its sole discretion upon thirty (30) days’ notice in writing to the Shareholders. 4  Open to Institutional Investors only.

Unit prices and fund performance information (US$)

As at 31st July 2018

1 mth

3 mth

6 mth

YTD

Inception

Inception
p.a.

Inception
date

Absolute Performance (%)

Antipodes Global Fund - Long– UCITS (S Class)

2.4%

0.1%

-

-6.0%

-6.0%

-

23 Jan 2018

MSCI All Country World Index in USD

3.0%

2.6%

-

-3.5%

-3.5%

-

-

Over / (Under) performance

-0.6%

-2.5%

-

-2.5%

-2.5%

-

-

Key investment policies

  • The Fund aims to achieve its investment objective by primarily investing in a select number (usually a minimum 30) 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 may use derivative instruments for netting and hedging arrangements
  • The Fund cannot use derivative instruments to leverage portfolio exposure and the total exposure of the Fund to 100% of Net Asset Value to remain net long.

Further information is available in the Fund Prospectus and Supplement.

Literature and filings

Application forms

An application form for the Antipodes Global Fund - Long - UCITS can be requested by emailing the Funds Global Distribution Partner representative:
ucits@pinnacleinvestment.com

Pinnacle ICAV information & Fund Prospectus

Pinnacle ICAV is a Dublin registered open-ended investment vehicle with variable capital and segregated liability between its sub-fund. The ICAV was authorised by the Central Bank of Ireland on 5 May 2017.

Fund documents

Prospectus

Antipodes Global Fund - UCITS Supplement

Antipodes Global Fund - Long - UCITS Supplement

Financial Statements

Condensed Interim Report for 6 July to 31 December 2017

Policies & other disclosures

Remuneration Policy

Contact us

Global Distribution

Contact Person (UK/Europe):

Ben Cossey / Nick Keem

Street Address:

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

Contact Person (Asia Pacific):

Megan Jenner

Street Address:

L35, 60 Margaret Street, Sydney, NSW 2000, Australia

Pinnacle ICAV – Ireland

Registered Address:

25/28 North Wall Quay, IFSC, Dublin 1, Ireland