Contrarius Australia Balanced Fund
Fund Overview
Investment objective
The Fund aims to achieve long term returns that are higher than the Benchmark. In doing so, it aims to balance capital growth, income generation and risk of loss, using a mix of assets.
Fund description
The Contrarius Australia Balanced Fund is an actively managed asset allocation fund that invests in a diversified portfolio of equities, fixed income and commodity-linked investments from Australia and globally.
The Fund primarily invests in listed equities and equity related securities, fixed income instruments and commodity-linked instruments. The Fund primarily gains its exposure to global assets by investing in the Contrarius Global Balanced Fund (Australia Registered) which follows a similar investment strategy.
Investment strategy
The Fund employs the Contrarius valuation-based, contrarian investment philosophy to identify investments that are undervalued relative to their assessed intrinsic value. The Fund has the flexibility to take advantage of opportunities across asset classes and regions, subject to defined investment guidelines.
The Fund may be suitable for investors who:
- seek exposure to an actively managed asset allocation fund that typically invests in a portfolio of Australian and global equities, fixed income instruments, commodity-linked instruments and cash.
- seek capital growth over the long term
- plan to stay invested for at least 5 years
- have a high risk and return profile
- intend to use the Fund as a part of a portfolio of investments
Fund Details
| Fund Inception | 16 May 2023 |
| Benchmark |
Composite Benchmark: 36% S&P/ASX 300 Accumulation Index, 24% S&P/ASX iBoxx Australian Government Index, 24% MSCI World Index (net dividends reinvested), 16% J.P. Morgan Global Government Bond Index, each expressed in Australian Dollars. |
| Fund Currency | Australian dollars |
| ARSN Number | 664 224 604 |
| APIR Code | ETL5055AU |
| ISIN Number | AU60ETL50555 |
| Investment Manager | Contrarius Investment Advisory Pty Limited |
| Responsible Entity | Equity Trustees Limited |
| Administrator and Custodian | BNP Paribas Australia |
| Fund Size | AU$ 11.9 million (31 Jul 2025) |
| Fund NAV | AU$ 1.1419 (14 Aug 2025) |
| Pricing Frequency | Daily |
| Distribution Frequency | Annual |
| Minimum Initial Investment | AU$ 10,000 |
| Minimum Subsequent Transaction | AU$ 1,000 |
| Buy/Sell Spread | +/- 0.20% |
| Base Fee † | 0.75% p.a. of NAV |
| Performance Fee † | 20.00% of outperformance, subject to relative high watermark since inception |
† The Fund's base fee and performance fee are only calculated on those assets invested directly by Contrarius Australia and held directly by the Fund. Investors in the Fund will indirectly bear management fees and/or performance fees payable in interposed vehicles. The Contrarius Global Balanced Fund (Australia Registered) has a base fee of 0.75% per annum of the NAV, and a performance fee of 25.00% of outperformance of the Global Fund benchmark (after deduction of management fees and costs), subject to a since inception relative high watermark. Please refer to the “Fees and Costs Summary” in the Fund's Product Disclosure Statement for more information.
Documents
Monthly Fact Sheet
Quarterly Commentary
Performance
|
Contrarius Australia Balanced Fund - Class A, net
AU$ (%) |
Custom Benchmark
AU$ (%) |
|
| Performance in AU$ to 14 Aug 2025 |
Since Fund Inception 16 May 2023 | Latest 1 Year |
Last 3 Months |
Latest 1 Month |
Graph Selection |
| Gross of Fees | |||||
| Contrarius Australia Balanced Fund | 10.9 | 31.0 | 10.2 | 5.0 | |
| Custom Benchmark | 11.3 | 13.5 | 6.0 | 2.8 | |
| Net of Fees | |||||
| Contrarius Australia Balanced Fund - Class A | 10.2 | 30.7 | 10.1 | 5.0 |
The Fund is registered with the Australian Securities and Investments Commission as the Contrarius Australia Balanced Fund.
Gross returns are calculated gross of all income, assume reinvestment of distributions and are net of expenses excluding investment management fees. Net returns are calculated gross of all income, assume reinvestment of distributions, are net of expenses and investment management fees and exclude the buy/sell spread. Returns are based on valuations using prices at market close. Returns for periods of less than one year are not annualised. While we have endeavoured to ensure the accuracy of the information herein, such information is not guaranteed as to accuracy or completeness.
Past performance is not indicative of future performance. The value of investments may go down as well as up and investors may not get back the amount invested. Contrarius Australia Funds’ share prices fluctuate and are not guaranteed. Returns may decrease or increase as a result of currency fluctuations. There is no guarantee that an investor's capital will be preserved.
Holdings and Exposures
As at 31 Jul 2025
| Top 10 Holdings | ||
| Rank | Security | % Fund |
| 1 | Tesla | 5.0 |
| 2 | Warner Bros. Discovery | 4.9 |
| 3 | Paramount Global - B | 4.8 |
| 4 | Global X Physical Gold | 4.6 |
| 5 | NVIDIA | 3.6 |
| 6 | Australian Government Bond 10 Years | 3.0 |
| 7 | Block | 2.9 |
| 8 | Alibaba Group Holding - ADR | 2.7 |
| 9 | Tabcorp Holdings | 2.4 |
| 10 | US Treasuries 30 Years | 2.4 |
| Total | 36.4 | |
| Equity Sector Exposure | |
| Sector | % Equities |
| Communication Services | 25.3 |
| Consumer Discretionary | 26.5 |
| Consumer Staples | 3.1 |
| Energy | 3.6 |
| Financials | 8.1 |
| Health Care | 2.7 |
| Industrials | 1.3 |
| Information Technology | 14.2 |
| Materials | 15.3 |
| Real Estate | 0.0 |
| Utilities | 0.0 |
| Total | 100.0 |
| Asset Allocation (% Fund) | |||
| Asset Class | Total | Australia | Foreign |
| Net Equities | 72.9 | 27.1 | 45.8 |
| Hedged Equities | 10.0 | 0.0 | 10.0 |
| Commodity-linked | 7.0 | 4.6 | 2.3 |
| Fixed interest | 6.9 | 4.5 | 2.4 |
| Cash and cash equivalents | 3.3 | 0.7 | 2.5 |
| Total | 100.0 | 37.0 | 63.0 |
Totals may not sum due to rounding.
The Fund may gain its exposure to foreign securities by way of investment in units of Contrarius Global Balanced Fund (Australia Registered). Where applicable, underlying holdings of this fund are included on a look-through basis.
How to Invest
Invest Directly:
You can invest directly in Contrarius Australia Balanced Fund by completing and submitting the relevant forms.
If you are a new investor, please post your original signed Application Form and Identification Form, together with original certified copies of the relevant identification documents to us at:
Contrarius Funds Unit Registry
GPO Box 804
Melbourne VIC 3001
Please refer to the Application Form or Additional Investment Form for information on the minimum investment and minimum subsequent transaction amounts applicable to the fund and fee class you wish to invest in.
If you require financial advice or need more information about the nature of investment funds, please contact your registered financial advisor.
Platforms:
If you wish to invest in the Contrarius Australia Balanced Fund via an investment platform, please speak to your financial advisor, or contact us at clientservice@contrarius.com.au.
Important Information for Investors
This website has been prepared by Contrarius Investment Advisory Pty Limited (ABN 48 618 145 449, AFSL 506315) ("Contrarius Australia") to provide you with general information only. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Contrarius Australia, Equity Trustees nor any of its related parties, their employees or directors, provide and warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Past performance should not be taken as an indicator of future performance. You should read and understand the Fund's Product Disclosure Statement and Target Market Determination before making a decision about whether to invest in this product.
The benchmark for the Contrarius Australia Asset Allocation Strategy is a composite index consisting of 36% S&P/ASX 300 Accumulation Index, 24% S&P/ASX iBoxx Australian Government Index, including reinvested coupons, 24% MSCI World Index, including reinvested net income, and 16% J.P. Morgan Global Government Bond Index, including reinvested coupons, each in Australian dollars ("Custom Benchmark"). The benchmark is rebalanced daily.
Prior to 1 July 2025, the Australian fixed income index component of the custom benchmark was the S&P/ASX Australian Government Bond Index, and the benchmark data reflects this.
The Custom Benchmark Index values are calculated by BNP Paribas Australia using end of day index level values licensed from S&P Dow Jones, MSCI and J.P. Morgan. S&P/ASX 300 Accumulation Index, S&P/ASX iBoxx Australian Government Index (“Indexes”) and associated data are a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Contrarius Australia. © 2025 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Neither S&P Dow Jones Indices LLC, SPFS, Dow Jones, their affiliates nor their licensors (“S&P DJI”) make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P DJI shall have no liability for any errors, omissions, or interruptions of any index or the data included therein. MSCI World Index ("MSCI Data"): For the avoidance of doubt, MSCI is not the benchmark “administrator” for, or a “contributor”, ”submitter” or “supervised contributor” to, the blended returns, and the MSCI Data is not considered a “contribution” or “submission” in relation to the blended returns, as those terms may be defined in any rules, laws, regulations, legislation or international standards. MSCI Data is provided “as is” without warranty or liability and no copying or distribution is permitted. MSCI does not make any representation regarding the advisability of any investment or strategy and does not sponsor, promote, issue, sell or otherwise recommend or endorse any investment or strategy, including any financial products or strategies based on, tracking or otherwise utilising any MSCI Data, models, analytics or other materials or information. J.P. Morgan Global Government Bond Index (the “GBI Global Index”): Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. The GBI Global Index is used with permission. Copyright 2025, J.P. Morgan Chase & Co. All rights reserved. The 60/40 Index may not be copied, used, or distributed without prior written approval.
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298, AFSL No. 240975), is the Responsible Entity for the Contrarius Australia Balanced Fund (ARSN 664 226 331). Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT).
