Contrarius Global Balanced Fund
Fund Overview
Investment objective
The Fund aims, over the long-term, to earn a higher Total Rate of Return than its benchmark 60/40 Index. In doing so, it aims to balance capital growth, income generation and risk of loss, using a mix of global assets.
Fund description and investment strategy
The Fund is an actively managed asset allocation funds that seeks to achieve this objective using a mix of global assets to balance capital growth, income generation and risk of loss. The Fund invests in a mix of asset classes including shares, fixed income securities, commodity-linked securities and cash, subject to defined investment guidelines.
The Fund employs the Contrarius valuation-based, contrarian investment philosophy to identify investments that are assessed to be the most attractive value and offer a risk-adjusted return potential that we believe to be superior to the Fund’s Benchmark.
The Fund may be suitable for investors who:
- seek exposure to an actively managed flexible asset allocation fund that typically invests in a portfolio of 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 to very 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 |
60% MSCI World Index (including income), 40% J.P. Morgan Global Government Bond Index, each expressed in AUD. |
| Fund Currency | Australian dollars |
| ARSN Number | 664 222 646 |
| APIR Code | ETL 5212 AU |
| ISIN Number | AU60ETL52122 |
| Investment Manager | Contrarius Investment Management Limited |
| Responsible Entity | Equity Trustees Limited |
| Administrator and Custodian | BNP Paribas Australia |
| Strategy Size | AU$ 168.4 million (30 May 2025) |
| Fund Size | AU$ 8.0 million (30 May 2025) |
| Fund NAV | AU$ 11.34 (05 Jun 2025) |
| Pricing Frequency | Daily |
| Distribution Frequency | Annual |
| Minimum Initial Investment | AU$ 10,000 |
| Minimum Subsequent Transaction | AU$ 1,000 |
| Buy/Sell Spread | +/- 0.25% |
| Base Fee | 0.75% p.a. of NAV |
| Performance Fee | 25.00% of outperformance, subject to relative high watermark since inception |
Documents
Monthly Fact Sheet
Quarterly Commentary
Ratings
Investment Grade -
Lonsec Research
Performance
The returns from 1 January 2009 until 15 May 2023 are illustrative and based on the performance history of the Contrarius Global Balanced Fund (Ireland) after applying the investment management fee applicable to the relevant fee class. The Contrarius Global Balanced Fund (Ireland) is a sub-fund of Contrarius ICAV, a UCITS fund established as an open ended Irish Collective Asset-management Vehicle that follows the same strategy. The returns for the Retail Class from 16 May 2023 are actual returns. Returns for more than one year are annualised.
|
Contrarius Global Balanced Fund - Retail Class, net
AU$ (%) |
60/40 Index
AU$ (%) |
|
| Performance in AU$ to 05 Jun 2025 |
Since Strategy Inception 01 Jan 2009 | Last 10 Years |
Last 5 Years |
Last 3 Years |
Latest 1 Year |
Last 3 Months |
Latest 1 Month |
Graph Selection |
| Gross of Fees | ||||||||
| Contrarius Global Balanced Fund (illustrative) | 12.0 | 8.2 | 22.4 | 7.1 | - | - | - | |
| Contrarius Global Balanced Fund (actual) | - | - | - | - | 18.2 | (3.7) | 7.1 | |
| 60/40 Index | 7.7 | 8.3 | 8.3 | 11.9 | 12.3 | 0.2 | 2.5 | |
| Net of Fees | ||||||||
| Contrarius Global Balanced Fund - Retail Class (illustrative) | 9.3 | 6.5 | 20.5 | 5.1 | - | - | - | |
| Contrarius Global Balanced Fund - Retail Class (actual) | - | - | - | - | 17.1 | (3.9) | 7.1 | |
The Fund is registered with the Australian Securities and Investments Commission as the Contrarius Global Balanced Fund (Australia Registered).
The chart above is illustrative and shows the value of AU$10,000 had it been invested in the Fund's Retail Class, the benchmark, and the peer group over the selected period. Illustrative returns were calculated using US$ unit prices converted into AU$ at London 18h00 spot exchange rates sourced from Bloomberg at each valuation point.
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 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 May 2025
| Top 10 Holdings | ||
| Rank | Security | % Fund |
| 1 | Tesla | 8.5 |
| 2 | Paramount Global - B | 8.2 |
| 3 | Warner Bros. Discovery | 7.7 |
| 4 | NVIDIA | 6.0 |
| 5 | US Treasuries 30 Years | 4.1 |
| 6 | Swatch Group | 4.1 |
| 7 | TSMC - ADR | 3.8 |
| 8 | Kering | 3.3 |
| 9 | Fox | 3.2 |
| 10 | Estée Lauder Companies | 3.1 |
| Total | 52.0 | |
| Equity Sector Exposure | |
| Sector | % Equities |
| Communication Services | 27.8 |
| Consumer Discretionary | 34.5 |
| Consumer Staples | 5.3 |
| Energy | 1.0 |
| Financials | 6.6 |
| Health Care | 1.1 |
| Industrials | 0.9 |
| Information Technology | 21.6 |
| Materials | 1.2 |
| Real Estate | 0.0 |
| Utilities | 0.0 |
| Total | 100.0 |
| Asset Allocation | |
| Asset Class | % Fund |
| Net Equities | 72.5 |
| Hedged Equities | 16.0 |
| Commodity-linked | 4.0 |
| Fixed interest | 4.1 |
| Cash and cash equivalents | 3.5 |
| Total | 100.0 |
Totals may not sum due to rounding.
How to Invest
Invest Directly:
You can invest directly in Contrarius Global 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 Global 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 Fund is a composite index consisting of 60% MSCI World Index, including the reinvestment of net income, expressed in Australian Dollars and 40% J.P. Morgan Global Government Bond Index, including reinvested coupons, expressed in Australian Dollars ("60/40 Index"). The benchmark is rebalanced daily.
60/40 Index: The 60/40 Index values are calculated by Contrarius using end of day index level values licensed from MSCI and J.P. Morgan. 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 240975, is the Responsible Entity for the Contrarius Global Balanced Fund (Australia Registered) (ARSN 664 222 646). 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).
