Contrarius Global Equity Fund - Retail Class
Fund Overview
Investment objective
The Fund aims to earn a higher Total Rate of Return than the average of the world's equity markets, as represented by the MSCI World Index (including income). It aims to achieve this without greater risk of loss, over the long-term.
Fund description and investment strategy
The Fund aims to achieve its investment objective by employing Contrarius' valuation-based, contrarian investment philosophy to invest in selected global shares. Shares are selected following detailed proprietary research. Contrarius seeks to buy shares trading below their intrinsic value and which are considered to be attractive relative to other opportunities. Contrarius seeks to sell shares that it believes have reached their underlying intrinsic value or which are less attractive than other opportunities it has evaluated.
The Fund aims to be substantially fully invested in selected global equities and equity-related securities at all times. The Fund does not seek to replicate the Benchmark. The Fund is actively managed and its holdings may differ materially from the Benchmark in order to achieve its objective.
The Fund may be suitable for investors who:
- are seeking exposure to an actively managed global equity fund that invests in a portfolio of global equities and equity-related securities.
- 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 and Fee Class Details
| Fund Inception | 01 Jul 2018 |
| Benchmark | MSCI World Index (including income), expressed in AUD. |
| Fund Currency | Australian dollars |
| ARSN Number | 625 826 075 |
| Share Class | Retail Class |
| Class Inception | 01 Jul 2018 |
| APIR Code | ETL 4012 AU |
| ISIN Number | AU60ETL40127 |
| Investment Manager | Contrarius Investment Management Limited |
| Responsible Entity | Equity Trustees Limited |
| Administrator and Custodian | BNP Paribas Australia |
| Strategy Size | AU$ 2.7 billion (30 May 2025) |
| Fund Size | AU$ 48.7 million (30 May 2025) |
| Fund NAV | AU$ 8.99 (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
Recommended -
Lonsec Research
Performance
The returns from 1 January 2009 until 30 June 2018 are illustrative and based on the performance history of the Contrarius Global Equity Fund (Ireland) after applying the investment management fee applicable to the relevant fee class. The Contrarius Global Equity 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 1 July 2018 are actual returns. Returns for more than one year are annualised.
|
Contrarius Global Equity Fund - Retail Class, net
AU$ (%) |
MSCI World Index
AU$ (%) |
Average Global Equity Fund
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 Equity Fund (illustrative) | 16.2 | 10.9 | - | - | - | - | - | |
| Contrarius Global Equity Fund (actual) | - | - | 26.1 | 7.2 | 19.8 | (4.3) | 8.6 | |
| MSCI World Index | 11.8 | 11.9 | 14.6 | 17.4 | 15.1 | 0.1 | 4.5 | |
| Net of Fees | ||||||||
| Contrarius Global Equity Fund - Retail Class (illustrative) | 13.4 | 9.3 | - | - | - | - | - | |
| Contrarius Global Equity Fund - Retail Class (actual) | - | - | 24.9 | 6.2 | 18.7 | (4.5) | 8.5 | |
| Average Global Equity Fund | 9.1 | 9.0 | 11.5 | 14.3 | 12.5 | 0.5 | ||
The Fund is registered with the Australian Securities and Investments Commission as the Contrarius Global Equity 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 | 9.6 |
| 2 | Paramount Global - B | 9.1 |
| 3 | Warner Bros. Discovery | 8.6 |
| 4 | NVIDIA | 6.8 |
| 5 | Swatch Group | 4.5 |
| 6 | TSMC - ADR | 4.3 |
| 7 | Kering | 3.7 |
| 8 | Fox | 3.6 |
| 9 | Estée Lauder Companies | 3.5 |
| 10 | Caesars Entertainment | 3.4 |
| Total | 57.1 | |
| Sector Exposure | |
| Sector | % Fund |
| Communication Services | 27.6 |
| Consumer Discretionary | 34.1 |
| Consumer Staples | 5.3 |
| Energy | 1.0 |
| Financials | 6.5 |
| Health Care | 1.1 |
| Industrials | 0.9 |
| Information Technology | 21.4 |
| Materials | 1.2 |
| Real Estate | 0.0 |
| Utilities | 0.0 |
| Net Current Assets | 1.0 |
| Total | 100.0 |
| Geographic Exposure | |
| Region | % Fund |
| Europe | 14.7 |
| Japan | 0.2 |
| North America | 74.0 |
| Other | 1.0 |
| Asia ex-Japan | 9.2 |
| Net Current Assets | 1.0 |
| Total | 100.0 |
Totals may not sum due to rounding.
How to Invest
Invest Directly:
You can invest directly in Contrarius Global Equity 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:
Invest through a platform. The Contrarius Global Equity Fund - Retail Class is available on the following platforms:
- Mason Stevens
Please contact the platform directly for further details. If the fund you are interested in is not available on your preferred 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 Global Equity Strategy is the MSCI World Index, including the reinvestment of net income ("MSCI World Index"). The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com)
Average fund data source is © 2025 Morningstar Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Average fund returns are not shown for the latest month as high price volatility and late fund reporting regularly cause them to be significantly restated by Morningstar. The latest average fund index sourced from Morningstar is for 29 May 2025. To allow comparison of returns to a common date the average fund index has been extended to reflect the subsequent movement of the Benchmark Index. The Average Global Equity Fund is comprised of Global Large-Cap Blend Equity funds which invest principally in the equities of large-cap companies from around the globe as defined by Morningstar.
Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the Responsible Entity for the Contrarius Global Equity Fund (Australia Registered) (ARSN 625 826 075). 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).
