6 9
ETL8831AU
AUD 1.1108
AUD 0.0033 As of 05-Dec-25
AUD 4M
As of 31-Oct-25

Global Contrarian Equity Trust

ETL8831AU
AUD 0.0033 As of 05-Dec-25
As of 31-Oct-25
ETL8831AU
AUD  1.1108
AUD 0.0033 As of 05-Dec-25
AUD 4M
As of 31-Oct-25

Investment Objective

The Trust aims to seek capital appreciation over a full market cycle (before fees, taxes and expenses) by investing in a diversified portfolio of global equity securities of companies located in developed and Emerging Market countries.

Investment Focus

Emphasis on valuation, balance sheet leverage and maintaining a suitable margin of safety

Focus on investments in companies with medium to large market capitalizations, but may invest in companies of any size

Seeks to identify investment opportunities trading at a significant discount to their intrinsic value, due to adverse market sentiment, operating difficulties or going through a transition

Trust Facts

  • Inception Date 12-Mar-2025
  • ARSN 683 495 052
  • APIR ETL8831AU
  • Net Assets (AUD M) As of 31-Oct-25 AUD4.06
  • Exit Price As of 05-Dec-25 AUD1.1108
  • Most Recent Exit Price Change As of 05-Dec-25 AUD0.0033 | 0.30%
  • Management Fee 0.77%
  • Buy/Sell Spread 0.20%
  • Benchmark MSCI World Value Index (net div)

Managers

Top 10 Holdings

As of 31-Oct-25

  • DAVIDE CAMPARI-MILANO NV
  • DEUTSCHE POST AG
  • SAMSUNG ELECTRONICS CO LTD
  • CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
  • BECTON DICKINSON AND CO (EQ)
  • IMCD NV (EQ)
  • VEOLIA ENVIRONNEMENT SA
  • CANADIAN PACIFIC KANSAS CITY LTD
  • JOHNSON & JOHNSON
  • ZALANDO SE

Important Risk Considerations

All investments carry risks. Different investment strategies may carry different levels of risk, depending on the assets acquired under the strategy.

Please see the Product Disclosure Statement and Reference Guide for detailed risk considerations.

Performance

Total Return

Total Return (%)

Monthly | Quarterly

As of 30-Sep-25

(*YTD Updated Monthly, As of 30-Nov-25 , subject to revision and not annualized.)
    OVERALL
    NA
    OVERALL MORNINGSTAR RATING
    NA
    THREE YEAR
    NA
    FIVE YEAR
    NA
    TEN YEAR
    NA

    Important Performance Information

    Past performance is not a reliable indicator for future results. All financial investments involve an element of risk. The value of investments may rise and fall so you may get back less than originally invested.

    Investors should consider the risks, including lower returns, related to currency movements between their investing currency and the portfolio's base currency, if different.

    Past performance is not a reliable indicator of future performance. Net-of-fees performance is based on end-of-month redemption prices after the deduction of fees and expenses and the reinvestment of all distributions. Gross-of-fees performance is the net return with fees and expenses added back. Figures include changes in principal value. Investment return and principal value will vary, and an account may be worth more or less at termination than at inception.

    Source: Benchmark performance from SPAR, FactSet Research Systems Inc.

    Annual Performance

    Annual Performance (%)

    No data currently available

    annual rate of return table
    Pricing

    Pricing History

    • Market Price (MP): 
    Maximum data displayed is for the most recent 10 years
    Historical MP Lookup
    Enter date for which you wish to obtain a Historical MP for this fund

    Historical MP may not be available for all dates.

    Portfolio & Holdings Information

    The portfolio is actively managed, and current holdings may be different.

    Sector, Holding & Characterstics

    Largest Sector Weights

    As of 31-Oct-25

    The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

    Map represents sectors greater than 5%.

    Holding Characteristics

    Weighted Average Price/earnings ratio is the ratio of the current price of a stock to an estimate of forward 12 month earnings; P/E ex-negatives ratio is an exposure-weighted average of the P/E ratios of the securities held in the fund, excluding companies with projected negative earnings.

    Weighted Average Price-to-cash-flow is the ratio of a stock's price to its per-share cash earnings.

    Weighted Average Price/Sales Ratio (P/S) is the ratio of a stock's price to its per-share sales.

    Weighted Average Price/book ratio (P/B) is the ratio of a stock's price to its book value per share.

    Weighted Average IBES Long Term EPS Growth is the weighted average forecast, by sell side analysts of how much a company's net income has grown over the long-term (typically 3-5 years).  The forecast is derived from all polled analysts' estimates. Source: Ibbotson

    Weighted Average Market Cap: Market capitalization is the value of a corporation as determined by the market price of its issued and outstanding common stock. It is calculated by multiplying the number of outstanding shares by the current market price of a share.

    Weighted Median Market Cap is the Market Capitalization of the firm defined by the median dollar within the distribution of the market capitalization of all companies in the index or portfolio. It is calculated from a running total of market capitalizations from smallest company to largest. The Market Capitalization of the firm that sorts the total dollar value of all market capitalizations into two equal portions defines the value.

    As of 31-Oct-25

    Data table of holding characteristics
    characterstics Equity Earning
    Weighted Average Price/Earnings (next 12 months) 13.21x
    Weighted Average Price/Cash Flow 9.80x
    Weighted Average Price/Sales 1.00x
    Weighted Average Price/Book 1.70x
    Weighted Average IBES Long Term EPS Growth 9.96%
    Weighted Average Market Cap AUD114.9b
    Weighted Median Market Cap AUD46.5b
    Number of Issues 35
    Active Share

    Active share is calculated by taking the absolute value of the difference between each issuer's weighting in the index and its weighting in the portfolio, summing, then dividing by two. The higher the number, the more the weights differ from those of the benchmark.

    95.87%
    Portfolio Turnover

    Turnover ratio is the percentage of a portfolio's assets that have changed over the course of a year:  (Lesser of purchases or sales)/average market value. 

    -
    % in Top Ten 37.62%

    Performance Statistics

    Updated Monthly As of 31-Oct-25

    Benchmark
    MSCI World Value Index (net div)
    Performance Statistics Table
    10 Yr. 5 Yr. 3 Yr.
    Alpha n/a n/a n/a
    Beta n/a n/a n/a
    R-squared n/a n/a n/a
    Standard Deviation % n/a n/a n/a
    Sharpe Ratio n/a n/a n/a
    Tracking Error n/a n/a n/a
    Information Ratio n/a n/a n/a
    Treynor Ratio n/a n/a n/a

    Top 10 Holdings

    As of 31-Oct-25

    • DAVIDE CAMPARI-MILANO NV
    • DEUTSCHE POST AG
    • SAMSUNG ELECTRONICS CO LTD
    • CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
    • BECTON DICKINSON AND CO (EQ)
    • IMCD NV (EQ)
    • VEOLIA ENVIRONNEMENT SA
    • CANADIAN PACIFIC KANSAS CITY LTD
    • JOHNSON & JOHNSON
    • ZALANDO SE

    The portfolio is actively managed, and current holdings may be different.

    Type Of Holdings (%)

    As of 31-Oct-25

    Sector Weights (%)

    As of 31-Oct-25

    •  % Assets
    • Health Care
      17.17
    • Industrials
      16.61
    • Consumer Discretionary
      14.17
    • Financials
      13.23
    • Consumer Staples
      11.97
    • Materials
      8.02
    • Utilities
      5.94
    • Information Technology
      4.06
    • Energy
      2.57
    • Cash & Cash Equivalents
      6.25

    The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and S&P Global Market Intelligence Inc. ("S&P Global Market Intelligence"). GICS is a service mark of MSCI and S&P Global Market Intelligence and has been licensed for use by MFS. MFS has applied its own internal sector/industry classification methodology for equity securities and non-equity securities that are unclassified by GICS.

    Region & Country

    Region & Country

    As of 31-Oct-25

    Region & Country Table
    Region & Country % Assets
    Europe ex-U.K.

    5 Countries

    41.04

    North America

    2 Countries

    33.79

    United Kingdom

    1 Countries

    10.23

    Cash & Cash Equivalents

    1 Countries

    6.25

    Japan

    1 Countries

    4.63

    Emerging Markets

    1 Countries

    4.06

    Asia/Pacific ex-Japan

    1 Countries

    0.00

    By Country Table
    By Country

    Top Country Weightings (%)

    As of 31-Oct-25

    • United States
      26.26
    • France
      15.92
    • Germany
      11.43
    • United Kingdom
      10.23
    • Canada
      7.52
    Important Characteristics Information

    The portfolio is actively managed, and current holdings may be different.

    Portfolio characteristics are based on equivalent exposure, which measures how a portfolio's value would change due to price changes in an asset held either directly or, in the case of a derivative contract, indirectly. The market value of the holding may differ.

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