Antipodes Global Value Active ETF Releases Monthly Investment Update for October 2026

Mukul

11 November 2026 12:32 PM AEDT

Antipodes Global Value Active ETF Releases Monthly Investment Update for October 2026

Image Source: Krish Capital Pty Ltd

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Antipodes Global Value Active ETF (ASX:AGX1) has released its monthly investment update for the period ending 31 October 2026, disclosing net performance figures, portfolio composition, and risk metrics, with the fund returning negative 1.5% for the one-month period against a benchmark return of negative 2.7%.

Key Points

The fund returned negative 1.5% for the one month to 31 October 2026, outperforming the MSCI All Country World Net Index in AUD, which returned negative 2.7% over the same period.
The fund's net asset value (NAV) stood at $6.2287 per unit as at the reporting date.
TotalEnergies was the largest holding in the top 10 equity longs at 3.9%, followed by Amazon.com at 3.5% and Microsoft at 3.2%.
Total equities exposure was 96.2%, with cash comprising 3.8% of the portfolio.
The fund held 68 long stocks compared to 2,413 in the benchmark, with a beta of 0.75 since inception.

Monthly and Longer-Term Net Performance to 31 October 2026

According to the filing, the fund posted a one-month net return of negative 1.5%, compared to the benchmark's negative 2.7%, a difference of positive 1.2 percentage points. Over the three-month period, the fund returned 0.0% versus the benchmark's negative 0.3%. For the calendar year to date, the fund returned 1.4% against the benchmark's 5.4%. Over one year, the fund returned 4.2% versus 4.5% for the benchmark. Since inception, the fund has returned 11.3% per annum compared to the benchmark's 13.0% per annum. The management fee is disclosed as 1.10% per annum, with a performance fee of 15% of net return in excess of the benchmark.

Top Stock and Sector Contributions for October 2026

The filing disclosed that Contemporary Amperex Technology and Meta Platforms were among the top positive stock contributors for the one-month period, while NVIDIA and TotalEnergies were also listed among notable contributors. Maplebear and Valaris featured among the bottom contributors. At the sector level, Information Technology and Communication Services were among the top positive sector contributors, while Energy and Consumer Staples were among the bottom contributors for the month. The fund's Information Technology sector exposure stood at 25.6%, compared to the benchmark's 31.2%, with a three-month exposure change of positive 2.8 percentage points.

Regional Allocation and Portfolio Risk Characteristics

North America represented the largest regional allocation at 54.6% of the fund, compared to 67.9% for the benchmark. Developing Asia and emerging markets accounted for 13.6% of the fund versus 7.0% for the benchmark, with China and Hong Kong comprising 8.5%. Western Europe represented 18.1% of the fund. The fund's downside capture ratio since inception was 64.0% and the upside capture ratio was 76.0%. Standard deviation was recorded at 10.0% for the fund versus 10.7% for the benchmark, and the Sharpe ratio was 0.83 for the fund compared to 0.93 for the benchmark. The information ratio stood at negative 0.26.

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