What can the Antipodes Global Fund – Long (PIE) actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| Shares in the Antipodes Global Fund - UCITS | — | 95% | 105% |
| Funding account (NZ dollar cash and cash equivalents) | — | -5% | 5% |
Mandate flexibility (sum of max − min across all ranges): 20%. Narrow range — index-tracking style with limited drift.
Derivatives policy
Derivatives may be used to establish short positions in securities or market indices, gain or reduce exposure to currencies, offset specific unwanted portfolio risks, and amplify positions. The Underlying Fund's total gross exposure may be leveraged to a maximum of 200% of Net Asset Value, with net exposure typically within 50%-100% of Net Asset Value.