Global Contrarian Equity Trust
Global Contrarian Equity Trust
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- Fact Sheet |
Research House Ratings
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-Jan-26 AUD4.37
- Exit Price As of 12-Feb-26 AUD1.1651
- Most Recent Exit Price Change As of 12-Feb-26 AUD0.0013 | 0.11%
- Management Fee 0.77%
- Buy/Sell Spread 0.20%
- Benchmark MSCI World Value Index (net div)
Managers
Top 10 Holdings
As of 31-Jan-26
- DAVIDE CAMPARI-MILANO NV
- DEUTSCHE POST AG
- BECTON DICKINSON AND CO (EQ)
- CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
- IMCD NV (EQ)
- VEOLIA ENVIRONNEMENT SA
- CANADIAN PACIFIC KANSAS CITY LTD
- ZALANDO SE
- MEDTRONIC PLC
- ANHEUSER-BUSCH INBEV SA/NV
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.
Anne Christine Farstad
Portfolio Manager
Anne-Christine (AC) Farstad is an investment officer and equity portfolio manager for the Contrarian Equity strategies at MFS Investment Management® (MFS®). In this role, she is responsible for final buy and sell decisions, portfolio construction, risk and cash management. She also participates in the research process and strategy discussions. She is based in London. AC joined MFS in 2005 as an equity research analyst before assuming her current role in 2015. Before joining the firm, she worked for two years as an equity research analyst following European and US companies for Bailey Coates Asset Management. She also spent one year in the Global Equity Hedge Fund Sales group for UBS in London. She began her career in the financial services industry in 2002. AC earned a Master of Arts degree in literature from the University of Cambridge.
Zahid Kassam, CFA
Portfolio Manager
Zahid Kassam, CFA, is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Toronto. Zahid joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously spent two years as a senior analyst at the Ontario Teachers' Pension Plan's private equity arm and two years as a mergers and acquisitions investment banking analyst at RBC Capital Markets. He began his career in the financial services industry in 2007. Zahid earned a Bachelor of Arts degree in business administration with Ivey Scholar honors from Ivey Business School at the University of Western Ontario and a Master of Business Administration degree from Harvard Business School. He holds the Chartered Financial Analyst (CFA) designation.
Paul Fairbrother, ASIP
Institutional Portfolio Manager
Paul Fairbrother, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning. He is based in London. Paul joined MFS in 2019 in his current role after five years at Sarasin & Partners as a business partner and client account director. Prior to that, he served as a European equity portfolio manager, European equity analyst and UK equity portfolio manager for UBS Asset Management over the course of his 21-year tenure there. He began his career in the financial services industry in 1993. Paul earned a bachelor's degree in business economics from the University of Reading. He is a member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
Benjamin Tingling, CAIA
Institutional Portfolio Manager
Benjamin Tingling is an institutional portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He also communicates investment policy, strategy and positioning. He is based in London.
Benjamin joined MFS in 2014 in his current role. He previously worked for Man Group Plc for six years, most recently as a derivatives and client on-boarding associate.
Benjamin earned a Bachelor of Science degree in economics and finance from Brunel University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and an Investment Management Certificate (IMC).
Performance
Total Return (%)
As of 31-Dec-25
(*YTD Updated Monthly, As of 31-Jan-26 , subject to revision and not annualized.)
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 (%)
No data currently available
Pricing History
- Exit Price at Close of Trading on: 12-Feb-26
- Exit Price: AUD 1.1651
- Change (AUD) (since 11-Feb-26): 0.0013
- Change (%) (since 11-Feb-26): 0.11
- Market Price (MP):
Historical Exit Price may not be available for all dates.
Historical MP may not be available for all dates.
-
Overview
Research House Ratings
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-Jan-26 AUD4.37
- Exit Price As of 12-Feb-26 AUD1.1651
- Most Recent Exit Price Change As of 12-Feb-26 AUD0.0013 | 0.11%
- Management Fee 0.77%
- Buy/Sell Spread 0.20%
- Benchmark MSCI World Value Index (net div)
Managers
Top 10 Holdings
As of 31-Jan-26
- DAVIDE CAMPARI-MILANO NV
- DEUTSCHE POST AG
- BECTON DICKINSON AND CO (EQ)
- CIE GENERALE DES ETABLISSEMENTS MICHELIN SCA
- IMCD NV (EQ)
- VEOLIA ENVIRONNEMENT SA
- CANADIAN PACIFIC KANSAS CITY LTD
- ZALANDO SE
- MEDTRONIC PLC
- ANHEUSER-BUSCH INBEV SA/NV
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.
Anne Christine Farstad
Portfolio Manager
24YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOAnne-Christine (AC) Farstad is an investment officer and equity portfolio manager for the Contrarian Equity strategies at MFS Investment Management® (MFS®). In this role, she is responsible for final buy and sell decisions, portfolio construction, risk and cash management. She also participates in the research process and strategy discussions. She is based in London. AC joined MFS in 2005 as an equity research analyst before assuming her current role in 2015. Before joining the firm, she worked for two years as an equity research analyst following European and US companies for Bailey Coates Asset Management. She also spent one year in the Global Equity Hedge Fund Sales group for UBS in London. She began her career in the financial services industry in 2002. AC earned a Master of Arts degree in literature from the University of Cambridge.
Zahid Kassam, CFA
Portfolio Manager
19YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOZahid Kassam, CFA, is an investment officer and equity portfolio manager for the Contrarian Value strategies at MFS Investment Management® (MFS®). In this role, he is responsible for final buy and sell decisions, portfolio construction and risk and cash management. He also participates in the research process and strategy discussions. He is based in Toronto. Zahid joined MFS in 2013 as an equity research analyst and assumed portfolio management responsibilities in 2021. He previously spent two years as a senior analyst at the Ontario Teachers' Pension Plan's private equity arm and two years as a mergers and acquisitions investment banking analyst at RBC Capital Markets. He began his career in the financial services industry in 2007. Zahid earned a Bachelor of Arts degree in business administration with Ivey Scholar honors from Ivey Business School at the University of Western Ontario and a Master of Business Administration degree from Harvard Business School. He holds the Chartered Financial Analyst (CFA) designation.
Paul Fairbrother, ASIP
Institutional Portfolio Manager
32YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOPaul Fairbrother, ASIP, is an investment officer and institutional equity portfolio manager at MFS Investment Management® (MFS®). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines, and manages daily cash flows. He is also responsible for communicating investment policy, strategy and positioning. He is based in London. Paul joined MFS in 2019 in his current role after five years at Sarasin & Partners as a business partner and client account director. Prior to that, he served as a European equity portfolio manager, European equity analyst and UK equity portfolio manager for UBS Asset Management over the course of his 21-year tenure there. He began his career in the financial services industry in 1993. Paul earned a bachelor's degree in business economics from the University of Reading. He is a member of the CFA Institute and an Associate of the CFA Society of the UK (ASIP).
Benjamin Tingling, CAIA
Institutional Portfolio Manager
20YEARS WITH INDUSTRY
1YEAR WITH PORTFOLIOBenjamin Tingling is an institutional portfolio manager at MFS Investment Management (MFS). In this role, he participates in the research process and strategy discussions, assesses portfolio risk, customizes portfolios to client objectives and guidelines and manages daily cash flows. He also communicates investment policy, strategy and positioning. He is based in London.
Benjamin joined MFS in 2014 in his current role. He previously worked for Man Group Plc for six years, most recently as a derivatives and client on-boarding associate.
Benjamin earned a Bachelor of Science degree in economics and finance from Brunel University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and an Investment Management Certificate (IMC). -
Performance
Performance
Total ReturnTotal Return (%)
Monthly | QuarterlyAs of 31-Dec-25
(*YTD Updated Monthly, As of 31-Jan-26 , subject to revision and not annualized.)MORNINGSTAR RATINGImportant 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 PerformanceAnnual Performance (%)
No data currently available
annual rate of return table PricingPricing History
- Exit Price at Close of Trading on: 12-Feb-26
- Exit Price: AUD 1.1651
- Change (AUD) (since 11-Feb-26): 0.0013
- Change (%) (since 11-Feb-26): 0.11
- Market Price (MP):
Maximum data displayed is for the most recent 10 yearsHistorical Exit Price LookupEnter date for which you wish to obtain a Historical Exit Price for this fundHistorical Exit Price may not be available for all dates.
Historical MP LookupEnter date for which you wish to obtain a Historical MP for this fundHistorical MP may not be available for all dates.