Fat Prophets Global Contrarian Fund Ltd. · ASX:FPC
Fat Prophets Global Contrarian Fund — Shareholder Meeting (October 2026)
26 slides from Fat Prophets Global Contrarian Fund's shareholder meeting presentation, Oct 22, 2026
Slide 1: FPC 2026 Annual General Meeting
rsonal use only FPC 2026 Annual General Meeting 22 October 2026 | Shareholder Information Session
Slide 2: FPC Annual General Meeting & Shareholder Information Session
FPC Annual General Meeting & Shareholder Information Session rsonal use only MR MICHAEL GALLAGHER – CHAIRMAN • Introductory remarks • AGM Open • FY2026 Financial Statements and Reports • Formal business • Resolutions • AGM Close • Shareholder information session – Mr Angus Geddes 2
Slide 3: Board of FPC
Board of FPC INDEPENDENT CHAIRMAN INDEPENDENT DIRECTOR Michael Gallagher Katrina Vanstone rsonal use only Mr Michael Gallagher was Katrina has worked in financial appointed Chairman of the markets for 30 years, both in Board in November 2016. Australia and offshore, including Michael has over 30 yea
Slide 4: Resolution 1: Adoption of Remuneration Report for the Year Ended 30 June 2026
Resolution 1: Adoption of Remuneration Report for the Year rsonal use only Ended 30 June 2026 To consider and, if thought fit, pass the following advisory resolution: That the Remuneration Report for the year ended 30 June 2026 (as set out in the Directors’ Report) be adopted. Resolution For Against
Slide 5: Resolution 2: Re-election of Director – Ms Katrina Vanstone
Resolution 2: Re-election of Director – Ms Katrina Vanstone rsonal use only To consider and, if thought fit, pass the following as an ordinary resolution: That Ms Katrina Vanstone retires by rotation in accordance with ASX Listing Rule 14.5 and, being eligible for re-election, be re-elected as a Dir
Slide 6: Manager Report – Shareholder Information Session
rsonal use only Manager Report Shareholder Information Session Chief Investment Officer Angus Geddes Fat Prophets 6
Slide 7: FPC NTA 2021 to 2026
rsonal use only FPC NTA 2021 to 2026 7
Slide 8: 2026 has been an unpredictable year
rsonal use only 2026 has been an unpredictable year ▪ The Middle East war saw a return of significant volatility, which has given way to a broad correction in global stocks ▪ Higher energy prices have impacted the US and global bond markets. Inflation has reasserted, and the US 10-year treasury yiel
Slide 9: Playbook for the coming year: 2027 outlook
rsonal use only Playbook for the coming year 2027 outlook Geopolitical tensions might US dollar to continue Long-term bond yields stable soon ease downward slide in’27 for now, but a risk in 2027 Japanese equities to US politics might be in Gold/silver and platinum to continue outperforming gridlock
Slide 10: US Dollar Index has strengthened, but we see downside resuming in 2027
US Dollar Index has strengthened, but we see downside resuming in 2027 rsonal use only 10
Slide 11: Longer term US fiscal situation could reach a tipping point next year
Longer term US fiscal situation could reach a tipping point next year rsonal use only Secular bear market in bonds has further to go 11
Slide 12: 2026 AGM Review: Bond Bear Market Outlook from 2025
2026 AGM Review: Bond Bear Market Outlook from 2025 rsonal use only 12
Slide 13: 2026 Update: Bonds in a Secular Bear Market
rsonal use only 2026 Update: Bonds in a Secular Bear Market 13
Slide 14: Insurance companies are a good hedge against rising interest rates
Insurance companies are a good hedge against rising interest rates – QBE vs US10y yield rsonal use only 14
Slide 15: Commodities did well in 2026 – and should keep performing in 2027
rsonal use only Commodities did well in 2026 – and should keep performing in 2027 15
Slide 16: Copper made new highs, poised to go higher over the longer-term
Copper made new highs, poised to go higher over the longer-term rsonal use only 16
Slide 17: Japan's TOPIX Bank index in a bull market
Japan’s TOPIX Bank index in a bull market rsonal use only 17
Slide 18: China/Hong Kong Tech underperformed this year but conviction remains
China/Hong Kong Tech underperformed this year but we hold conviction the sector will play catch up Hang Seng Technology Index underperformed rsonal use only 18
Slide 19: Gold & Gold miners going through a corrective consolidation
Following a blowoff top, Gold & Gold miners going through a corrective consolidation – bull market to continue soon rsonal use only 19
Slide 20: Silver surged to record highs in '26
rsonal use only Silver surged to record highs in ‘26 20
Slide 21: Top Holdings in FPC – Sept 2026
rsonal use only Top 10 Holdings in FPC – Sept 2026 21
Slide 22: Geographic Exposure – Sept 2026
rsonal use only Geographic Exposure – Sept 2026 Geographic Exposure as at 30th September 2026 Australia , 18.46% United States , 27.86% United Kingdom , 4.93% China/Asia , 22.50% Japan , 26.50% Australia United Kingdom China/Asia Japan United States 22
Slide 23: Sector Dispersion – Sept 2026
rsonal use only Sector Dispersion – Sept 2026 Sector Dispersion as at 30th September 2026 Financials 3% Industrials 12% Technology & IT 23% Copper Precious Metals 4% 31% Japanese Financials 24% Macau Gaming 3% 23
Slide 24: Contact Details
rsonal use only Contact Details Fat Prophets Funds Management Fat Prophets Funds Management Investment manager Portfolio Manager Angus Geddes Simon Wheatley CIO [email protected] [email protected] Fat Prophets Global Contrarian Fund Company Michael Gallagher Chairman Mi
Slide 25: Disclaimer
rsonal use only Disclaimer This presentation has been prepared by Fat Prophets Global Contrarian Fund Limited (FPC). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that cont
Slide 26: AGM CLOSED
rsonal use only AGM CLOSED 26
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