Loftus Peak Global Disruption Fund

(Managed Fund) (ASX: LPGD)

Loftus Peak is a global fund manager with a focus on investment in listed disruptive businesses. We have extensive experience and bring significant discipline to the process. Our Australian Securities Exchange listed Fund (ASX code: LPGD) comprises some of the best and fastest-growing companies in the world – companies that we believe are driving change across all industries globally, constructed on the basis of strict criteria and included at carefully determined valuations. Holdings include large capitalisation names like Microsoft and Google (Alphabet) as well as many others that we expect to be household names in the future, such as Advanced Micro Devices and Qualcomm. This approach to investment across a wide range of global industries lowers the concentration risk inherent in the typical Australian portfolio, with its heavy skew toward banks, resources and the Australian dollar.

Understanding disruption and its impact on business globally is important now more than ever. This video will give you an insight into how Loftus Peak invests.

Fund Facts

Indicative NAV per unit**

$3.6069
4 Dec 2023 4:14:59 PM

Investment Management Leadership

Alex Pollak

CIO
Alex Pollak

Anshu Sharma

Portfolio Manager
Anshu Sharma

Investment Universe

Global Equities

Fund Inception

15 November 2016

Fund Size

$260m

Fund Identifiers

ASX Code: LPGD

ARSN: 098 764 080

APIR: MMC0110AU

Indicative NAV per unit** 

Management Fees1

1.20%

Performance Fees1,2

15%

Benchmark

MSCI All Countries

World Index (net in AUD)

Distribution Frequency

Annual

Fund Updates

Monthly

1. All fees quoted above are inclusive of Goods and Services Tax (GST) and net of any Reduced Input Tax Credits (RITC). See the Product Disclosure Statement for more details as to how the relevant fees and costs are calculated.

2. 15% in excess of the hurdle return with a high watermark payable six monthly as at 30 June and 31 December each year.

** An indicative NAV per Unit (“iNAV”) for the Fund will be published throughout the ASX Trading Day. The iNAV reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments selected on the basis of correlations with the underlying investments. The proxies and their correlations with underlying instruments are reviewed regularly and updated as required. The iNAV represents the best estimate by the Responsible Entity (“RE”) or its appointed agents of the value per unit in the Fund throughout the trading day. The iNAV published by the Fund is indicative only and might not accurately reflect the underlying value of the Fund. The Issuer or its appointed agents gives no guarantees that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the RE or its appointed agent shall be liable to any person who relies on the iNAV. 

Portfolio Construction – what will you be investing in?

Thematic based and index unaware

A concentrated, futured-focused portfolio

Beneficiaries of Global Disruption

15-35 disruptive companies with proven business models challenging incumbents across all industries

Financial Strength

Typically, holdings have large market capitalisations, strong balance sheets and cashflows

Deep understanding of industries and companies

Thoroughly researched, sometimes over many years

Fair value exceeds current value

Holdings included in portfolio based on tried and tested valuation methodology

Research Ratings, Quantitative Rankings & Firm Awards

Research Ratings

Click to request
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Quantitative Ratings

Click for more information
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Firm Awards

ImageImageImageImageImageLoftus Peak 2019 IMAP Awards

Fund Performance

 

Performance Summary as at 31 October 2023*

1m3m6m 1y3y p.a.5y p.a.Inception p.a.
(15 November 2016)
Fund (Net) 3-0.18%-7.12%+15.89%+30.77%+6.90%+15.13%+17.34%
Index 4-1.45%-4.11%+2.37%+11.50%+10.37%+9.85%+11.28%
Value Added (Net) 5+1.27%-3.01%+13.52%+19.28%-3.47%+5.27%+6.06%

*Past performance is not a reliable indicator of future performance. Source: Loftus Peak, MSCI

3. 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. Investment return and the principal value fluctuate, so your units, when sold, may be worth more or less than the original cost. For further details, please refer to the Fund’s product disclosure statement and reference guide.

4. The benchmark for the Fund is the MSCI All Countries World Index (net) as expressed in AUD from Bloomberg.

5. The Value Added is shown as the Fund (Net) minus the benchmark.

Fund Holdings

Fund holdings are released to the ASX quarterly, with a lag of two months. You can view the latest available holdings by clicking here.

Monthly Updates

Latest Fund Update
Fund Update History
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Unit price and distribution history

Price DateBuySellNAV
30/11/2023$3.6283$3.6103$3.6193
Historical Unit Prices
Distribution Summary

Two ways to access Loftus Peak Global Disruption Fund (Managed Fund) (ASX: LPGD)

Units in the Fund may be bought or sold either on the ASX through your stockbroker (including online broker) or with the Fund's Administrator Apex Fund Services (formerly Mainstream Funds Services).

Apex will accept online applications through the online tool, Connexian, as well as hard copy applications and withdrawal requests.

Loftus Peak Global Disruption Fund
(Managed Fund) (ASX: LPGD)

To buy or sell units with your stockbroker:

  1. Read the Product Disclosure Statement and Target Market Determination.

  2. View the indicative Net Asset Value (iNAV)** shown below:

    Indicative NAV per unit

    ASX Code: LPGD
    $3.6069
    As at
    4 Dec 2023 4:14:59 PM

    Or, view the iNAV on various data houses with associated ticker details:

    Units Indicative NAV
    Bloomberg LPGD AU EQUITY LPGDIV INDEX
    Thomson Reuters LPGD.AX LPGDAUDINAV=SOLA
    IRESS LPGD.AXW LPGDAUDINAV

  3. Check the current LPGD buy/sell price with your stockbroker or on your online stockbroking application.

  4. Buy or sell units on the ASX using ASX code: LPGD.

There is no minimum investment amount for applications through the ASX.

Information and Forms Library

Product Disclosure Statement

Target Market Determination

Update your Details Form

Loftus Peak Global Disruption Fund Active ETF mechanics

For a full list of forms:

Downloads Centre

 

** An indicative NAV per Unit (“iNAV”) for the Fund will be published throughout the ASX Trading Day. The iNAV reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments selected on the basis of correlations with the underlying investments. The proxies and their correlations with underlying instruments are reviewed regularly and updated as required. The iNAV represents the best estimate by the Responsible Entity (“RE”) or its appointed agents of the value per unit in the Fund throughout the trading day. The iNAV published by the Fund is indicative only and might not accurately reflect the underlying value of the Fund. The Issuer or its appointed agents gives no guarantees that the iNAV will be published continuously or that it will be up to date or free from error. To the extent permitted by law, neither the RE or its appointed agent shall be liable to any person who relies on the iNAV. 

 

Contact Us

Contact Loftus Peak at:

Telephone: +61 2 9163 3333

Email: enquiry@loftuspeak.com.au

Alternatively, if you have a query about an application, withdrawal, holding or distribution, contact Apex Fund Services (formerly Mainstream Funds Services), the Fund's administrator at:

Telephone: 1300 133 451

Email: loftuspeak@apexgroup.com

FAQ

The Loftus Peak Global Disruption Fund is a Registered Managed Investment Scheme with units also live quoted as an active ETF on the Australian Securities Exchange (ASX).

Investors can enter and exit the fund by either;

  • a) submitting the relevant form to the Responsible entity (via the Apex Fund Services (formerly Mainstream Funds Services), the Unit Registry), or
  • b) transacting via their stockbroker on the ASX.

The investor method of transaction is dependent upon whether their units are held under a HIN or SRN.

Apex Fund Services is the administrator and registry of the Loftus Peak Global Disruption Fund and Loftus Peak Global Disruption Fund (Hedged).

A HIN is a Holder Identification Number for a Broker Sponsored holding. It is a unique number used to link all your holdings, stocks, shares, and not specific to just Loftus Peak.

A HIN is 11 characters long. It starts with an ‘X’ followed by 10 digits. Example: X0001235898.

An SRN is a Shareholder Reference Number for Issuer Sponsored holdings. An SRN is issued by Apex Fund Services (formerly Mainstream Funds Services) and is your unique identifier in the Loftus Peak Global Disruption Fund.

An SRN issued by Apex Fund Services (formerly Mainstream Funds Services) is 11 characters long. It starts with an ‘I’ followed by 10 digits. Example: I0098511470. Your SRN will be stated on your first confirmation statement and partly masked for subsequent statements.

No, the Fund only has a single unit class. Investors can simply choose whether they transact their units directly with the Responsible Entity via the Unit Registry or through the ASX.

Yes. However, you will need to undertake a conversion step in each case.

If your Units are held with a HIN, then to sell them via the Unit Registry you will need to ask your Broker to change your HIN holding to an SRN holding.

Once converted to SRN, to effect the sale of Units, you should then submit a completed withdrawal form to Unit Registry. You will need to provide relevant identification documents if you haven’t done so already.

If your Units are under an SRN and you wish to sell on the ASX, you will need to ask your stockbroker to convert your SRN holding to a HIN holding. You can then instruct your stockbroker to sell the Units.

Investors have the choice whether they purchase units by:

  1. Applying for Units to the Responsible Entity with an Application Form - a minimum investment of $5,000 applies to all investors who choose this method
  2. Purchasing Units on the ASX via their stockbroker - the minimum trade size will be determined by their stockbroker.

The daily unit price reflects the Net Asset Value (NAV) at the end of the trading day.

As an active ETF, the Fund will publish an indicative NAV (“iNAV”) which reflects the real time movements in stock markets and currencies during the ASX Trading Day and, for securities not trading during the ASX Trading Day, listed proxy instruments. The iNAV represents the best estimate of the value per unit in the Fund throughout the trading day. The iNAV calculation is performed by Solactive AG and then provided to Macquarie Securities (Australia) Limited, the market maker which acts as an agent of the Fund.

The full list of the Fund's holdings are released to the ASX quarterly with a two month lag. There are also references to a number of current holdings in the Fund's Monthly Update.

You can now make additional investments to the Loftus Peak Global Disruption Fund by using BPAY®

To facilitate the use of this service you will need to enter the Loftus Peak BPAY® Biller Code 349845 along with your unique Customer Reference Number (CRN) which can be found when you log into your Apex Registry portal here.

Your individual CRN will be generated after your initial application to allow you to make additional investments by using BPAY®. BPAY® cannot be used for initial investments. When making the payment via BPAY®, you do not need to complete an additional investment form.

BPAY® is only available when purchasing units by way of Fund's Registry, Apex Fund Services (previously named Mainstream Fund Services) and is not available when purchasing units on the ASX.

This publication was prepared by Loftus Peak Pty Limited (“Loftus Peak’). Equity Trustees Limited (“Equity Trustees”) ABN 46 004 031 298 AFSL No. 240975, is a subsidiary of EQT Holdings Limited ABN 22 607 797 615, a publicly listed company on the Australian Securities Exchange (ASX:EQT), and is the Responsible Entity of the Loftus Peak Global Disruption Fund (“Fund”). This publication has been prepared for the purpose of providing general information only, without taking account of any individual person’s investment objectives, financial circumstances or needs. This publication is not intended to take the place of professional advice and we do not express any view about the accuracy or completeness of information that is not prepared by us and no liability is accepted for any errors this publication may contain. You should consider the Product Disclosure Statement (“PDS”) in deciding whether to acquire, or continue to hold, the product. A PDS and application form is available at www.loftuspeak.com.au. Loftus Peak and Equity Trustees do not guarantee the performance of the Fund or the repayment of the investor’s capital. To the extent permitted by law, neither Equity Trustees, Loftus Peak, nor any of their related parties including its employees, directors, consultants, advisers, officers or authorised representatives, are liable for any loss or damage arising as a result of reliance placed on the contents of this report. Past performance is not indicative of future performance.