Loftus Peak Global Change Portfolio
Managed Discretionary Account via Mason Stevens (over $150,000)
A Managed Discretionary Account for wholesale and sophisticated investors, providing exposure to Loftus Peak’s global disruption strategy through the Mason Stevens platform.
Fund Overview

The Loftus Peak Global Change Model Portfolio (the Portfolio) is a Managed Discretionary Account (known as Separately Managed Account) designed for Wholesale or Sophisticated investors*.

The Portfolio is available on the Masons Stevens platform. All applications should be made directly with Mason Stevens using the relevant forms held on their website which you can access by clicking here.

While offered by way of a different legal structure, the Loftus Peak Global Change Portfolio is managed according to the same underlying investment objective and carries similar portfolio holdings to the Loftus Peak Global Disruption Active ETF. The main difference between the two products is that the Fund has greater capacity to actively hedge market and currency exposure. Also Portfolio account holders may carry different holding weights to Loftus Peaks' model as a result of rounding of share numbers, particularly for relatively small account sizes. This investment strategy is also available to retail investors. If you are a retail investor or adviser, please click here to see the Loftus Peak Global Disruption Active ETF, which carries a minimum initial investment of $5,000.

Latest Monthly Update
Fund Update History
Portfolio Performance

Table

Chart

Performance Summary as at 28 February 2026*

1m3m6m 1y3y p.a.5y p.a.7y p.a.10y p.a.Inception p.a.
Portfolio (net-of-fees)-3.93%-8.79%-5.51%+1.59%+25.71%+12.41%+16.71%+17.81%+17.28%
Benchmark-0.76%-2.99%+2.68%+8.31%+18.63%+13.56%+12.98%+13.02%+12.64%
Outperformance (net-of-fees)-3.16%-5.80%-8.19%-6.72%+7.08%-1.15%+3.73%+4.78%+4.64%

*Manager estimated returns. The Portfolio Benchmark is the MSCI All Countries World Index (net) (as expressed in AUD from Bloomberg). Portfolio Inception date is 30/06/14. All returns are shown to two decimal places. Returns for the periods more than one year are annualised. Total returns include realised and unrealised gains. Valuations are computed and performance reported in Australian dollars. Net-of-fees performance returns are presented after management and performance fees. Returns are based on the theoretical performance of a portfolio which implemented the Model Portfolio based on simplifying assumptions and stock weightings. Actual individual returns of each client’s portfolio will differ depending on factors such as date of initial investment, timing of transactions, contributions and withdrawals, fees and any customisations. Past performance is not a reliable indicator of future performance and may not be achieved in the future. Each client should also take into account their own taxation situations. All information provided in this Report is correct as at the date of this Report.

Investment Management Leadership

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Alex Pollak

CIO and Founder

With 25 years’ experience in disruptive business models gained during a career with Macquarie Bank, Alex heads one of the best-performing teams in global investment management in Australia.

He has a deep understanding of the mechanisms through which disruption changes business models and the impact it has on company valuation, with an acknowledged record of identifying thematics early in the investment cycle.

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Anshu Sharma

Portfolio Manager and Founder

Anshu began his career more than 15 years ago as a global investment analyst, covering companies that have now been at the forefront of disruption for over a decade. He later assumed a similar role with a focus on the Asian market, gaining a unique perspective on the global scale and impact of disruptive businesses. In 2014, Anshu became one of the founding members of Loftus Peak and has served as Portfolio Manager of the global disruption strategy since 2015.

At Loftus Peak, his focus has been on developing and executing a repeatable investment process that identifies, values, and risk-adjusts portfolio positions to stay ahead of the market.

Anshu holds a Master of Commerce from the University of New South Wales and a Bachelor of Commerce (Honours) from Delhi University. He is also a Chartered Financial Analyst® and holds the CIPM® certificate.

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Harry Morrow

Senior Investment Analyst

Harry joined Loftus Peak as an analyst in 2018. He is a member of the investment team, with a focus on streaming, digital advertising and health sciences. He supports the Portfolio Manager and Chief Investment Officer through thematic, industry and company analysis as well as modelling for potential and current portfolio holdings.

He has graduated from the University of Sydney with a Bachelor of Commerce, majoring in Finance and Commercial Law. Harry is a CFA Charterholder.

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Raymond Tong

Head of Research

Raymond joined Loftus Peak in March 2024 as Head of Research. Raymond has a strong background in the disruption thematic having developed and managed global disruption portfolios for Orca Funds Management and Evans and Partners Financial Group since 2017. Prior to this, Raymond was a well regarded research analyst at Goldman Sachs, covering the telecom, internet and media sectors.

Raymond has a Bachelor of Mechanical Engineering (Honours) and Commerce (Finance) from the University of Melbourne and has a Chartered Financial Analyst® designation.

Fund Information

Global Equities

Investment Universe

15 November 2016

Fund Inception

$786m

Fund Size

1.20% per annum (inc. GST)

Management Fees1

15%

Performance Fees1,2

Monthly

Fund Updates

Annually

Distribution Frequency
$5.1543
As at
7 Apr 2026 01:58:18 PM
Indicative NAV per unit**
$5.1543
As at
7 Apr 2026 01:58:18 PM

ASX Code: LPGD
ARSN: 098 764 080
APIR: MMC0110AU

Fund Identifiers

MSCI All Countries
World Index (net in AUD)

Benchmark

The risk/return profile of the Fund and benchmark differ due to differences in constituents

1. Management fees 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. 

 

Research Ratings, Quantitative Ratings & Firm Awards

Research Ratings
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Quantitative Ratings
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Awards
IMAP Finalist International
AFMA Best Global Manager Finalist
Alt Investment Manager Finalist
IMAP 2024 Finalist
Award
Information and Forms Library

This product is ‘dual access’—that is where investors have a choice to either buy and sell units on the Australian Securities Exchange using the ASX code LPGD, or to invest and redeem units directly with our administrator.

To buy or sell units with the Fund's Administrator:

Invest Now

Application powered by

Connexian is a technology platform built to make investing secure, fast and easy. Invest online in minutes

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Application powered by

Olivia123 is a fast, simple and secure online application process for managed funds.

Hard Copy Application

If you are making a hard copy application, send the application form to Apex Fund Services:

Apex Fund Services - Unit Registry

GPO Box 143

Sydney NSW 2001

If the form isn't loading correctly, click here to go directly to the application form.

Make Regular Payments with BPAY®

Loftus Peak accepts initial direct investments from individuals with a minimum amount of $5,000.

Additional investments into the Fund can also be made via 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 Investor Login.

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.

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

Contact Us

General Enquiries — Loftus Peak

Phone: +61 2 9163 3333

Email: enquiry@loftuspeak.com.au

Account Enquiries – Mason Stevens Limited

Phone: 1300 988 878

Email: wealth@masonstevens.com.au

Frequently Asked Questions

LPHD invests in the same global disruption portfolio as LPGD but hedges foreign currency exposure back to AUD. It targets 15–35 disruptive companies with proven business models, giving you thematic growth with reduced currency volatility.

Currency hedging aims to remove the impact of foreign exchange movements on your returns. LPHD substantially hedges its non-AUD exposure back to Australian dollars, so your returns are driven primarily by the performance of the underlying companies rather than currency fluctuations.

Both funds hold the same portfolio of 15–35 disruptive companies. The key difference is that LPHD hedges its foreign currency exposure back to AUD, while LPGD does not. LPHD benchmarks against the MSCI ACWI hedged to AUD, whereas LPGD benchmarks against the MSCI ACWI in AUD (unhedged).

You can invest in LPHD two ways: buy and sell units on the ASX through your broker (like any share), or apply and redeem directly through our administrator, Connexian. Both give you the same fund exposure.

There is no minimum for buying on the ASX (just your broker’s minimums). For direct applications through the administrator, the minimum is $5,000 initial and $1,000 for additional investments.

The indicative NAV (iNAV) is a real-time estimate of the fund’s per-unit value during ASX trading hours, reflecting live movements in stock markets and currencies. It’s indicative only and may not exactly match the official end-of-day NAV.

Distributions are paid annually, typically within 30 days of 30 June each year. You can opt into the Distribution Reinvestment Plan (DRP) through the administrator.

* 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.