Loftus Peak Global Disruption Fund (Class A)
APIR: PIM4432AU

Loftus Peak replaced Orca Funds Management as the Fund's Investment Manager on 1 March 2024.

A diversified, quality biased portfolio investing in listed global companies that are driving disruption globally. The Fund is a registered managed investment scheme structured as a unit trust.
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Monthly Update - Factsheet

ASX: LPHD

$9.3891

Indicative NAV per unit*

8 Apr 2026 04:29:59 PM

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Fund Overview

The Loftus Peak Global Disruption Fund (Class A) invests in global companies driving industry change, such as Nvidia, first bought in 2016. As well as Microsoft and Broadcom, the diverse portfolio also includes many less well-understood companies which are expected to be household names in the future, such as Advanced Micro Devices and CATL. This global approach aims to reduce concentration risk often associated with home-biased Australian portfolios.

The Fund is a registered managed investment scheme structured as a unit trust. It is not listed on any security exchange.

Fund Holdings (as at 27 February 2026) — Top holdings are published monthly. View Current holdings →
Latest Monthly Update
Fund Update History

Fund Performance

Table

Chart

Performance Summary as at 28 February 2026*

1m3m6m 1y3y p.a.5y p.a.7y p.a.Inception p.a.
Fund (net-of-fees)-3.93%-7.82%-3.90%+3.87%+28.32%+8.49%+13.81%+14.84%
Benchmark-0.43%-3.03%+2.52%+8.37%+18.68%+13.59%+13.00%+13.00%
Outperformance (net-of-fees)-3.49%-4.79%-6.42%-4.49%+9.63%-5.10%+0.82%+1.84%

Source: Loftus Peak, MSCI. Past performance is not a reliable indicator of future performance. Returns greater than one-year are annualised. Net-of-fees performance for the Fund 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, Information Booklet and Target Market Determination. The data source for the Fund's benchmark was changed from Bloomberg to MSCI effective 29 February 2024. All data prior to this date remains unchanged. Loftus Peak Pty Limited replaced Orca Funds Management as the Investment Manager of the Fund on 1 March 2024.

Fund Information
Listed Global Equities
Investment Universe
25 July 2017
Inception Date
$5,000
Minimum Initial Investment
15–35
No. of Investments
1.45%
Management Fee¹
(inc. GST)
No
Performance Fee
Annually
Distribution
MSCI All Countries World Index
(net in AUD)
Benchmark
ARSN: 619 350 042
APIR: PIM4432AU
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.

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.

View full team
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
$5.3212
As at
8 Apr 2026 04:14:59 PM
Indicative NAV per unit**
$5.3212
As at
8 Apr 2026 04:14:59 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. 

Portfolio Construction

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Thematic based and index unaware
A concentrated, futured-focused portfolio
A concentrated, future-focused portfolio
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Beneficiaries of Global Disruption
A concentrated, futured-focused portfolio
15-35 disruptive companies with proven business models challenging incumbents across all industries
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Financial strength
A concentrated, futured-focused portfolio
Typically, holdings have large market capitalisations, strong balance sheets and cashflows
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Deep understanding of industries and companies
A concentrated, futured-focused portfolio
Thoroughly researched, sometimes over many years
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Fair value exceeds current value
A concentrated, futured-focused portfolio
Holdings included in portfolio based on tried and tested valuation methodology
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Sustainability
A concentrated, futured-focused portfolio
Environmental, Social and Governance risk formally integrated in investment process.
Current Holdings
As at 30 January 2026
DateTickerSecurity NameWeight (%)
27/02/2026005930Samsung3.54%
27/02/20261211BYD1.67%
27/02/20261810Xiaomi1.63%
27/02/20262330Taiwan Semiconductor4.14%
27/02/20262454MediaTek1.72%
27/02/20263750CATL5.16%
27/02/2026700Tencent2.63%
27/02/20269988Alibaba1.00%
27/02/2026AMATApplied Materials2.38%
27/02/2026AMDAdvanced Micro Devices3.86%
27/02/2026AMZNAmazon4.02%
27/02/2026ANETArista Networks2.78%
27/02/2026AVGOBroadcom3.59%
27/02/2026CARTInstacart2.39%
27/02/2026DDOGDatadog1.59%
27/02/2026GOOGLAlphabet2.59%
27/02/2026IOTSamsara2.36%
27/02/2026LLYEli Lilly5.16%
27/02/2026MELIMercadoLibre1.65%
27/02/2026METAMeta7.51%
27/02/2026MRVLMarvell Technology2.20%
27/02/2026MSFTMicrosoft3.99%
27/02/2026NVDANVIDIA10.35%
27/02/2026ONON Semiconductor2.03%
27/02/2026ROKURoku5.24%
27/02/2026SPOTSpotify3.86%
27/02/2026STXSeagate Technology1.90%
27/02/2026TSMTaiwan Semiconductor4.45%
27/02/2026UBERUber3.88%
27/02/2026Cash0.72%
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Unit Prices and Distribution History

DateNAV Unit PriceEntry Unit PriceExit Unit Price
07/04/2026$3.0151$3.0211$3.0091
02/04/2026$2.9929$2.9989$2.9869
01/04/2026$2.9748$2.9807$2.9689
Historical Unit Prices
Distribution Summary
How to Access
The Loftus Peak Global Disruption Fund (Class A) is a managed fund. To invest, follow the steps below.

ASX: LPHD

$9.3891

Indicative NAV per unit*

8 Apr 2026 04:29:59 PM

1
Read the Product Disclosure Statement, Information Booklet and Target Market Determination
2
Complete the Application Form online through Boardroom or download the hard copy Application Form.
Apply Online

Apply online through Boardroom’s secure portal. Invest in minutes.

Invest Now

OR email: loftuspeak@boardroomlimited.com.au

Hard Copy Application

Download Application Form

Post your original signed Initial Application Form, Identification Forms and certified copies of your identification required to:

Boardroom Pty Limited
GPO Box 3993, Sydney NSW 2001


Information and Forms Library

📄
Product Disclosure Statement
📄
Information Booklet
📄
Target Market Determination
📄
Document Certification Form

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:

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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.

Information and Forms Library

Product Disclosure Statement
Fund Target Market Determination
Update your Details Form

For a full list of forms:

Downloads Centre

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 – Boardroom Limited

For applications, withdrawals, holdings or distributions

Phone: 1300 737 760

Email: loftuspeak@boardroomlimited.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.