Loftus Peak Global Disruption Fund

(Managed Fund) (ASX: LPGD)

Loftus Peak is a global fund manager with a focus on investing in listed disruptive business models. Our extensive experience of successfully investing in this disruption thematic brings significant discipline to the investment process. The Fund holdings include both large capitalisation names such as Apple, Google and Alibaba as well as many lesser known names that are challenging most global industries. The portfolio is constructed on the basis of strict criteria, to give exposure to some of the best and fastest growing companies in the world at carefully determined valuations. This kind of geographical and sectoral diversification lowers the concentration risk inherent in the typical Australian portfolio, with its heavy skew toward banks, resources and the Australian dollar. The focus on the future also provides an alternative to investing in line with global share market indices which are inherently backward looking.

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**

$3.0246
18 Jun 2021 12:45:12 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

$180m

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

Latest Fund Update

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

The Loftus Peal Global Disruption Fund offers a concentrated portfolio of:

Beneficiaries of Global Disruption

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

Financial Strength

Holdings typically have large market capitalisations, strong balance sheets and cashflows

Deep understanding of industries and companies

Which have been thoroughly researched using a future focused approach

Fair value exceeds current value

Holdings are included in the portfolio based on a tried and tested valuation methodology

Research Ratings, Quantitative Rankings & Firm Awards

Research Ratings

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Quantitative Ratings

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Firm Awards

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Fund Performance

Performance Summary as at 31 March 2021*

 1m3m6m1y3y p.a.4y p.a.Inception p.a.
(15 November 2016)
Fund (Net) 1-1.52%+0.85%+4.09%+28.82%+22.34%+21.08%+24.64%
Index 2+1.20%+8.60%+10.28%+21.74%+13.01%+12.23%+14.49%
Value Added (Net) 3-2.72%-7.75%-6.19%+7.08%+9.33%+8.85%+10.15%

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

4. 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.

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

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

 
 

Unit price and distribution history

Price DateBuySellNAV
16/06/2021$2.9310$2.9164$2.9237
Historical Unit Prices
Distribution Summary

Two ways to access Loftus Peak Global Disruption Fund

(Managed Fund) (ASX: LPGD)

$3.0247
As at
18 Jun 2021 12:45:16 PM

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

  1. View the indicative Net Asset Value (iNAV)**

    Indicative NAV per unit

    ASX Code: LPGD

    Ticker Details

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

  2. Check the current unit price LPGD

  3. Buy on the ASX - Ticker Code LPGD

Investors should read the Product Disclosure Statement prior to making any investment decisions.

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

** 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 Mainstream Fund Services, the Fund's administrator at:

Telephone: 1300 133 451

Email: registry@mainstreamgroup.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 Mainstream Fund 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.

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 Mainstream Fund Services and is your unique identifier in the Loftus Peak Global Disruption Fund.

An SRN issued by Mainstream Fund 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.

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.