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
Investment Management Leadership |
CIO |
Portfolio Manager |
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Investment Universe Global Equities |
Fund Inception 15 November 2016 |
Fund Size $206m |
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 unawareA concentrated, futured-focused portfolio |
Beneficiaries of Global Disruption15-35 disruptive companies with proven business models challenging incumbents across all industries |
Financial StrengthTypically, holdings have large market capitalisations, strong balance sheets and cashflows |
Deep understanding of industries and companiesThoroughly researched, sometimes over many years |
Fair value exceeds current valueHoldings included in portfolio based on tried and tested valuation methodology |
Fund Performance
Performance Summary as at 31 May 2022*
1m | 3m | 6m | 1y | 3y p.a. | 5y p.a. | Inception p.a. (15 November 2016) |
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Fund (Net) 3 | -0.43% | -12.45% | -23.83% | -9.28% | +15.68% | +14.29% | +17.69% |
Index 4 | -1.32% | -5.05% | -10.42% | +0.36% | +10.37% | +9.75% | +11.80% |
Value Added (Net) 5 | +0.89% | -7.40% | -13.41% | -9.65% | +5.30% | +4.54% | +5.89% |
*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.