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

Investment Management Leadership
Image
Alex Pollak
CIO and Founder

With 25 years experience in disruptive business models gained during a career with Macquarie Bank, Alex is a Director of Loftus Peak and heads one of the best-performing teams in disruptive investment in Australia.

He was instrumental in bringing both Seek and Carsales.com.au to the Australian stock market. His deep knowledge of investment and global change companies means Loftus Peak clients are ideally placed to benefit financially from the movements in technology which are daily changing the face of markets.

Image
Anshu Sharma
Portfolio Manager and Founder

Anshu began his career as an analyst in global disruption investment more than fifteen years ago. This was soon followed by portfolio manager responsibilities across information technology and communications services sectors, before taking on the Portfolio Manager role at Loftus Peak as one of the founders of the firm in 2014.

Being mentored by the best in this space early on in his career, and having travelled extensively to meet hundreds of global companies, Anshu brings a wealth of experience to investing in disruption.

Anshu has a M.Com from University of New South Wales and a B.Com (Hons) from Delhi University and holds a CIPM® certificate and a Chartered Financial Analyst® designation.

Image
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.

Image
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
$520m
Fund Size
Annually
Management Fees1
15%
Performance Fees1,2
Monthly
Fund Updates
Annually
Distribution Frequency
$4.5668
As at
19 Jul 2024 4:14:59 PM
Indicative NAV per unit**
$4.5668
As at
19 Jul 2024 4:14:59 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
ImageImage
Thematic based and index unaware
A concentrated, futured-focused portfolio
ImageImage
Beneficiaries of Global Disruption
15-35 disruptive companies with proven business models challenging incumbents across all industries
ImageImage
Financial Strength
Typically, holdings have large market capitalisations, strong balance sheets and cashflows
ImageImage
Deep understanding of industries and companies
Thoroughly researched, sometimes over many years
ImageImage
Fair value exceeds current value
Holdings included in portfolio based on tried and tested valuation methodology
ImageImage
Sustainability
Environmental, Social and Governance risk formally integrated in investment process.
Research Ratings, Quantitative Ratings & Firm Awards
Research Ratings
Image
Image
Image
Quantitative Ratings
Image
Image
Image
Image
Image
Firm Awards
Image
Image
Image
Image
Image
Loftus Peak 2019 IMAP Awards
Fund Performance

Chart

Table

 

Performance Summary as at 31 May 2024*

1m3m6m 1y3y p.a.5y p.a.7y p.a.Inception p.a. (15 November 2016)
Fund (Net) 3+3.68%+3.16%+21.83%+39.10%+15.18%+21.13%+18.51%+20.79%
Index 4+1.65%+1.49%+13.49%+20.28%+10.61%+12.64%+11.53%+12.93%
Value Added (Net) 5+2.04%+1.67%+8.34%+18.82%+4.57%+8.49%+6.98%+7.85%

*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.

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 monthly, with a lag of one month. You can view the latest available holdings by clicking here.
Unit Prices and Distribution History
Price DateBuySellNAV
18/04/2024$4.3476$4.3260$4.3368
Two Ways to Access LPGD:

Stockbroker

Administrator

To buy or sell units with your stockbroker:

ASX Code: LPGD

ASX Code: LPGD

$4.5668

Indicative NAV per unit**

19 Jul 2024 4:14:59 PM

OR

View the iNAV on various data houses with associated ticker details:

Provider Units Indicative Nav
Bloomberg LPGD AU EQUITY LPGDIV INDEX
Thomson Reuters LPGD.AX LPGDAUDINAV-SOLA
IRESS LPGD.AXW LPGDAUDINAV
  • 3Check 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.

* 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.

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

Invest Now

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

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.

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.