Loftus Peak Global Disruption Fund
Loftus Peak is a global fund manager with a focus on investing in listed disruptive businesses. Our extensive experience of successfully investing in disruptive businesses brings significant discipline to the investment process. The fund holdings include large capitalisation names such as Apple, Google and Alibaba, 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 Fund is a registered managed investment scheme.
Fund is available on ASX (Code: LPGD)
The Loftus Peak Global Disruption Fund may be accessed on the ASX as an active Exchange Traded Managed Fund (“active ETF”), as well as directly with the Fund Registry.
- With just one trade on the ASX you can effectively invest in around 20 to 30 global companies that we believe will shape your future.
- There is no minimum investment and no complicated and lengthy paperwork.
- All you require is a stockbroking account.
The “dual registry” structure was the first of its kind in Australia to be applied to a fund investing in global shares, and is proving very popular with investors, and other funds are following our lead. By retaining the Fund’s open-ended structure, it operates without discounts or premiums to NAV, unlike listed investment companies (LICs) which are closed ended.
The price at which an investor will transact in the Fund on the ASX will be based on the Indicative NAV (“iNAV”). 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. 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.
For more information about key differences in how investors can transact in the Fund, please see the Summary Comparison – transacting on a Securities Exchange or with the Administrator in the Product Disclosure Statement at page 7.
Indicative NAV per Unit
* 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.
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|Product Sponsor||Equity Trustees Limited|
|Product Type||Registered Managed Investment Scheme domiciled in Australia|
|Investment Universe||Listed Global Equities|
|Benchmark||MSCI All Countries World Index (net) (as expressed in AUD from Bloomberg)|
|Number Of Investments||15-35|
|Minimum Cash Allocation||1%|
|Maximum Cash Allocation||50%|
|Suggested time frame||3-5 years|
|Inception Date (for Loftus Peak as Manager)||15/11/2016|
|Withdrawal Notice||Generally, notifications received before 2pm on a business day will be processed using the unit price effective for that day.|
|Distributions||Paid annually as at 30 June|
|Annual Management Costs||1.20% per annum (inc. GST)|
|Performance Related Fee||15% in excess of the hurdle return with a high watermark payable six monthly as at 30 June and 31 December each year|
This is general information which does not take account of your particular objectives, financial circumstances or needs. You should consider the Fund’s offering document in deciding whether to acquire, or continue to hold, the product.