Loftus Peak Global Disruption Active ETF (ASX:LPGD) recorded a net-of-fees return of -7.77% for October 2026, compared to a benchmark MSCI All Countries World Index (net) return of -2.75%, resulting in net-of-fees underperformance of -5.03% for the month, according to the fund's monthly update filing.

Key Points

  • The fund returned -7.77% net-of-fees in October 2026, against a benchmark return of -2.75%
  • Fund FUM stood at AUD $831 million, with Strategy FUM at AUD $1,480 million as at the update date
  • Eli Lilly was the largest contributor to return at +1.4%, while CATL was the largest detractor at -1.9%
  • The fund was 97.0% invested at month end, with 31 holdings and a foreign currency exposure of 98.4%
  • Annual distribution for 30 June 2026 was 49.00 cents per unit, with the exit unit price at AUD 5.5042 as at 30 October 2026

October 2026 Fund Performance and Benchmark Comparison

The Loftus Peak Global Disruption Active ETF recorded net-of-fees underperformance of -5.03% against its benchmark for October 2026. Over longer periods, the fund reported outperformance of +7.09% per annum over three years, +3.63% per annum over five years, +6.76% per annum over seven years, and +6.41% per annum since inception on 15 November 2016. The fund's entry price was AUD 5.5318 and exit price was AUD 5.5042 as at 30 October 2026. The Australian dollar appreciated +1.1% against the US dollar over the month, which the filing states decreased the value of the fund's US-dollar denominated positions.

Top Contributors and Detractors to October Return

Eli Lilly was the largest contributor to the fund's October return at +1.4%, followed by Spotify at +0.7% after the company reported a paid user base of 306 million, and Instacart at +0.6% following a disclosed acquisition offer of US$65 per share by Dash. CATL was the largest detractor at -1.9%, with the filing citing a 2% consumption tax on lithium-ion batteries and reduced value-added tax rebates on battery exports imposed by the Chinese government. AI hardware holdings including Nvidia (-0.9%), TSMC (-0.8%), ASML (-0.6%), Seagate Technology (-0.5%), Marvell Technology (-0.5%), MKS Instruments (-0.4%) and AMD (-0.4%) also detracted from returns.

Portfolio Construction and Fund Statistics at Month End

At month end, the fund held 31 positions and was 97.0% invested, with the remainder in cash and cash equivalents. The fund's portfolio statistics disclosed a Sharpe Ratio of 0.98 (using BBSW3M as the risk-free rate), an Information Ratio of 0.55, and volatility of 17.7%. The fund's ESG attributes included carbon intensity 61% less than the benchmark, with no exposure to companies involved in fossil fuel extraction, generation, and related products and services. Management fees and costs are 1.20% per annum inclusive of GST net RITC, with performance fees of 15% in excess of the hurdle return, subject to a high watermark, payable semi-annually.