Loftus Peak Global Disruption Hedged Active ETF Posts -6.62% Return in October 2026

Aditi Sarkar

11 November 2026 01:13 PM AEDT

Loftus Peak Global Disruption Hedged Active ETF Posts -6.62% Return in October 2026

Image Source: Krish Capital Pty Ltd

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Loftus Peak Global Disruption Hedged Active ETF (ASX:LPHD) recorded a net-of-fees return of -6.62% in October 2026, underperforming its MSCI All Countries World Index benchmark by -5.18% for the month, according to the fund's monthly update filing.

Key Points

The fund returned -6.62% net-of-fees in October 2026, against a benchmark return of -1.44%, resulting in underperformance of -5.18% for the month.
Eli Lilly was the largest contributor to return at +1.4%, followed by Spotify at +0.7% and Instacart at +0.6%.
CATL was the largest detractor at -1.9%, with AI hardware names including Nvidia (-0.9%), TSMC (-0.8%) and ASML (-0.6%) also detracting from performance.
Fund FUM stood at $149 million, with an entry price of AUD 9.8991 and exit price of AUD 9.8497 as at 30 October 2026.
The fund was 96.5% invested at month end, with the balance held in cash and cash equivalents.

October 2026 Performance and Benchmark Comparison

The Loftus Peak Global Disruption Hedged Active ETF returned -6.62% net-of-fees in October 2026, compared with a benchmark decline of -1.44%, producing underperformance of -5.18% for the month. Over three years per annum, the fund has returned +27.78% against the benchmark's +21.41%, representing outperformance of +6.37%. Since inception, the fund has returned +22.00% per annum versus the benchmark's +16.38%, a difference of +5.62%. The filing attributes the monthly decline in part to headwinds associated with the build-out of Artificial Intelligence datacentres. The Australian dollar appreciated +1.1% against the US dollar over the month, reducing the value of US dollar-denominated positions, with the fund carrying an Australian dollar exposure of 103.2% after currency hedging at month end.

Top Contributors and Detractors for October 2026

Eli Lilly contributed +1.4% to the fund's return after reporting results the filing describes as better than expected, with growth in US and international market share in its GLP-1 injectable obesity drug segment. Spotify contributed +0.7% following earnings that exceeded expectations, with total paid users reaching 306 million. Instacart contributed +0.6% following an announced acquisition by DoorDash at US$65 per share. CATL was the largest detractor at -1.9%, following the Chinese government's imposition of a 2% consumption tax on lithium-ion batteries and reduced value-added tax rebates on battery exports. Nvidia detracted -0.9%, with TSMC (-0.8%), ASML (-0.6%), Seagate Technology (-0.5%), Marvell Technology (-0.5%), MKS Instruments (-0.4%) and AMD (-0.4%) also among detractors.

Fund Facts, Fees and Distributions

The fund's inception date is 1 July 2022, with Strategy FUM of $1,480 million. Management fees and costs are 1.20% per annum inclusive of GST net RITC, with a performance fee of 15% in excess of the hurdle return, subject to a high watermark and payable semi-annually. Unit prices are set daily, with an entry price of AUD 9.8991 and exit price of AUD 9.8497 as at 30 October 2026. The fund's annual distribution for 30 June 2026 was 60.00 cents per unit, compared with 75.00 cents per unit for 30 June 2025. The fund holds no exposure to companies involved in fossil fuel extraction, generation and related products, and is disclosed as 61% less carbon intensive than its benchmark.

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