Key highlights

  • LHGG holds 16 companies, with its top 10 holdings making up 75.93% of the fund.
  • Technology is 57.77% of the portfolio, against a category average of 37.36%, and the United States accounts for 55.71%.
  • The fund size is $247.82 million, the management fee is 1.30% and its annual yield is shown as 3.39%.

Global growth funds buy companies expected to expand sales and earnings quickly, and an active ETF puts those decisions in the hands of a fund manager. The Lakehouse Global Growth Fund Active ETF (ASX:LHGG) is an Australian-listed fund that holds a small number of global companies. It was admitted to the ASX on 7 April 2025, is classified by Morningstar as Equity World Large Growth and uses the MSCI ACWI NR AUD index as its benchmark.

This article explains the exposure LHGG provides, using its ASX fund page, including its sector mix, its geographic spread, its largest holdings, its fee and its distribution. It contains no return data or advice.

What the fund is designed to do

The investment manager’s strategy is to invest the majority of assets in a high-conviction portfolio of 20 to 30 companies with expected long-term growth, with a focus on mid- and large-capitalisation companies listed in developed markets. The fund will typically hold 5% to 15% of assets in cash, but may hold up to 20% based on the prevailing opportunity set.

The fund held 16 companies at the time of the page, which is fewer than the 20 to 30 described in its strategy, and cash was 8.08% of assets compared with a category average of 1.52%. Morningstar describes growth stocks as those with high growth expectations and high valuations, with most portfolios focusing on companies in rapidly expanding industries. The fund’s beta is 1.15 and its standard deviation 26.72, and it had 132,168,051 units outstanding.

Sector allocation

The sector breakdown shows Technology (57.77%), Consumer Cyclical (22.29%), and Financial Services (9.20%) as the three largest allocations. Relative to its Morningstar category average, the fund holds a higher share in Technology (57.77 vs 37.36%), and Consumer Cyclical (22.29 vs 12.17%). It holds a lower share than the category average in Financial Services (9.20 vs 11.75%), Healthcare (6.41 vs 8.48%), Communication Services (4.32 vs 9.35%), Basic Materials (0.00 vs 2.34%), Energy (0.00 vs 2.50%), and Industrials (0.00 vs 12.07%). The remaining listed sectors are Healthcare (6.41%), Communication Services (4.32%), Basic Materials (0.00%), Consumer Defensive (0.00%), Energy (0.00%), Industrials (0.00%), and Real Estate (0.00%).

The fund holds no Industrials, Energy, Basic Materials, Consumer Defensive or Real Estate stocks.

Asset mix, company size and geography

Stocks are 91.92% of the fund and cash is 8.08%. By company size, 72.50% is in companies above $1 billion and 27.49% in companies between $500 million and $1 billion, with none below $500 million. The category averages are 97.07%, 2.57% and 0.35%, so LHGG is more tilted toward mid-sized companies than its peers.

Geographically, the United States accounts for 55.71% of the fund, against a category average of 64.08%. Brazil is 13.73%, the Netherlands 9.27%, Japan 8.70%, Canada 7.90% and Singapore 4.69%, with Brazil and Singapore not shown in the category data.

Top holdings

The ten largest holdings make up 75.93% of the fund, leaving 24.06% in the other six positions. They are MercadoLibre at 12.62%, ServiceNow at 10.15%, Workiva at 8.82%, Adyen at 8.51%, Sansan at 8.00%, Kinaxis at 7.25%, Veeva Systems at 5.89%, Microsoft at 5.57%, Workday at 4.77% and Sea Ltd at 4.31%.

The portfolio is dominated by software and payments businesses, plus a Latin American e-commerce and fintech company and a Southeast Asian digital group, which explains the technology and consumer cyclical weights.

Distributions

LHGG’s most recent distribution was a final distribution of $0.063 per unit, with an ex-date of 1 July 2026, a record date of 2 July 2026 and a payment date of 20 July 2026. The page shows only this distribution in its history, and lists an annual yield of 3.39%.

Fund snapshot and recent filings

On the ASX page, LHGG showed a last price of $1.89, up $0.02 or 1.06%, a bid-offer range of $1.84 to $1.99, a day range of $1.89 to $1.90 and a trading volume of 1,798 units against an average of 15,672. The management fee is 1.30% and the ISIN is AU60OMF11405. Its head office is at Level 22, 530 Collins Street, Melbourne.

Recent announcements include a directors’ resignation notice on 6 October 2026, the monthly unit movements and units on issue report for September on 5 October, the quarterly MPI tracking error disclosure on 2 October, the 2026 Annual Report on 11 September and the monthly report for August on 3 September 2026.

What LHGG’s exposure adds up to

LHGG provides concentrated exposure to 16 global growth companies, with technology weights well above its category and a 1.30% management fee. Its holdings span the United States, Brazil, Europe, Japan and Canada.