Key Highlights

  • LHGG is an actively managed fund holding a small portfolio of 16 global growth companies.
  • Technology makes up about 57% of the fund, and consumer cyclical about 22%.
  • Management fees are 1.30% a year, with a final distribution of A$0.063 and an annual Yield of 3.58%.
  • The fund traded at A$1.84 in the 5 November 2026 session, up 3.66%.

The Lakehouse Global Growth Fund Active ETF (ASX:LHGG) gives investors a concentrated, actively managed portfolio of global growth companies. The Investment manager aims to hold 20 to 30 companies in a high-conviction approach, although the fund currently holds 16. Units traded at A$1.84 during the 5 November 2026 session, up 3.66%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$1.84, up 3.66%

Fund size

A$234.60 million

Management fees and costs

1.30% a year

Annual yield

3.58%

Last distribution

A$0.063 final, ex-date 1 July 2026

Number of holdings

16 companies

Benchmark

MSCI ACWI NR AUD

Admitted to ASX

7 April 2025

What the fund is

LHGG is an actively managed exchange-traded fund that invests in global growth companies. Units trade on the ASX, and the manager selects the holdings rather than tracking an index. The fund focuses on mid- and large-capitalisation companies listed in developed markets.

The manager's stated approach is to hold a high-conviction portfolio of 20 to 30 companies with expected long-term growth. The fund currently holds fewer than that, which means its results depend on a small number of positions.

How the portfolio is built

The portfolio is concentrated in technology, which makes up about 57%, and consumer cyclical companies at about 22%. The United States represents about 57% of the fund, with Brazil, Japan, the Netherlands, Canada and Singapore among the other exposures.

The largest holdings include MercadoLibre, ServiceNow, Workiva, Kinaxis and Sansan, with the top ten holdings making up most of the fund. The manager typically keeps 5% to 15% of Assets in cash, though it can hold up to 20% depending on the opportunities it sees.

Income and costs

The most recent distribution was a final payment of A$0.063, with an ex-date of 1 July 2026 and payment on 20 July 2026. The annual yield is 3.58%. Growth-focused funds often pay a lower yield than income funds, and the yield here reflects the portfolio's mix of growth companies.

Management fees and costs are 1.30% a year, which is higher than most broad index funds. Higher fees reduce the net return to unitholders, so the cost should be weighed against what an active, concentrated approach is expected to deliver.

What to understand before investing

Growth stocks are often valued on expectations of future earnings, so their prices can fall sharply if those expectations change. Technology-heavy portfolios can also move together during sector sell-offs, and a concentrated fund of 16 companies can be more volatile than a broad index fund.

Because the fund holds companies listed in several countries, currency movements can affect returns in Australian-dollar terms. Investors should consider how a concentrated growth fund fits with the rest of their holdings and their tolerance for volatility.

Comparing with broad global funds

Investors comparing LHGG with broad global Index Funds may look at the number of holdings, the sector weights, the fee and the fund's approach to cash. The active, high-conviction design of LHGG produces a portfolio that is clearly different from a market-weighted global index.

Final Word

LHGG is a concentrated, actively managed global growth fund with a clear technology tilt. Its higher fee and small number of holdings separate it from the broad index funds covered elsewhere on the ASX.