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NUMBER OF STOCKS

Approx. 10-30

CASH PERCENTAGE

2-50%

HEDGED OR UNHEDGED

Unhedged

BENCHMARK

MSCI AC World Index (Net)

(The risk/return profile of the Fund and benchmark differ due to differences in constituents)

DISTRIBUTION FREQUENCY

Annually

UNIT PRICE*

$3.4897 (As at 22/05/2024)

MINIMUM INITIAL INVESTMENT AMOUNT

$5,000

BUY/SELL SPREAD

0.20/0.20%

MANAGEMENT FEE INC. GST

1.45% (of the net asset value of the Fund)

PERFORMANCE FEE

No

PERFORMANCE FEE

See PDS, IB and TMD for more details

PERFORMANCE FEE

Meet the team

The Orca Global Disruption Fund is managed by Loftus Peak, appointed 1 March 2024. For more information on Loftus Peak and the team click here.

Fund strategy

Investment criteria

The Investment Manager will target approximately 10-30 investments (primarily listed companies) which may exhibit some, or all of the following characteristics:

ability to disrupt existing markets and businesses
ability to utilise new technology to disrupt
growth potential
scalability
appropriate capital structure to fund research and development, as well as growth

Market reach

Complementing a relatively large exposure to major listed global companies will be a selection of smaller positions identified by the Investment Manager that have the potential to disrupt existing industries and companies.

The majority of investments are expected to be in overseas companies.

Fund construction

The fund is constructed in a concentrated, benchmark unaware manner. The Investment Manager will target the following investment parameters for the Fund:

10-30investments
30-98%listed international securities
up to 20%listed Australian equities
2-50%cash

At the time of acquisition, there will be a maximum weighting of 15 per cent for any one security and not more than 20 per cent of the fund to comprise unlisted securities, measured at the time of the latest acquisition of unlisted securities.

Risk management

It is not presently intended that the Fund will hedge against currency risk, and as such performance of the Fund will be impacted by currency fluctuations.

Fund top 10 holdings

As at 30 April 2024

NAME GICS SECTOR
Alphabet Communication Services
Amazon.com Consumer Discretionary
Advanced Micro Devices Information Technology
Broadcom Information Technology
Meta Platforms Communication Services
Micron Technology Information Technology
Microsoft Information Technology
Netflix Communication Services
Qualcomm Information Technology
TSMC Information Technology
 

Performance - OGDF

Performance (Loftus Peak appointed Manager as at 1 March 2024)

As at 30 April 2024

  1 MONTH 3 MONTHS 6 MONTHS 1 YEAR 3 YEARS P.A. 5 YEARS P.A. INCEPTION P.A.
Orca Global Disruption Fund -4.2% 9.2% 35.5% 48.1% 3.9% 11.9% 14.6%
MSCI AC World Index (Net, AUD) -2.8% 5.9% 17.2% 20.0% 10.5% 11.3% 12.3%
Excess Return -1.4% 3.3% 18.2% 28.1% -6.7% 0.5% 2.3%

Notes:

  1. All returns beyond one year are annualised. Inception date 25 July 2017.
  2. All returns are total returns, inclusive of reinvested distributions and net of fees and costs using net asset value per unit from inception to, and including, 31 January 2021 and exit unit price from this date.
  3. Index net total returns are sourced from Bloomberg.
  4. Past performance is not indicative of future performance.
  5. The Orca Global Disruption Fund is designed in a benchmark unaware manner. The Investment Manager believes the MSCI AC World Index is appropriate for comparison purposes given the Fund invests in companies across a range of industries including technology, renewable energy, consumer, communication services and healthcare. The risk/return profiles of the Fund and benchmark differ due to differences in the constituents of each. The Fund’s objective is to provide investors with capital growth over the long-term through exposure to companies that benefit from disruptive innovation – in or from any industry/sector, including emerging market listed investments.
  6. Please note, Loftus Peak Pty Limited replaced Orca Funds Management as the Investment Manager of the Orca Global Disruption Fund on 1 March 2024.
  7. The data source for the Fund's benchmark was changed from Bloomberg to MSCI effective 29 February 2024. All data prior to this date remains unchanged
 

Unit price*

DATE
NAV UNIT PRICE
ENTRY UNIT PRICE
EXIT UNIT PRICE
22/05/2024 $3.4897 $3.4967 $3.4827
21/05/2024 $3.4669 $3.4738 $3.4600
20/05/2024 $3.4603 $3.4672 $3.4534
17/05/2024 $3.4145 $3.4213 $3.4077
16/05/2024 $3.4148 $3.4216 $3.4080
15/05/2024 $3.4399 $3.4468 $3.4330
14/05/2024 $3.3924 $3.3992 $3.3856
13/05/2024 $3.3515 $3.3582 $3.3448
10/05/2024 $3.3583 $3.3650 $3.3516
09/05/2024 $3.3393 $3.3460 $3.3326
08/05/2024 $3.3528 $3.3595 $3.3461
07/05/2024 $3.3449 $3.3516 $3.3382
06/05/2024 $3.3411 $3.3478 $3.3344
03/05/2024 $3.2977 $3.3043 $3.2911
02/05/2024 $3.2910 $3.2976 $3.2844
01/05/2024 $3.2320 $3.2385 $3.2255
30/04/2024 $3.2432 $3.2497 $3.2367
29/04/2024 $3.2692 $3.2757 $3.2627
26/04/2024 $3.2799 $3.2865 $3.2733
24/04/2024 $3.2681 $3.2746 $3.2616

*Cum-distribution unit price

Download all

Distributions

RECORD DATE PAYMENT DATE DISTRIBUTION PER UNIT
30 Jun 2023 N/A 0.0 cents
30 Jun 2022 20 Jul 2022 10 cents
30 Jun 2021 22 Jul 2021 22.0 cents
30 Jun 2020 20 Jul 2020 15.0 cents
29 Jun 2018 20 Jul 2018 4.0 cents

Platform footprint

Platform Orca Global Disruption Fund Evans and Partners Global Disruption Portfolio (SMA)
Asgard eWrap
BT Panorama
Hub24
Macquarie Wrap Accumulator
Powerwrap
Xplore
color Available and open to new investments
color Available but not open to new investments

Fees

Management fee

Currently, the maximum aggregate amount that will be charged to the Fund to cover the Responsible Entity’s fee, the Investment Manager’s fee and ordinary ongoing expenses incurred in connection with the administration and operation of the Fund such as custodian fees, administration and audit fees, and other ordinary expenses of operating the Fund (but not including transaction costs or extraordinary expenses) will not exceed 1.45% (including a maximum of 0.15% per annum in Ordinary Operating Expenses) per annum of the net asset value of the Fund, including the net effect of GST.

How to Invest - OGDF

2. Complete

Apply online

If you are a new or existing investor wanting to apply online, start your application here. You will be guided through the documents and information required to complete your application.

Note: Online application forms submitted to Boardroom Registry after 2pm will not be processed until the following business day.

Fill in paper form

If you are a new investor, please complete the initial application form and required identification form.

If you are an existing investor, please complete the additional investments form.

3. Send

Please mail your Application Form, Identification Form and certified copies of your required identification to:

Boardroom Pty Limited
GPO Box 3993
Sydney NSW 2001

Or email: orcafunds@boardroomlimited.com.au

If you have an adviser, they may be able to assist you. If you are an existing investor, your adviser will require your Boardroom Registry number (which can be found on your latest distribution or holding statement) and postcode to lodge an application on your behalf.

The fund is available on various platforms and the full list can be viewed here.

Announcements

RELEASED DATE DESCRIPTION LINK
15/05/2024 Orca Global Disruption Fund Monthly Update - April 2024 Download
15/05/2024 Orca Global Disruption Fund Target Market Determination - April 2024 Download
23/04/2024 Orca Global Disruption Fund - Information Booklet 2024 Download
23/04/2024 Orca Global Disruption Fund - Product Disclosure Statement 2024 Download
23/04/2024 Orca Global Disruption Fund Monthly Update - March 2024 Download
19/03/2024 Orca Global Disruption Fund Monthly Update - February 2024 Download
14/03/2024 ORGD Half-Year Financial Report – December 2023 Download
01/03/2024 Orca Global Disruption Fund – Significant Events Notice Download
14/02/2024 Orca Global Disruption Fund Monthly Update - January 2024 Download
24/01/2024 Orca Global Disruption Fund Quarterly Update - December 2023 Download
16/01/2024 Orca Global Disruption Fund Monthly Update - December 2023 Download
17/12/2023 Orca Global Disruption Fund – Significant Events Notice Download
13/12/2023 Orca Global Disruption Fund Monthly Update - November 2023 Download
20/11/2023 Orca Global Disruption Fund Monthly Update - October 2023 Download
24/10/2023 Orca Global Disruption Fund Quarterly Update - September 2023 Download
17/10/2023 Orca Global Disruption Fund Monthly Update - September 2023 Download
15/09/2023 Orca Global Disruption Fund Monthly Update - August 2023 Download
16/08/2023 Orca Global Disruption Fund monthly Update - July 2023 Download
26/07/2023 Orca Global Disruption Fund Quarterly Update - June 2023 Download
21/07/2023 30 June 2023 – Nil Cash Distribution & 12H Download
14/07/2023 Orca Global Disruption Fund Monthly Update – June 2023 Download
16/06/2023 Estimated Distribution - June 2023 Download
15/06/2023 Orca Global Disruption Fund Monthly Update – May 2023 Download
15/05/2023 Orca Global Disruption Fund Monthly Update – April 2023 Download
28/04/2023 Orca Global Disruption Fund Quarterly Update - March 2023 Download
14/04/2023 Orca Global Disruption Fund Monthly Update – March 2023 Download
15/03/2023 Orca Global Disruption Fund Monthly Update - February 2023 Download
21/02/2023 Orca Global Disruption Fund Monthly Update - January 2023 Download
27/01/2023 Orca Global Disruption Fund Quarterly Update - December 2022 Download
17/01/2023 Orca Global Disruption Fund Monthly Update – December 2022 Download
15/12/2022 Orca Global Disruption Fund - Fund Update Download
14/12/2022 Orca Global Disruption Fund Monthly Update – November 2022 Download
15/11/2022 Orca Global Disruption Fund Monthly Update – October 2022 Download
13/10/2022 Orca Global Disruption Fund Monthly Update – September 2022 Download
09/09/2022 Orca Global Disruption Fund Monthly Update – August 2022 Download
11/08/2022 Orca Global Disruption Fund Monthly Update – July 2022 Download
20/07/2022 30 June 2022 – 12H Download
19/07/2022 Orca Global Disruption Fund Monthly Update – June 2022 Download
22/06/2022 Orca Global Disruption Fund Monthly Update – May 2022 Download
16/06/2022 Estimated Distribution - June 2022 Download
13/05/2022 Orca Global Disruption Fund Monthly Update – April 2022 Download
14/04/2022 Orca Global Disruption Fund Monthly Update – March 2022 Download
18/03/2022 Orca Global Disruption Fund Monthly Update – February 2022 Download
15/02/2022 Orca Global Disruption Fund Monthly Update – January 2022 Download
24/01/2022 Orca Global Disruption Fund Monthly Update – December 2021 Download
10/12/2021 Orca Global Disruption Fund Monthly Update – November 2021 Download
19/11/2021 Orca Global Disruption Fund ESG Notice Download
12/11/2021 Orca Global Disruption Fund Monthly Update – October 2021 Download
14/10/2021 Orca Global Disruption Fund Monthly Update – September 2021 Download
14/09/2021 Orca Global Disruption Fund Monthly Update – August 2021 Download
16/08/2021 Orca Global Disruption Fund Monthly Update – July 2021 Download
28/07/2021 Orca Global Disruption Fund – 30 June 2021 Distribution and 12-H Notice Download
28/07/2021 Orca Global Disruption Fund Monthly Update – June 2021 Download
28/07/2021 Orca Global Disruption Fund – 30 June 2021 Estimated Distribution Download
28/07/2021 Orca Global Disruption Fund Monthly Update – May 2021 Download
28/07/2021 Orca Global Disruption Fund Monthly Update – April 2021 Download
28/07/2021 Orca Global Disruption Fund Monthly Update – March 2021 Download
28/07/2021 Orca Global Disruption Fund Monthly Update – February 2021 Download
28/07/2021 Half-year financial report – December 2020 Download
17/02/2021 Orca Global Disruption Fund Monthly Update – January 2021 Download

Key Documents

Fund information

Product Disclosure Statement (PDS)
Information Booklet
Target Market Determination (TMD)

Investor reports

Monthly report – April 2024
Monthly report – March 2024
Monthly report – February 2024
Half-Year Financial Report – December 2023
Monthly report – January 2024
Quarterly report – December 2023
Monthly report – November 2023
Monthly report – October 2023
Quarterly report – September 2023
Monthly report – September 2023
Monthly report – August 2023
Monthly report – July 2023
Quarterly report – June 2023
Full Year Financial Report – June 2023
Monthly report – June 2023
Monthly report – May 2023
Monthly report – April 2023
Monthly report – March 2023
Monthly report – February 2023
Monthly report – January 2023
Half-Year Financial Report – December 2022
Monthly report – November 2022
Monthly report – October 2022
Monthly report – September 2022
Monthly report – August 2022
Monthly report – July 2022
Annual report – June 2022
Monthly report – June 2022
Monthly report – May 2022
Monthly report – April 2022
Monthly report – March 2022
Monthly report – February 2022
Monthly report – January 2022
Half-year financial report – December 2021
Monthly report – December 2021
Monthly report – November 2021
Monthly report – October 2021
Monthly report – September 2021
Monthly report – August 2021
Monthly report – July 2021
Monthly report – June 2021
Annual report – June 2021
Annual report – June 2020
Half-year financial report – December 2020