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This fund provides access to a global share portfolio that offers thematic exposure to disruptive innovation across a number of sectors and geographies.
Disruptive innovation is caused by the introduction of new technologically enabled products or services that permanently change an industry or economic sector by providing greater simplicity, accuracy, customisation and accessibility while driving down costs.
Note: As the Amova ARK Disruptive Innovation Fund has an extremely high level of volatility, investors should be comfortable accepting periodic investment losses in order to try and achieve higher returns over longer timeframes. The recommended timeframe for investment in this fund is a minimum of ten years.
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
| Risk category | Description of volatility |
| 1 | Very low |
| 2 | Low |
| 3 | Medium |
| 4 | Medium to High |
| 5 | High |
| 6 | Very high |
| 7 | Extremely high |
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
ARK is a global asset manager specialising in thematic investing in disruptive innovation. The firm is rooted in over 40 years of experience in investing in technologies that aim to deliver outsized growth as industries transform.
Through its open research process, ARK seeks to identify companies that are leading and benefiting from cross-sector innovations such as artificial intelligence, robotics, energy storage, DNA sequencing, and blockchain technology.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 13.76 | 5.52 | 10.37 | 25.24 | -2.98 |
| Appropriate Market Index (AMI)2 | 3.52 | -1.62 | 26.00 | 24.71 | 18.24 |
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
| Security Name | Percentage |
|---|---|
| Tesla Motors Inc | 8.38% |
| Spacex | 5.65% |
| Tempus Ai Inc | 5.49% |
| Circle Internet Group Inc | 5.20% |
| Robinhood Markets Inc | 4.47% |
| Coinbase Global Inc | 4.29% |
| Shopify Inc | 4.02% |
| Palantir Technologies Inc | 3.63% |
| Advanced Micro Devices Inc. | 3.30% |
| 10X Genomics Inc | 3.15% |
Commentary
As of 31 August 2026
Broad-based global equity indexes ended August higher but off from the new all-time highs achieved early in the month. Relative to the MSCI World Index, the Materials, Information Technology, and Energy sectors outperformed on balance in August, whereas the Utility, Real Estate, and Consumer Staples sectors lagged.
The top contributors include Circle Internet Group, Tempus AI and Palantir. Shares of Circle Internet Group contributed to fund performance this month following their second quarter earnings report that demonstrated resilient revenue as total USDC supply held steady even as the broader crypto market declined significantly. The appointment of a new Fed chair and rising expectations of potential rate hikes further buoyed sentiment, as higher rates would directly increase Circle's treasury yield income on its substantial USDC reserves. Additionally, growing anticipation of the ARC public mainnet launch on September 16th provided a forward-looking catalyst. Shares of Tempus AI contributed to fund performance this month following the announcement by Moderna and Merck that their mRNA based individualized neoantigen therapy for melanoma had succeeded in its phase 3 clinical trial. Shares of Palantir contributed to fund performance this month following their impressive second quarter earnings report, which highlighted significant revenue growth and a notable increase in U.S. commercial revenue. The company also raised its full-year revenue outlook, reflecting strong demand and a growing customer base, which further bolstered investor confidence.
The top detractors include Cerebras, Amazon and Rocket Lab. Shares of Cerebras Systems detracted from fund performance this month following their second quarter earnings report, which highlighted impressive revenue growth year-over-year. Despite strong performance metrics and a robust pipeline of hardware and cloud deals, the stock faced downward pressure, possibly influenced by market reactions to their guidance. Shares of Amazon detracted from fund performance this month. The company announced an expansion of its drone delivery service across the U.S., significantly increasing its operational footprint. Despite the positive developments in drone delivery and the launch of Zoox's robotaxi service in Las Vegas, concerns about the financial sustainability of these ventures and competitive pressures in the satellite broadband market may have influenced investor sentiment. Shares of Rocket Lab detracted from fund performance this month following their second quarter earnings report, which revealed a narrowing launch window for their Neutron rocket and a deceleration in revenue growth. Despite strong demand for launches and significant contracts awarded, including a large deal with the U.S. Space Force, the stock also faced pressure from a broader decline across the aerospace and defence sector.