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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 | 2.17% | 24.55% | 74.53% | 24.63% | -0.33% |
| Appropriate Market Index (AMI)2 | 0.80% | 10.97% | 27.05% | 26.31% | 17.84% |
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 | 9.01% |
| Roblox Corp | 5.68% |
| Coinbase Global Inc | 5.67% |
| Robinhood Markets Inc | 5.27% |
| Roku Inc | 5.11% |
| Shopify Inc | 4.78% |
| Tempus Ai Inc | 4.63% |
| Palantir Technologies Inc | 4.63% |
| Advanced Micro Devices | 3.33% |
| Teradyne Inc | 2.78% |
Commentary
As of 31 August 2025
Fund Commentary
Key contributors for the month include Tempus AI (TEM), Tesla (TSLA) and Shopify (SHOP).
Shares of Tempus AI contributed to fund performance this month following a strong earnings report highlighting strong year-over-year revenue growth and the acquisition of Paige, an AI digital pathology company. Additionally, the FDA clearance for Tempus ECG-Low EF software and improved financial metrics, including narrowed losses, bolstered positive investor sentiment, resulting in a notable rise in stock price. Shares of Tesla contributed to performance during the month. The company signed a $4.3B battery deal with LG, expanded its robotaxi operations in the Bay Area and Austin, and issued a performance award, roughly equal to one-third of the 2018 CEO compensation plan, to Elon Musk while developing a new compensation plan for November’s shareholder vote. Tesla also appealed a partial liability ruling from a 2019 Autopilot crash and disbanded its Dojo program to focus on its in-car inference chip. Shares of Shopify contributed to the fund this month after the company reported strong second-quarter earnings, including higher-than-expected year-over-year growth in both Gross Merchandise Value (GMV) and revenue. Management emphasized Shopify’s ongoing efforts to develop agentic commerce infrastructure, signalling a long-term commitment to platform innovation and merchant enablement.
Key detractors for the month include Coinbase (COIN), Roblox (RBLX) and Circle (CRCL).
Shares of Coinbase (COIN) detracted from the fund’s performance in August, pressured by a broad pullback in the cryptocurrency market, a period of consolidation in digital asset prices, and a technical disruption on its Base network. Investor sentiment weakened following a disappointing second-quarter earnings report, in which Coinbase reported a revenue decline quarter over quarter and rising operating expenses due to the data breach in May. Additionally, Coinbase’s Layer 2 network, Base, experienced a 33-minute block production halt on August 5 due to a sequencer failure, hurting sentiment during the period. Shares of Roblox detracted from the fund this month following reports that the Louisiana attorney general is suing Roblox over alleged risk from sexual predators. Shares of Circle Internet Group detracted from fund performance. Second-quarter results were strong, with total revenue and reserve income up 53% year-over-year and USDC supply increasing 90% over the past year.