Public Equity

Fund Overview

Disruption Fund leverages 20 years of venture capital expertise in disruptive innovation to source investments trends and build a portfolio of public equities.
Our unique VC-derived approach identifies disruption themes early, with a focus on tipping points in adoption and growth acceleration.
Disruption Fund seeks to invest in new technologies and business innovations that disrupt the economics of an industry.
We pay particular attention to the onset of the S-curve, large network effects, mass adoption and organic growth. Disruption Fund is an actively managed UCITS investing in global equities, across industries and geographies.

Extending the VC playbook to Public Markets

Capturing the full innovation cycle

Managers

Jean-Edwin Rhea

Fund Manager, Disruption Fund

Mathias Marcoulet

Fund Manager Assistant, Disruption Fund

Funds

Disruption Fund Master

Disruption Fund Master is a multi-cap fund investing in global equities focusing on high growth disruptive businesses in technology, healthcare, energy, mobility and consumer sectors.

The fund promotes ESG characteristics as defined by the SFDR Article 8. Its unique VC-derived approach identifies disruption themes early, with a focus on tipping points in adoption and growth acceleration. Disruption Fund Master is actively managed with a priority for speed and nimbleness, and mindful of volatility. The fund targets a 20% compound return, long-only, unlevered, with a five-year horizon.

Performance

Cumulative performance (%)

	Disruption Fund Master Share A	MSCI World Euro
1M	2.94	0.18
3M	15.92	5.23
YTD	28.89	12.15
1Y	1.12	7.37
Since Inception	1.12	3.61

Annualized performance (%)

	Disruption Fund Master Share A	MSCI World Euro
1M	43.95	2.26
3M	82.03	22.99
YTD	58.91	23.28
1Y	0.91	7.39
Since Inception	0.91	2.94

Key Characteristics - Share A

Share name	DFM – A (EUR)
Creation date	29/07/2022
ISIN code	FR0014007W15
Bloomberg ticker	DISRPMA FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	20,000,000 EUR
Maximum annual fixed mgmt fees including taxes	1%
Maximum subscription commission	0%
Maximum redemption commission	0%
Performance fee	0%
Swing Pricing	Yes
SFDR Classification	Art. 8

Cumulative performance (%)

	Disruption Fund Master Share B	MSCI World Euro
1M	2.62	0.18
3M	14.7	5.23
YTD	0	0
1Y	0	0
Since Inception	17.96	8.22

Annualized performance (%)

	Disruption Fund Master Share B	MSCI World Euro
1M	38.43	2.26
3M	74.39	22.99
YTD	0	0
1Y	0	0
Since Inception	38.29	16.78

Key Characteristics - Share B

Share name	DFM – B (EUR)
Creation date	16/01/2023
ISIN Code	FR001400C858
Bloomberg Ticker	DISRPMB FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	150,000 EUR
Maximum annual fixed mgmt fees including taxes	1.5%
Maximum subscription commission	3.2%
Maximum redemption commission	0%
Performance fee	7.5%
Swing Pricing	Yes
SFDR Classification	Art. 8

Cumulative performance (%)

	Disruption Fund Master Share I	MSCI World Euro
1M	2.81	0.18
3M	15.49	5.23
YTD	27.83	12.15
1Y	4.8	7.37
Since Inception	8.84	4.04

Annualized performance (%)

	Disruption Fund Master Share I	MSCI World Euro
1M	41.8	2.26
3M	79.31	22.99
YTD	56.54	23.28
1Y	4.82	7.39
Since Inception	7.24	3.33

Key Characteristics - Share I

Share name	DFM – I (EUR)
Creation date	17/05/2022
ISIN Code	FR0014007W31
Bloomberg Ticker	DISRPMI FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	1,000,000 EUR
Maximum annual fixed mgmt fees including taxes	1.5%
Maximum subscription commission	0%
Maximum redemption commission	0%
Performance fee	0%
Swing Pricing	Yes
SFDR Classification	Art. 8

Publications, policies & reports

Legal documents (DFM)

Please download

Letters & Factsheets (DFM)

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Factsheets (DFM)

Reports (DFM)

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Disruption Fund Master is a French UCITS, invested primarily in in technological innovation. More specifically, the manager identifies sectors of economic activity experiencing technological and/or structural disruptions that overturn the economic basis of a sector of activity. It invests in companies that initiate and contribute to these disruptions through innovation, creating a new market, across all sectors of activity. The manager looks for leading, fast-growing companies with visionary management. Disruption Fund Master is managed on a discretionary basis with an active allocation policy on the international equity markets, with the aim of outperforming its benchmark MSCI World Total Net Return EUR index, net of management fees, over the recommended investment period (more than 5 years).

Any reference to securities and financial instruments is for illustrative purposes only, to highlight stocks that are or have been included in the portfolio of Disruption Fund Master. It is not intended to promote direct investment in those instruments and does not constitute investment advice nor an offer to invest or subscribe in any asset or funds. The portfolio of Disruption Fund Master may change without prior notice. Past performance is not a reliable indicator of future performance. Performance is net of fees where applicable. Investors may lose some or all of their capital, as the capital in Disruption Fund Alpha or Disruption Fund Master are not guaranteed. Access to the products and services presented herein may be restricted for some individuals or countries. Taxation depends upon the situation of the individual. The risks, fees and recommended investment period for the UCITS presented are detailed in the KID (Key Information Document) and prospectus available on this website. The KID must be made available to the subscriber prior to purchase.

Disruption Fund Alpha

Disruption Fund Alpha is a feeder fund of Disruption Fund Master.

Disruption Fund’s unique VC-derived approach identifies disruption themes early, with a focus on tipping points in adoption and growth acceleration.

Disruption Fund Master is a multi-cap UCITS investing in global equities focusing on high growth disruptive businesses in technology, healthcare, energy, mobility and consumer sectors. The fund promotes ESG characteristics as defined by the SFDR Article 8. The fund targets a 20% compound return, long-only, unlevered, with a five-year horizon.

Performance

Cumulative performance (%)

	Disruption Fund Alpha Share A	MSCI World Euro
1M	2.68	0.18
3M	15.16	5.23
YTD	22.54	12.15
1Y	2.71	7.37
Since Inception	49.94	65.08

Annualized performance (%)

	Disruption Fund Alpha Share A	MSCI World Euro
1M	39.49	2.26
3M	77.25	22.99
YTD	44.92	23.28
1Y	2.72	7.39
Since Inception	9.5	11.89

Key Characteristics - Share A

Share name	DFA – A (EUR)
Creation date	31/01/2019
ISIN Code	FR0012770154
Bloomberg Ticker	DISRPTA FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	1,000,000 EUR
Maximum annual fixed management fees including taxes	1.7%
Maximum subscription commission	0%
Maximum redemption commission	0%
Performance fee	0%
Swing Pricing	Yes
SFDR Classification	Art. 8

Cumulative performance (%)

	Disruption Fund Alpha Share B	MSCI World Euro
1M	2.65	0.18
3M	15.02	5.23
YTD	22.22	12.15
1Y	2.2	7.37
Since Inception	7.19	47.56

Annualized performance (%)

	Disruption Fund Alpha Share B	MSCI World Euro
1M	38.91	2.26
3M	76.42	22.99
YTD	44.22	23.28
1Y	2.21	7.39
Since Inception	2.27	13.38

Key Characteristics - Share B

Share name	DFA – B (EUR)
Creation date	12/06/2020
ISIN Code	FR0012770162
Bloomberg Ticker	DISRPTB FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	100,000 EUR
Maximum annual fixed mgmt fees including taxes	1.7%
Maximum subscription commission	3.2%
Maximum redemption commission	0%
Performance fee	15%
Swing Pricing	Yes
SFDR Classification	Art. 8

Cumulative performance (%)

	Disruption Fund Alpha Share C	MSCI World Euro
1M	2.64	0.18
3M	15.03	5.23
YTD	22.2	12.15
1Y	2.07	7.37
Since Inception	-17.17	30.24

Annualized performance (%)

	Disruption Fund Alpha Share C	MSCI World Euro
1M	38.8	2.26
3M	76.42	22.99
YTD	44.19	23.28
1Y	2.08	7.39
Since Inception	-6.99	10.7

Key Characteristics - Share C

Share name	DFA – C (EUR)
Creation date	12/11/2020
ISIN Code	FR0014000U71
Bloomberg Ticker	DISRPTC FP Equity
Currency	EUR
Benchmark Index	MSCI World TR EUR
Risk indicator (SRI)	5/7
Minimum subscription amount	1,000,000 EUR
Maximum annual fixed mgmt fees including taxes	1.7%
Maximum subscription commission	0%
Maximum redemption commission	0%
Performance fee	0%
Swing Pricing	Yes
SFDR Classification	Art. 8

Publications, policies and reports

Legal documents (DFA)

Please download

Letters & Factsheets (DFA)

Please choose category

Factsheets (DFA)

Reports (DFA)

Please choose category

Disruption Fund Alpha is a French UCITS serving as the feeder fund of Disruption Fund Master. Disruption Fund Master is also a French UCITS, invested primarily in in technological innovation. More specifically, the manager identifies sectors of economic activity experiencing technological and/or structural disruptions that overturn the economic basis of a sector of activity. It invests in companies that initiate and contribute to these disruptions through innovation, creating a new market, across all sectors of activity. The manager looks for leading, fast-growing companies with visionary management. Disruption Fund Master is managed on a discretionary basis with an active allocation policy on the international equity markets, with the aim of outperforming its benchmark MSCI World Total Net Return EUR index, net of management fees, over the recommended investment period (more than 5 years).