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  5. MyNorth Index Balanced - Managed fund profile

MyNorth Index Balanced - Managed Fund

Fund Objective
To provide moderate growth in your investment over the medium to long term with moderate fluctations in value likely.
Fund Strategy
The fund seeks to invest a diversified mix of growth and defensive assets. Growth assets such as shares and property will have an average allocation over time of around 70%, with the balance in defensive assets such as cash and fixed interest. The fund seeks to invest by using a range of specialist investment managers.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 3.08% 4.32% 9.33% 19.13% 11.59% 5.86% 6.68% -%
Growth return 3.08% 4.32% 2.75% 11.08% 5.06% -2.45% -0.34% -%
Income return 0% 0% 6.58% 8.05% 6.53% 8.31% 7.02% -%
Market index (Morningstar AUS Growth Tgt Alloc NR AUD)
Total return 2.98% 4.07% 9.17% 18.84% 11.44% 6.08% 6.76% 7.77%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MyNorth Index Balanced
Australian Equities
29.27%
International Equities
37.68%
Cash
6.70%
Property
3.90%
Fixed Interest
22.44%
Alternatives
0%
Average Allocation of Peers
Australian Equities
27.54%
International Equities
33.90%
Cash
5.64%
Property
6.85%
Fixed Interest
21.68%
Alternatives
4.39%

General Information

Fund Details
Type Description
MyNorth Index Balanced
IPAC Asset Management Limited
IPA0182AU
Multisector Growth
starstarstar (as at 30 Nov 2024)
Investment Fund
11 Feb 2016
$4222.18 million (as at 30 Nov 2024)
$1.1105 (as at 19 Dec 2024)
$1.109 (as at 19 Dec 2024)
Open
Offer information
Type Description
MER 0.36% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR) 0.40% (as at 30 Jun 2024)
Performance fee (not included in ICR) 0
Minimum initial investment $500,000
Minimum additional investments $500.00

Top 10 holdings (as at 30 Jun 2024)

Holding (as at 30 Jun 2024) Type % of Portfolio
BHP Group Ltd Equity 2.81%
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FAQs about the MyNorth Index Balanced

The objective of the MyNorth Index Balanced managed fund is To provide moderate growth in your investment over the medium to long term with moderate fluctations in value likely.

The strategy of the MyNorth Index Balanced managed fund is The fund seeks to invest a diversified mix of growth and defensive assets. Growth assets such as shares and property will have an average allocation over time of around 70%, with the balance in defensive assets such as cash and fixed interest. The fund seeks to invest by using a range of specialist investment managers.

The APIR code of the MyNorth Index Balanced managed fund is IPA0182AU.

MyNorth Index Balanced’s total return last month was 3.08%. This was made up of a growth return of 3.08% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

MyNorth Index Balanced’s total return for the last three months was 4.32%. This was made up of a growth return of 4.32% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

MyNorth Index Balanced’s one-year total return is 19.13%. This was made up of a growth return of 11.08% and an income return of 8.05%. These returns were calculated as at 30 Nov 2024.

MyNorth Index Balanced’s one-year total return is 5.86%. This was made up of a growth return of -2.45% and an income return of 8.31%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the MyNorth Index Balanced managed fund is :

Australian Equities
29.27%
International Equities
37.68%
Cash
6.70%
Property
3.90%
Fixed Interest
22.44%
Alternatives
0%

The Responsible Entity for the MyNorth Index Balanced managed fund is IPAC Asset Management Limited.

The MyNorth Index Balanced managed fund belongs to the Multisector Growth sector/asset class.

As at 30 Nov 2024, the size of the MyNorth Index Balanced managed fund was $4222.18 million.

The MyNorth Index Balanced managed fund has an inception date of 11 Feb 2016.

The current entry price of the MyNorth Index Balanced managed fund is $1.1105 per unit and the current exit price is $1.109 per unit (as at 19 Dec 2024).

The current exit price of the MyNorth Index Balanced managed fund is $1.109 per unit and the current entry price is $1.1105 per unit (as at 19 Dec 2024).

The minimum initial investment amount for the MyNorth Index Balanced managed fund is $500,000. Minimum additional investment is $500.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.