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  5. MyNorth Index High Growth - Managed fund profile

MyNorth Index High Growth - Managed Fund

Fund Objective
To provide high growth in your investment over the long term with larger fluctuations in value likely when compared to other Index investment options.
Fund Strategy
This investment option invests in a diversified mix of growth assets such as shares and property that will have an average allocation over time of around 99% with the balance in cash.

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 1.44% 0.27% 8.58% 15.14% 15.18% 6.96% 9.03% -%
Growth return -4.66% -5.76% 2.06% 7.26% 7.68% -2.85% 0.97% -%
Income return 6.1% 6.03% 6.52% 7.88% 7.5% 9.81% 8.06% -%
Market index (Morningstar AUS Agg Tgt Alloc NR AUD )
Total return 3.64% 6.56% 9.44% 15.25% 12.91% 6.84% 8.55% 9.15%
As at 30 Jun 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MyNorth Index High Growth
Australian Equities
38.54%
International Equities
51.43%
Cash
7.47%
Property
2.56%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
33.57%
International Equities
48.36%
Cash
4.28%
Property
5.21%
Fixed Interest
5.64%
Alternatives
2.94%

General Information

Fund Details
Type Description
MyNorth Index High Growth
IPAC Asset Management Limited
IPA0184AU
Multisector Aggressive
starstarstarstar (as at 30 Jun 2024)
Investment Fund
11 Feb 2016
$2237.1 million (as at 30 Jun 2024)
$1.1897 (as at 1 Aug 2024)
$1.1881 (as at 1 Aug 2024)
Open
Offer information
Type Description
MER 0.35% (as at 1 Oct 2023)
Indirect Cost Ratio (ICR) 0.56% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $500,000
Minimum additional investments $500.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
BHP Group Ltd Equity 3.58%
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FAQs about the MyNorth Index High Growth

The objective of the MyNorth Index High Growth managed fund is To provide high growth in your investment over the long term with larger fluctuations in value likely when compared to other Index investment options.

The strategy of the MyNorth Index High Growth managed fund is This investment option invests in a diversified mix of growth assets such as shares and property that will have an average allocation over time of around 99% with the balance in cash.

The APIR code of the MyNorth Index High Growth managed fund is IPA0184AU.

MyNorth Index High Growth’s total return last month was 1.44%. This was made up of a growth return of -4.66% and an income return of 6.1%. These returns were calculated as at 30 Jun 2024.

MyNorth Index High Growth’s total return for the last three months was 0.27%. This was made up of a growth return of -5.76% and an income return of 6.03%%. These returns were calculated as at 30 Jun 2024.

MyNorth Index High Growth’s one-year total return is 15.14%. This was made up of a growth return of 7.26% and an income return of 7.88%. These returns were calculated as at 30 Jun 2024.

MyNorth Index High Growth’s one-year total return is 6.96%. This was made up of a growth return of -2.85% and an income return of 9.81%. These returns were calculated as at 30 Jun 2024.

The asset allocation of the MyNorth Index High Growth managed fund is :

Australian Equities
38.54%
International Equities
51.43%
Cash
7.47%
Property
2.56%
Fixed Interest
0%
Alternatives
0%

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

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

As at 30 Jun 2024, the size of the MyNorth Index High Growth managed fund was $2237.1 million.

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

The current entry price of the MyNorth Index High Growth managed fund is $1.1897 per unit and the current exit price is $1.1881 per unit (as at 1 Aug 2024).

The current exit price of the MyNorth Index High Growth managed fund is $1.1881 per unit and the current entry price is $1.1897 per unit (as at 1 Aug 2024).

The minimum initial investment amount for the MyNorth Index High Growth 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.