North Multi-manager Active Defensive - Managed Fund (Closed)

Fund Objective

To provide some growth in investors investment over the short to medium term with small fluctuations in value likely.

Fund Strategy

To invest predominantly in defensive assets such as fixed income and cash; across a range of complementary active investment managers.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	0.78%	-1.01%	1.81%	6.45%	6.14%	4.59%	4.03%	3.69%
Growth return	0.78%	-1.01%	1.39%	5.51%	5.18%	1.84%	0.51%	-0.62%
Income return	0%	0%	0.42%	0.94%	0.96%	2.75%	3.52%	4.31%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return	1.06%	2.87%	4.38%	7.21%	7.92%	6.66%	3.89%	4.5%

As at 30 Apr 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

North Multi-manager Active Defensive

Australian Equities: 13.78%

International Equities: 17.73%

Cash: 18.24%

Property & Infrastructure: 3.15%

Fixed Interest: 47.10%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 10.90%

International Equities: 14.96%

Cash: 15.06%

Property & Infrastructure: 3.69%

Fixed Interest: 49.80%

Alternatives: 5.60%

General Information

Fund Details

Type	Description
Fund Name	North Multi-manager Active Defensive (Wholesale)
Fund Status	Closed
Responsible Entity	IPAC Asset Management Limited
APIR Code	IPA0068AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	(as at 30 Apr 2025)
Legal Structure	Investment Fund
Fund Inception	29 Oct 2007
Fund Size	$22.63 million (as at 30 Apr 2025)
Entry Price	$0.9802 (as at 22 May 2025)
Exit Price	$0.97863 (as at 22 May 2025)
Fund Status	Finalised

Offer information

Type	Description
MER	0.84% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR)	0.84% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$10,000,000
Minimum additional investments	$5,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025)	Type	% of Portfolio
Coolabah Active Global Bond Fund Zero Fee Class	Mutual Fund - Unspecified	7.13%
Login now to view the complete list of holdings.

FAQs about the North Multi-manager Active Defensive

What is the objective of the North Multi-manager Active Defensive managed fund?

The objective of the North Multi-manager Active Defensive managed fund is To provide some growth in investors investment over the short to medium term with small fluctuations in value likely.

What is the strategy for the North Multi-manager Active Defensive managed fund?

The strategy of the North Multi-manager Active Defensive managed fund is To invest predominantly in defensive assets such as fixed income and cash; across a range of complementary active investment managers.

What is the APIR code of the North Multi-manager Active Defensive managed fund?

The APIR code of the North Multi-manager Active Defensive managed fund is IPA0068AU.

What was North Multi-manager Active Defensive’s total return last month?

North Multi-manager Active Defensive’s total return last month was 0.78%. This was made up of a growth return of 0.78% and an income return of 0%. These returns were calculated as at 30 Apr 2025.

What was North Multi-manager Active Defensive’s total return for the last three months?

North Multi-manager Active Defensive’s total return for the last three months was -1.01%. This was made up of a growth return of -1.01% and an income return of 0%%. These returns were calculated as at 30 Apr 2025.

What is North Multi-manager Active Defensive’s one-year total return?

North Multi-manager Active Defensive’s one-year total return is 6.45%. This was made up of a growth return of 5.51% and an income return of 0.94%. These returns were calculated as at 30 Apr 2025.

What is North Multi-manager Active Defensive’s three-year total return?

North Multi-manager Active Defensive’s one-year total return is 4.59%. This was made up of a growth return of 1.84% and an income return of 2.75%. These returns were calculated as at 30 Apr 2025.

What is the asset allocation of the North Multi-manager Active Defensive managed fund?

The asset allocation of the North Multi-manager Active Defensive managed fund is :

Australian Equities: 13.78%

International Equities: 17.73%

Cash: 18.24%

Property & Infrastructure: 3.15%

Fixed Interest: 47.10%

Alternatives: 0%

Who is the responsible Entity of the North Multi-manager Active Defensive managed fund?

The Responsible Entity for the North Multi-manager Active Defensive managed fund is IPAC Asset Management Limited.

What sector/asset class does the North Multi-manager Active Defensive managed fund belong to?

The North Multi-manager Active Defensive managed fund belongs to the Multisector Moderate sector/asset class.

What is the size of the North Multi-manager Active Defensive managed fund?

As at 30 Apr 2025, the size of the North Multi-manager Active Defensive managed fund was $22.63 million.

What is the inception date of the North Multi-manager Active Defensive managed fund?

The North Multi-manager Active Defensive managed fund has an inception date of 29 Oct 2007.

What is the current entry price of the North Multi-manager Active Defensive managed fund?

The current entry price of the North Multi-manager Active Defensive managed fund is $0.9802 per unit and the current exit price is $0.97863 per unit (as at 22 May 2025).

What is the current exit price of the North Multi-manager Active Defensive managed fund?

The current exit price of the North Multi-manager Active Defensive managed fund is $0.97863 per unit and the current entry price is $0.9802 per unit (as at 22 May 2025).

What is the minimum investment amount for the North Multi-manager Active Defensive managed fund?

The minimum initial investment amount for the North Multi-manager Active Defensive managed fund is $10,000,000. Minimum additional investment is $5000.

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.

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