InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. North Multi-manager Active Defensive - Managed fund profile

North Multi-manager Active Defensive - Managed Fund

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

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -0.75% 0.99% 4.56% 13.72% 7.69% 2.64% 2.98% 4.02%
Growth return -0.75% 0.99% 4.07% -% 6.72% 0.04% -0.47% -0.38%
Income return 0% 0% 0.49% -% 0.97% 2.6% 3.45% 4.4%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return -0.94% 0.81% 4.73% 12.7% 6.97% 2.07% 2.67% 4.24%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

North Multi-manager Active Defensive
Australian Equities
13.28%
International Equities
19.01%
Cash
17.12%
Property
2.98%
Fixed Interest
47.61%
Alternatives
0%
Average Allocation of Peers
Australian Equities
11.10%
International Equities
13.65%
Cash
17.14%
Property
4.34%
Fixed Interest
47.59%
Alternatives
6.18%

General Information

Fund Details
Type Description
North Multi-manager Active Defensive (Wholesale)
IPAC Asset Management Limited
IPA0068AU
Multisector Moderate
starstarstar (as at 31 Oct 2024)
Investment Fund
29 Oct 2007
$27.92 million (as at 31 Oct 2024)
$0.9687 (as at 20 Nov 2024)
$0.9671 (as at 20 Nov 2024)
Open
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 30 Sep 2023)

Holding (as at 30 Sep 2023) Type % of Portfolio
Australia (Commonwealth of) Bond - Gov't/Treasury 1.93%
Login now to view the complete list of holdings.

FAQs about the North Multi-manager Active Defensive

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.

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.

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

North Multi-manager Active Defensive’s total return last month was -0.75%. This was made up of a growth return of -0.75% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

North Multi-manager Active Defensive’s total return for the last three months was 0.99%. This was made up of a growth return of 0.99% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

North Multi-manager Active Defensive’s one-year total return is 13.72%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

North Multi-manager Active Defensive’s one-year total return is 2.64%. This was made up of a growth return of 0.04% and an income return of 2.6%. These returns were calculated as at 31 Oct 2024.

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

Australian Equities
13.28%
International Equities
19.01%
Cash
17.12%
Property
2.98%
Fixed Interest
47.61%
Alternatives
0%

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

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

As at 31 Oct 2024, the size of the North Multi-manager Active Defensive managed fund was $27.92 million.

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

The current entry price of the North Multi-manager Active Defensive managed fund is $0.9687 per unit and the current exit price is $0.9671 per unit (as at 20 Nov 2024).

The current exit price of the North Multi-manager Active Defensive managed fund is $0.9671 per unit and the current entry price is $0.9687 per unit (as at 20 Nov 2024).

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.