North Professional Balanced - Managed Fund

Fund Objective

The Fund aims to provide investors with moderate investment returns, with the likelihood of fluctuations in the value of their investment from year to year.

Fund Strategy

The Fund invests in a diversified mix of growth and defensive assets, across a range of complementary underlying managers selected for their expertise in an asset class or investment approach. This diversification provides investors with the potential for a more stable risk-return profile than would be achieved by investing in a single asset class or manager.

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	2.64%	5.1%	7.38%	11.87%	9.23%	4.06%	5.78%	6.52%
Growth return	2.64%	3.35%	5.6%	9.39%	7.68%	-0.48%	0.15%	-0.44%
Income return	0%	1.75%	1.78%	2.48%	1.55%	4.54%	5.63%	6.96%

As at 31 Jul 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

North Professional Balanced

Australian Equities: 28.72%

International Equities: 37.93%

Cash: 5.86%

Property: 4.42%

Fixed Interest: 21.79%

Alternatives: 1.28%

General Information

Fund Details

Type	Description
Fund Name	North Professional Balanced (Wholesale)
Responsible Entity	IPAC Asset Management Limited
APIR Code	IPA0077AU
Morningstar Rating	(as at 31 Jul 2024)
Legal Structure	Unknown
Fund Inception	31 Mar 2011
Fund Size	$591.98 million (as at 31 Jul 2024)
Entry Price	$1.1144 (as at 22 Aug 2024)
Exit Price	$1.1118 (as at 22 Aug 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.86% (as at 29 Sep 2023)
Indirect Cost Ratio (ICR)	0.91% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0.02
Minimum initial investment	$500,000
Minimum additional investments	$5,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024)	Type	% of Portfolio
BHP Group Ltd	Equity	2.50%
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FAQs about the North Professional Balanced

What is the objective of the North Professional Balanced managed fund?

The objective of the North Professional Balanced managed fund is The Fund aims to provide investors with moderate investment returns, with the likelihood of fluctuations in the value of their investment from year to year.

What is the strategy for the North Professional Balanced managed fund?

The strategy of the North Professional Balanced managed fund is The Fund invests in a diversified mix of growth and defensive assets, across a range of complementary underlying managers selected for their expertise in an asset class or investment approach. This diversification provides investors with the potential for a more stable risk-return profile than would be achieved by investing in a single asset class or manager.

What is the APIR code of the North Professional Balanced managed fund?

The APIR code of the North Professional Balanced managed fund is IPA0077AU.

What was North Professional Balanced’s total return last month?

North Professional Balanced’s total return last month was 2.64%. This was made up of a growth return of 2.64% and an income return of 0%. These returns were calculated as at 31 Jul 2024.

What was North Professional Balanced’s total return for the last three months?

North Professional Balanced’s total return for the last three months was 5.1%. This was made up of a growth return of 3.35% and an income return of 1.75%%. These returns were calculated as at 31 Jul 2024.

What is North Professional Balanced’s one-year total return?

North Professional Balanced’s one-year total return is 11.87%. This was made up of a growth return of 9.39% and an income return of 2.48%. These returns were calculated as at 31 Jul 2024.

What is North Professional Balanced’s three-year total return?

North Professional Balanced’s one-year total return is 4.06%. This was made up of a growth return of -0.48% and an income return of 4.54%. These returns were calculated as at 31 Jul 2024.

What is the asset allocation of the North Professional Balanced managed fund?

The asset allocation of the North Professional Balanced managed fund is :

Australian Equities: 28.72%

International Equities: 37.93%

Cash: 5.86%

Property: 4.42%

Fixed Interest: 21.79%

Alternatives: 1.28%

Who is the responsible Entity of the North Professional Balanced managed fund?

The Responsible Entity for the North Professional Balanced managed fund is IPAC Asset Management Limited.

What is the size of the North Professional Balanced managed fund?

As at 31 Jul 2024, the size of the North Professional Balanced managed fund was $591.98 million.

What is the inception date of the North Professional Balanced managed fund?

The North Professional Balanced managed fund has an inception date of 31 Mar 2011.

What is the current entry price of the North Professional Balanced managed fund?

The current entry price of the North Professional Balanced managed fund is $1.1144 per unit and the current exit price is $1.1118 per unit (as at 22 Aug 2024).

What is the current exit price of the North Professional Balanced managed fund?

The current exit price of the North Professional Balanced managed fund is $1.1118 per unit and the current entry price is $1.1144 per unit (as at 22 Aug 2024).

What is the minimum investment amount for the North Professional Balanced managed fund?

The minimum initial investment amount for the North Professional Balanced managed fund is $500,000. 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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