North Professional Conservative - Managed Fund

Fund Objective

The Fund aims to provide investorswith modest investment returns, with reasonably limited fluctuations in the value of their investment from year to year.

Fund Strategy

The Fund invests in a diversified mix of primarily 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	0.26%	0.89%	3.22%	7.56%	7.57%	3.6%	3.01%	3.5%
Growth return	0.26%	0.73%	3.06%	-%	6.83%	2.64%	0.17%	-0.39%
Income return	0%	0.16%	0.16%	-%	0.74%	0.96%	2.84%	3.89%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return	0.11%	0.93%	2.71%	7.09%	7.23%	3.43%	3.02%	3.94%

As at 28 Feb 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

North Professional Conservative

Australian Equities: 11.50%

International Equities: 22.02%

Cash: 14.65%

Property: 3.07%

Fixed Interest: 47.55%

Alternatives: 1.20%

Average Allocation of Peers

Australian Equities: 10.91%

International Equities: 13.75%

Cash: 14.56%

Property: 4.12%

Fixed Interest: 50.35%

Alternatives: 6.31%

General Information

Fund Details

Type	Description
Fund Name	North Professional Conservative (Wholesale)
Responsible Entity	IPAC Asset Management Limited
APIR Code	IPA0176AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	(as at 31 Jan 2025)
Legal Structure	Investment Fund
Fund Inception	16 Jan 2015
Fund Size	$78.53 million (as at 31 Jan 2025)
Entry Price	$0.9821 (as at 6 Mar 2025)
Exit Price	$0.9804 (as at 6 Mar 2025)
Fund Status	Open

Offer information

Type	Description
MER	0.80% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR)	0.74% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$500,000
Minimum additional investments	$5,000.00
Minimum redemption amount

Top 10 holdings (as at 31 Dec 2024)

Holding (as at 31 Dec 2024)	Type	% of Portfolio
Coolabah Active Global Bond AI Class	Mutual Fund - Open End	5.60%
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FAQs about the North Professional Conservative

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

The objective of the North Professional Conservative managed fund is The Fund aims to provide investorswith modest investment returns, with reasonably limited fluctuations in the value of their investment from year to year.

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

The strategy of the North Professional Conservative managed fund is The Fund invests in a diversified mix of primarily 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 Conservative managed fund?

The APIR code of the North Professional Conservative managed fund is IPA0176AU.

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

North Professional Conservative’s total return last month was 0.26%. This was made up of a growth return of 0.26% and an income return of 0%. These returns were calculated as at 28 Feb 2025.

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

North Professional Conservative’s total return for the last three months was 0.89%. This was made up of a growth return of 0.73% and an income return of 0.16%%. These returns were calculated as at 28 Feb 2025.

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

North Professional Conservative’s one-year total return is 7.56%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 28 Feb 2025.

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

North Professional Conservative’s one-year total return is 3.6%. This was made up of a growth return of 2.64% and an income return of 0.96%. These returns were calculated as at 28 Feb 2025.

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

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

Australian Equities: 11.50%

International Equities: 22.02%

Cash: 14.65%

Property: 3.07%

Fixed Interest: 47.55%

Alternatives: 1.20%

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

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

What sector/asset class does the North Professional Conservative managed fund belong to?

The North Professional Conservative managed fund belongs to the Multisector Moderate sector/asset class.

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

As at 31 Jan 2025, the size of the North Professional Conservative managed fund was $78.53 million.

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

The North Professional Conservative managed fund has an inception date of 16 Jan 2015.

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

The current entry price of the North Professional Conservative managed fund is $0.9821 per unit and the current exit price is $0.9804 per unit (as at 6 Mar 2025).

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

The current exit price of the North Professional Conservative managed fund is $0.9804 per unit and the current entry price is $0.9821 per unit (as at 6 Mar 2025).

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

The minimum initial investment amount for the North Professional Conservative 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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