SUMMIT Select - Active Defensive Units - Managed Fund

Fund Objective

To provide some growth in your investment over the short to medium term with smaller fluctuations in value than the other Active investment options.

Fund Strategy

The fund seeks to invest in a diversified mix of predominantly defensive assets such as cash and fixed interest with a target allocation of 30% invested in growth assets such as equities and property. The fund seeks to invest by using a range of specialist 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

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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	-0.65%	1.12%	4.56%	12.24%	6.58%	1.82%	2.38%	3.62%
Growth return	-0.65%	1.12%	4.16%	-%	6.14%	1.43%	0.24%	-0.35%
Income return	0%	0%	0.4%	-%	0.44%	0.39%	2.14%	3.97%
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

SUMMIT Select - Active Defensive Units

Australian Equities: 11.07%

International Equities: 22.09%

Cash: 14.25%

Property: 3.05%

Fixed Interest: 48.29%

Alternatives: 1.25%

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
Fund Name	SUMMIT Select - Active Defensive Units (Wholesale)
Responsible Entity	IPAC Asset Management Limited
APIR Code	NMM0106AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	1 Sep 1999
Fund Size	$9.61 million (as at 31 Oct 2024)
Entry Price	$1.0541 (as at 20 Nov 2024)
Exit Price	$1.0522 (as at 20 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	1.12% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR)	1.06% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$500,000
Minimum redemption amount

FAQs about the SUMMIT Select - Active Defensive Units

What is the objective of the SUMMIT Select - Active Defensive Units managed fund?

The objective of the SUMMIT Select - Active Defensive Units managed fund is To provide some growth in your investment over the short to medium term with smaller fluctuations in value than the other Active investment options.

What is the strategy for the SUMMIT Select - Active Defensive Units managed fund?

The strategy of the SUMMIT Select - Active Defensive Units managed fund is The fund seeks to invest in a diversified mix of predominantly defensive assets such as cash and fixed interest with a target allocation of 30% invested in growth assets such as equities and property. The fund seeks to invest by using a range of specialist investment managers.

What is the APIR code of the SUMMIT Select - Active Defensive Units managed fund?

The APIR code of the SUMMIT Select - Active Defensive Units managed fund is NMM0106AU.

What was SUMMIT Select - Active Defensive Units’s total return last month?

SUMMIT Select - Active Defensive Units’s total return last month was -0.65%. This was made up of a growth return of -0.65% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

What was SUMMIT Select - Active Defensive Units’s total return for the last three months?

SUMMIT Select - Active Defensive Units’s total return for the last three months was 1.12%. This was made up of a growth return of 1.12% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

What is SUMMIT Select - Active Defensive Units’s one-year total return?

SUMMIT Select - Active Defensive Units’s one-year total return is 12.24%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

What is SUMMIT Select - Active Defensive Units’s three-year total return?

SUMMIT Select - Active Defensive Units’s one-year total return is 1.82%. This was made up of a growth return of 1.43% and an income return of 0.39%. These returns were calculated as at 31 Oct 2024.

What is the asset allocation of the SUMMIT Select - Active Defensive Units managed fund?

The asset allocation of the SUMMIT Select - Active Defensive Units managed fund is :

Australian Equities: 11.07%

International Equities: 22.09%

Cash: 14.25%

Property: 3.05%

Fixed Interest: 48.29%

Alternatives: 1.25%

Who is the responsible Entity of the SUMMIT Select - Active Defensive Units managed fund?

The Responsible Entity for the SUMMIT Select - Active Defensive Units managed fund is IPAC Asset Management Limited.

What sector/asset class does the SUMMIT Select - Active Defensive Units managed fund belong to?

The SUMMIT Select - Active Defensive Units managed fund belongs to the Multisector Moderate sector/asset class.

What is the size of the SUMMIT Select - Active Defensive Units managed fund?

As at 31 Oct 2024, the size of the SUMMIT Select - Active Defensive Units managed fund was $9.61 million.

What is the inception date of the SUMMIT Select - Active Defensive Units managed fund?

The SUMMIT Select - Active Defensive Units managed fund has an inception date of 1 Sep 1999.

What is the current entry price of the SUMMIT Select - Active Defensive Units managed fund?

The current entry price of the SUMMIT Select - Active Defensive Units managed fund is $1.0541 per unit and the current exit price is $1.0522 per unit (as at 20 Nov 2024).

What is the current exit price of the SUMMIT Select - Active Defensive Units managed fund?

The current exit price of the SUMMIT Select - Active Defensive Units managed fund is $1.0522 per unit and the current entry price is $1.0541 per unit (as at 20 Nov 2024).

What is the minimum investment amount for the SUMMIT Select - Active Defensive Units managed fund?

The minimum initial investment amount for the SUMMIT Select - Active Defensive Units managed fund is $500,000.

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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