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  5. SUMMIT Select - Active Defensive Units - Managed fund profile

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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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.78% 3.4% 4.1% 7.17% 4.74% 1.02% 2.32% 3.66%
Growth return 1.78% 3.01% 3.7% 6.5% 4.31% 0.63% 0.18% -0.31%
Income return 0% 0.39% 0.4% 0.67% 0.43% 0.39% 2.14% 3.97%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD )
Total return 2.23% 3.89% 4.11% 7.88% 5% 1.26% 2.67% 4.31%
As at 31 Jul 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

SUMMIT Select - Active Defensive Units
Australian Equities
11.61%
International Equities
20.07%
Cash
16.70%
Property
3.26%
Fixed Interest
47.09%
Alternatives
1.27%
Average Allocation of Peers
Australian Equities
11.02%
International Equities
13.31%
Cash
18.65%
Property
4.42%
Fixed Interest
46.18%
Alternatives
6.43%

General Information

Fund Details
Type Description
SUMMIT Select - Active Defensive Units (Wholesale)
IPAC Asset Management Limited
NMM0106AU
Multisector Moderate
starstarstar (as at 31 Jul 2024)
Investment Fund
1 Sep 1999
$9.92 million (as at 31 Jul 2024)
$1.0372 (as at 22 Aug 2024)
$1.0352 (as at 22 Aug 2024)
Open
Offer information
Type Description
MER 0.94% (as at 29 Sep 2023)
Indirect Cost Ratio (ICR) 0.94% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.02
Minimum initial investment $500,000
Minimum redemption amount

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
3 Year Australian Treasury Bond Future June 24 Bond - Treasury Future 2.74%
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FAQs about the SUMMIT Select - Active Defensive Units

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.

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.

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

SUMMIT Select - Active Defensive Units’s total return last month was 1.78%. This was made up of a growth return of 1.78% and an income return of 0%. These returns were calculated as at 31 Jul 2024.

SUMMIT Select - Active Defensive Units’s total return for the last three months was 3.4%. This was made up of a growth return of 3.01% and an income return of 0.39%%. These returns were calculated as at 31 Jul 2024.

SUMMIT Select - Active Defensive Units’s one-year total return is 7.17%. This was made up of a growth return of 6.5% and an income return of 0.67%. These returns were calculated as at 31 Jul 2024.

SUMMIT Select - Active Defensive Units’s one-year total return is 1.02%. This was made up of a growth return of 0.63% and an income return of 0.39%. These returns were calculated as at 31 Jul 2024.

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

Australian Equities
11.61%
International Equities
20.07%
Cash
16.70%
Property
3.26%
Fixed Interest
47.09%
Alternatives
1.27%

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

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

As at 31 Jul 2024, the size of the SUMMIT Select - Active Defensive Units managed fund was $9.92 million.

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

The current entry price of the SUMMIT Select - Active Defensive Units managed fund is $1.0372 per unit and the current exit price is $1.0352 per unit (as at 22 Aug 2024).

The current exit price of the SUMMIT Select - Active Defensive Units managed fund is $1.0352 per unit and the current entry price is $1.0372 per unit (as at 22 Aug 2024).

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.