SUMMIT Select - Active Moderate Defensive - Managed Fund

Fund Objective

To provide modest growth in your investment over the medium term with some fluctuations in value likely.

Fund Strategy

The fund seeks to invest in a diversified mix of growth and defensive assets. Growth assets such as equities and property will have an average allocation over time of 50%, with the balance in defensive assets such as cash and fixed interest. The fund tries to achieve its objective by using a range of complementary 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	-0.55%	1.55%	5.91%	16.39%	8.98%	3.24%	4.27%	5.14%
Growth return	-0.55%	1.55%	5.33%	-%	8.4%	1.25%	0.68%	-0.01%
Income return	0%	0%	0.58%	-%	0.58%	1.99%	3.59%	5.15%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	-0.68%	1.17%	6.1%	16.84%	9.57%	3.59%	4.65%	5.92%

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

Asset Allocation

SUMMIT Select - Active Moderate Defensive

Australian Equities: 20.33%

International Equities: 32.15%

Cash: 6.35%

Property: 4.10%

Fixed Interest: 35.81%

Alternatives: 1.26%

Average Allocation of Peers

Australian Equities: 15.86%

International Equities: 27.73%

Cash: 10.19%

Property: 3.97%

Fixed Interest: 35.38%

Alternatives: 6.87%

General Information

Fund Details

Type	Description
Fund Name	SUMMIT Select - Active Moderate Defensive (Wholesale)
Responsible Entity	IPAC Asset Management Limited
APIR Code	NMM0107AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 31 Oct 2024)
Legal Structure	Investment Fund
Fund Inception	1 Sep 1999
Fund Size	$37.19 million (as at 31 Oct 2024)
Entry Price	$1.0944 (as at 20 Nov 2024)
Exit Price	$1.0921 (as at 20 Nov 2024)
Fund Status	Open

Offer information

Type	Description
MER	0.98% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR)	0.93% (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 Moderate Defensive

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

The objective of the SUMMIT Select - Active Moderate Defensive managed fund is To provide modest growth in your investment over the medium term with some fluctuations in value likely.

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

The strategy of the SUMMIT Select - Active Moderate Defensive managed fund is The fund seeks to invest in a diversified mix of growth and defensive assets. Growth assets such as equities and property will have an average allocation over time of 50%, with the balance in defensive assets such as cash and fixed interest. The fund tries to achieve its objective by using a range of complementary specialist investment managers.

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

The APIR code of the SUMMIT Select - Active Moderate Defensive managed fund is NMM0107AU.

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

SUMMIT Select - Active Moderate Defensive’s total return last month was -0.55%. This was made up of a growth return of -0.55% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

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

SUMMIT Select - Active Moderate Defensive’s total return for the last three months was 1.55%. This was made up of a growth return of 1.55% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

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

SUMMIT Select - Active Moderate Defensive’s one-year total return is 16.39%. 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 Moderate Defensive’s three-year total return?

SUMMIT Select - Active Moderate Defensive’s one-year total return is 3.24%. This was made up of a growth return of 1.25% and an income return of 1.99%. These returns were calculated as at 31 Oct 2024.

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

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

Australian Equities: 20.33%

International Equities: 32.15%

Cash: 6.35%

Property: 4.10%

Fixed Interest: 35.81%

Alternatives: 1.26%

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

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

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

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

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

As at 31 Oct 2024, the size of the SUMMIT Select - Active Moderate Defensive managed fund was $37.19 million.

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

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

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

The current entry price of the SUMMIT Select - Active Moderate Defensive managed fund is $1.0944 per unit and the current exit price is $1.0921 per unit (as at 20 Nov 2024).

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

The current exit price of the SUMMIT Select - Active Moderate Defensive managed fund is $1.0921 per unit and the current entry price is $1.0944 per unit (as at 20 Nov 2024).

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

The minimum initial investment amount for the SUMMIT Select - Active Moderate Defensive 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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