Summit Select Income Generator - Managed Fund (Closed)

Fund Objective

To provide regular and sustainable income with some capital growth over the medium to long-term.

Fund Strategy

The fund seeks to invest in a diversified mix of growth and defensive assets, with a focus on income generation. The fund seeks to invest by using a range of specialist investment managers. While open to all investors, this fund has been designed with low marginal tax payers in mind.

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	1.37%	0.78%	4.23%	2.28%	3.58%	7.2%	4.71%	5.3%
Growth return	2.58%	6.08%	7.63%	10.23%	3.06%	-%	-%	-%
Income return	-1.21%	-5.3%	-3.4%	-7.95%	0.52%	-%	-%	-%
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 30 Apr 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Summit Select Income Generator

Australian Equities: 32.57%

International Equities: 10.49%

Cash: 1.20%

Property: 5.04%

Fixed Interest: 38.72%

Alternatives: 11.98%

Average Allocation of Peers

Australian Equities: 15.88%

International Equities: 27.91%

Cash: 9.88%

Property: 3.97%

Fixed Interest: 35.49%

Alternatives: 6.87%

General Information

Fund Details

Type	Description
Fund Name	Summit Select Income Generator
Fund Status	Closed
Responsible Entity	IPAC Asset Management Limited
APIR Code	IPA0074AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 30 Apr 2023)
Legal Structure	Investment Fund
Fund Inception	10 May 2010
Fund Size	$594.75 million (as at 31 Aug 2024)
Entry Price	$1.1092 (as at 10 May 2023)
Exit Price	$1.1067 (as at 10 May 2023)
Fund Status	Finalised

Offer information

Type	Description
MER	0.82% (as at 30 Sep 2024)
Indirect Cost Ratio (ICR)	0.82% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$100.00
Minimum redemption amount	$1,000.00

FAQs about the Summit Select Income Generator

What is the objective of the Summit Select Income Generator managed fund?

The objective of the Summit Select Income Generator managed fund is To provide regular and sustainable income with some capital growth over the medium to long-term.

What is the strategy for the Summit Select Income Generator managed fund?

The strategy of the Summit Select Income Generator managed fund is The fund seeks to invest in a diversified mix of growth and defensive assets, with a focus on income generation. The fund seeks to invest by using a range of specialist investment managers. While open to all investors, this fund has been designed with low marginal tax payers in mind.

What is the APIR code of the Summit Select Income Generator managed fund?

The APIR code of the Summit Select Income Generator managed fund is IPA0074AU.

What was Summit Select Income Generator’s total return last month?

Summit Select Income Generator’s total return last month was 1.37%. This was made up of a growth return of 2.58% and an income return of -1.21%. These returns were calculated as at 30 Apr 2023.

What was Summit Select Income Generator’s total return for the last three months?

Summit Select Income Generator’s total return for the last three months was 0.78%. This was made up of a growth return of 6.08% and an income return of -5.3%%. These returns were calculated as at 30 Apr 2023.

What is Summit Select Income Generator’s one-year total return?

Summit Select Income Generator’s one-year total return is 2.28%. This was made up of a growth return of 10.23% and an income return of -7.95%. These returns were calculated as at 30 Apr 2023.

What is Summit Select Income Generator’s three-year total return?

Summit Select Income Generator’s one-year total return is 7.2%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 30 Apr 2023.

What is the asset allocation of the Summit Select Income Generator managed fund?

The asset allocation of the Summit Select Income Generator managed fund is :

Australian Equities: 32.57%

International Equities: 10.49%

Cash: 1.20%

Property: 5.04%

Fixed Interest: 38.72%

Alternatives: 11.98%

Who is the responsible Entity of the Summit Select Income Generator managed fund?

The Responsible Entity for the Summit Select Income Generator managed fund is IPAC Asset Management Limited.

What sector/asset class does the Summit Select Income Generator managed fund belong to?

The Summit Select Income Generator managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the Summit Select Income Generator managed fund?

As at 31 Aug 2024, the size of the Summit Select Income Generator managed fund was $594.75 million.

What is the inception date of the Summit Select Income Generator managed fund?

The Summit Select Income Generator managed fund has an inception date of 10 May 2010.

What is the current entry price of the Summit Select Income Generator managed fund?

The current entry price of the Summit Select Income Generator managed fund is $1.1092 per unit and the current exit price is $1.1067 per unit (as at 10 May 2023).

What is the current exit price of the Summit Select Income Generator managed fund?

The current exit price of the Summit Select Income Generator managed fund is $1.1067 per unit and the current entry price is $1.1092 per unit (as at 10 May 2023).

What is the minimum investment amount for the Summit Select Income Generator managed fund?

The minimum initial investment amount for the Summit Select Income Generator managed fund is $20,000. Minimum additional investment is $100.

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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