AMS Funds – AMS Medium Term Hrzn Strategy - Managed Fund

Fund Objective

The Fund typically invests in a diversified portfolio mix with exposure to growth investments (around 50%) and defensive investments (around 50%). Derivatives may be used to implement investment strategies. Derivatives are not used to leverage the Fund.

Fund Strategy

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.

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	-4.2%	-2.82%	-1.76%	5.12%	4.82%	7.23%	4.74%	5.18%
Growth return	1.01%	1.09%	3.19%	1.68%	4.04%	3.62%	0.29%	0.7%
Income return	-5.21%	-3.91%	-4.95%	3.44%	0.78%	3.61%	4.45%	4.48%
Market index (Morningstar AUS Balance Tgt Alloc NR AUD)
Total return	-3.58%	-1.82%	-1.2%	6.96%	5.99%	7.56%	4.92%	6.13%

As at 31 Mar 2026. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

AMS Funds – AMS Medium Term Hrzn Strategy

Australian Equities: 18.51%

International Equities: 23.79%

Cash: 0.75%

Fixed Interest: 52.03%

Alternatives: 4.92%

Property & Infrastructure: 0%

Average Allocation of Peers

Australian Equities: 17.68%

International Equities: 27.56%

Cash: 7.13%

Fixed Interest: 34.81%

Alternatives: 9.07%

Property & Infrastructure: 3.75%

General Information

Fund Details

Type	Description
Fund Name	AMS Funds – AMS Medium Term Hrzn Strategy
Responsible Entity	Ironbark Asset Management Pty Ltd
APIR Code	DAM0025AU
Sector/Asset Class	Multisector Balanced
Morningstar Rating	(as at 31 Mar 2026)
Legal Structure	Investment Fund
Fund Inception	3 Oct 2014
Fund Size	$278.64 million (as at 20 Apr 2026)
Entry Price	$1.0525 (as at 21 Apr 2026)
Exit Price	$1.0525 (as at 21 Apr 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.96% (as at 30 Oct 2024)
Indirect Cost Ratio (ICR)	0.79% (as at 30 Jun 2024)
Minimum initial investment	$20,000
Minimum additional investments	$1,000.00
Minimum redemption amount	$1,000.00

Top 10 holdings (as at 31 Dec 2025)

Holding (as at 31 Dec 2025)	Type	% of Portfolio
PIMCO Diversified Fixed Interest W		13.94%
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FAQs about the AMS Funds – AMS Medium Term Hrzn Strategy

What is the objective of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The objective of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is The Fund typically invests in a diversified portfolio mix with exposure to growth investments (around 50%) and defensive investments (around 50%). Derivatives may be used to implement investment strategies. Derivatives are not used to leverage the Fund.

What is the strategy for the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The strategy of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is The Fund typically invests in a diversified portfolio mix with exposure to growth investments (around 50%) and defensive investments (around 50%). Derivatives may be used to implement investment strategies. Derivatives are not used to leverage the Fund.

What is the APIR code of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The APIR code of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is DAM0025AU.

What was AMS Funds – AMS Medium Term Hrzn Strategy’s total return last month?

AMS Funds – AMS Medium Term Hrzn Strategy’s total return last month was -4.2%. This was made up of a growth return of 1.01% and an income return of -5.21%. These returns were calculated as at 31 Mar 2026.

What was AMS Funds – AMS Medium Term Hrzn Strategy’s total return for the last three months?

AMS Funds – AMS Medium Term Hrzn Strategy’s total return for the last three months was -2.82%. This was made up of a growth return of 1.09% and an income return of -3.91%%. These returns were calculated as at 31 Mar 2026.

What is AMS Funds – AMS Medium Term Hrzn Strategy’s one-year total return?

AMS Funds – AMS Medium Term Hrzn Strategy’s one-year total return is 5.12%. This was made up of a growth return of 1.68% and an income return of 3.44%. These returns were calculated as at 31 Mar 2026.

What is AMS Funds – AMS Medium Term Hrzn Strategy’s three-year total return?

AMS Funds – AMS Medium Term Hrzn Strategy’s one-year total return is 7.23%. This was made up of a growth return of 3.62% and an income return of 3.61%. These returns were calculated as at 31 Mar 2026.

What is the asset allocation of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The asset allocation of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is :

Australian Equities: 18.51%

International Equities: 23.79%

Cash: 0.75%

Fixed Interest: 52.03%

Alternatives: 4.92%

Property & Infrastructure: 0%

Who is the responsible Entity of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The Responsible Entity for the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is Ironbark Asset Management Pty Ltd.

What sector/asset class does the AMS Funds – AMS Medium Term Hrzn Strategy managed fund belong to?

The AMS Funds – AMS Medium Term Hrzn Strategy managed fund belongs to the Multisector Balanced sector/asset class.

What is the size of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

As at 20 Apr 2026, the size of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund was $278.64 million.

What is the inception date of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The AMS Funds – AMS Medium Term Hrzn Strategy managed fund has an inception date of 3 Oct 2014.

What is the current entry price of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The current entry price of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is $1.0525 per unit and the current exit price is $1.0525 per unit (as at 21 Apr 2026).

What is the current exit price of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The current exit price of the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is $1.0525 per unit and the current entry price is $1.0525 per unit (as at 21 Apr 2026).

What is the minimum investment amount for the AMS Funds – AMS Medium Term Hrzn Strategy managed fund?

The minimum initial investment amount for the AMS Funds – AMS Medium Term Hrzn Strategy managed fund is $20,000. Minimum additional investment is $1000.

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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