InvestSMART

Morningstar Multi-asset Defensive Z - Managed Fund (Closed)

Fund Objective
Aims to earn a rate of return that exceeds inflation2 by at least 1% p.a. over rolling 3-year periods by investing predominantly in a mix of defensive assets.
Fund Strategy
An actively managed multi-asset Fund predominantly invested in defensive assets such as fixed income and cash. The Fund will be invested dynamically across managed funds; direct securities; exchange traded funds; foreign exchange contracts and/or derivatives. The Fund aims to deliver to investors a consistent return over a medium to long term time horizon whilst protecting the underlying capital of the Fund.

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 -0.97% 1.51% 0.38% 3.89% 4.61% 3.19% 2.63% 2.45%
Growth return -1.78% 0.68% -0.44% 3.04% 3.09% 1.3% -1.42% -1.6%
Income return 0.81% 0.83% 0.82% 0.85% 1.52% 1.89% 4.05% 4.05%
Market index (Morningstar AUS Con Tgt Alloc NR AUD)
Total return 0.45% 1.21% 2.79% 6.38% 7.32% 5% 1.76% 2.83%
As at 31 Mar 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Morningstar Multi-asset Defensive Z
Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Cash
26.03%
Australian Equities
10.70%
International Equities
4.31%
Property & Infrastructure
1.09%
Fixed Interest
56.16%
Alternatives
1.70%

General Information

Fund Details
Type Description
Morningstar Multi-asset Defensive Z (Wholesale)
Closed
Morningstar Investment Management Austra
ASK1214AU
Multisector Conservative
starstarstar (as at 30 Jun 2019)
Investment Fund
8 Dec 2009
$19.46 million (as at 31 Mar 2025)
$0.90883 (as at 1 Apr 2025)
$0.90719 (as at 1 Apr 2025)
Finalised
Offer information
Type Description
MER 0.02% (as at 31 Oct 2024)
Indirect Cost Ratio (ICR) 0.04% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0.02
Minimum initial investment $500,000
Minimum additional investments $100,000

Top 10 holdings (as at 31 Mar 2025)

Holding (as at 31 Mar 2025) Type % of Portfolio
In_cac Cash 100%
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FAQs about the Morningstar Multi-asset Defensive Z

The objective of the Morningstar Multi-asset Defensive Z managed fund is Aims to earn a rate of return that exceeds inflation2 by at least 1% p.a. over rolling 3-year periods by investing predominantly in a mix of defensive assets.

The strategy of the Morningstar Multi-asset Defensive Z managed fund is An actively managed multi-asset Fund predominantly invested in defensive assets such as fixed income and cash. The Fund will be invested dynamically across managed funds; direct securities; exchange traded funds; foreign exchange contracts and/or derivatives. The Fund aims to deliver to investors a consistent return over a medium to long term time horizon whilst protecting the underlying capital of the Fund.

The APIR code of the Morningstar Multi-asset Defensive Z managed fund is ASK1214AU.

Morningstar Multi-asset Defensive Z’s total return last month was -0.97%. This was made up of a growth return of -1.78% and an income return of 0.81%. These returns were calculated as at 31 Mar 2025.

Morningstar Multi-asset Defensive Z’s total return for the last three months was 1.51%. This was made up of a growth return of 0.68% and an income return of 0.83%%. These returns were calculated as at 31 Mar 2025.

Morningstar Multi-asset Defensive Z’s one-year total return is 3.89%. This was made up of a growth return of 3.04% and an income return of 0.85%. These returns were calculated as at 31 Mar 2025.

Morningstar Multi-asset Defensive Z’s one-year total return is 3.19%. This was made up of a growth return of 1.3% and an income return of 1.89%. These returns were calculated as at 31 Mar 2025.

The asset allocation of the Morningstar Multi-asset Defensive Z managed fund is :

Cash
100%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Morningstar Multi-asset Defensive Z managed fund is Morningstar Investment Management Austra.

The Morningstar Multi-asset Defensive Z managed fund belongs to the Multisector Conservative sector/asset class.

As at 31 Mar 2025, the size of the Morningstar Multi-asset Defensive Z managed fund was $19.46 million.

The Morningstar Multi-asset Defensive Z managed fund has an inception date of 8 Dec 2009.

The current entry price of the Morningstar Multi-asset Defensive Z managed fund is $0.90883 per unit and the current exit price is $0.90719 per unit (as at 1 Apr 2025).

The current exit price of the Morningstar Multi-asset Defensive Z managed fund is $0.90719 per unit and the current entry price is $0.90883 per unit (as at 1 Apr 2025).

The minimum initial investment amount for the Morningstar Multi-asset Defensive Z managed fund is $500,000. Minimum additional investment is $100000.

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.