InvestSMART

MyNorth Index Defensive - 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 Index investment options.
Fund Strategy
The fund seeks to invest predominantly in defensive assets such as cash and fixed interest. Growth assets will have an average allocation of around 30% invested in growth assets such as shares and property.

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 1.05% 0.82% 5.24% 6.85% 4.31% 1.94% 2.94% -%
Growth return 1.05% 0.82% 4.39% 3.65% -0.06% -1.89% -0.62% -%
Income return 0% 0% 0.85% 3.2% 4.37% 3.83% 3.56% -%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD )
Total return 0.81% 0.35% 4.84% 5.92% 3.7% 1.11% 2.65% 4.14%
As at 31 May 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

MyNorth Index Defensive
Australian Equities
11.80%
International Equities
19.85%
Cash
21.56%
Property
3.64%
Fixed Interest
43.15%
Alternatives
0%
Average Allocation of Peers
Australian Equities
11.41%
International Equities
13.07%
Cash
19.19%
Property
4.67%
Fixed Interest
45.47%
Alternatives
6.19%

General Information

Fund Details
Type Description
MyNorth Index Defensive
IPAC Asset Management Limited
IPA0180AU
Multisector Moderate
starstarstar (as at 31 May 2024)
Investment Fund
11 Feb 2016
$480.55 million (as at 30 Apr 2024)
$1.0113 (as at 6 Jun 2024)
$1.0099 (as at 6 Jun 2024)
Open
Offer information
Type Description
MER 0.36% (as at 1 Oct 2023)
Indirect Cost Ratio (ICR) 0.56% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $500,000
Minimum additional investments $500.00

Top 10 holdings (as at 31 Mar 2024)

Holding (as at 31 Mar 2024) Type % of Portfolio
BHP Group Ltd Equity 1.08%
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FAQs about the MyNorth Index Defensive

The objective of the MyNorth Index Defensive managed fund is To provide some growth in your investment over the short to medium term with smaller fluctuations in value than the other Index investment options.

The strategy of the MyNorth Index Defensive managed fund is The fund seeks to invest predominantly in defensive assets such as cash and fixed interest. Growth assets will have an average allocation of around 30% invested in growth assets such as shares and property.

The APIR code of the MyNorth Index Defensive managed fund is IPA0180AU.

MyNorth Index Defensive’s total return last month was 1.05%. This was made up of a growth return of 1.05% and an income return of 0%. These returns were calculated as at 31 May 2024.

MyNorth Index Defensive’s total return for the last three months was 0.82%. This was made up of a growth return of 0.82% and an income return of 0%%. These returns were calculated as at 31 May 2024.

MyNorth Index Defensive’s one-year total return is 6.85%. This was made up of a growth return of 3.65% and an income return of 3.2%. These returns were calculated as at 31 May 2024.

MyNorth Index Defensive’s one-year total return is 1.94%. This was made up of a growth return of -1.89% and an income return of 3.83%. These returns were calculated as at 31 May 2024.

The asset allocation of the MyNorth Index Defensive managed fund is :

Australian Equities
11.80%
International Equities
19.85%
Cash
21.56%
Property
3.64%
Fixed Interest
43.15%
Alternatives
0%

The Responsible Entity for the MyNorth Index Defensive managed fund is IPAC Asset Management Limited.

The MyNorth Index Defensive managed fund belongs to the Multisector Moderate sector/asset class.

As at 30 Apr 2024, the size of the MyNorth Index Defensive managed fund was $480.55 million.

The MyNorth Index Defensive managed fund has an inception date of 11 Feb 2016.

The current entry price of the MyNorth Index Defensive managed fund is $1.0113 per unit and the current exit price is $1.0099 per unit (as at 6 Jun 2024).

The current exit price of the MyNorth Index Defensive managed fund is $1.0099 per unit and the current entry price is $1.0113 per unit (as at 6 Jun 2024).

The minimum initial investment amount for the MyNorth Index Defensive managed fund is $500,000. Minimum additional investment is $500.

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.