North Index Defensive - Managed Fund

Fund Objective

The fund seeks to invest predominantly in defensive assets such as cash and fixed interest with an average allocation over time of around 30% invested in growth assets such as shares and listed property. The fund tries to achieve its objective by using a range of complementary specialist investment managers.

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	0.51%	-0.01%	2.53%	6.16%	7.41%	6.82%	4.28%	4.57%
Growth return	0.51%	-0.74%	1.78%	4.18%	4.57%	3.85%	0.78%	0.61%
Income return	0%	0.73%	0.75%	1.98%	2.84%	2.97%	3.5%	3.96%
Market index (Morningstar AUS Mod Tgt Alloc NR AUD)
Total return	0.3%	-0.32%	2.07%	5.53%	6.61%	6.23%	3.5%	4.55%

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

Asset Allocation

North Index Defensive

Australian Equities: 12.34%

International Equities: 21.02%

Cash: 8.40%

Property & Infrastructure: 3.89%

Fixed Interest: 54.37%

Alternatives: -0.01%

Average Allocation of Peers

Australian Equities: 10.58%

International Equities: 15.45%

Cash: 13.27%

Property & Infrastructure: 3.63%

Fixed Interest: 51.23%

Alternatives: 5.84%

General Information

Fund Details

Type	Description
Fund Name	North Index Defensive
Responsible Entity	AMP Group
APIR Code	NMM0111AU
Sector/Asset Class	Multisector Moderate
Morningstar Rating	(as at 31 Dec 2025)
Legal Structure	Investment Fund
Fund Inception	1 Sep 1999
Fund Size	$103873039 million (as at 31 Dec 2025)
Entry Price	$1.0683 (as at 29 Jan 2026)
Exit Price	$1.067 (as at 29 Jan 2026)
Fund Status	Open

Offer information

Type	Description
MER	0.47% (as at 29 Sep 2025)
Indirect Cost Ratio (ICR)	0.47% (as at 30 Jun 2025)
Minimum initial investment	$10,000,000
Minimum additional investments	$5,000.00
Minimum redemption amount

Top 10 holdings (as at 30 Sep 2025)

Holding (as at 30 Sep 2025)	Type	% of Portfolio
Commonwealth Bank of Australia	Equity	1.33%
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FAQs about the North Index Defensive

What is the objective of the North Index Defensive managed fund?

The objective of the North Index Defensive managed fund is The fund seeks to invest predominantly in defensive assets such as cash and fixed interest with an average allocation over time of around 30% invested in growth assets such as shares and listed property. The fund tries to achieve its objective by using a range of complementary specialist investment managers.

What is the strategy for the North Index Defensive managed fund?

The strategy of the North Index Defensive managed fund is The fund seeks to invest predominantly in defensive assets such as cash and fixed interest with an average allocation over time of around 30% invested in growth assets such as shares and listed property. The fund tries to achieve its objective by using a range of complementary specialist investment managers.

What is the APIR code of the North Index Defensive managed fund?

The APIR code of the North Index Defensive managed fund is NMM0111AU.

What was North Index Defensive’s total return last month?

North Index Defensive’s total return last month was 0.51%. This was made up of a growth return of 0.51% and an income return of 0%. These returns were calculated as at 31 Jan 2026.

What was North Index Defensive’s total return for the last three months?

North Index Defensive’s total return for the last three months was -0.01%. This was made up of a growth return of -0.74% and an income return of 0.73%%. These returns were calculated as at 31 Jan 2026.

What is North Index Defensive’s one-year total return?

North Index Defensive’s one-year total return is 6.16%. This was made up of a growth return of 4.18% and an income return of 1.98%. These returns were calculated as at 31 Jan 2026.

What is North Index Defensive’s three-year total return?

North Index Defensive’s one-year total return is 6.82%. This was made up of a growth return of 3.85% and an income return of 2.97%. These returns were calculated as at 31 Jan 2026.

What is the asset allocation of the North Index Defensive managed fund?

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

Australian Equities: 12.34%

International Equities: 21.02%

Cash: 8.40%

Property & Infrastructure: 3.89%

Fixed Interest: 54.37%

Alternatives: -0.01%

Who is the responsible Entity of the North Index Defensive managed fund?

The Responsible Entity for the North Index Defensive managed fund is AMP Group.

What sector/asset class does the North Index Defensive managed fund belong to?

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

What is the size of the North Index Defensive managed fund?

As at 31 Dec 2025, the size of the North Index Defensive managed fund was $103873039 million.

What is the inception date of the North Index Defensive managed fund?

The North Index Defensive managed fund has an inception date of 1 Sep 1999.

What is the current entry price of the North Index Defensive managed fund?

The current entry price of the North Index Defensive managed fund is $1.0683 per unit and the current exit price is $1.067 per unit (as at 29 Jan 2026).

What is the current exit price of the North Index Defensive managed fund?

The current exit price of the North Index Defensive managed fund is $1.067 per unit and the current entry price is $1.0683 per unit (as at 29 Jan 2026).

What is the minimum investment amount for the North Index Defensive managed fund?

The minimum initial investment amount for the North Index Defensive managed fund is $10,000,000. Minimum additional investment is $5000.

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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