North Professional Alternative Balanced - Managed Fund (Closed)

The objective of the North Professional Alternative Balanced managed fund is The Fund aims to provide investors with moderate investment returns, with the likelihood of fluctuations in value in the value of their investment from year to year. Broad diversification, including exposure to alternative defensive strategies, is used to help reduce fluctuations.

The strategy of the North Professional Alternative Balanced managed fund is The fund seeks to invest in a diversified mix of growth and defensive assets. Growth assets such as shares and real assets will have an average allocation over time of 56%, with the balance in defensive assets such as cash and fixed interest. The fund tries to achieve its objective by using a range of complementary specialist investment managers.

The APIR code of the North Professional Alternative Balanced managed fund is IPA0057AU.

North Professional Alternative Balanced’s total return last month was -2.73%. This was made up of a growth return of -3.67% and an income return of 0.94%. These returns were calculated as at 31 May 2022.

North Professional Alternative Balanced’s total return for the last three months was -3.65%. This was made up of a growth return of -4.59% and an income return of 0.94%%. These returns were calculated as at 31 May 2022.

North Professional Alternative Balanced’s one-year total return is -3.77%. This was made up of a growth return of -7.87% and an income return of 4.1%. These returns were calculated as at 31 May 2022.

North Professional Alternative Balanced’s one-year total return is 2.71%. This was made up of a growth return of 0.17% and an income return of 2.54%. These returns were calculated as at 31 May 2022.

The asset allocation of the North Professional Alternative Balanced managed fund is :

The Responsible Entity for the North Professional Alternative Balanced managed fund is IPAC Asset Management Limited.

The North Professional Alternative Balanced managed fund belongs to the Multisector Growth sector/asset class.

As at 31 Jul 2022, the size of the North Professional Alternative Balanced managed fund was $0 million.

The North Professional Alternative Balanced managed fund has an inception date of 20 Apr 2006.

The current entry price of the North Professional Alternative Balanced managed fund is $ per unit and the current exit price is $0.90998 per unit (as at 17 Jun 2022).

The current exit price of the North Professional Alternative Balanced managed fund is $0.90998 per unit and the current entry price is $ per unit (as at 17 Jun 2022).

The minimum initial investment amount for the North Professional Alternative Balanced managed fund is $20,000. Minimum additional investment is $5000.