Northward Equity Income - Managed Fund (Closed)

Fund Objective

The Fund aims to deliver a regular income stream, as well as targeting a return (after fees and expenses) which exceeds the Benchmark with lower market volatility, over rolling 5 year periods.

Fund Strategy

The Fund aims to provide medium to long term performance from an actively managed portfolio of Australian shares and derivatives.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}

Peers

Benchmark ({{ fund.benchmark.name }})

{{ fund.model.name }}

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

% p.a.

Average of peers ({{ fund.benchmark.peers.peerCount }})

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	-2.58%	-5.42%	-5.45%	-10.87%	-2.97%	-0.24%	-%	-%
Growth return	-4.66%	-8.59%	-11.62%	-20.48%	-12.11%	-9.25%	-%	-%
Income return	2.08%	3.17%	6.17%	9.61%	9.14%	9.01%	-%	-%
Market index (S&P/ASX 200 TR AUD)
Total return	-7.15%	-1.61%	-2.61%	11.67%	7.17%	9.54%	8.63%	9.44%

As at 29 Feb 2016. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.

Average Allocation of Peers

Australian Equities: 96.12%

International Equities: 3.95%

Cash: -0.83%

Property & Infrastructure: 1.21%

Fixed Interest: -0.44%

Alternatives: -0.01%

General Information

Fund Details

Type	Description
Fund Name	Northward Equity Income
Fund Status	Closed
Responsible Entity	nabInvest Managed Investments Limited
APIR Code	ANT0006AU
Sector/Asset Class	Equity Australia Derivative Income
Morningstar Rating	(as at 29 Feb 2016)
Legal Structure	Investment Fund
Fund Inception	31 Mar 2011
Fund Size	$76.52 million (as at 29 Feb 2016)
Entry Price	$0.7703 (as at 21 Mar 2016)
Exit Price	$0.7656 (as at 21 Mar 2016)
Fund Status	Finalised

Offer information

Type	Description
Indirect Cost Ratio (ICR)	1% (as at 30 Jun 2013)
Minimum initial investment	$20,000
Minimum additional investments	$1,000.00
Minimum redemption amount	$20,000

Top 10 holdings (as at 30 Apr 2012)

Holding (as at 30 Apr 2012)	Type	% of Portfolio
BHP Billiton Ltd	Equity	14.10%
Login now to view the complete list of holdings.

Your guide to next steps

Dealing with a struggling fund? What to Do and Look For

Your managed fund switching checklist. Is fear of capital gains tax holding you back?

The Great Investment Fee Scam is hiding in plain sight. And it's ripping us all off.

Guide to tidying up your Portfolio Manager holdings

FAQs about the Northward Equity Income

What is the objective of the Northward Equity Income managed fund?

The objective of the Northward Equity Income managed fund is The Fund aims to deliver a regular income stream, as well as targeting a return (after fees and expenses) which exceeds the Benchmark with lower market volatility, over rolling 5 year periods.

What is the strategy for the Northward Equity Income managed fund?

The strategy of the Northward Equity Income managed fund is The Fund aims to provide medium to long term performance from an actively managed portfolio of Australian shares and derivatives.

What is the APIR code of the Northward Equity Income managed fund?

The APIR code of the Northward Equity Income managed fund is ANT0006AU.

What was Northward Equity Income’s total return last month?

Northward Equity Income’s total return last month was -2.58%. This was made up of a growth return of -4.66% and an income return of 2.08%. These returns were calculated as at 29 Feb 2016.

What was Northward Equity Income’s total return for the last three months?

Northward Equity Income’s total return for the last three months was -5.42%. This was made up of a growth return of -8.59% and an income return of 3.17%%. These returns were calculated as at 29 Feb 2016.

What is Northward Equity Income’s one-year total return?

Northward Equity Income’s one-year total return is -10.87%. This was made up of a growth return of -20.48% and an income return of 9.61%. These returns were calculated as at 29 Feb 2016.

What is Northward Equity Income’s three-year total return?

Northward Equity Income’s one-year total return is -0.24%. This was made up of a growth return of -9.25% and an income return of 9.01%. These returns were calculated as at 29 Feb 2016.

What is the asset allocation of the Northward Equity Income managed fund?

The asset allocation of the Northward Equity Income managed fund is :

Australian Equities: 100%

International Equities: 0%

Cash: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the Northward Equity Income managed fund?

The Responsible Entity for the Northward Equity Income managed fund is nabInvest Managed Investments Limited.

What sector/asset class does the Northward Equity Income managed fund belong to?

The Northward Equity Income managed fund belongs to the Equity Australia Derivative Income sector/asset class.

What is the size of the Northward Equity Income managed fund?

As at 29 Feb 2016, the size of the Northward Equity Income managed fund was $76.52 million.

What is the inception date of the Northward Equity Income managed fund?

The Northward Equity Income managed fund has an inception date of 31 Mar 2011.

What is the current entry price of the Northward Equity Income managed fund?

The current entry price of the Northward Equity Income managed fund is $0.7703 per unit and the current exit price is $0.7656 per unit (as at 21 Mar 2016).

What is the current exit price of the Northward Equity Income managed fund?

The current exit price of the Northward Equity Income managed fund is $0.7656 per unit and the current entry price is $0.7703 per unit (as at 21 Mar 2016).

What is the minimum investment amount for the Northward Equity Income managed fund?

The minimum initial investment amount for the Northward Equity Income 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.

What our members say about us