The Fund invests in a diversified mix of growth and defensive
assets, across a range of complementary underlying managers
selected for their expertise in an asset class or investment
approach.

The North Professional Moderately Conservative Fund (referred
to in this Fund profile as the ‘Fund’) aims to provide investors
with modest investment returns, with some fluctuations in the
value of their investment from year to year.

Benefits of investing in the North Professional Series

The benefits of investing in the Funds are:

• The Funds aim to deliver attractive investment returns by investing in specialist investment managers and strategies which provides:

• Diversification across asset classes, investment styles and specialist investment managers;

• Active management to take advantage of market trends and forecasts; and

• Access to the investment expertise of the AMP Group, which is supported by input from research partners and AMP Group's broader investment management resources and capabilities.

Risk level

Medium (SRM 4)

About the Fund

The North Professional Series is a range of six individually managed funds designed to help investors achieve their saving, investment and financial goals. Each Fund offers investors an actively managed and diversified exposure to a variety of asset classes including shares, property, fixed interest, cash and alternatives - both in Australia and overseas.

Each of the Funds invest in varying combinations of growth and defensive assets, offering investors choice, each with a different risk profile. Growth assets (such as shares and property) are expected to generate higher long-term returns than defensive assets (such as cash and fixed interest), but with greater volatility (or have a higher risk profile). Generally, the higher the amount of growth assets in a fund, the greater the potential long-term return and the higher the risks associated with that fund.

Investments are generally made in managed investment funds. The assets in these underlying funds are managed by specialist investment managers selected for their expertise in each asset class. The Portfolio Manager is responsible for conducting extensive research into selecting specialist investment managers. These specialist investment managers range from large global firms to boutique managers. The Portfolio Manager then blends these managers to construct multi-manager portfolios that aim to achieve the Fund's investment objectives.

How we invest your money

Investment strategy

The Fund invests 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 50%, with the balance in defensive assets such as cash and fixed interest.

The Fund will invest in managed investment schemes whose assets are managed by a range of complementary specialist investment managers selected for their expertise in that asset class.

The diversity of exposure by asset class and investment style seeks to minimise the risk of underperformance should one particular asset class or investment style be out of favour within a particular investment timeframe.

Asset allocations

(Asset class: Long-term target / Range)

• Australian shares: 20% / 10%-30%

• Global shares: 21% / 10%-30%

• Listed real assets*: 7% / 0%-15%

• Unlisted real assets: 0% / 0%-15%

• Alternative growth:2% / 0%-10%

TOTAL GROWTH ASSETS: 50%

• Fixed interest: 32% / 15%-50%

• Alternative defensive: 3% / 0%-10%

• Australian cash: 15% / 0%-50%

TOTAL DEFENSIVE ASSETS: 50%

*Includes an allocation to Australian listed property, global listed property and global listed infrastructure asset classes.