Summit Select Trust - Diversified Index Defensive
About this Fund
|FUND MANAGER||ipac portfolio management|
|ASSET CLASS||EXCHANGE TRADED FUNDS|
To invest predominantly in defensive assets such as fixed income and cash, using a passive investment approach.
To provide some growth in your investment over the short to medium term with smaller fluctuations in value than the other Index investment options.
|CURRENCY MANAGEMENT||Active management|
|NO. OF HOLDINGS|
|FEES||0.45% p.a. of the net assets of the Investment Option|
Benefits of investing in the North Investment Series
A full suite of solutions for any investor that offers you:
Risk levelLow to Medium
About the Fund
The North Active Multi-Manager & Index Diversified Investment Options are offered in two investment streams:
Each investment option may invest in a variety of asset classes including shares, property, fixed interest and cash - both in Australia and overseas. Investments will be made in managed investment schemes whose assets are managed by specialist managers selected for their expertise in that asset class.
Each of the Active and Index investment options - Defensive, Moderately Defensive, Balanced, Growth and High Growth - invest in a different combination of growth and defensive assets and has 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 an investment option, the greater the potential long-term return and the higher the risks associated with that investment option.
When you invest in the Active stream you are indirectly allocated an interest in units of the respective investment trust (see inside front cover of the PDS).
When you invest in the Index stream you are indirectly allocated an interest in a class of units from the Summit Select Trust (see inside front cover). Each investment option represents one of those classes of units (see page 27 of the PDS for more details).
The money from individual investors is pooled and invested according to an Investment Option's investment objective. You do not have direct ownership of the underlying assets held in the Investment Options.
How we invest your money
To invest predominantly in defensive assets such as cash and fixed interest. Growth assets will have an average allocation over time of around 30% invested in growth assets such as shares and listed property. To invest using a range of complementary specialist investment managers.
(Asset class: Long-term target / Range)
TOTAL GROWTH ASSETS: 30%
TOTAL DEFENSIVE ASSETS: 70%
*Includes an allocation to Australian listed property, global listed property and global listed infrastructure asset classes.