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InvestSense Diversified Portfolio 2 - Myorth

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/106812-2024-05-08-02:33.pdf
FUND MANAGER InvestSense
ASX Code
APIR NTH1050
ASSET CLASS DIVERSIFIED
INVESTMENT STYLE

InvestSense believes that prevailing market valuations tend
to be indicative of final outcomes over long-time periods.
By undertaking a forward-looking view of expected returns
and implied risks, InvestSense aims to understand if the
market is suffi ciently rewarding investors for the risks they
are undertaking across different asset class.

INVESTMENT PROFILE

InvestSense is a portfolio construction and investment
consulting company. The partners at InvestSense have
had extensive experience in fi nancial markets across institutional and retail investment consulting, portfolio management and investment research

CURRENCY MANAGEMENT
INCEPTION DATE
BENCHMARK CPI + 2% p.a.
FUND SIZE CPI + 2% p.a.
DISTRIBUTION FREQUENCY
NO. OF HOLDINGS
FEES 0.31%
STRUCTURE

Benefits

Benefits

Expertise

The managed portfolios in this PDS are managed by various
investment managers we have engaged to design, monitor, and
make changes to their respective series of managed portfolios
in line with the stated investment objectives.

 

Choice

You can select from the range of managed portfolios based on
what you determine to be your financial goals and tolerance to
risk.
MyNorth Managed Portfolios allows you to choose a managed
portfolio with underlying assets of managed funds, Australian
equities, listed products and cash.
You can choose from a wide range of investment managers
across diversified and single sector portfolios based on your
individual investment objectives and needs.
Refer to the managed portfolio menu in Part 2 of this PDS.
When you invest in equities and listed products through a
managed portfolio, these assets are held to be directly referable
to you and as such you have more direct access to franking credits and capital losses than you would through managed funds.

Further, you do not inherit ‘embedded’ capital gains (as can be
the case with pooled investment vehicles such as managed
funds) and your gain or loss position in relation to the equities
and listed products held in your Portfolio is not impacted by the
actions of other investors as your shares are bought specifically
for you when you invest your money.


You also have the ability to offset realised capital losses against
realised capital gains from assets that you hold outside of the
Scheme.

 

Flexibility to switch, withdraw and transfer

You can switch between your chosen managed portfolios or
invest in a new managed portfolio at any time. You can also
transfer certain equities and other investments into and out of
your managed portfoliowithouttriggering a change in beneficial
ownership and unnecessary realisation of capital gains
(see Transferring assets in and out of your Portfolio on page 11
for further information).

RISK LEVEL Medium
INVESTOR SUITABILITY

Investors who:
• seek a modest return above infl ation but with a medium
 tolerance for risk and are therefore willing to accept
 some volatility in their portfolio in order to achieve their
 long-term objective;
• seek a portfolio diversifi ed across a range of different
 asset classes; and
• want a portfolio where the asset allocation is actively
 managed based on changes in market valuations.

Risks

Title
Detail

Key Features

Investment choices

Benefit from professional investment management by choosing a managed portfolio to suit your needs.

 

Investment preferences

You can choose to customise your Portfolio by providing an income payment election, where you can elect that income from your Portfolio is retained and reinvested in your Portfolio or paid out to your Platform cash account.

 

Cash accounts

Platform cash account: Will be used to pay investment management fees, investment performance fees and expenses.

Managed portfolio cash account: An allocation of cash in your Portfolio for the purpose of settling most transactions in your Portfolio.

 

Transaction minimums

Initial investment balance: The minimum amount required to invest in each portfolio

In-specie transfers: You can also transfer certain equities and other investments into and out of your Portfolio without triggering any capital gains tax consequences (provided the beneficial ownershipremains the same)

 

Reporting and communications

You and your financial adviser can review the performance, asset
allocation, holdings and transactions of your Portfolio on North
Online.

 

Rebalancing and review

We will regularly monitor investment instructions received from
the relevant investment manager and rebalance your Portfolio to
implement these.
You can instruct your financial adviser to make additional
investments and withdrawals at any time.

 

Tax

Beneficial ownership: You have an absolute entitlement to the beneficial interest in the equities, units and otherinvestments you hold through the Scheme.
Note: the legal title to the investments held in the Scheme is held by the sub-custodian on behalf of the responsible entity, and is not held by you.

 

Capital gains tax accounting method

We apply the First In First Out (FIFO) capital gains tax accounting
approach.

 

Fees and costs 

Competitive fees and costs.

 

Mandate

Asset class Min (%) Max (%)

Growth assets


Australian equities: 0 - 50%
International equities: 0 - 50%
Listed property/infrastructure: 0 - 40%
Alternatives: 0 - 30%


Defensive assets


Australian fixed interest: 0 - 80%
International fixed interest: 0 - 80%
Cash: 0 - 80%