North Multi-manager Active Growth Trust is an Managed Funds investment product that is benchmarked against Multi-Asset Aggressive Investor Index and sits inside the Multi-Asset - 81-100% Multi-Manager Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The North Multi-manager Active Growth Trust has Assets Under Management of 229.15 M with a management fee of 0.92%, a performance fee of 0.00% and a buy/sell spread fee of 0.29%.
The recent investment performance of the investment product shows that the North Multi-manager Active Growth Trust has returned 1.43% in the last month. The previous three years have returned 5.87% annualised and 10.8% each year since inception, which is when the North Multi-manager Active Growth Trust first started.
There are many ways that the risk of an investment product can be measured, and each measurement provides a different insight into the risk present. They can be used on their own or together to perform a risk assessment before investing, but when comparing investments, it is common to compare like for like risk measurements to determine which investment holds the most risk. Since North Multi-manager Active Growth Trust first started, the Sharpe ratio is NA with an annualised volatility of 10.8%. The maximum drawdown of the investment product in the last 12 months is -6.03% and -33.97% since inception. The maximum drawdown is defined as the high-to-low decline of an investment during a particular time period.
Relative performance is what an asset achieves over a period of time compared to similar investments or its peers. Relative return is a measure of the asset's performance compared to the return to the other investment. The North Multi-manager Active Growth Trust has a 12-month excess return when compared to the Multi-Asset - 81-100% Multi-Manager Index of 2.02% and 0.37% since inception.
Alpha is an investing term used to measure an investment's outperformance relative to a market benchmark or peer investment. Alpha describes the excess return generated when compared to peer investment. North Multi-manager Active Growth Trust has produced Alpha over the Multi-Asset - 81-100% Multi-Manager Index of NA% in the last 12 months and NA% since inception.
For a full list of investment products in the Multi-Asset - 81-100% Multi-Manager Index category, you can click here for the Peer Investment Report.
North Multi-manager Active Growth Trust has a correlation coefficient of 0.99 and a beta of 1.1 when compared to the Multi-Asset - 81-100% Multi-Manager Index. Correlation measures how similarly two investments move in relation to one another. This establishes a 'correlation coefficient', which has a value between -1.0 and +1.0. A 100% correlation between two investments means that the correlation coefficient is +1. Beta in investments measures how much the price moves relative to the broader market over a period of time. If the investment moves more than the broader market, it has a beta above 1.0. If it moves less than the broader market, then the beta is less than 1.0. Investments with a high beta tend to carry more risk but have the potential to deliver higher returns.
For a full quantitative report on North Multi-manager Active Growth Trust and its peer investments, you can click here for the Peer Investment Report.
For a full quantitative report on North Multi-manager Active Growth Trust compared to the Multi-Asset Aggressive Investor Index, you can click here.
To sort and compare the North Multi-manager Active Growth Trust financial metrics, please refer to the table above.
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SMSF Mate does not receive commissions or kickbacks from the North Multi-manager Active Growth Trust. All data and commentary for this fund is provided free of charge for our readers general information.
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