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Future Directions Growth Fund

The Future Directions Growth Fund is a multi-manager fund that gives investors access to a diversified portfolio with a bias towards growth (shares and property) and alternative assets, while having a small exposure to income assets (bonds and cash). The fund has a target allocation of 92% to growth assets and 8% to defensive assets.

  • Active management

    The Future Directions Funds use dynamic asset allocation, an approach which aims to achieve growth with smoother returns by negotiating the ups and downs of the market. It is also used as a risk management tool, reducing exposure to markets we expect will underperform. We actively seek who we believe to be high quality investment managers, many of whom actively manage their underlying portfolios.

  • A broad range of asset classes

    The Future Directions Funds invest in a range of asset classes with the aim of enhancing diversification and improving risk-adjusted returns. We believe alternative investments (such as infrastructure, absolute return strategies and private equity) perform well at different times to mainstream asset classes such as equities and fixed income, making them attractive to investors looking for portfolio diversification.

  • Expertise

    The investment team specialises in building and managing multi-asset portfolios, using the insights of a dedicated asset allocation team. Investors also benefit from collaboration between investment teams in real estate, infrastructure, fixed income, equities and macro markets.

Description of target market for this fund

This product is likely to be appropriate for a consumer seeking capital growth to be used as either a satellite, core or standalone holding within a portfolio where the consumer has a medium to long investment timeframe and a high risk/return profile. The fund provides daily access to capital.

Withdrawal frequency

Withdrawals are allowed daily. Withdrawals are normally processed within 5 business days. The constitution allows for payments to be made within 30 calendar days.

Risk profile

The Fund may be suitable for a consumer with a higher risk profile who can accept higher potential losses (eg has the ability to bear up to 6 negative returns over a 20-year period (SRM 6)) in order to target a higher return.

What are the key risks associated with the fund?

Risks specific to the fund may include or be associated with interest rates, share market investments, international investments, credit, alternative assets, property investments, derivatives and liquidity. Please read the fund’s Product Disclosure Statement for more information.

The Fund's risk level is based on the estimated number of negative annual returns for the Fund over any 20 year period and is not a complete assessment of the risks of investing in the Fund. For instance it does not detail what the size of a negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Consequently, before choosing to invest or reinvest in the Fund, you should read the Fund's PDS and incorporated information and consider factors such as the likely investment return, the risks of investing and your investment time frame. Information about the methodology used for calculating the risk level is available here.

ipac Asset Management Limited (ABN 22 003 257 225, AFSL 234655) (ipac) is the responsible entity of the Future Directions Growth Fund (Fund) and the issuer of the units in the Fund. To invest in the Fund, investors will need to obtain the current Product Disclosure Statement (PDS) from National Mutual Funds Management Ltd. (ABN 32 006 787 720, AFSL 234652) (NMFM). The PDS contains important information about investing in the Fund and it is important that investors read the PDS before making a decision about whether to acquire, or continue to hold or dispose of units in the Fund. A target market determination has been made in respect of the Fund and is available at www.ampcapital.com/TMD. Neither NMFM, ipac nor any other company in the AMP Group guarantees the repayment of capital or the performance of any product or any particular rate of return referred to in this document. Past performance is not a reliable indicator of future performance. While every care has been taken in the preparation of this document, companies in the AMP Group makes no representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to their objectives, financial situation and needs. This document is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent of ipac. This document is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.

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