As at 30 June 2022:
Total Expenses: $17,150,721
Net Assets: $144,522,822
Total Expense Ratio:
11.87%Hahaha, all the money is being made by the fund manager!!!
Now you know why some big holders are suddenly desperate to get out at the current discount.
If you discount the fee drag over whatever time period you think you'll be holding you can find out a ballpark discount TGF should trade at (all other things being equal). See:
https://moneysmart.gov.au/managed-funds-and-etfs/managed-funds-fee-calculatorHint: It gets massive pretty quickly as you hold for each additional year.
This LIC is a horrible long term hold; you can never come out ahead of the nearest equivalent passive funds (or just buying some of these stocks directly) with a TER this high.
(20min delay)