im looking at funds that trade at a large discount to NAV to consider if its a good entry point. Forager is one of a few. the cio spends a lot of time on tv shows giving sage advice, so he must know his stuff.
however looking at the results to 30 june, the fees seem bizzare
total fees to 30 june = 4.8 m
fum at 30 june = 139 m
expense ratio = 3.4%
3.4% is absurd if thats the right way to look at it, and also they paid a performance fee of 1.9 m on closing fum of 139 m but they lost 28% for the year. why a performance fee? anyone correct me on my assumptions please
over 5 years they have lost money and underperformed the index by over 8% per annum. if it was a super fund, APRA would have been forced to shut them down.
this fund seems an obvious avoid, but would be interested to hear from holders as to what they like about it.
- Forums
- ASX - By Stock
- FOR
- Ann: Appendix 4E and Full Year Statutory Accounts
Ann: Appendix 4E and Full Year Statutory Accounts, page-2
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FOR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online