The fees QRI charges are somewhat inconsequential as the...

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Rick19

846 Posts.

420

28/06/22

15:32

Post #: 62252182
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Originally posted by volf ↑

This should not trade at NTA - the fees are way too high.

For a fixed income product, shareholders are being charged the following:
- 1.53% management fees
- 0.30% expense recevery
- 0.25% fees assosciated with keeping it listed
- 20% performance fee over an 8% hurdle

They are lending at roughly 8.0% p.a on the loans they write.

So straight up, you are getting charged 2% p.a for ongoing fees which chews up 25% !! of the interest investors should receive.

Then, in a higher interest rate environment, the 20% performance fee will kick in and they'll grab more fees.

I do not understand how managers get away with taking 25% of investor returns on a fixed income product....

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The fees QRI charges are somewhat inconsequential as the published return and subsequent monthly distributions are net of fees.

Couldn't imagine running and staffing a company like this would be cheap.

QRI Price at posting: $1.38 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.62		Change 0.015(0.93%)		Mkt cap ! $985.8M

Open	High	Low	Value	Volume
$1.62	$1.62	$1.61	$3.066M	1.896M

Buyers (Bids)

No.	Vol.	Price($)
7	86889	$1.61

Sellers (Offers)

Price($)	Vol.	No.
$1.62	229011	4

View Market Depth

No.	Vol.	Price($)
7	86889	1.610
4	19511	1.605
11	220650	1.600
7	250403	1.595
6	55701	1.590

Price($)	Vol.	No.
1.620	229011	4
1.625	110358	7
1.630	241917	9
1.635	579969	1
1.640	257748	5

Last trade - 16.10pm 16/06/2025 (20 minute delay)

QRI (ASX) Chart

The fees QRI charges are somewhat inconsequential as the...

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The fees QRI charges are somewhat inconsequential as the...

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