AFI 0.00% $7.16 australian foundation investment company limited

I am continually befuddled by AFI's NTA reports and how closely...

  1. 355 Posts.
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    I am continually befuddled by AFI's NTA reports and how closely AFI's performance aligns with that of the index and an index ETF - In this case, I've used VAS as an example. Disclaimer, I don't hold VAS in my portfolio. AFIC state their returns as of *period ending March 2024;

    As a total simpleton, can somebody please clarify and/or explain the massive difference in what AFIC report as opposed to price charts of that of the XJO, VAS & AFI. Yes, I get the reference to the inclusion of franking for those can take "full advantage of franking credits". AFIC claim that over a 12 month period (ending 31st March 2024) that their 1 year return has been 17.8%. Is this all in the *wording - ie; "Net asset per share growth" vs. actual share price performance. Anyone?

    Here is the 12 month price chart of AFI (in blue) v XJO v VAS;

    https://hotcopper.com.au/data/attachments/6089/6089279-d84b7e1fe24c8dc1b1be190dd2aa7dce.jpg
    Here is the 3 year returns;

    https://hotcopper.com.au/data/attachments/6089/6089284-46b1788525254b65d5c787aaa2afd1e7.jpg

    Five year returns;

    https://hotcopper.com.au/data/attachments/6089/6089286-2c92e706f890f9ec987694ff6726461c.jpg

    Ten year returns;

    https://hotcopper.com.au/data/attachments/6089/6089288-ffca9b7a183fe7efb54a86c6413f4eb8.jpg

    AFIC Average Annual Total Return;

    https://hotcopper.com.au/data/attachments/6089/6089307-0069ab8b84d464fb9378cec8f6ed7ba3.jpg


 
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