I have never seen a fund that gives you a summary of their buys...

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woollydog

3,444 Posts.

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14/05/18

22:16

Post #: 33089851
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Originally posted by El Jefe ↑

At end of the FY the fund will provide a summary of your tax obligations (CGT, Franked credits etc) and a summary of everything else throughout the year, Buy/sells etc?

You can choose when signing up to the fund whether you want profits reinvested or not.
So if you choose for that to be the case are you liable to pay tax out of pocket for the gains you made in the fund and if you dont choose to reinvest are you returned all the profits minus any management fees which will leave you from year to year with the same lump sum as the original investment (once the fund is in the green)? Is it also true that you cannot carry forward any losses from a fund investment?

Investing in small/mid caps means the fund is more targeted towards growth.
I would guess there is more of a possibility that the fund would hold positions for less than 12 months so the tax obligations would be higher. What sounds like a great 20% return could be cut in half due to tax depending on the strategy of the fund so it would be worthwhile asking for a past breakdown of how long the fund usually holds its positions? I know its not a predictor of the future but its a spotlight at the least into the average.

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I have never seen a fund that gives you a summary of their buys and sells.
the capital gains taxes are a big issue, unless you are in Super fund or invest via a low income
earning partner.
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