Managed Funds Distributions

Has anyone else checked their on-line Navra investments for distributions this past quarter?
I have, and I'm pleasantly surprised.
Percentage, or cents-per-unit, I'm not sure of, but the dollar value is great!
Jayar

 

I've been checking a silly number of times a day, but still no news

Tell us more !

 

Yep,

I got nothing either. Just checked their website and still no numbers posted, and my bank account still isn't showing the distribution paid.

Patience grasshopper....

MW

 

Distribution is scheduled for the next week.
Keep $$miling.

 

Yeah, keep smiling, cause those smiles are only going to get bigger. Very nice distribution indeed and that's all I'm gonna tell ya!

Mark

 

Big Distribution

Sounds like a 4 percenter

Bob



You never go broke when you have a bob in the house

 

T E A S E R S !

 

Investoserve
https://www.investorserve.com.au/EXEC
is currently showing todays redemption price for the American fund.
It is also showing the new amount of units for the Australian fund if you have your distributions reinvested, although at the moment it is still showing the end of last quarter price.

 

I'm sure my web administartor in the office will be reporting suspicious activity soon, as I keep checking the webpage so frequently throughout the day.

So far no indication in my investorserve account either.

Not sure what's actually involved in calculating this amount ? Isn't it automated somewhat ?
My Colonial FS and Perpetual accounts had their distributions listed at the end of last week.

 

Just checked our bank account and nothing either!

 

Hey fella's, don't forget that NavraInvest is a tiny minnow compared to the big fish like Perpetual and Colonial.

Mark

 

I really don't see any reason for a delay in finalising a distribution. At the close of business all elements necessary for the calculation should be known and in this day and age any respectable computer program should be able to give the required figures within a day (and I am being generous here).

As I am not reinvesting my distributions the daily cost of the delay in the distributions is worth about $50 per day.

Cheers

ps I will be discussing this with Bill when I finally catch up with him.

 

Andreas,

For me its only about $5 a day but I agree. That's the amount of interest I'm incurring that I could otherwise be offsetting with the distribution paid into my mortgage offset account.

However, remember that whilst its not paid out it is still invested in the fund, so is still earning you a return. So long as that return in the fund is beating my interest cost on my mortgage, the "opportunity cost" of not having it paid out is actually zero (or negative to be precise).

So unless you can do better with the cash than the fund can, and hence your opportunity cost of $20 is accurate, then don't sweat the delay.

Cheers,
Michael.

 

Sim,

Navra still have those funds invested and growing as we speak, so I figured that growth is reflected in the individual unit holdings of each member. So, in reality, I should still be getting growth on my current holding (pre-distribution) whilst they fiddle around trying to figure out what the distribution is. In effect, until it is paid out, it is the equivelant of having re-invested the distribution over this period.

IF, however, they have somehow corralled the unit price as at 30/6 and you're getting no growth from that point, then we are being diddled out of unit growth at the same time as we are not offsetting our loans or whatever other use you might put that cash towards.

Either its in the fund or its off my mortgage, I'm not at all comfortable with the concept of it being in limbo for weeks doing nothing. That's a huge opportunity cost!

Cheers,
Michael.

 

The money is somewhere, and that somewhere must be earning a return for someone! It would be in the the fund's "cash management" account I guess pending distribution.

I guess the distribtion has to be audited somewhat first before being paid, this may take a little longer than for the other big firms. No problem there, I prefer to keep the funds running costs down and enjoy the lower management fees.

 

Hear, hear! I agree. Like most of you, we are waiting for the distribution to lighten our interest bill on the all the IP mortgages ... But, I guess, the delays are probably due to the requirements for the calculations of the distribution to be audited? And, this could take a while - say 2 weeks.