Managed Funds Distributions

Me and my vet thank you too !!

 

Just calculated (as can't get to my official records) the total distributions for the year is 17.91c per unit (wholesale)

Is this about the right figure?

Certainly met my budget

Cheers

 

Looks like the Oz Distribution has gone in but not the US yet.

What the hell.........we'll have the pizza anyway!

Anyone heard how many c/unit the US should be? I'm wondering whether to get garlic bread too?

 

Just checked the bank account this morning (Saturday) and distribution was paid yesterday. Our bank updates overnight and not live during the day. Yippee!

 

This is my first distribution/payout as only bought into the funds recently. Very impressed.

Wasn't aware that the two funds i.e Aust & U.S were paid seperately. Does that mean I have more to come *rubbing hands together rather greedily*?

Alan, you can even have the gelato ice-cream too

 

Right Alan, still nothing for US fund that I can see - and seeing as though half of my money is in the US fund I hope we get something !!

 

Most of my Funds are still in the Australian Retail so serious discussion is currently occurring as to whether we even include the Tiramisu for desert.

I'm assuming that the US Fund is paid separately, in that the Oz cents/unit figures quoted on the Forum to date equate to my actual paid Distribution. I have a smaller amount in the US Fund.

If you look at the Redemption Unit Price for Oz Retail between 30/6/06 and 3/7/06 you will see the large drop from 1.153 to 1.0975 which reflects the Distribution.

Not sure how the US works with the time/date difference?

Date: Redemption Price:
29/6 1.0296
30/6 1.0106
3/7 1.0178
5/7 1.0167

Would the drop between 29/6 and 30/6 represent a Distribution payout as opposed to our 30/6 to 3/7?

Maybe there are further delays for the US Distribution relating to currency exchange regulations or the like?

 

Another quick question.

Whilst I understand that the fund distributes profit, in the example below, can someone please explain how I am better off.

Lets say my initial investment, we'll use $100K in this example, has grown to $105K just prior to distribution.

After distribution, my holdings stand at approx $94K and I've been paid a distribution of just over $5K.

Couldn't I have just taken the $5K from the original loan and pocketed it instead of investing it.

The above figures are used as an example but the situation is similar to what I am now in.

Am I missing something. Only thing I can think of is that the figures may be a result of fluctuations in the market.

Is it possible to get paid a distribution and still have the original invested amount show an increase as well?

Wasn't such a quick question, sorry

 

The price of your unit is directly proportional to your share of the fund's net asset value. So if you had $105k, $5k of which was earmarked for distribution, then $100k would represent the value of the other assets (a cash account and shares in various companies). Post distribution if the fund has dropped from $100k to $95k then the market must be pricing the shares differently to what they were previously. In other words it is market fluctuation.

One thing that I don't quite understand with all the people getting excited about the fund's distribution - if they're seeking a 5% or whatever distribution to offset property costs etc couldn't they just sell 5% of their units at any time they wish? Because I don't see how it matters whether the unit price grows as a result of capital growth or trading profit.