Managed Funds InvestorServe updated

Discussion in 'Shares & Funds' started by Simon Hampel, 6th Oct, 2005.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

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    I just checked my InvestorServe account and they have posted the details of the distribution reinvestment there now - yay.

    No details on the cash distribution payments yet though (I have my retail fund distributions taken as cash and my wholesale fund distributions reinvested - so I get to see both sides).
     
    Simon Hampel, 6th Oct, 2005
    #1
  2. Simon

    Simon Well-Known Member

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    Unit price is still $1.18+

    Is the post distribution discount yet to apply? Plus the effect of the last couple of days drop in the market?

    Cheers,
     
    Simon, 6th Oct, 2005
    #2
  3. Simon Hampel

    Simon Hampel Founder Staff Member

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    Unit price of the reinvestments was 1.1325 (wholesale fund) ... that's the unit price as of October 1st (Oct 4th actually - first trading day of the quarter) and is the "discounted" price.

    Those figures in the "Holdings" section on InvestorServe are still using the prices as of 30th September ... which is unfortunate.

    As a result - you should take care ... the current value of holdings reported by InvestorServe is misleading.
     
    Simon Hampel, 6th Oct, 2005
    #3
  4. Steve Navra

    Steve Navra Well-Known Member

    Joined:
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    Unit Prices as at 5th Oct, 2005

    Retail:
    Application price 1.1269
    Redemption price 1.1235
    Mid Price 1.1252

    Wholesale:
    Application price 1.1331
    Redemption price 1.1297
    Mid Price 1.1314

    The market came off a further 2.12% today so expect the unit price to be lower tomorrow.

    Fund performance at 6th Oct, 2005
    Navrainvest -1.86%
    S & P 200 -2.12%
    OutPerf + 0.26

    YTD (01/07/05)
    Navrainvest: 7.03%
    S & P 200: 3.97%
    OutPerf: 3.08%

    OutPerf Fee: 1.098%

    Net return: 6.93%

    Regards,
    Steve
     
    Steve Navra, 6th Oct, 2005
    #4
  5. pthm

    pthm Well-Known Member

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    Hi Steve

    Thank you for posting the latest unit prices here. I just checked navrainvest.com.au and the unit prices have not been updated.
     
    pthm, 6th Oct, 2005
    #5
  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    Steve - I'm actually quite surprised that the fund is doing so well (ie better than the ASX200) in these sharply falling markets ... I thought we would have to wait until an upswing before you'd have a chance to catch up (and really outperform). Obviously there's still some magic there I don't fully appreciate yet :D

    Keep up the great work !
     
    Simon Hampel, 6th Oct, 2005
    #6
  7. BSB

    BSB Active Member

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    Steve,

    It's looking very, very promising for NavTraDE to really show its stuff. BTW, what is the Mid Price all about? I've never heard of this before.
    Another NI question: What is the breakdown of FUM into retail and wholesale? Was there a significant influx into the wholesale with the introduction of Superannuation Choice?

    From a content unit-holder and NI shareholder.
     
    BSB, 6th Oct, 2005
    #7
  8. Simon Hampel

    Simon Hampel Founder Staff Member

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    The mid price is the actual unit price. The redemption price is 0.15% lower and the application price 0.15% higher.

    http://www.navrainvest.com.au/index.asp?content=unit_prices

     
    Simon Hampel, 7th Oct, 2005
    #8
  9. Steve Navra

    Steve Navra Well-Known Member

    Joined:
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    Posts:
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    FUM:
    Wholesale approx $44 Million
    Retail approx $37 Million

    This is after paying out $4.5 million in distributions . . . expect a fair amount of reinvestment in the next week or so.

    Super Choice:
    Not really . . . very few actually ended up with the choice to move their lump sums . . . but are now contributing their monthly contributions in a Super Choice way to NI

    Regards,
    Steve
     
    Steve Navra, 7th Oct, 2005
    #9