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InvestorServe updated

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

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    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).
     
  2. Simon

    Simon Well-Known Member

    Joined:
    17th Sep, 2005
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    Location:
    Newcastle
    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,
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
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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.
     
  4. Steve Navra

    Steve Navra Well-Known Member

    Joined:
    7th Aug, 2005
    Posts:
    195
    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
     
  5. pthm

    pthm Well-Known Member

    Joined:
    25th Aug, 2005
    Posts:
    136
    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.
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Location:
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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 !
     
  7. BSB

    BSB Well-Known Member

    Joined:
    31st Aug, 2005
    Posts:
    54
    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.
     
  8. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
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    Location:
    Sydney, Australia
    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

     
  9. Steve Navra

    Steve Navra Well-Known Member

    Joined:
    7th Aug, 2005
    Posts:
    195
    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