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Navra Distribution Percentages

Discussion in 'Managed Funds & Index Funds' started by gad, 6th Apr, 2007.

  1. gad

    gad Well-Known Member

    Joined:
    5th Sep, 2005
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    Location:
    Canberra
    Navra Distribution Percentages

    On this NavraInvest page Welcome to NavraInvest Limited - Funds Management
    The quarterly distribution percentages do not equal the "Year to Date" percentages quoted above.
    Does anyone know why or is that a question I should ask Navra?

    Aust. Retail - 2% + 3.06% + 4% = 9.06%. Listed as 9.59%.
    Aust. Whlse - 2.01% + 3.07% + 4.01% = 9.09%. Listed as 9.59%.
    Amer. fund - 1.09% + 1.46% + 2.97% = 5.52%. Listed as 5.48%.

    Thanks
     
  2. Jayar

    Jayar Well-Known Member

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    15th Aug, 2005
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    Gad,

    Check out this page....

    Welcome to NavraInvest Limited - Funds Management

    and particularly this part....

    Please note that each quarterly distribution expressed as a percentage is a derived calculation, and therefore each quarterly percentage return cannot be added to determine the YTD percentage return.

    Not quite sure what it means, though. :confused:

    Jayar
     
  3. handyandy

    handyandy Well-Known Member

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    Location:
    Sydney Nsw
    Had a conversation with NFS the other day. The person mentioned that the % distribution expressed was based on a base figure, this being the unit price as at the start of the financial year.

    This would certainly confuse the issue as who remembers what the price was 9 months ago but is fully aware of the price right now. I can see the need for consistency but human nature being what it is people will always jump to the wrong conclusion.

    The other reason the the % may not add up is that costs may be included in the total % but excluded from the distributed %. This cost being the admin cost which I believe the unit holders have been paying for a while.

    Cheers
     
  4. gad

    gad Well-Known Member

    Joined:
    5th Sep, 2005
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    Location:
    Canberra
    Thanks Guys