Managed Funds Navra Distribution Percentages

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

 

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.

Jayar

 

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

 

Thanks Guys