Hi again, Just before the last distribution (Navra fund), the net return figure on the Navrainvest web site was about 10% (can't remember the exact figure). After the distribution the net return fell to about 6% which is consistent with the 5.4% distribution. here's the question: If I look at last years' figures (net return of 22.43% and distribution of 16.17%), is it true to say that the total return was 38.60% (22.43+16.17)? This may be proof that there ARE stupid questions, but i am new to this and still trying to get my head around the figures... Tal

G'day talbashan The net return includes the distribution ie total return, net return is the same thing 22.43%

hi Gad, in that case i don't understand why the net return for this year (up to oct 13 as i write this) has been reduced from around 10% before distribution to around 5% right after the distribution.... ie if the net return includes the distribution, it should have stayd at 10% (allowing for market and fund perfomance ofcourse) tal

The market downturn of around 4% in that week helped it go backwards - and another bad week last week. The site was not updated with the new prices until around Oct 6 if I remember right - hence the "sudden" drop.