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Navra Fund Performance Fee

Discussion in 'Managed Funds & Index Funds' started by TakeStock, 18th Aug, 2005.

  1. TakeStock

    TakeStock Well-Known Member

    Joined:
    14th Aug, 2005
    Posts:
    140
    Location:
    Sydney
    I understand how the performance fee is calculated (percentage of outperformance of ASX200), however, I don't understand when it is taken from the fund and where it goes. I note that it changes daily (as would be expected). When is the performance fee paid to the fund manager - daily, monthly, quarterly or yearly?

    I am thrilled with the fund's performance, and as a shareholder, I am happy with the performance fee (much fairer than a set management fee).

    Cheers
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
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    4,619
    Location:
    Sydney, Australia
    From the NavraInvest website:

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

    So - the answer is daily - but is also adjusted daily (downward if necessary).

    There is another important paragraph on that page that's worth highlighting.

     
  3. TakeStock

    TakeStock Well-Known Member

    Joined:
    14th Aug, 2005
    Posts:
    140
    Location:
    Sydney
    Thanks Sim.