Managed Funds The unofficial Navra performance tracking thread 2

I kind of think that is what redrover is suggesting.
Perhaps you misread something?

 

Performance Update

Hi Guys,

Might be time for another quick performance update I think...

For those out there that don't yet understand what role the Navra fund sets out to fulfil, I think this update might help. But I'll explain that at the end. Firstly, the facts based on the last six month's performance:

ASX200: -0.18% (-0.36% annualised)
Navra: +1.04% (+2.08% annualised)
Navra realised trading profits: +5.5% (+11.0% annualised)

So, we have seen outperformance of the index over the last 6 months, but then again, 2% annualised absolute returns is nothing to write home about. But Steve himself would be the first to admit that Navra's intent is not to generate absolute returns. Its intent is to generate realised trading profits which it will distribute as income to offset the holding costs of growth assets such as IPs. And to that end, it consistently delivers on its stated intent. IMHO, you should consider taking a conservative LVR position to allow for low absolute return periods where 10%+ will still be distributed as income, but if cash flow is your requirement, then you can do a lot worse than using Navra as a set and forget solution for your cash flow needs. It consistently delivers 10%+ pa in distributed income regardless of the direction of the underlying market. The last six months is case in point, whereby the market went backwards, but the DCT methodology still extracted trading profits at a rate greater than 10% pa. And the banks love to see these consistent income distributions when calculating their servicability equations for those IP growth assets!

If you are interested in tax effective growth or absolute returns then Navra might not be for you. But if you are interested in set and forget income and are using other vehicles such as direct residential property for growth, then seriously consider whether Navra can form a key role in your asset structure. Many people have asked me whether, if I had my time over, I would invest in Navra again? And my question remains resolutely: YES! It paid off my PPoR!! My situation is such that I no longer require the additional passive income, so I have taken a current bias to growth over income. But that is not to say that everyone's situation is the same as my own at present.

PS I just spoke to Steve himself, and he mentioned that it is shaping up for a 3.0%+ distribution for the final quarter for those waiting in eager anticipation...

Cheers,
Michael.

 

I wonder what effect today will have on Navra's performance. Thoughts people?

 

Those numbers above reflect the position AFTER today's trading. I spoke to Steve directly and he shared this info so I thought I'd pass it on to the community here.

Cheers,
Michael.

 

Thanks for sharing the up-to-the-minute info Michael.

 

Out if interest..........according to the NavraInvest Site.............

NO......Centro doesn't appear to be a stock in the current NavraInvest Portfolio.

 

Any ideas what % cash is sitting at with the recent turbulence?

 

Timing Conundrum

Was looking to buy additional units in Jan after distribution, but with today's market fun, it may be tempting to buy while the price is lower. Values may not be so good in Jan. Oh decisions, decisions.

 

There ya go...DCT Navra

 

Michael,
Thanks for sharing that info with us. I was hoping that you would continue to keep us updated on the Navra front despite having sold your own holdings.
Do you think that the performance has now improved as a result of the recent volatility?
Also would be very interested to hear how your investment in the Lincoln fund is going?
Was thinking of moving my LTP funds over into Lincoln, however after todays rout there may
not be much left!

 

Hi

I like the the look of Lincoln whereas I don't like the look of AU Prop Sec Growth.

The msn finance site shows that AU Prop Sec Growth held approx 7% (2 largest holding in its portfolio) in Centro.

I note the Au Prop Sec Growth fund has fallen from approx $2.38 to $2.17 in the past few days. And that is before yesterdays blood bath.

Tony

 

Hi all,

Does anyone know if the XJO is the ASX200 accumulation index, or is this index net of dividend distributions?

Also, one for Sim, are you able to put the Dow Jones Industrial Average as one of the index options on your comparefunds.com site? This would help those of us with the Navra US fund track its performance against the index.

Regards,
Mark Leo.

 

Sim,
So what is the code for the accumulation index? Is it the XAT - S&P/ASX All Australian 200 Index?
Mark Leo

 

Economagic have the 200 acc index for free. Hasn't been updated for a few months though and is only monthly data. the FinRev publish it, otherwise it's pay up from what I have been able to find.

Economagic Data

 

BankSA have now lowered the LVR to 70% on the retail fund.

 

Thanks Insight. Interesting Bundy...
Mark Leo.

 

Ditto, i.e, does anyone have any idea of cash held at moment?

Today may have presented some good buying opportunities (I hope )

 

Hi Smarty.

16.3% as at end of November if that's any help.

Welcome to NavraInvest Limited - Funds Management

With the recent Distribution announcements, has anyone already checked why there is only about 1% for the US Fund? I know I can go and check to see how the exchange rate went for the Quarter and also check the DOW for the same period to see if it was these factors or poor trading performance but I was just wondering if anyone can save me the time.