The Australian Shares Fund is listed on ASX (ASX:FOR) as a Listed Investment Trust.
VISIT ASX (FOR) INVESTOR CENTREThe Portfolio
We specialise in small, unusual opportunities that many investors miss. Our investing approach means the Forager Australian Shares Fund is unique in a number of ways:
- By using a concentrated, selective, flexible approach we have been able to deliver long-term returns.
- Due to our concentrated, value-driven approach the returns we deliver are unlikely to be correlated with any particular index, benchmark or asset class in the short term.
- We aim to maximise the Fund’s expected return whilst taking calculated risks. We focus on avoiding permanent capital losses although accept the risks of investing in deep value stocks.
- The Fund is permitted to invest in any ASX-listed security and hold unlisted securities (up to 10%) and as much cash as we deem appropriate. This allows us to be patient, nimble and seek value wherever it arises.
- The Fund provides ordinary distributions on a cents-per-unit basis, which are paid semi-annually, set at a level that targets an annual distribution of approximately 4%1. For this financial year the distribution will be set at 8 cents per unit. The intention is to pay a special distribution in the years when the Fund’s taxable income is significantly in excess of the ordinary distribution. This is to create certainty and consistency of distributions over time. However, the Fund’s objective remains long-term capital growth.
- The investment mix within the portfolio can change significantly and sometimes quickly. Ask your adviser or contact us for the latest investment mix and the size of the Australian Fund.
1 The Responsible entity reserves the discretion to amend the trust’s distribution policy.
Historical Data
View historical unit pricesPerformance (net of all fees)
As at 28 February 2023 | Inception Date: 31/10/2009
Performance (net of all fees)
As at 28 February 2023 | Inception Date: 31/10/2009
| 1 year | 3 year | 5 Year | Since inception Annualised | |
|---|---|---|---|---|
| Australian Shares Fund | -10.84% | 10.11% p.a | 1.04% p.a | 9.16% p.a |
| All Ords. Accumulation Index | 5.97% | 8.50% p.a | 8.05% p.a | 7.93% p.a |
| Value Added | -16.81% | 1.62% p.a | -7.01% p.a | 1.23% p.a |
*All performance figures for this fund are based on the Net Asset Value (NAV), not the market price. Past performance is not a reliable indicator of future performance. The Trust Co (RE Services) Limited and Forager Funds Management do not guarantee investment performance or distributions, and the value of your investment may rise or fall.
A factsheet for the Forager Australian Shares Fund, which includes performance, is released monthly. At the end of each quarter, a more detailed Quarterly Report is published.
Prior to 30 June 2014, the Forager Australian Shares Fund was known as the Intelligent Investor Value Fund. Whilst this is the same fund and Chief Investment Officer, reports prior to that date use the former name.
Fees
*Please refer to the Product Disclosure Statement for a detailed break down of fees and costs.
The performance fee in the Australian Shares Fund is 10% (inclusive of GST net of RITC) of the net return (excluding the impact of the performance fee) of the Fund in excess of 8% per annum (i.e. after the deduction of any fees (other than the performance fee), costs, expenses or taxes), calculated and paid semi-annually in arrears based on the average net asset value of the Fund over the relevant six month period.
All fees are accounted for in the calculation of the indicative NAV, announced daily on ASX.
Reports
Change to distributions
Click through for more information about the approach to distributions of the Forager Australian Shares Fund (FOR), including helpful documents and instructions for opting into the Distribution Reinvestment Plan (DRP).
Forager Australian Shares Fund Distribution Components – see document centre
Document Centre