Australian Fund Reports

Video analysis of reports

IN THE LATEST QUARTERLY REPORT - September 2019

Growth Bubble Bursts – A failed IPO for office sharing company WeWork might herald the end of a boom for businesses with lots of revenue growth but even bigger losses.

  • Signs of Spring
    The Forager Australian Shares Fund was up over 10% for the September quarter.
  • Contracting a strong result
    Despite profit up 80% and revenue up 55%, Macmahon's share price was down 20%. Why is this?
  • Get aggressive to realise value
    The Forager team have been active as large shareholders of Thorn and a number of other holdings.

$160.0M

Portfolio value at 30 September 2019

$153.3M – August 2019

$154.9M – July 2019

20

Stocks in this fund

as at 30 September 2019

10.65%

Average annual return since inception

as at 30 September 2019

$1.20

Market price

as at 30 September 2019

For more regular insights into Chief Investment Officer Steve Johnson’s thoughts on investing, the Australian Fund and the wider market, visit the Forager Blog.

All australian Fund Reports

The Forager Australian Shares Fund reports each month on its performance and portfolio activity. At the conclusion of each quarter, a more detailed Quarterly Report is published. In between, Monthly Reports give an overview of fund activity and performance statistics.

You can request a copy of the reports by calling 02 8305 6050.

Prior to 30 June 2014, the Forager Australian Shares Fund was known as the Intelligent Investor Value Fund. Old reports will still refer to the old name.