Australian Shares Fund Reports

IN THE LATEST QUARTERLY REPORT - March 2020

In one of the worst months on record for Australian stocks there were not many places to hide. Almost all businesses felt an impact from COVID-19.

Businesses that go slow
Marketing agencies all look to reduce spending and slow their businesses.
Closed borders. Closed businesses.
Tourism stocks were early decliners as borders closed and interstate travel was halted.
Opportunities all around
The Fund has made a number of new investments.

$102.7M

Portfolio value at 30 April 2020

$85.2M – March 2020

$141.2M – February 2020

Stocks in this fund

as at 30 April 2020

5.48%

Average annual return since inception

as at 30 April 2020

$0.78

Market price

as at 30 April 2020

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

View International Shares 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.