Any information we have about COVID-19 developments and actions being taken at Forager can be found here. We will update this page as new information comes to light and add to it as more content is produced.
March Quarterly Report
The March quarterly report has been published. Read the report here to find out more about what happened to investments in both Funds during the market turmoil and what opportunities the team have found during the pandemic. Due to potential logistical issues associated with the COVID-19 pandemic, printed copies of the March report were not distributed. Digital copies were sent via email and the report has been published on the reports pages of this website and our ASX feed.
Forager Australian Shares Fund
The Forager Australian Shares Fund (FASF, FOR) fell in Net Asset Value (NAV) as the market sold off in March in relation to COVID-19 risks. In these times of market dysfunction, the team are working hard to identify opportunities and have been actively trading and moving positions within the Fund. Steve Johnson wrote two letters to investors in respect to the large market sell-off, which are both linked to at the bottom of this page. He also spoke with investors in a webinar on Monday 23 March, there is a link to the recording of this below. The March 2020 quarterly report outlines some new opportunities in the Fund.
Forager International Shares Fund
The Forager International Shares Fund (FISF) also fell in value as markets globally sold off in March in relation to COVID-19 risks. The team have been working around the clock, taking into account breaking news as it happens around the world when looking for opportunities. There has been a rebound in markets since the original sell-off and the team have found plenty of new opportunities, a number of which are outlined in the March quarterly report. Steve Johnson wrote two letters to investors when the markets first fell, which are linked to at the bottom of this page. He also spoke with investors in a webinar on Monday 23 March, there is a link to the recording of this below.
Continuity of Operations
Forager is taking all steps necessary to ensure the continuity of our operations, including staff working remotely. Our phone lines remain open and have been re-directed to staff mobiles. The admin email address is also available for any contact: [email protected]
Fundhost and Link Market Services both have processes in place to deal with investor enquiries.
Applications and Redemptions
FOR continues to trade on market and you can buy or sell units in the same way as any other share. FISF is open to applications and redemptions, but due to remote working practices, posted applications or redemptions may not reach Fundhost. Please ensure any applications made or redemptions requested are done so electronically. You can find the FISF Document Centre here.
Steve Johnson and Gareth Brown hosted a webinar on Monday 23rd March to speak with investors about what has been happening in markets and in the Forager Funds amidst the COVID-19 pandemic. The webinar included an open Q&A session for investors. A recording of the webinar is available here.