International Shares Fund PresentationRoadshow 2020
Presentation from Steve and the International Shares Fund team from the 2020 Investor Roadshow. Find out more about the Fund and the investment processes here.
WATCH NOWThe Portfolio
The Forager International Shares Fund is comprised of securities listed on stock exchanges around the world. An investment in this fund offers a combination of large liquid companies and smaller, value based opportunities.
- Typically invested in 20-40 securities around the world, the Forager International Shares Fund provides a more concentrated portfolio than most but offers greater diversification in comparison to our Australian Shares Fund.
- Predominantly focusing on markets which have established legal frameworks and stable political systems, the Fund has investments in North America, Europe and Asia. However, up to 20% of the International Fund can be invested in emerging markets. To date the exposure has been minimal.
- The research process is undertaken by analysts with expertise in Europe, the UK, Asia and the United States.
- The currency exposure that arises from owning foreign stocks is not hedged back to Australian dollars. This offers Australian investors potential diversification benefits through foreign currency exposure.
Performance (net of all fees)
As at 30 November 2020 | Inception Date: 08/02/2013
Performance (net of all fees)
As at 30 November 2020 | Inception Date: 08/02/2013
| 1 year | 3 year | 5 Year | Since inception Annualised | |
|---|---|---|---|---|
| International Shares Fund | 6.22% | 12.59% p.a | 7.38% p.a | 11.59% p.a |
| MSCI AC World Net Index in $A | 9.21% | 11.80% p.a | 9.52% p.a | 12.90% p.a |
| Value Added | -2.99% | 0.79% p.a | -2.14% p.a | -1.31% p.a |
*Inception date 8 February 2013. Past performance is not a reliable indicator of future performance. Fundhost and Forager Funds Management do not guarantee investment performance or distributions, and the value of your investment may rise or fall.
Fees
1.23%*
Management & expense recovery fee
12.53%*
Performance fee
$0
Establishment & withdrawal Fees
*As at 30 September 2020. Please refer to the Product Disclosure Statement for a detailed break down of fees and costs.
A performance fee is payable to Forager half-yearly in respect of each 6 monthly period ending 30 June or 31 December when the investment performance of the Fund has exceeded the Benchmark, being the MSCI AC World Net Index in $A, and positive performance is achieved. More information about the Performance Fee can be found here.
There is a buy spread of +0.20% and a sell spread of -0.20% on fund units which covers the cost of brokerage. The Management Fee is accounted for in the calculation of the weekly Unit Price at Friday’s close. Applications received during the week are processed the following Tuesday and redemptions are also processed weekly.
Unit Prices
Unit prices as at 05/11/2021
| $ 2.0021 | Buy Price |
| $ 1.9981 | Mid Price |
| $ 1.9941 | Redemption Price |
International Shares Fund Presentation
International Fund Team
Gareth Brown
Co-Portfolio Manager
Gareth Brown joined Intelligent Investor (the original parent company of Forager) in 2002 and spent the next 10 years as a senior member of the analyst team working closely with Steve Johnson. Gareth began research for Forager when the Forager International Shares Fund was launched in early 2013.
Prior to this, Gareth spent seven years at Commonwealth Bank, initially in risk management and then on the trading floor. Whilst working at CBA, he completed a Bachelor of Business degree, majoring in Finance, at University of Technology, Sydney.
Gareth’s healthy scepticism and willingness to ask the questions no one wants to ask make for lively team discussions. He is an avid traveller and is unmatched in his knowledge of geography (in our office at least), something put to good use as he scours the world looking for opportunities, particularly in Europe. Gareth lives with his wife, son and daughters in Sydney, Australia.
Gareth Brown
Co-Portfolio Manager
Gareth Brown joined Intelligent Investor (the original parent company of Forager) in 2002 and spent the next 10 years as a senior member of the analyst team working closely with Steve Johnson. Gareth began research for Forager when the Forager International Shares Fund was launched in early 2013.
Prior to this, Gareth spent seven years at Commonwealth Bank, initially in risk management and then on the trading floor. Whilst working at CBA, he completed a Bachelor of Business degree, majoring in Finance, at University of Technology, Sydney.
Gareth’s healthy scepticism and willingness to ask the questions no one wants to ask make for lively team discussions. He is an avid traveller and is unmatched in his knowledge of geography (in our office at least), something put to good use as he scours the world looking for opportunities, particularly in Europe. Gareth lives with his wife, son and daughters in Sydney, Australia.
Harvey Migotti
Co-Portfolio Manager
Harvey Migotti joined Forager in May 2019 and works on researching US stocks for the Forager International Shares Fund.
Prior to this, Harvey worked as an investment analyst and portfolio manager covering various sectors across Europe and the United States at Watermark Funds Management in Sydney and Balyasny Asset Management in London. He has also held equity analyst roles with Amiya Capital and Apax Partners and started his career at Morgan Stanley’s investment banking division in London. Harvey holds a Masters in Finance from Cambridge University Judge Business School.
Harvey Migotti
Co-Portfolio Manager
Harvey Migotti joined Forager in May 2019 and works on researching US stocks for the Forager International Shares Fund.
Prior to this, Harvey worked as an investment analyst and portfolio manager covering various sectors across Europe and the United States at Watermark Funds Management in Sydney and Balyasny Asset Management in London. He has also held equity analyst roles with Amiya Capital and Apax Partners and started his career at Morgan Stanley’s investment banking division in London. Harvey holds a Masters in Finance from Cambridge University Judge Business School.
Chloe Stokes
Senior Analyst
Chloe Stokes joined Forager in November 2017 and works as a senior analyst for the Forager International Shares Fund.
She was previously employed by both KPMG and Deloitte in corporate finance roles, working on M&A advisory and restructuring engagements. Chloe completed a Bachelor of Business (Finance and Accounting) at the University of Technology in Sydney, graduating with first class honours. She is a CFA Charterholder and has also passed the exams required to become a Chartered Accountant.
Chloe Stokes
Senior Analyst
Chloe Stokes joined Forager in November 2017 and works as a senior analyst for the Forager International Shares Fund.
She was previously employed by both KPMG and Deloitte in corporate finance roles, working on M&A advisory and restructuring engagements. Chloe completed a Bachelor of Business (Finance and Accounting) at the University of Technology in Sydney, graduating with first class honours. She is a CFA Charterholder and has also passed the exams required to become a Chartered Accountant.