TEST Australian Shares Fund Reports


Investments in the portfolio continue to recover well from COVID-induced disruption and remain resilient despite dramatic under the surface swings in 2020.

  • WPP gets a bid
    A new takeover offer for WPP further realises value for business.
  • A thorny saga that seemingly never ends
    MSL and VBC show excellent signs of turnaround while TGA remains difficult.
  • A monetary epoch?
    2020 financial crisis urges the return of inflation.


Portfolio value at 31 December 2020

$176.8m: November 2020

$156.2m: October 2020


Stocks in this fund

as at 31 December 2020


Average annual return since inception

as at 31 December 2020


Market price

as at 31 December 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.

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.