Navra Funds - Year End Results

S

Steve Navra

• 11th Jul, 2005

• #1

Financial Year End Results:
Navrainvest Wholesale Fund: 22.40% net.
Navrainvest Retail Fund: 22.42% net.

Quarterly distributions:
Navrainvest Wholesale Fund: 3.88%
Navrainvest Retail Fund: 5.05%

Annual Distributions:
Navrainvest Wholesale Fund: 15.50%
Navrainvest Retail Fund: 16.17%

Gearing:
The Navrainvest funds are NOT geared funds, however individual clients can gear up to their own level of comfort.

Clients who geared at 50%:
22.40% X 2 = 44.8% less 8% x 1/2 (Interest cost of 50% of the investment)
40.80% net

Clients who geared at 67%:
22.40 X 3 = 67.20 less 8% x 2/3 (Interest cost of 67% of the investment)
61.87% net

All in all a very satisfactory year

Please refer to Meeting Point for details of the end year Cocktail Party.

Regards,
Steve

 

perky29

• 11th Jul, 2005

• #2

Thanks Steve - so with the wholesale that 3.88% equates to approx 3.55 cents per unit. Happy with that.

 

Last edited: 11th Jul, 2005

aidan_opan

• 11th Jul, 2005

• #3

why would the annual return for the retail fund be higher than the wholesale fund if the fees are lower in the wholesale fund?

 

Sim

Administrator

• 11th Jul, 2005

• #4

aidan_opan - don't forget the retail and wholesale funds are two separate entities and have their own pools of money and hence their trades - while similar, would be of different volumes, hence different returns result.

 

S

Steve Navra

• 11th Jul, 2005

• #5

aidan_opan said:

why would the annual return for the retail fund be higher than the wholesale fund if the fees are lower in the wholesale fund?

Click to expand...

Hi All,

These are the very questions that I will be answering at the cocktail party

Regards,

Steve

 

A

Alan H

• 11th Jul, 2005

• #6

Did I just read over 5% for the Quarter?

I did......I did.........

Great result Steve. Congratulations.

 

M

Mikhaila

• 11th Jul, 2005

• #7

Well done!

It is a very strong finish and extremely pleasing result indeed. As Sim said in another thread index over performance isn’t something to be a sneezed at.

Also, as a company unit holder it is very nice to see some performance fees.

M.

 

twodogs

• 11th Jul, 2005

• #8

Steve Navra said:

Clients who geared at 50%:
22.40% X 2 = 44.8% less 8% x 1/2 (Interest cost of 50% of the investment)
40.80% net

Clients who geared at 67%:
22.40 X 3 = 67.20 less 8% x 2/3 (Interest cost of 67% of the investment)
61.87% net

Regards,
Steve

Click to expand...

I geared at 100%, but the maths was just too hard to work out a percentage, so I just look at the $$$

 

Glebe

• 12th Jul, 2005

• #9

Great work Steve.

 

B

bawley

• 12th Jul, 2005

• #10

Is it possible to see the current unit price on the Navrainvest site??

thanks
Bawley

 

Sim

Administrator

• 12th Jul, 2005

• #11

Yup - http://www.navrainvest.com.au/index.asp?content=unit_prices

 

B

bawley

• 12th Jul, 2005

• #12

thanks Sim

Pardon me if this is very stupid. I understood unit prices reverted to $1 at beginning of financial year. If this is so, with a -ve return ytd I thought unit price would be less than $1?????????

Bawley

 

Sim

Administrator

• 12th Jul, 2005

• #13

No - your understanding is not correct.

Unit prices are simply a function of the total value of the fund divided by the number of units currently issued.

Unit prices do usually drop a bit at the end of each quarter once the distributions are made - since the value of funds held will drop as cash is distributed.

 

twodogs

• 13th Jul, 2005

• #14

Glebe said:

4 8 15 16 23 42

Click to expand...

OK, I give up what do these numbers mean

 

Glebe

• 13th Jul, 2005

• #15

Maniyak,

I don't suppose you've watched the TV show 'Lost' before?

http://www.tv.com/lost/numbers/episode/394985/summary.html

 

Glebe

• 14th Jul, 2005

• #16

My first Navrainvest distribution has been paid, but it's taken the form of cash not extra units. I'm sure this isn't what I selected in my application. Anyone know who I talk to about this?

 

Sim

Administrator

• 14th Jul, 2005

• #17

Try this: http://www.navrainvest.com.au/index.asp?content=contact

 

Glebe

• 14th Jul, 2005

• #18

lol good idea.